The Tokyo Electric Power Co., Inc. (TEPCO) announced that operating revenues for the FY2011 (from April 1, 2011 to March 31, 2012) decreased 0.4% from the previous fiscal year to 5,349.4 billion yen (down 0.7% to 5,107.7 billion yen on a non-consolidated basis). Ordinary loss was 400.4 billion yen (408.3 billion yen on a non-consolidated basis). Net loss was 781.6 billion yen (758.4 billion yen on a non-consolidated basis).

Electricity sales decreased 8.6% from the previous fiscal year to 268.2 billion kWh as a result of a decrease of all types of electricity usage compared to the previous year due to customer cooperation in helping us save electricity and a decline in production activities.
Per demand type, the electricity sales for residential usage decreased by 7.4% to 95.8 billion kWh, low-voltage users decreased by 8.3% to 11.2 billion kWh, and those for specified-scale demand decreased by 9.3% to 161.3 billion kWh, compared with the previous fiscal year, respectively.

On the revenue side, electricity sales revenues decreased 0.9% from the previous fiscal year to 4,754.0 billion yen due to a decrease in electricity sales despite an increase in the unit price of electricity resulting from factors such as Fuel Cost Adjustments. Operating revenues, including electricity sales to other companies, etc., decreased by 0.4% to 5,349.4 billion yen (down 0.7% to 5,107.7 billion yen on a non-consolidated basis). Ordinary revenues decreased by 0.8% to 5,401.5 billion yen (down 0.4% to 5,184.3 billion yen on a non-consolidated basis).

On the expense side, ordinary expenses increased 13.2% from the previous fiscal year to 5,802.0 billion yen (up 13.4% to 5,592.7 billion yen on a non-consolidated basis) due to an increase in fuel costs caused by a decrease in power normally supplied from nuclear power stations, in spite of our efforts to cut down expenses such as reducing personnel expenses by cutting earnings and bonuses and reducing repair expenses by cutting procurement expenses of materials and services.

Extraordinary income was 2,516.8 billion yen (2,517.4 billion yen on a non-consolidated basis), due to Grants-in-aid from the Nuclear Damage Compensation Facilitation Corporation concerning the accident at Fukushima Daiichi Nuclear Power Plant of 2,426.2 billion yen and gains on the sales of fixed assets and marketable securities of 41.6 billion yen (41.1 billion yen on a non-consolidated basis) and 49.0 billion yen (50.0 billion yen on a non-consolidated basis) respectively, resulting from the selling off of assets.

Extraordinary losses were 2,867.8 billion yen (2,865.1 billion yen on a non-consolidated basis), comprised of expenses and losses of 297.8 billion yen (297.4 billion yen on a non-consolidated basis) resulting from restoration costs, etc. of the properties damaged by the Tohoku-Chihou-Taiheiyou-Oki Earthquake, nuclear damage compensation of 2,524.9 billion yen, and losses due to the sale of marketable securities of 45.1 billion yen (42.7 billion yen on a non-consolidated basis).

Summary of FY2011 Financial Results (PDF 26.1KB)
Comparison Table of FY2011 Financial Results (PDF 15.9KB)
Projections for Fiscal Year 2012 (PDF 11.2KB)
Table of Data on Revenues and Expenses (Non-Consolidated Basis) (PDF 11.6KB)
Breakdown of Extraordinary Income (Non-Consolidated Basis) (PDF 15.5KB)
Implementation status of management streamlining in FY 2011(PDF 13.5KB)