The Tokyo Electric Power Co., Inc. (TEPCO) announced that operating revenues in fiscal
year 2007 (from April 1, 2007 to March 31, 2008) increased 3.7% from the previous fiscal
year to 5,479.3 billion yen (5,224.3 billion yen on a non-consolidated basis, up 4.2%).
Ordinary income decreased 92.5% from the previous fiscal year to 33.1 billion yen (loss
of 22.0 billion yen on a non-consolidated basis). Due to extraordinary loss of 269.2
billion yen (267.1 billion yen on a non-consolidated basis) resulting from inspection
and restoration costs of the Kashiwazaki-Kariwa Nuclear Power Station hit by the
Niigata-Chuetsu-Oki Earthquake, net loss was 150.1 billion yen (177.6 billion yen on
a non-consolidated basis).
Electricity sales in the fiscal year increased 3.4% from the previous fiscal year to
297.4 billion kWh, not only due to increased air-conditioning demand in residential
use by the effect of a hotter summer and a colder winter than in the previous year,
but also due to increased demand in large industrial power sector.
Of the total, electricity sales for residential use increased by 4.7% to 97.6 billion
kWh, low-voltage power increased by 1.2% to 12.8 billion kWh, and specified-scale
demand increased by 2.9% to 187.0 billion kWh, compared with the previous fiscal year,
respectively.
On the revenues side, electricity revenues increased by 4.5% from the previous fiscal
year to 4,914.7 billion yen due to the increase in electricity sales and so on.
Operating revenues, including sales to other companies, etc., increased by 3.7% to
5,479.3 billion yen (up 4.2% to 5,224.3 billion yen on a non-consolidated basis).
Ordinary revenues increased by 3.7% to 5,549.1 billion yen (up 4.1% to 5,265.8 billion
yen on a non-consolidated basis).
On the expenses side, in spite of the decrease in personnel expenditure caused by
reexamining the corporate pension plan, ordinary expenses in electric business
increased by 12.4% from the previous fiscal year to 5,516.0 billion yen (up 12.8%
to 5,287.8 billion yen on a non-consolidated basis) due to substantial increase in fuel
cost and electricity purchase expenses caused by the shutdown of the Kashiwazaki-Kariwa
Nuclear Power Station.
Please note that this purports to be an accurate and complete translation of the original
Japanese version prepared for the convenience of our English-speaking audience.
However, in the case of any discrepancy between the translation and the Japanese original,
the latter shall prevail. Appendix: Closing Summary(PDF 83.4KB)
Summary of Non-consolidated Financial Results for the Fiscal Year 2007(PDF 91.7KB)
Projection for Fiscal Year 2008(PDF 59.7KB)
Table of Data on Revenues and Expenses(Non-consolidated Basis)(PDF 31.3KB)
Impact of Niigata-Chuetsu-Oki Earthquake on Revenues /Expenses(Non-consolidated
Basis) (PDF 88.4KB) |