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Corporate Information

 
Press Release (Sep 25,2012)
Dispatch of Application Forms for Compensation for Business Damages to Sole Proprietors and Business Entities

We sincerely apologize to all residents living in the vicinity of our power stations and the general public for the tremendous inconvenience and anxiety that arose due to the accident at Fukushima Daiichi and Daini Nuclear Power Stations (hereafter the "Accident").

On this occasion, we would like to report that the application forms for compensation due to business damages shall be sent to all sole proprietors and business entities engaging in all or part of any business within any of the Designated Evacuation Zones *1 (including cases where business was carried out but is now suspended; the same shall apply hereinafter). These application forms are sent in accordance with the press release titled "Implementation of Compensation Associated with the Review of the Evacuation Order Areas" and was announced on July 24, 2012.

1. Review of Claims from Sole Proprietors and Business Entities

(1) Introduction of a Comprehensive Claim Method

An application form for compensation for business damages incurred since July 1, 2012 is now available (as announced on July 24, 2012). Compensation for business damages shall be paid in one lump sum (hereinafter "Comprehensive Claim Method"). The specific procedures are as follows:

· Eligible Sole Proprietors and Business Entities

Eligible applicants shall include those sole proprietors and small and medium-sized business entities (including small and medium-sized public-service corporations; the same shall apply hereinafter) *2 engaging in any business other than agriculture or fishery, and that started up such business before the date the government issued evacuation instructions, etc. and are currently engaged in all or part of their business operations in any Designated Evacuation Zone.

Those sole proprietors and small and medium-sized business entities that have not submitted a claim for compensation for business damages no later than June 30, 2012 are requested to use the conventional compensation application forms, which must be submitted no later than June 30, 2012.

* Any individuals unwilling to elect the Comprehensive Claim Method, and any business entities not eligible for the Comprehensive Claim Method are requested to use the conventional compensation application forms for damages.

· Amount Payable

Depending on the region where any business is performed, compensation for lost profits shall be paid to eligible applicants in an amount determined for the remainder of the applicable compensation period as shown in the table below, excluding the amount payable for the period during which compensation claims have already been filed since July 1, 2012. In addition, the handling of "special effort" as described hereinafter in Section (2) shall apply when calculating the amount of lost profits that may be incurred at any time during the applicable compensation period.

In addition, if any business is resumed at the former principal place of business and any damage is incurred due to harmful rumors at any time after any of the above-listed periods, we shall properly compensate for the same.

Furthermore, for those who may be forced to suspend business at any time after the applicable compensation period, the award of compensation for damage shall be determined after examination of the specific circumstances under which the business was suspended.

· Method of Filing a Claim for Additional Expenses

A claim for any inspection or additional expenses forcibly incurred, at any time before a claim for compensation is filed by an applicant who elects the Comprehensive Claim Method, may be made on an application form for additional expenses, which is enclosed in the application forms for the Comprehensive Claim Method.

(2) Method of Calculating Business Damage (application of "special effort")

As for business damages incurred by sole proprietors or small and medium-sized business entities engaging in all or part of any business within any Designated Evacuation Zone, "special effort" (as announced on June 29, 2012) shall be applicable during the applicable compensation period after March 1, 2012. The amount of lost profits shall be calculated without deducting the revenues actually earned.

Furthermore, a business operator who designates the term "special effort" as applicable to an early period after the occurrence of the Accident may designate the period from March to August 2011 as one of "special effort" in place of the last six months of the applicable compensation period as shown above in the Table in Section (1).

(3) Review of Types of Application Forms

As for compensation claims filed to date, we did not categorize all business damages that may be incurred at any business establishment located within any Designated Evacuation Zone. As for compensation claims to be filed in future, the application form shall be changed to a type in which the amount of damages incurred is calculated based on any designated area. This is because the applicable compensation periods differ, as shown above in the Table in Section (1), depending on the area in which the business is performed. In addition, upon dispatch of application forms, we shall inform all eligible applicants of an area-specific percentage calculated when filing the previous claim for compensation.

2. Dispatch and Acceptance of Application Forms

Application forms for the Comprehensive Claim Method shall be sent sequentially from September 28, 2012 to those sole proprietors and small and medium-sized business entities eligible for the Comprehensive Claim Method. The acceptance of these application forms shall start from October 3, 2012.

In addition, those wishing to use the conventional types of application forms, or those who have changed their mailing address are kindly requested to contact the Fukushima Nuclear Compensation Consultation Room (Call Center) as indicated at the end of this page.

*1 Designated Evacuation Zone: Any area where government instructions for evacuation, etc. have been given as listed in "Clause 3. Damages Arising from the Government Instructions for Evacuation, etc." of the "Interim Guidelines for Determining the Scope of Nuclear Damages due to the Accident at TEPCO Fukushima Daiichi and Daini Nuclear Power Stations."

*2 Small and medium-sized business entity: Any business entity for which the capital amount or amount of capital contributions is smaller than 100,000,000 yen shall become subject to "special effort," excluding ordinary corporations completely controlled by business entities or mutual companies for which the amount of capital or capital contributions exceeds 500,000,000 yen. Moreover, public-service corporations for which the income from business activities during a base year exceeds 300,000,000 yen shall not be eligible to apply for the Comprehensive Claim Method and "special effort."

*3 Evacuation Order Area: Any area treated as an "evacuation order area" as defined in the "Second Supplement to the Interim Guidelines for Determining the Scope of Nuclear Damages due to the Accident at TEPCO Fukushima Daiichi and Daini Nuclear Power Stations."

*4 The specified part of Minami-Soma City: Any area treated as "one where the local government requested the temporary evacuation of residents" as defined in the "Interim Guidelines for Determining the Scope of Nuclear Damages due to the Accident at TEPCO Fukushima Daiichi and Daini Nuclear Power Stations."

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<For Inquiries Concerning Compensation for Damages Caused by the Nuclear Accident>
Fukushima Nuclear Compensation Consultation Room (Call Center)
Telephone: 0120-926-404
Office Hours: 9:00 a.m. - 9:00 p.m.
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