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4-Traders Homepage  >  Equities  >  Tokyo  >  Tokyo Electric Power Company Holding Inc    9501   JP3585800000

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Tokyo Electric Power : Japanese Nuclear Plant Operator One Step Closer to Restarting Reactors

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10/04/2017 | 05:13pm CEST

October 4, 20178:46 AM

- VOA News

Japan's nuclear regulator has given an initial approval for the reactivation of two nuclear reactors that were shut down after the catastrophic Fukushima nuclear plant disaster in 2011.

The Nuclear Regulation Authority voted unanimously Wednesday that the two reactors at the Kashiwazaki-Kariwa nuclear plant, operated by Tokyo Electric Power Company, had met new stricter safety standards imposed after the Fukushima disaster.

The Kashiwazaki-Kariwa plant, located in Niigata prefecture, is one of the world's largest nuclear plants, and the biggest in Japan.

A powerful 9.0 magnitude earthquake in March 2011 triggered a massive tsunami that killed 20,000 people and caused the meltdown of Fukushima's three nuclear reactors in northeastern Japan, making it the world's worst nuclear crisis since the 1986 Chernobyl disaster.

The quake and resulting tsunami waves killed an estimated 18,000 people and triggered the meltdowns of three nuclear reactors in Fukushima, Japan. (S. Herman/VOA)

The Fukushima disaster forced the closure of all of Japan's nuclear plants, and there remains widespread public opposition to restarting the plants. But Prime Minister Shinzo Abe has been pushing for a gradual return to nuclear power. TEPCO is aiming to restart the plants to raise the funds needed to compensate hundreds of thousands of residents displaced by the Fukushima accident.

It will likely take several months before TEPCO gets final approval to restart the Kashiwazaki-Kariwa plant.

Copyright (c) 2017 Federal Information & News Dispatch, Inc., source Federal Documents

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Financials (JPY)
Sales 2019 6 076 B
EBIT 2019 -
Net income 2019 244 B
Debt 2019 5 172 B
Yield 2019 -
P/E ratio 2019 3,22
P/E ratio 2020 2,70
EV / Sales 2019 0,99x
EV / Sales 2020 0,86x
Capitalization 824 B
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Number of Analysts 4
Average target price 423  JPY
Spread / Average Target -17%
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Managers
NameTitle
Tomoaki Kobayakawa Executive President & Director
Takashi Kawamura Chairman
Naomi Hirose Executive Vice Chairman
Hideko Kunii Independent Director
Keita Nishiyama Director & Head-Corporate Planning
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