Kansai Electric incurs 99.5 bil. yen in April-June net loss.
OSAKA, July 30 Kyodo
Kansai Electric Co. said Monday it posted a group net loss of 99.50 billion yen in the April to June quarter against a year-before profit of 34.47 billion yen as its fossil fuel fossil fuel: see energy, sources of; fuel.
Any of a class of materials of biologic origin occurring within the Earth's crust that can be used as a source of energy. Fossil fuels include coal, petroleum, and natural gas. costs rose on the suspension of nuclear plants.
Consolidated sales in the first quarter of fiscal 2012 rose 0.1 percent to 648.30 billion yen.
Kansai Electric restarted two nuclear reactors at its Oi plant in Fukui Prefecture Fukui Prefecture (福井県 Fukui-ken earlier this month, after the quarterly period ended.
The company refrained from estimating earnings for the entire fiscal 2012, citing uncertainties about the resumption of other nuclear reactors that remain offline following the March 2011 Fukushima Daiichi nuclear plant accident.
"We would like to achieve the resumption of nuclear plants under the people's and local governments' understanding and trigger an earnings recovery," Kansai Electric President Makoto Yagi ya·gi
n. pl. ya·gis
A directional radio and television antenna consisting of a horizontal conductor with several insulated dipoles parallel to and in the plane of the conductor. said at a press conference.