Tepco’s Profit Plummets Amid Declining Sales and New Competition

  • Operating profit falls by 37 percent in the first quarter
  • More than 750,000 Tepco customers have switched providers

Tokyo Electric Power Co. Holdings Inc., operator of the wrecked Fukushima Dai-Ichi nuclear plant, said first-quarter operating profit plummeted 37 percent as sales declined amid faltering demand and new entrants into Japan’s power market.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.