About Us

Corporate Profile

August 2021

JAPAN NUCLEAR FUEL LIMITED (JNFL)

Main Activities and Services
  1. Uranium enrichment
  2. Reprocessing of spent nuclear fuel
  3. Temporary storage of nuclear fuel materials and wastes returned from overseas reprocessing plant
  4. Disposal of low-level radioactive wastes
  5. MOX fuel fabrication
  6. Transportation of uranium, low-level radioactive wastes, and spent fuel, etc.
  7. Other businesses related to above-listed activities
Capital Stock

400 billion yen

Stockholders

10 domestic electric power companies and other domestic 74companies

Office

[Headquarters]

4-108 Aza Okitsuke, Oaza Obuchi, Rokkasho, Kamikita-gun,Aomori Prefecture
TEL : +81 (0) 175 71 2000
(A postal code : 039 3212)

[Aomori Office]

To-o Nippo Shinmachi Building, 2-2-11 Shinmachi, Aomori City, Aomori Prefecture
TEL : +81 (0) 17 773 7171
(A postal code : 030 0801)

[Tokyo Office]

Hibiya Kokusai Building,2-2-3 Uchisaiwai-cho,Chiyoda-ku, Tokyo
TEL : +81 (0) 3 6371 5800
(A postal code : 100 0011)

Number of Employees

3,083(as of April 2021)

Management Staff

Updated in July, 2021
Chairman
Kazuhiro Ikebe
Executive President and CEO, Representative Member of the Board
Naohiro Masuda
Senior Executive Vice President, Representative Member of the Board
Kenzo Takase
Senior Executive Vice President, Representative Member of the Board
Toshikazu Sendo
Managing Executive Officer, Member of the Board
Kouji Hiraki
Member of the Board
Masahiro Ueno
Member of the Board
Isao Kato
Member of the Board
Hiroyuki Yamaguchi
Member of the Board
Hisanori Itou
Member of the Board
Wataru Hirata
Member of the Board
Koji Inada
Member of the Board
Shigeru Ashitani
Member of the Board
Hisashi Shirai
Member of the Board
Naoyuki Toyoshima
Member of the Board
Hirofumi Kenda
Member of the Board
Tomoyuki Yokota
Member of the Board
Hiroshi Tomono
Member of the Board
Takashi Ueno
Standing Corporate Auditor
Shigeru Koshimura
Standing Corporate Auditor
Tomohiko Obayashi
Corporate Auditor
Takashi Otake
Corporate Auditor
Satoshi Hamaya

Leadership/Profile

Executive President and CEO, Representative Member of the Board
Naohiro MASUDA
Place of Birth: Saitama Prefecture
Education: Master of Electrical Engineering, Yokohama National University, March 1982
Career Details:
April 1982 Joined Tokyo Electric Power Company, Inc. (TEPCO)
April 2014 President and Chief Decommissioning Officer of Fukushima Daiichi Decontamination and Decommissioning Engineering Company
April 2018 Executive Vice President of Tokyo Electric Power Company Holdings, Inc.
October 2018 Joined Japan Nuclear Fuel Ltd. (JNFL) as Adviser
December 2018 Member of the Board
January 2019 Executive President and CEO, Representative Member of the Board
Up to present
Senior Executive Vice President, Representative Member of the Board
Kenzo TAKASE
Place of Birth: Tochigi Prefecture
Education: Bachelor of Laws, Keio University, March 1980
Career Details:
April 1980 Joined Tokyo Electric Power Company, Inc. (TEPCO)
September 2013 General Manager, Nuclear Safety Management Dept.
June 2014 Joined Japan Nuclear Fuel Ltd. (JNFL) as Executive Officer, Head of Public Relations Division
June 2015 Managing Executive Officer, Head of Public Relations Division, Member of the Board
June 2016 Managing Executive Officer, Head of Public Relations and General Administration Division, Deputy Head of Aomori Office
June 2018 Senior Executive Vice President, Head of Aomori Office, Deputy Head of Public Relations Division and General Administration Division, Representative Member of the Board
November 2018 Senior Executive Vice President, Head of Aomori Office, Deputy Head of Public Relations Division and General Administration Division, Head of Work Style Reform Division, Representative Member of the Board
June 2021 Senior Executive Vice President, Head of Aomori Office, Representative Member of the Board
Up to Present
Senior Executive Vice President, Representative Member of the Board
Toshikazu SENDO
Place of Birth: Osaka Prefecture
Education: Master of Nuclear Engineering, Nagoya University, March 1985
Career Details:
April 1985 Joined Kansai Electric Power Co., Inc.
June 2017 Joined JNFL as a Managing Executive Officer
June 2018 Senior Managing Executive Officer, Representative Member of the Board
June 2019 Senior Executive Vice President, Representative Member of the Board
June 2021 Senior Executive Vice President, Responsible for Safety Management, Responsible for Compliance Promomtion, Head of Corporate Planning Division, Representative Member of the Board
Up to Present

Finance

Updated in August, 2021
  • Term
  • Accounting year

  • 38th
  • March, 2017
  • 39th
  • March, 2018
  • 40th
  • March, 2019
  • 41th
  • March, 2020
  • 42th
  • March, 2021
Sales
(Million yen)
308,767 265,800 201,109 197,142 186,747
Ordinary profit
(Million yen)
12,088 6,409 6,907 8,773 4,941
Current net income
(Million yen)
7,245 2,250 3,134 4,240 3,240
Return on investment applying the equity method
(Million yen)
- - - - -
Capital stock
(Million yen)
400,000 400,000 400,000 400,000 400,000
Aggregate number of issued shares
(1000 stocks)
60,000 60,000 60,000 57,713 57,713
Net assets
(Million yen)
581,360 583,418 585,007 565,122 570,921
Total assets
(Million yen)
2,316,200 2,460,844 2,554,966 2,613,228 2,740,521
Net assets per share
(Yen)
9,689.34 9,723.64 9,750.12 9,791.90 9,892.37
Dividend per share (in that, interim dividend per share)
(Yen)
-
(-)
-
(-)
-
(-)
-
(-)
-
(-)
Current net income per share
(Yen)
120.75 37.50 52.23 71.51 56.15
Diluted net income per share
(Yen)
- - - - -
Capital adequacy ratio
(%)
25.1 23.7 22.9 21.6 20.8
Rate of return on equity
(%)
1.3 0.4 0.5 0.8 0.6
Dividend payout ratio
(%)
- - - - -
Cash flow from operations
(Million yen)
168,114 303,139 204,813 162,048 171,962
Cash flow from investments
(Million yen)
△106,435 △266,497 △124,589 △85,535 △122,069
Cash flow from financial activities
(Million yen)
△49,644 △76,776 △57,610 △95,619 △33,447
Term-end balance of cash and cash equivalents
(Million yen)
396,488 356,354 378,966 359,559 376,004
Number of employees
(Persons)
2,487 2,535 2,653 2,787 2,901

(Note)

  1. Amount of sales does not include the consumption tax.
  2. JNFL has not created a consolidated financial statement, so the transition of major management indices related to the consolidated fiscal year is not included.
  3. Information regarding the return on investment applying the equity method has been omitted because of associated companies where importance to earnings standards and earned surplus standards is lacking.
  4. Information on diluted net income per share is not included because there are no dilutive shares.
  5. JNFL's shares are not listed, so the price-earnings ratio is not included.

Statements of Income Abstract

Updated in August, 2021

(Unit: one million yen)

Prior business year
(From April 1, 2019
Till March 31, 2020)
Prior business year
(From April 1, 2020
Till March 31, 2021)
Net sales 197,142 186,747
Total cost of sales 162,684 157,613
Gross profit 34,457 29,134
Selling, general and administrative expenses 21,041 21,308
Operating income 13,416 7,825
Total non-operating income 3,581 5,920
Interest income 4 1
Interest on securities 10 11
Contribution for decommissioning including processing facilities - 1,851
Company housing rent income 226 209
facilities/institutions rent income 261 283
Fiduciary obligation fee 207 265
Proceeds from miscellaneous income 720 450
Non-operating expenses 8,224 8,804
Interest expenses 6,172 4,970
Guarantee commission 1,829 1,818
Decommissioning asset reversal loss - 1,656
Miscellaneous loss 222 358
Ordinary income 8,773 4,941
Total extraordinary losses 2,135 725
Loss on retirement of noncurrent assets 2,135 725
Income before income taxes 6,637 4,216
Total income taxes 2,397 975
Net income 4,240 3,240

Outline of the Facility

Updated in August, 2021

Location Scale Construction period Construction cost
Reprocessing Plant Iyasakatai, Rokkasho, Kamikita-gun, Aomori Prefecture Maximum processing ability:
800 ton Uranium/year
Spent fuel storage capacity
3,000 ton Uranium
Start of construction: 1993
Completion of construction: The first half of FY2022
About 2 trillion 193 billion yen
Vitrified Waste Storage Center Iyasakatai, Rokkasho, Kamikita-gun, Aomori Prefecture Returned waste storage capacity:
Vitrified waste
2,880
Start of construction: 1992
Start of operations: 1995
About 125 billion yen
MOX Fuel Fabrication Plant Iyasakatai, Rokkasho, Kamikita-gun, Aomori Prefecture Maximum fabrication ability
130 ton - HM(#1)/year
Product:
MOX fuel assemblies for domestic light-water reactors (BWR, PWR)
Start of construction: 2010
Completion of construction: The first half of FY2024
About 390 billion yen
Uranium Enrichment Plant Oishitai, Rokkasho, Kamikita-gun, Aomori Prefecture Operations started with 150 ton SWU/year.
Eventually, 1,500 ton SWU/year
Start of construction: 1988
Start of operations: 1992
About 250 billion yen
Low-Level Radioactive Waste Disposal Center Oishitai, Rokkasho, Kamikita-gun, Aomori Prefecture Authorized capacity: 124,672 m3 (equivalent to 623,360 of 200-liter waste drums)
planned to be expanded to 600,000 m3 (equivalent to 3 million of 200-liter waste drums)
Start of construction: 1990
Start of operations: 1992
About 160 billion yen (#2)

The relationship between the facility name and statutory name (within brackets) is as follows:

#1: HM (Heavy Metals): Unit indicating the mass of the metallic components in Plutonium and Uranium within MOX
#2: Construction cost for about 200,000 cubic meter (equivalent to about one million 200-liter drums) low-level radioactive waste

History

Updated in February 25, 2016

Year Month Fact
1980 March 1 Japan Nuclear Fuel Service Limited was established.
1984 July 24 The Federation of Electric Power Companies requested the establishment of 3 nuclear fuel cycle facilities in the Mutsuogawara Industrial Park to Aomori prefecture, and Rokkasho village.
1985 March 1 Japan Nuclear Fuel Industry Limited was established.
April 18 Governor of Aomori prefecture and Mayor of Rokkasho village accepted the request of The Federation of Electric Power Companies.
April 18 "The Basic Agreement about Cooperation in the Establishment of Nuclear Fuel Cycle Facilities" was concluded with Aomori prefecture and Rokkasho village.
1987 May 26 Applied licence for the approval to uranium enrichment business.
1988 April 27 Applied licence for the approval to low-level, radioactive waste disposal business.
August 10 Approval was granted on uranium enrichment business.
October 14 Construction of the Uranium Enrichment Plant started.
1989 March 30 Applied licence for the reprocessing business and for the wastes management business.
1990 November 15 Approval was granted on low-level radioactive waste disposal business.
November 30 Construction of the Low-Level Radioactive Waste Disposal Center started.
1991 September 20 ROKKASHO VISITORS CENTER opened.
1992 January 22 Merger agreement was signed between Japan Nuclear Fuel Service Limited and Japan Nuclear Fuel Industry Limited.
March 27 The Uranium Enrichment Plant started operation.
April 3 Approval was granted on waste management business.
May 6 Construction of the High-Level Radioactive Waste Storage Center started.
July 1 Japan Nuclear Fuel Service Limited and Japan Nuclear Fuel Industry Limited merged to create Japan Nuclear Fuel Limited.
December 8 The Low-Level Radioactive Waste Center started operation.
December 24 Approval was granted on reprocessing business.
1993 April 28 Construction of the Reprocessing Plant started.
1995 April 26 The High-Level Radioactive Waste Storage Center started operation.
1999 December 3 Official start of spent fuel receipt and storage.
2000 November 20 JNFL announced to be the main party of the Mox fuel fabrication.
2001 August 24 JNFL requested cooperation for the establishment of MOX Fabrication Plant to Aomori prefecture and Rokkasho village.
2002 November 1 The Chemical Test started at the Reprocessing Plant.
2003 June 1 Headquarters was moved to Rokkasho village from Aomori city.
June 6 JNFL established "J-Tech" a subsidiary company for maintenance of machinery and equipment.
2004 December 21 The Uranium Test was started at the Reprocessing Plant.
2005 April 19 "The Basic Cooperation Agreement for location of MOX Fuel Fabrication Plant" concluded with Aomori prefecture and Rokkasho village.
April 20 Applied licence for the approval to MOX Fuel Fabrication business.
2006 March 29 "The Agreement regarding the assurance of safety and presentation of the environment of the surrounding area relative to the receiving and the storage of spent fuel and the handling of Spent Fuel for Active Test" concluded with Aomori prefecture and Rokkasho village.
March 31 "The Agreement regarding the assurance of safety and presentation of the environment of the surrounding area relative to the receiving and the storage of spent fuel and the handling of Spent Fuel for Active Test" concluded with the adjoining municipalities of Misawa city, Tohoku town, Higashidori village, Yokohama town and Noheji town.
March 31 The Active Test (the final commissioning test) was started at the Reprocessing Plant.
2010 May 13 Approval was granted on MOX Fuel Fabrication business.
October 28 Construction of the MOX Fuel Fabrication Plant started.