Press Releases 2013

Tokyo Electric Power Co., Inc. (TEPCO) announced that Operating Revenues for the FY2012 increased 11.7% from the previous fiscal year to 5,976.2 billion yen (up 13.0% to 5,769.4 billion yen on a non-consolidated basis). Ordinary Income was -326.9 billion yen (-377.6 billion yen on a non-consolidated basis). Net Income was -685.2 billion yen (-694.3 billion yen on a non-consolidated basis).

Electricity sales increased 0.3% from the previous fiscal year to 269.0 billion kWh as a result of a rebound due to the Great East Japan Earthquake, etc., although the impact from a decrease in production activities.
Per demand type, electricity sales for residential usage decreased by 0.5% to 95.3 billion kWh, low-voltage usage decreased by 2.4% to 10.9 billion kWh, and those for specified-scale demand increased by 1.0% to 162.9 billion kWh, compared with the previous fiscal year.

On the revenue side, electricity sales revenues increased 13.1% from the previous fiscal year to 5,375.4 billion yen due to an increase in the unit price of electricity resulting from the fuel cost adjustments and the rate revision. Operating Revenues including electricity sales to other companies, etc. increased by 11.7% to 5,976.2 billion yen (up 13.0% to 5,769.4 billion yen on a non-consolidated basis). Ordinary Revenues increased by 11.8% to 6,037.8 billion yen (up 12.2% to 5,818.5 billion yen on a non-consolidated basis).

In spite of extensive cost reduction efforts targeting all of TEPCO, on the expense side, Ordinary Expenses increased 9.7% from the previous fiscal year to 6,364.7 billion yen (up 10.8% to 6,196.1 billion yen on a non-consolidated basis) due to increased fuel usage at thermal power stations caused by the stop of all nuclear power stations as well as the increase in fuel costs connected to the depreciation of yen.

Extraordinary Income was 913.9 billion yen (892.3 billion yen on a non-consolidated basis) due to the acceleration in the business streamlining, such as the sales of fixed assets and marketable securities and the revision of the retirement pension plan, and the gain of 696.8 billion yen for the grants-in-aid from the Nuclear Damage Liability Facilitation Fund. Meanwhile, Net Income was -685.2 billion yen (-694.3 billion yen on a non-consolidated basis) due to losses of 40.2 billion yen for the extraordinary loss on disaster and 1,161.9 billion yen for the nuclear damage compensation payments as Extraordinary Losses.

Appendix
·Summary of FY2012 Financial Results(PDF 44.0KB)
·Comparison Table of FY2012 Financial Results (Non-Consolidated)(PDF 35.4KB)
·Projections for Fiscal Year 2013(PDF 28.6KB)
·(Reference 1)Table of Data on Revenues and Expenses (Non-Consolidated Basis)(PDF 50.9KB)
·(Reference 2)Breakdown of Extraordinary Income (Non-Consolidated Basis)(PDF 30.1KB)