Considering current severe business environment etc. since the Tohoku-Chihou-Taiheiyou-Oki Earthquake, Tokyo Electric Power Company Holdings has decided to withdraw its existing basic dividend policy. While we strongly recognize sharing corporate profits to our shareholders through its value creating management as one of the primary tasks, our basic dividend policy is to be revised with careful consideration of our business circumstances and performance.
TEPCO's fiscal 2016 ordinary income and net income attributable to owners of parent showed a profit mainly due to a substantial reduction in fuel costs thanks to a decline in fuel prices and appreciation of the Japanese yen as well as our group-wide cost reduction efforts, despite a decline in the unit electricity sales price resulting from the fuel cost adjustments.
However, taking into the current severe management environments, we deeply regret to pay out no interim or year-end dividend in fiscal 2016.
In addition, with respect to dividend policy for fiscal 2017, we regret to pay out no interim dividends and to plan no year-end dividends as well.
Dividend Yield is calculated with the closing price at the end of each fiscal year.
Dividend Payour Ratio cannot be calculated for FY2007,FY2008,FY2010,FY2011 and FY2012 due to net loss.