Tokyo Electric Power Co., Inc. (TEPCO) announced that Operating Revenues for the FY2012 third quarter increased 14.0% from the same period of the previous fiscal year to 4,334.2 billion yen (up 15.4% to 4,183.3 billion yen on a non-consolidated basis). Ordinary Income was -195.0 billion yen (-229.4 billion yen on a non-consolidated basis).
Electricity sales increased 2.4% over the same period of the previous fiscal year to 197.6 billion kWh as a result of a rebound due to the impact of the Great East Japan Earthquake two years ago, etc.
Per demand type, electricity sales for residential usage increased by 1.9% to 66.3 billion kWh, low-voltage users increased by 0.2% to 8.0 billion kWh, and those for specified-scale demand increased by 2.8% to 123.3 billion kWh, compared with the previous fiscal year.
On the revenue side, electricity sales revenues increased 15.9% from the same period of the previous fiscal year to 3,906.0 billion yen due to an increase in the unit price of electricity resulting from the fuel cost adjustments, an increase in electricity sales, and the rate revision. Operating Revenues including electricity sales to other companies, etc. increased by 14.0% to 4,334.2 billion yen (up 15.4% to 4,183.3 billion yen on a non-consolidated basis). Ordinary Revenues increased by 13.6% to 4,382.8 billion yen (up 14.9% to 4,216.1 billion yen on a non-consolidated basis).
On the expense side, Ordinary Expenses increased 12.3% from the previous fiscal year to 4,577.9 billion yen (up 13.2% to 4,445.5 billion yen on a non-consolidated basis) due to the increase in fuel costs for thermal power stations caused by the stop of all nuclear power stations and fuel price hikes.
Extraordinary Income was 855.0 billion yen (858.2 billion yen on a non-consolidated basis) due to the acceleration in the management streamlining, such as the sales of fixed assets and marketable securities and the revision of the retirement pension plan, and the gain of 696.8 billion yen for the grants-in-aid from the Nuclear Damage Liability Facilitation Fund. Meanwhile, Net Income in the third quarter was -2.2 billion yen (-14.9 billion yen on a non-consolidated basis) due to losses of 25.2 billion yen for the extraordinary loss on disaster and 628.1 billion yen for the nuclear damage compensation payments as Extraordinary Losses.
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