Tokyo Electric Power Co. (TEPCO) announced that its operating revenues in
fiscal year 2006 (from April 1, 2006 to March 31, 2007) increased 0.5% from
the previous fiscal year to 5,283.0 billion yen (5,015.0 billion yen on a
non-consolidated basis, up 1.5%). Ordinary income increased 3.4% from the
previous fiscal year to 441.2 billion yen (372.0 billion yen on a
non-consolidated basis, down 6.3%). Net income decreased 3.9% to 298.1
billion yen (262.1 billion yen on a non-consolidated basis, up 0.5%).
Electricity sales in the fiscal year decreased 0.4% from the previous fiscal
year to 287.6 billion kWh because of the decrease of demand for heating
caused by a record mild winter, although the bulk power demand for industrial
use increased from the previous fiscal year.
Of the total, electricity sales for residential use decreased 2.1% to 93.2
billion kWh. Low-voltage power decreased 6.4% to 12.6 billion kWh.
Specified-scale demand increased 1.0% to 181.8 billion kWh.
Among the revenues in fiscal year 2006, electricity industry sales revenues
increased 0.5% from the previous fiscal year to 4,704.6 billion yen, because
of the increase in sales in the bulk power demand for industrial use and
the increase in unit prices influenced by recent high oil price and yen’s
depreciation, in spite of some adverse effect resulting from the rate reduction
introduced in April, 2006. As a result, total operating revenues, including
the revenues from electricity transactions between regions and the sales
of affiliated businesses such as gas supply sales, expanded 0.5% to 5,283.0
billion yen (5,015.0 billion yen on an non-consolidated basis, up 1.5%).
Ordinary revenues increased 0.8% to 5,350.0 billion yen (5,057.9 billion
yen on a non-consolidated basis, up 1.6%).
Among the expenses, although TEPCO made efforts to improve efficiency and
reduce cost of overall operations, including reduction in depreciation expenses
through restrictive equipment investments, ordinary expenses increased 0.6%
from the previous fiscal year to 4,908.7 billion yen (4,685.8 billion yen,
up 2.3%) because of the increase in personnel cost caused by the revision
of employment system for senior employees based on the revision of ‘Law
for the stabilization of senior workers employment’, in addition to the
increase in back-end costs for the nuclear power generation and the increase
in fuel costs.
Appendices
Summary of Financial Results for Fiscal Year 2006 (Ended March 31, 2007)
Comparison of Revenues and Expenses (Non-Consolidated)
Projections for Fiscal Year 2007
Table of Data on Revenues and Expenses (Non-consolidated Basis)
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