Press Releases 2013

Tokyo Electric Power Co., Inc. (TEPCO) announced that Operating Revenues for the FY2013 interim increased 11.8% from the same period of the previous fiscal year to 3,216.1 billion yen (up 12.8% to 3,126.5 billion yen on a non-consolidated basis). Ordinary Income was 141.6 billion yen (112.0 billion yen on a non-consolidated basis).

Electricity Sales decreased 1.3% over the same period of the previous fiscal year to 131.7 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 1.4% to 43.4 billion kWh, those for Low-Voltage Users decreased 3.7% to 5.4 billion kWh, and those for Specified-Scale Demand decreased 1.0% to 82.8 billion kWh, compared with the same period of the previous fiscal year.

On the revenue side, Electricity Sales Revenues increased 11.2% from the same period of the previous fiscal year to 2,883.3 billion yen due to an increase in the unit price of electricity resulting from last year's electricity rate revision and the fuel cost adjustments, etc. Operating Revenues including electricity sales to other companies, etc. increased 11.8% to 3,216.1 billion yen (up 12.8% to 3,126.5 billion yen on a non-consolidated basis). Ordinary Revenues increased 11.8% to 3,255.2 billion yen (up 12.6% to 3,152.4 billion yen on a non-consolidated basis).

On the expense side, in spite of extensive cost reduction efforts targeting all of TEPCO such as reduction of personnel expenses and urgent postponement of repair works, Ordinary Expenses increased 1.2% from the same period of the previous fiscal year to 3,113.5 billion yen (up 1.7% to 3,040.3 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 616.1 billion yen (593.1 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 and the Gain on Sales of Noncurrent Assets of 74.2 billion yen (72.0 billion yen on a non-consolidated basis) as Extraordinary Income, and the Extraordinary Loss on Disaster of 22.0 billion yen and Nuclear Damage Compensation of 230.5 billion yen as Extraordinary Losses.

Appendices
Summary of FY2013 Interim Financial Results (PDF 46.8KB)
Comparison Table of FY2013 Interim Financial Results (Non-Consolidated) (PDF 46.7KB)
Projections for Fiscal Year 2013 (PDF 33.6KB)
<Reference 1> Table of Data on Revenues and Expenses (Non-Consolidated Basis) (PDF 54.2KB)
<Reference 2> Breakdown of Extraordinary Income (Non-Consolidated Basis) (PDF 34.3KB)
<Reference 3> Revenues and Expenses of In-house Companies (Non-Consolidated) (PDF 92.4KB)