Upsidedown Fuji
Member
Http://www.japantoday.com/smartphone/view/business/tepco-books-y438-65-billion-net-profit
I doubt this post will get much attention but here it goes.
As the thread title states, TEPCO, the company responsible for the Fukushima nuclear power plant meltdowns, coverup, and the main party responsible for subsequent botched cleanup and safety of the disabled Fukushima Daichi power plant, have actually managed to publicly post record profit in the 2013-14 fiscal year. According to the news article linked below, TEPCO made 438.65 billion yen or in US dollars 4.3 billion through rate hikes, limited staff pay cuts, layoffs, and a trillion yen loan from the government.
I really am curious how they came up with the numbers. It really seems to me as if they aren't factoring in the realistic costs for the continued upkeep of Fukushima Daiichi and whatever money the they owe to the public.
This is an absolute disgrace in my eyes as they have continually proven they're reluctance to improve, refusal to provide renumeration for the refugees, and their continued amateur approach of handling the Fukushima Daiichi plant and surrounding area. Yet they get a seemingly free pass from one of the largest government infusions of money to a private corporation, now mostly owned by the govt, and on top of that they're allowed to fleece their customers with 8 to 10% higher rates since 2012 when they were already proven to be overcharging for decades.
Seriously fuck this company. If TEPCO were actually making an honest effort to help the refugees with renumeration, and not continue with their long established culture secrecy and misinformation, I'd be more comfortable with this news as the money would be used wisely. But these are profits for the company to pocket and use as they see fit. I've said it many times before but TEPCO should've been split apart or dissolved as a company nearly 2 years back. I really would like to think that in any other country the same kind of company would've been hung out to dry long ago. Business as usual for Japan. Corporation first people last... But I suppose that's status quo for any modern nation.
Sorry for any typos or weird formatting. I posted from my phone.
I doubt this post will get much attention but here it goes.
As the thread title states, TEPCO, the company responsible for the Fukushima nuclear power plant meltdowns, coverup, and the main party responsible for subsequent botched cleanup and safety of the disabled Fukushima Daichi power plant, have actually managed to publicly post record profit in the 2013-14 fiscal year. According to the news article linked below, TEPCO made 438.65 billion yen or in US dollars 4.3 billion through rate hikes, limited staff pay cuts, layoffs, and a trillion yen loan from the government.
I really am curious how they came up with the numbers. It really seems to me as if they aren't factoring in the realistic costs for the continued upkeep of Fukushima Daiichi and whatever money the they owe to the public.
This is an absolute disgrace in my eyes as they have continually proven they're reluctance to improve, refusal to provide renumeration for the refugees, and their continued amateur approach of handling the Fukushima Daiichi plant and surrounding area. Yet they get a seemingly free pass from one of the largest government infusions of money to a private corporation, now mostly owned by the govt, and on top of that they're allowed to fleece their customers with 8 to 10% higher rates since 2012 when they were already proven to be overcharging for decades.
Seriously fuck this company. If TEPCO were actually making an honest effort to help the refugees with renumeration, and not continue with their long established culture secrecy and misinformation, I'd be more comfortable with this news as the money would be used wisely. But these are profits for the company to pocket and use as they see fit. I've said it many times before but TEPCO should've been split apart or dissolved as a company nearly 2 years back. I really would like to think that in any other country the same kind of company would've been hung out to dry long ago. Business as usual for Japan. Corporation first people last... But I suppose that's status quo for any modern nation.
Sorry for any typos or weird formatting. I posted from my phone.
