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Corporate Information

 
Press Release (Jan 31,2011)
FY 2010 Third Quarter Financial Results (April 1 through December 31, 2010)
The Tokyo Electric Power Co., Inc. (TEPCO) announced that operating 
revenues for the FY 2010 third quarter (from April 1 to December 31, 2010) 
increased 8.3% from the same period of the previous fiscal year to 
3,959.9 billion yen (up 8.5% to 3,805.7 billion yen on a non-consolidated 
basis). Ordinary income was 278.6 billion yen (238.0 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 third quarter 
net income was 139.8 billion yen (116.0 billion yen on a non-consolidated 
basis).

Electricity sales in the third quarter increased 6.6% from the same period 
of the previous fiscal year to 218.7 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 9.3% 
to 73.0 billion kWh, those for low-voltage power increased by 9.2% to 9.1 
billion kWh, and those for specified-scale demand increased by 5.0% to 
136.7 billion kWh, compared with the same period of the previous fiscal 
year, respectively.

On the revenues side, electricity industry sales revenues increased 8.2% 
from the same period of the previous fiscal year to 3,562.4 billion yen 
due to the increase in electricity sales, and so on. Operating revenues, 
including electricity sales to other companies, etc., increased by 8.3% 
to 3,959.9 billion yen (up 8.5% to 3,805.7 billion yen on a non-consolidated 
basis). Ordinary revenues increased by 8.3% to 4,025.7 billion yen (up 
9.0% to 3,855.2 billion yen on a non-consolidated basis).

On the expenses side, ordinary expenses in electricity business increased 
7.6% from the same period of the previous fiscal year to 3,747.1 billion 
yen (up 8.0% to 3,617.1 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 14.3KB)
Summary of Non-Consolidated Financial Results for the Third Quater of Fiscal Year 2010
                                       (Nine Months Ended December 31, 2010) (PDF 12.7KB)
Projections for Fiscal Year 2010 (PDF 7.65KB)
Table of Data on Revenues and Expenses (Non-consolidated Basis) (PDF 30.0KB)
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