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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.
FY2022 Dividend and FY2023 Dividend Outlook
In the fiscal 2022, despite Group-wide efforts to improve profitability, Tokyo Electric Power Company Holdings posted a consolidated ordinary loss of 285.3 billion yen and a net loss attributable to owners of the parent of 123.6 billion yen due to an increase in the electricity procurement expenses resulting from a surge in fuel and wholesale electricity market prices and other factors.
Given such severe economic conditions and other factors, we deeply regret to pay out no year-end dividends for the current fiscal year.
In addition, with respect to dividend policy for fiscal 2023, it seems that severe management environments will continue, and we plan to pay out no interim or year-end dividends.