Press Releases 2013

Tokyo Electric Power Co., Inc. (TEPCO) announced that Operating Revenues for the FY2013 first quarter increased 9.8% from the same period of the previous fiscal year to 1,437.7 billion yen (up 11.1% to 1,393.8 billion yen on a non-consolidated basis). Ordinary Losses were 29.4 billion yen (41.6 billion yen on a non-consolidated basis).

Electricity Sales decreased 3.2% over the same period of the previous fiscal year to 60.4 billion kWh, as a result of a decrease in heating demand due to higher temperatures during March through April and the impact from a decrease in production activities, etc.
Per demand type, Electricity Sales for Residential Usage decreased 5.7% to 19.6 billion kWh, those for Low-Voltage Users decreased 6.1% to 2.2 billion kWh, and those for Specified-Scale Demand decreased 1.7% to 38.6 billion kWh, compared with the same period of the previous fiscal year.

On the revenue side, Electricity Sales Revenues increased 9.1% from the same period of the previous fiscal year to 1,281.0 billion yen due to an increase in the unit price of electricity resulting from last year's electricity rate revision, etc. Operating Revenues including electricity sales to other companies, etc. increased 9.8% to 1,437.7 billion yen (up 11.1% to 1,393.8 billion yen on a non-consolidated basis). Ordinary Revenues increased 9.8% to 1,465.8 billion yen (up 10.7% to 1,417.2 billion yen on a non-consolidated basis).

On the expense side, in spite of extensive cost reduction efforts targeting all of TEPCO, Ordinary Expenses increased 2.5% from the same period of the previous fiscal year to 1,495.3 billion yen (up 3.1% to 1,458.9 billion yen on a non-consolidated basis), due to increased fuel usage at thermal power stations caused by the suspension of all nuclear power stations as well as the increase in fuel costs caused by factors such as the large depreciation of the yen.

Net Income in the first quarter was 437.9 billion yen (430.8 billion yen on a non-consolidated basis) due to the Grants-in-aid from the Nuclear Damage Compensation Facilitation Corporation of 666.2 billion yen as Extraordinary Income, and the Extraordinary Loss on Disaster of 10.0 billion yen and Nuclear Damage Compensation of 183.6 billion yen as Extraordinary Losses.


Appendices:
Summary of FY2013 1st Quarter Financial Results (PDF 48.1KB)
Comparison Table of FY2013 1st Quarter Financial Results (Non-Consolidated) (PDF 39.8KB)
Projections for Fiscal Year 2013 (PDF 35.4KB)
<Reference 1> Table of Data on Revenues and Expenses (Non-Consolidated Basis) (PDF 55.4KB)
<Reference 2> Breakdown of Extraordinary Income (Non-Consolidated Basis) (PDF 35.3KB)
<Reference 3> Revenues and Expenses of In-house Companies (Non-Consolidated) (PDF 91.7KB)