• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Fukushima meltdown

4 former executives blamed for Fukushima nuclear disaster and ordered to pay $97 billion to shareholders

Sophie Mellor
By
Sophie Mellor
Sophie Mellor
Down Arrow Button Icon
Sophie Mellor
By
Sophie Mellor
Sophie Mellor
Down Arrow Button Icon
July 14, 2022, 8:31 AM ET
Japanese Fukushima Disaster
After more than 11 years since the Fukushima nuclear meltdown, four former heads of Tokyo Electric Power Co. have been ordered to pay $97 billion for the damages caused by the disaster.Philip Fong—AFP/Getty Images

Four former heads of Japanese utility Tokyo Electric Power Co. have been ordered to pay 13.32 trillion yen ($97 billion) for the damages caused by the Mar. 11, 2011, Fukushima nuclear power plant meltdown, as the country continues to struggle to deal with the aftermath of the disaster.

In the first case to lead to a verdict against TEPCO executives, presiding judge Yoshihide Asakura found that the leaders of the company at the time had failed to properly prepare for a tsunami-related accident.

The civil lawsuit, brought on by 48 TEPCO shareholders, claimed the three reactor meltdowns could have been avoided if measures had been taken to prevent flooding in the plant’s main buildings and critical equipment rooms.

The eye-popping $97 billion verdict is the largest ever awarded by a court for a civil lawsuit, according to the Japan Times.

11 years on

The aftermath of the nuclear disaster can still be felt in Japan and the rest of the world more than 11 years later. Scientists continue working to decommission and decontaminate the plant, which still has more than 1.24 million tonnes of water contaminated with radioactivity on-site. TEPCO has recently been campaigning to dump the water into the surrounding ocean—a plan met with pushback from environmentalists and the local fishing industry.

Many residents are also still not able to return to their homes near the site. Of the 154,000 people who were evacuated after the nuclear meltdown, 37,000 were still unable to return home due to the risk of radiation as of 2021.

A spokesperson for TEPCO told Fortune, “We deeply apologize for the immense burden and deep concern the accident at the Fukushima Daiichi Nuclear Power Station of TEPCO Holdings, Inc. is causing local residents and society at large.”

The spokesperson declined to comment on the litigation against TEPCO.

The lawsuit

The civil lawsuit was initially filed against five former TEPCO officials—including former chair Tsunehisa Katsumata and former president Masataka Shimizu—and centered on whether senior TEPCO management could have predicted a serious nuclear accident hitting the facility after a powerful tsunami. The court found one of the five executives not responsible in the civil suit: Akio Komori, a former managing executive officer and director of the Fukushima plant.

The plaintiffs charged the TEPCO executives with ignoring recommendations to take stronger tsunami protection measures and initially sought 22 trillion yen ($158 billion) in compensation to completely neutralize the site. The plaintiffs sought 8 trillion yen to decommission the plant completely, another 6 trillion to decontaminate the site and build interim nuclear waste storage, and 8 trillion for victim compensation.

In the case, the executives argued that the data presented to them in a long-term government assessment of possible tsunami damage published in 2002 was unreliable, and they could not have foreseen the massive tsunami that triggered the disaster.

The Tōhoku earthquake and tsunami ended up being the most powerful earthquake ever recorded in Japan and the fourth most powerful in the world, and would eventually claim 19,747 deaths, with 2,556 people still missing as of 2021.

Even if it was possible to predict the damage, the defendants argued, they didn’t have the time to take the needed countermeasures.

In the end, the judge ruled in favor of the prosecution, saying the company’s countermeasures against the tsunami “fundamentally lacked safety awareness and a sense of responsibility.” According to Kyodo News Agency, the defendants will be expected to pay as much as their assets allow.  

Criminal complaint

This is not the first lawsuit brought against the TEPCO executives. The same prosecutors filed a criminal lawsuit against three of the five defendants—Katsumata, former vice president Ichiro Takekuro, and vice president Sakae Muto—in the Tokyo District Court of criminal responsibility. The prosecutors at the time sought a five-year prison term for each executive.

The three executives were found not guilty of professional negligence, as they could not have foreseen the huge tsunami, and cleared by the court in the 2019 ruling. Prosecutors have since appealed the decision; a ruling is expected in early 2023.

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.
About the Author
Sophie Mellor
By Sophie Mellor
LinkedIn iconTwitter icon
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Trump says a ‘final proposal’ for a taxpayer-funded takeover of Spirit Airlines is under consideration
PoliticsAirline industry
Trump says a ‘final proposal’ for a taxpayer-funded takeover of Spirit Airlines is under consideration
By Michelle L. Price, Rio Yamat and The Associated PressMay 1, 2026
7 hours ago
U.S. to withdraw 5,000 troops from Germany as Trump feuds with Merz over the Iran war
EuropeGermany
U.S. to withdraw 5,000 troops from Germany as Trump feuds with Merz over the Iran war
By Ben Finley and The Associated PressMay 1, 2026
7 hours ago
EBay soars on report that GameStop is preparing a takeover bid
Investingecommerce
EBay soars on report that GameStop is preparing a takeover bid
By Spencer Soper, Cecilia D'Anastasio and BloombergMay 1, 2026
8 hours ago
ExxonMobil CEO Darren Woods, far right, listens as U.S. President Donald Trump,left, speaks during a meeting with oil company executives in the East Room of the White House on Jan. 9. President Trump is aiming to convince oil executives to support his plans in Venezuela, a country whose energy resources he says he expects to control for years to come. US forces seized Venezuelan president Nicolas Maduro in a sweeping military operation on January 3, with Trump making no secret that control of Venezuela's oil was at the heart of his actions.
EnergyIran
Exxon Mobil CEO sees ‘more to come’ on price spikes from Iran war as Exxon, Chevron beat on earnings despite plunging profits
By Jordan BlumMay 1, 2026
9 hours ago
trump
PoliticsIran
Trump on Iran: ‘They want to make a deal, I’m not satisfied with it, so we’ll see what happens’
By Toqa Ezzidin, Munir Ahmed, Collin Binkley and The Associated PressMay 1, 2026
11 hours ago
infantino
North AmericaWorld Cup
Fifa’s Infantino predicted sellouts and ‘1,000 years of World Cups at once,’ but fans aren’t biting
By James Robson and The Associated PressMay 1, 2026
11 hours ago

Most Popular

Scott Bessent on financial literacy: 'it drives me crazy' to see young men in blue-collar construction jobs playing the lottery
Personal Finance
Scott Bessent on financial literacy: 'it drives me crazy' to see young men in blue-collar construction jobs playing the lottery
By Fatima Hussein and The Associated PressMay 1, 2026
17 hours ago
China dominates the world's lithium supply. The U.S. just found 328 years' worth in its own backyard
North America
China dominates the world's lithium supply. The U.S. just found 328 years' worth in its own backyard
By Jake AngeloApril 30, 2026
1 day ago
The U.S. economy is booming — just not where 50 million Americans live
Commentary
The U.S. economy is booming — just not where 50 million Americans live
By Derek KilmerMay 1, 2026
21 hours ago
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
Success
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
By Preston ForeApril 27, 2026
5 days ago
Accenture's Julie Sweet blew up 50 years of company history. She says the hardest part is still ahead
Conferences
Accenture's Julie Sweet blew up 50 years of company history. She says the hardest part is still ahead
By Nick LichtenbergApril 29, 2026
3 days ago
Current price of oil as of May 1, 2026
Personal Finance
Current price of oil as of May 1, 2026
By Joseph HostetlerMay 1, 2026
17 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.