The Tokyo Electric Power Co., Inc. (TEPCO) announced that operating revenues in fiscal
year 2008 (from April 1, 2008 to March 31, 2009) increased 7.4% from the previous fiscal
year to 5,887.5 billion yen (5,643.3 billion yen on a non-consolidated basis, up 8.0%).
Ordinary loss was 34.6 billion yen (loss of 90.1 billion yen on a non-consolidated basis).
Due to extraordinary loss of 68.8 billion yen (70.3 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 84.5 billion yen (113.1 billion yen
on a non-consolidated basis).
Electricity sales in the fiscal year decreased 2.8% from the previous fiscal year to
289.0 billion kWh, not only due to decreased demand in large industrial power sector,
but also due to the effect of a warmer winter than in the previous year.
Of the total, electricity sales for residential use decreased by 1.6% to 96.1 billion
kWh, low-voltage power decreased by 6.9% to 11.9 billion kWh, and specified-scale
demand decreased by 3.2% to 181.0 billion kWh, compared with the previous fiscal year,
respectively.
On the revenues side, electricity revenues increased by 7.8% from the previous fiscal
year to 5,295.9 billion yen due to the fuel cost adjustment system. Operating revenues,
including sales to other companies, etc., increased by 7.4% to 5,887.5 billion yen
(up 8.0% to 5,643.3 billion yen on a non-consolidated basis). Ordinary revenues increased by
7.2% to 5,951.0 billion yen (up 7.9% to 5,683.3 billion yen on a non-consolidated basis).
On the expenses side, ordinary expenses in electric business increased by 8.5% from
the previous fiscal year to 5,985.7 billion yen (up 9.2% to 5,773.5 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 and
the price hike of fuel.
(Note)
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 17.0KB)
Summary of Non-consolidated Financial Results for the Fiscal Year 2008(PDF 26.8KB)
Projections for Fiscal Year 2009(PDF 8.57KB)
<Reference 1> Table of Data on Revenues and Expenses (Non-consolidated Basis)(PDF 28.8KB)
<Reference 2> Impact of Niigata-Chuetsu-Oki Earthquake on Revenues/Expenses(Non-consolidated Basis)
(PDF 10.7KB)