Shikoku Electric skips profit forecast due to nuclear shutdown

Published October 31, 2012

| Reuters

Shikoku Electric Power Co <9507.T> said on Wednesday it will skip issuing a profit forecast for the 12 months to March 31 due to uncertainty over when it can restart its Ikata nuclear plant.

All but two of Japan's 50 nuclear reactors have been idled for safety checks and upgrades after the Fukushima nuclear disaster last year, the world's worst since Chernobyl in 1986.

Shikoku Electric said it had a loss of 15.01 billion yen ($188.62 million) for the six months to September 30, after spending more on fossil fuels to generate electricity, compared with a loss of 16.01 billion yen a year earlier.

(Reporting by Yuko Inoue; Editing by Aaron Sheldrick and Michael Watson)

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