The Tokyo Electric Power Co., Inc. (TEPCO) announced that operating revenues for the
FY 2009 third quarter (from April 1 to December 31, 2009) decreased 14.0% from the
same period of the previous fiscal year to 3,657.5 billion yen (down 13.8% to 3,508.4
billion yen on a non-consolidated basis). Ordinary income was 233.5 billion yen
(189.6 billion yen on a non-consolidated basis). The third quarter net income was
157.7 billion yen (124.0 billion yen on a non-consolidated basis).
Electricity sales in the third quarter were 205.2 billion kWh, which decreased 5.5%
from the same period of the previous fiscal year. The reason is that sales of
specific-scale demand was substantially below the level of the same period of the
previous year due to the decrease in large industrial power sector.
By type of demand, electricity sales for residential use decreased by 1.6% to 66.8
billion kWh, those for low-voltage power decreased by 6.2% to 8.3 billion kWh, and
those for specified-scale demand decreased by 7.3% to 130.1 billion kWh, compared
with the same period of the previous fiscal year, respectively.
On the revenues side, electricity industry sales revenues decreased 13.8% from the
same period of the previous fiscal year to 3,293.0 billion yen due to the decrease
in electricity sales, effects of the fuel cost adjustment system and so on. Operating
revenues, including electricity sales to other companies, etc., decreased 14.0% to
3,657.5 billion yen (down 13.8% to 3,508.4 billion yen on a non-consolidated basis).
Ordinary revenues decreased 13.7% to 3,716.2 billion yen (down 13.8% to 3,537.3
billion yen on a non-consolidated basis).
On the expenses side, ordinary expenses in electric business decreased by 22.7% from
the same period of the previous fiscal year to 3,482.6 billion yen (down 23.0% to
3,347.6 billion yen on a non-consolidated basis) due to the substantial decrease in
fuel costs caused by the decline in crude oil prices, etc.
(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 14.6KB)
Summary of Non-consolidated Financial Results for the Third Quarter of Fiscal year 2009
(Nine Months Ended December 31, 2009) (PDF 12.6KB)
Projections for Fiscal Year 2009 (PDF 7.91KB)
Table of Data on Revenues and Expenses (Non-consolidated Basis) (PDF 30.5KB)
<Reference> Impact of Niigata-Chuetsu-Oki Earthquake on Revenues/Expenses
(Non-consolidated Basis) (PDF 8.45KB)