TOKYO : Japan's Hokuriku Electric Power, Hokkaido Electric Power and Shikoku Electric Power reported a combined loss of 134 billion yen (US$1 billion) for the 2022/23 financial year on Thursday, citing high fuel prices. The trio are among seven utilities which requested hikes in electricity rates from Apri
TOKYO : Japan's Hokuriku Electric Power, Hokkaido Electric Power and Shikoku Electric Power reported a combined loss of 134 billion yen for the 2022/23 financial year on Thursday, citing high fuel prices.
Hokuriku Electric's loss reached 88.45 billion yen in the year ended Mar 31, the deepest since it started disclosing earnings in 1994, and compared with a loss of 7 billion yen a year earlier. Hokuriku Electric earlier said revenue would take a hit of about 1.5 billion yen a month without the requested rate hikes.
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