Today, President Kenji Kudo held a monthly press conference in Aomori City and talked about "Status of response to the New Regulatory Requirements" and "Overview of FY2014 Financial Results".

Status of Response to the New Regulatory Requirements

A review meeting will be held on June 29 concerning ‘measures against severe accidents’, which is a key focus of the New Regulatory Requirements. At the meeting, JNFL will define the anticipated scope of ‘severe accidents’ and comprehensive cases that would lead to the loss of safety functions, while explaining details about anticipating the status and progression of an accident, and implementing countermeasures according to priority orders.

Meanwhile, review meetings were held on June 12 and 26 concerning faults within the JNFL facility site.
Assessment on underground structures has been finished with necessary examination completed. JNFL compiled data and provided explanation about the activity assessment of faults within the site.

The uranium enrichment plant is allowed to operate for five years until its compliance with the New Regulatory Requirements is confirmed. At present, the plant is producing enriched uranium to the tune of 75 tons per year (75tSWU/year). Some of the facilities underwent safety confirmation. On June 17, the Nuclear Regulation Authority confirmed that the facilities did not have any safety specific issue.

Overview of FY2014 Financial Results

The net sales totaled 290.9 billion yen which is an increase by 4 billion yen from the previous year, while the cost of goods sold came to 255.9 billion yen, an increase by 12.9 billion yen from the previous year.
The results have been mainly attributed to the increase cost of achieving compliance with the New Regulatory Requirements.

Consequently, the ‘gross margin’ was 34.9 billion yen, and the ‘operating profit’, which is the gross margin with ‘SGA’ deducted, stood at 13 billion yen, a decrease by 9.1 billion yen from the previous year.
The ‘ordinary profit’, which reflects the non-operating profit / loss, came to 2.3 billion yen, a decrease by 6.7 billion yen from the previous year. The ‘current net income’, which does not include ‘corporate taxes’ and ‘special losses’ such as costs associated with the retirement of fixed assets, was registered at 700 million yen, down 4.7 billion yen from the previous year, with the final results indicating increased revenues and reduced profits.