The Tokyo Electric Power Co., Inc. (TEPCO) announced that operating
revenues for the FY 2010 interim (from April 1 to September 30, 2010)
increased 8.5% from the same period of the previous fiscal year to
2,710.7 billion yen (up 8.7% to 2,606.4 billion yen on a non-consolidated
basis). Ordinary income was 201.3 billion yen (179.3 billion yen on a
non-consolidated basis). Due to extraordinary loss of 57.1 billion yen
(56.6 billion yen on a non-consolidated basis) resulting from applying
"Accounting Standards for Asset Retirement Obligations," the second
quarter net income was 92.2 billion yen (80.1 billion yen on a
non-consolidated basis).
Electricity sales in the FY 2010 interim increased 8.9% from the same
period of the previous fiscal year to 150.7 billion kWh due to the
increase in air-conditioning demand caused by the heat wave from June
to September compared with the previous year.
By type of demand, electricity sales for residential use increased by
12.6% to 50.4 billion kWh, those for low-voltage power increased by
12.5% to 6.6 billion kWh, and those for specified-scale demand increased
by 6.8% to 93.7 billion kWh, compared with the same period of the previous
fiscal year, respectively.
On the revenues side, electricity industry sales revenues increased 8.5%
from the same period of the previous fiscal year to 2,446.2 billion yen
due to the increase in electricity sales, and so on. Operating revenues,
including electricity sales to other companies, etc., increased by 8.5%
to 2,710.7 billion yen (up 8.7% to 2,606.4 billion yen on a non-consolidated
basis). Ordinary revenues increased by 8.6% to 2,754.9 billion yen
(up 9.4% to 2,644.2 billion yen on a non-consolidated basis).
On the expenses side, ordinary expenses in electricity business increased
9.4% from the same period of the previous fiscal year to 2,553.5 billion
yen (up 9.9% to 2,464.8 billion yen on a non-consolidated basis) due to
the increase in fuel costs caused by fuel prices hike.
(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 23.3KB)
Summary of Non-Consolidated Financial Results for the First Half of Fiscal Year 2010
(Six Months Ended September 30, 2010) (PDF 12.7KB)
Projections for Fiscal Year 2010 (PDF 7.56KB)
Table of Data on Revenues and Expenses (Non-consolidated Basis) (PDF 28.0KB)