Nomura says Japan's power dearth will squeeze corporate profits

Newswire

TOKYO, March 25 (Reuters) - A shortfall in electric power could squeeze recurring profit by 5 percent or 1.4 trillion yen ($17 billion) in the business year beginning on April 1 at Japanese corporations on the Nomura 400 companies index, the brokerage said in a report on Friday. "We see a growing risk of prolonged problems with electricity supply at companies covered by Tokyo Electric Power and Tohoku Electric Power ," Japan's biggest securities company said. As much as 45 percent of ...

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