Tokyo Electric Power Company Holdings reported a sharply narrower net loss for its first quarter but swung to an operating loss despite higher sales. Net loss attributable to owners of the parent was 9.79 billion yen, compared with a loss of 857.69 billion yen a year earlier. The company posted an operating loss of 34.27 billion yen, reversing from an operating profit of 64.70 billion yen in the same period last year. Ordinary income fell 88.7 percent to 11.43 billion yen, while net sales rose 3.9 percent to 1.48 trillion yen.
Tokyo Electric Power Company Holdings, IncorporatedSwung to an operating loss despite higher sales, with ordinary income down 88.7%.