The Tokyo Electric Power Co., Inc. (TEPCO) announced that operating revenues
for the FY2011 interim (from April 1 to September 30, 2011) decreased 7.7%
from the same period of the previous fiscal year to 2,502.7 billion yen
(down 8.3% to 2,389.1 billion yen on a non-consolidated basis). Ordinary
loss was 105.7 billion yen (130.4 billion yen on a non-consolidated basis).
Extraordinary gains were 568.1 billion yen (568.0 billion yen on a non-
consolidated basis), due to Grants-in-aid from Nuclear Damage Compensation
Facilitation Corporation totaling 543.6 billion yen.
Extraordinary losses were 1,075.9 billion yen (1,075.6 billion yen on a non-
consolidated basis), due to costs and losses of 185.0 billion yen (184.6
billion yen on a non-consolidated basis) resulting from restoration costs,
etc. of the properties damaged by the Tohoku-Chihou-Taiheiyou-Oki
Earthquake, and nuclear damage compensation of 890.9 billion yen which is
calculated by subtracting the governmental indemnity expected to be paid
according to Indemnity Agreement for Nuclear Damage Compensation of 120.0
billion yen from the reasonably estimated nuclear damage compensation of
1,010.9 billion yen.
Therefore, net losses were 627.2 billion yen (638.4 billion yen on non-
Electricity sales decreased 13.6% from the same period of the previous
fiscal year to 130.2 billion kWh as a result of a decrease of all types of
electricity usage compared to the previous year due to customer cooperation
in helping us save electricity, a decline in production activities and
decreased air-conditioner demand due to relatively low temperatures this
Per demand type, the electricity sales for residential usage decreased by
12.5% to 44.1 billion kWh, low-voltage users decreased by 14.2% to 5.7
billion kWh, and those for specified-scale demand decreased by 14.2% to
80.4 billion kWh, compared with the previous fiscal year, respectively.
On the revenue side, electricity industry sales revenues decreased 8.9%
from the same period of the previous fiscal year to 2,227.3 billion yen
due to such factors as a decrease in electricity sales. Operating revenues,
including electricity sales to other companies, etc., decreased by 7.7% to
2,502.7 billion yen (down 8.3% to 2,389.1 billion yen on a non-consolidated
basis). Ordinary revenues decreased by 7.4% to 2,550.0 billion yen (down
8.1% to 2,430.1 billion yen on a non-consolidated basis).
On the expense side, ordinary expenses in the electricity business
increased 4.0% from the previous fiscal year to 2,655.8 billion yen (up
3.9% to 2,560.5 billion yen on a non-consolidated basis) due to the
increase in fuel costs caused by fuel price hikes.
This English translation has been prepared with the intention of creating
an accurate and complete reflection of the original Japanese version for
the convenience of our English-speaking audience. However, if there are any
discrepancies between the translation and the original, the latter shall
Summary of FY2011 Interim Financial Results (PDF 23.7KB)
Comparison Table of FY2011 Interim Financial Results (PDF 14.7KB)
Projections for Fiscal Year 2011 (PDF 10.7KB)
<Reference 1> Table of Data on Revenues and Expenses (Non-Consolidated Basis)
<Reference 2> Breakdown of Extraordinary Income (Non-Consolidated Basis)
<Reference 3> Breakdown of Extraordinary Loss (Non-Consolidated Basis)