The Tokyo Electric Power Co., Inc. (TEPCO) announced that the operating revenues for
the FY 2008 third quarter (from April 1 to December 31, 2008) increased 7.0% from
the same term of the previous year to 4,251.2 billion yen (non-consolidated figure
increased 7.3% to 4,069.8 billion yen). The ordinary income was -199.0 billion yen
(non-consolidated figure was -244.8 billion yen). The third quarter net income was
-137.7 billion yen (non-consolidated figure was -164.8 billion yen).
Our total electricity sales was 217.2 billion kWh, which decreased 0.7% from the same
period of the previous fiscal year. The reason is that the sales of specific-scale
demand was below the level of the same term of previous year due to the decrease in
large industrial power sector.
By type of demand, electricity sales for residential use decreased 0.1% from the same
term of the previous year to 67.9 billion kWh, low-voltage power in the non-liberalized
sector decreased 5.6% from the same term of the previous year to 8.8 billion kWh, and
electricity sales to specific-scale demand decreased 0.7% from the same term of the
previous year to 140.4 billion kWh.
On the revenue side, the electricity revenues increased 6.9% from the same term of
the previous year to 3,820.0 billion yen due to the increase in electricity sales
caused by the fuel cost adjustment system. The operating revenues increased 7.0% from
the same term of the previous year to 4,251.2 billion yen (non-consolidated figure
increased 7.3% from the same term of the previous year to 4,069.8 billion yen) after
adding intercompany power sales and sales of power to other companies. The ordinary
revenues increased 7.2% from the same term of the previous year to 4,306.2 billion
yen (non-consolidated figure increased 7.5% from the same term of the previous year
to 4,101.3 billion yen).
The ordinary expenses increased 16.7% from the same term of the previous year to
4,505.2 billion yen (non-consolidated figure increased 17.2% from the same term of
the previous year to 4,346.1 billion yen) due to the substantial increase in fuel
cost and electricity purchase expenses caused by fuel price spike in addition to 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 36.0KB)
Summary of Non-consolidated Financial Results for the First Quarter of Fiscal Year 2008 (PDF 36.1KB)
Projection for Fiscal Year 2008 (PDF 11.4KB)
Projection and Table of Data on Revenues and Expenses (PDF 31.5KB)
Impact of Earthquake on Revenues/Expenses (PDF 32.9KB)