President’s Message

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’s biggest mission is to fulfill our responsibilities for Fukushima. Regarding the additional compensation based on the fifth supplement started last April, etc., under the idea of “Provide compensation to every last person,” we will provide compensation swiftly and properly by carefully inquiring about the individual circumstances of sufferers. As for the release of ALPS treated water into the ocean, which started last August, the Company continues to fully respond to the concerns and worries of people involved in the fishery industry and local residents to build a trusting relationship. Concerning the decommissioning work, which is entering a new phase, the Company will undertake the engineering based on the advice from the Subcommittee for the Evaluation of Fuel Debris Retrieval Methods, and work on specifying retrieval methods. We shall keep doing our best for the steady progress of compensation, restoration and decommissioning of reactors working as a group, prioritizing the recovery of trust from the communities and society.

While the importance of a stable energy supply is increasing and the realization of carbon neutrality and a sustainable society is required, in terms of the supply side, we are working on the reoperation of the Kashiwazaki-Kariwa Nuclear Power Station, which is economically efficient. The order to prohibit the transfer of nuclear fuel materials by the power station was lifted last December. However, considering that there is no end to the pursuit of safety, we will continuously work on improving the safety of the power station and reinforcing the protection of nuclear matters. In terms of the demand side, by utilizing our accumulated strength in energy solutions to introduce decentralized renewable energy, which is generated and consumed locally, and establish facility services for electrification, storage batteries, etc., we will achieve both carbon neutrality and comfortable lives for our customers.

The Company cannot again satisfy our shareholders’ expectation for dividends this fiscal year. However, we will appropriately correspond to the progress in Fukushima and keep striving to improve corporate value by taking on challenges in new business domains to simultaneously realize stable supply and carbon neutrality. We ask for your continued understanding of and cooperation with the Group’s management.

May, 2024
Tokyo Electric Power Company Holdings, Incorporated