More stable profits thanks to ongoing government support of business operations, stability in low fuel prices, and continued cost reductions Continued benefits from a virtually vertically integrated business model and pricing formula under a supportive regulatory framework for the moment Unlikely rapid loss of virtual monopoly in the greater Tokyo metropolitan area's electricity market (company's sales comprise roughly a third of the national market) and its strong business and customer bases Uncertainty about improvement and sustainability of profitability because a restart of its Kashiwazaki-Kariwa nuclear power plant is not yet in sight and costs of the crisis at its Fukushima No. 1 nuclear power plant continue to accrue Exposure to contingent and off-balance-sheet liabilities plus sizable litigation risk related to
