President's Message

To Our Shareholders and Investors

First of all, we would like to express our sincere gratitude to our shareholders and investors for their enormous support for and cooperation with the management of Tokyo Electric Power Company Holdings, Incorporated and its group companies (the "Group").

The Group is working to implement various management reforms in order to thoroughly fulfill its responsibilities for Fukushima. However, our business environment is changing dramatically, including a global trend of aiming to achieve carbon neutrality, requirements to bolster resilience against intensifying and increasingly widespread natural disasters, and changes in economic and social activities in the wake of the COVID-19 pandemic.

The Group formulated a new the Fourth Comprehensive Special Business Plan in July 2021 to respond to these changesin the business environment. Under the Fourth Comprehensive Special Business Plan, we will prioritize initiatives for rebuilding the trust of local communities and the public after it was damaged by a series of cases of misconduct in the nuclear power business. In addition, with regard to the ocean discharge of ALPS treated water, we are responsibly engaged in efforts to confirm safety and minimize the impact on our reputation as far as possible, based on the basic policy indicated by the government in April 2021. In addition, we intend to pivot to a business model that provides new value based upon "carbon neutrality" and "disaster prevention," looking to realize further expansion in earning capability and increase in corporate value.

In fiscal 2021, our circumstances still do not enable us to meet the expectations of shareholders with regard to dividends. However, guided by our new corporate philosophy, we will carry out the measures of the Fourth Comprehensive Special Business Plan, steadily securing profits in order to realize improvements in our corporate value and raise our rating in the market. We sincerely ask for your continued understanding of and cooperation with management of the Group.

June, 2022
Tokyo Electric Power Company Holdings, Incorporated

President, Tomoaki Kobayakawa

President, Tomoaki Kobayakawa (Photo)

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