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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.
FY2017 Dividend and FY2018 Dividend Outlook
TEPCO's fiscal 2017 ordinary income and net income attributable to owners of parent showed a profit mainly due to an increase in electricity sales revenue thanks to a rise in fuel cost adjustments, as well as our group-wide efforts to reduce costs.
However, taking into the current severe management environments, we deeply regret to pay out no interim or year-end dividend in fiscal 2017.
In addition, with respect to dividend policy for fiscal 2018, it seems that severe management environments will continue, we regret to pay out no interim dividends and to plan no year-end dividends as well.