Plate tectonics was not understood or scientifically described until 65-67. It was not a widely accepted theory until later, at least the 70s. By that point, Fukushima had already been permitted and built.
Without plate tectonics to create the plate shift earthquake which resulted in the tsunami which caused the disaster, the only mechanism to create tsunamis known was underground rockfalls from steep slopes. Afaik the builders of the plant studied the bathymetry around the area, and saw limited risk of tsunamis.
The primitive science of the time ruled out the possibility of a tsunami overcoming a tsunami wall that was X feet tall. So they built a tsunami wall that was X+k feet tall, and called it a day. When later scientific theory showed that larger tsunamis were not just possible, but inevitable, the plant was not retrofitted to deal with the new reality. Oops.