Tuesday, June 7, 2011

The action TEPCO, the operator of Fukushima plunges

The share of the company Tokyo Electric Power (TEPCO), the manager of the nuclear accident in Fukushima (northeastern Japan), plunged Monday, June 6 by almost 24% in mid-session of the Exchange Tokyo, undermined by news reports indicating further mass casualties. A break of 11 hours, local time (4:00 am Paris time), the title was worth 218 yen Tepco (- 23.77%).

During the session, it fell to the floor allowed for the day (206 yen - 28%), before recovering slightly. Investors sold heavily on the title of an article of faith of the Kyodo news agency on Sunday, saying the company could record a net loss of 570 billion yen during the fiscal year from April 2011 to March 2012 (4.9 billion euros at current rate), excluding the compensation due to victims of the nuclear accident.

TEPCO said that these figures were not official and added that she did not intend to publish financial forecasts for the year immediately. The president of the Tokyo Stock Exchange, Atsushi Saito said his side that the company should go through a phase of legal redress will recover in the manner of Japan Airlines.

This information has reinforced the concern of operators about the future of the enterprise, especially as a support plan unveiled in mid-May by the center-left government could be challenged on resignation Prime Minister, Naoto Kan, unpopular and weak.

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