Tokyo Electric Power Co., Inc. (TEPCO) announced that operating revenues for the FY2012 first quarter increased 15.6% from the same period of the previous fiscal year to 1,309.7 billion yen (up 16.4% to 1,254.5 billion yen on a non-consolidated basis). Ordinary losses were 124.2 billion yen (134.1 billion yen on a non-consolidated basis).
Electricity sales increased 3.7% over the same period of the previous fiscal year to 62.4 billion kWh as a result of a rebound due to the impact of the Great East Japan Earthquake last year, etc.
Per demand type, electricity sales for residential usage increased by 1.3% to 20.8 billion kWh, low-voltage users increased by 0.8% to 2.4 billion kWh, and those for specified-scale demand increased by 5.2% to 39.3 billion kWh, compared with the previous fiscal year.
On the revenue side, electricity sales revenues increased 16.6% from the previous fiscal year to 1,173.7 billion yen due to an increase in the unit price of electricity resulting from such factors as Fuel Cost Adjustments and an increase in electricity sales. Operating revenues including electricity sales to other companies, etc. increased by 15.6% to 1,309.7 billion yen (up 16.4% to 1,254.5 billion yen on a non-consolidated basis). Ordinary revenues increased by 15.2% to 1,334.7 billion yen (up 16.1% to 1,280.7 billion yen on a non-consolidated basis).
On the expense side, ordinary expenses increased 19.4% from the previous fiscal year to 1,459.0 billion yen (up 20.5% to 1,414.9 billion yen on a non-consolidated basis) due to the increase in fuel costs for thermal power stations due to the stop of all nuclear power stations and fuel price hikes.
The net income in the first quarter was -288.3 billion yen (-285.5 billion yen on a non-consolidated basis) due to the estimated allocation of 161.0 billion yen for the Nuclear Damage Compensation payments, which was the amount reasonably estimated for compensation.
Summary of FY2012 1st Quarter Financial Results (PDF 24.5KB)
Comparison Table of FY2012 1st Quarter Financial Results (Non-Consolidated) (PDF 15.2KB)
Projections for Fiscal Year 2012 (PDF 13.6KB)
<Reference 1> Table of Data on Revenues and Expenses (Non-Consolidated Basis) (PDF 13.5KB)
<Reference 2> Breakdown of Extraordinary Income (Non-Consolidated Basis) (PDF 10.5KB)