The Tokyo Electric Power Co., Inc. (TEPCO) announced that operating revenues for
the FY 2008 first quarter (from April 1 to June 30, 2008) increased 5.5% from the
same period of the previous fiscal year to 1,319.4 billion yen (up 6.0% to 1,261.2
billion yen on a non-consolidated basis). Ordinary loss was 116.2 billion yen
(134.0 billion yen on a non-consolidated basis). Net loss was 76.2 billion yen
(87.2 billion yen on a non-consolidated basis).
Electricity sales in the first quarter was 68.9 billion kWh, which was the same
level as the same period of the previous fiscal year. The reason was that the
electricity sales in low-voltage power decreased compared with those of the same
period of the previous fiscal year due to the decrease of air conditioning use
caused by the low temperature in June, although the residential use increased
from the same period of the previous fiscal year.
Of the total, electricity sales for residential use increased by 0.6% to 21.3
billion kWh, those for low-voltage power decreased by 6.4% to 2.6 billion kWh,
and those for specified-scale demand increased by 0.1% to 44.9 billion kWh,
compared with the same period of the previous fiscal year, respectively.
On the revenues side, electricity industry sales revenues increased 5.9% from
the same period of the previous fiscal year to 1,185.6 billion yen due to the
increase in the revenues by the fuel cost adjustment system. Operating revenues,
including electricity sales to other companies, etc., increased 5.5% to 1,319.4
billion yen (up 6.0% to 1,261.2 billion yen on a non-consolidated basis). Ordinary
revenues increased 5.6% to 1,340.6 billion yen (up 6.3% to 1,273.4 billion yen on
a non-consolidated basis).
On the expenses side, ordinary expenses in electric business increased by 19.0%
from the same period of the previous fiscal year to 1,456.9 billion yen (up 20.3%
to 1,407.4 billion yen on a non-consolidated basis) due to the substantial increase
in fuel costs 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. Appendices:
Closing Summary(PDF 23.3KB)
Summary of Non-consolidated Financial Results for the First Quarter of Fiscal Year 2008(PDF 15.0KB)
Projection for Fiscal Year 2008(PDF 12.9KB)
Table of Data on Revenues and Expenses(Non-consolidated Basis)(PDF 34.7KB)
Impact of Niigata-Chuetsu-Oki Earthquake on Revenues/Expenses(Non-consolidated Basis)(PDF 12.1KB) |