Press Releases 2014

Tokyo Electric Power Co., Inc. (TEPCO) announced that Operating Revenues for the FY2013 third quarter increased 10.8% from the same period of the previous fiscal year to 4,800.1 billion yen (up 11.6% to 4,669.3 billion yen on a non-consolidated basis). Ordinary Income was 189.2 billion yen (143.1 billion yen on a non-consolidated basis).

Electricity Sales decreased 1.6% over the same period of the previous fiscal year to 194.5 billion kWh, as a result of a decrease in heating demand due to higher temperatures during last March through April, etc.
Per demand type, Electricity Sales for Lighting decreased 2.3% to 64.8 billion kWh, those for Low-Voltage Power decreased 4.6% to 7.6 billion kWh, and those for Specified-Scale Demand decreased 1.0% to 122.1 billion kWh, compared with the same period of the previous fiscal year.

On the revenue side, Electricity Sales Revenues increased 9.9% from the same period of the previous fiscal year to 4,291.0 billion yen due to an increase in the unit price of electricity resulting from the electricity rate revision two years ago and fuel cost adjustments, etc. Operating Revenues including electricity sales to other companies, etc. increased 10.8% to 4,800.1 billion yen (up 11.6% to 4,669.3 billion yen on a non-consolidated basis). Ordinary Revenues increased 10.8 % to 4,855.3 billion yen (up 11.6% to 4,704.5 billion yen on a non-consolidated basis).

On the expense side, in spite of 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, due to extensive cost reduction efforts targeting all of TEPCO, such as reduction of personnel expenses and urgent postponement of repair works, Ordinary Expenses increased 1.9% from the same period of the previous fiscal year to 4,666.1 billion yen (up 2.6% to 4,561.3 billion yen on a non-consolidated basis).

Net Income in the third quarter was 772.8 billion yen (737.7 billion yen on a non-consolidated basis). Extraordinary Income was 1,782.6 billion yen (1,780.1 billion yen on a non-consolidated basis) due to the Grants-in-aid from the Nuclear Damage Liability Facilitation Fund of 1,665.7 billion yen and Gain on Reversal of Provision for Loss on Disaster of 32.0 billion yen. Extraordinary Loss was 1,185.0 billion yen (same amount on a non-consolidated basis) due to Nuclear Damage Compensation of 1,123.9 billion yen and Loss on decommissioning of Fukushima Daiichi Nuclear Power Station Units 5 and 6 of 39.8 billion yen.

Appendices
Summary of FY2013 Third Quarter Financial Results (PDF 44.5KB)
Comparison Table of FY2013 Third Quarter Financial Results (Non-Consolidated) (PDF 48.1KB)
Projections for Fiscal Year 2013 (PDF 38.0KB)
<Reference 1> Table of Data on Revenues and Expenses (Non-Consolidated Basis) (PDF 56.4KB)
<Reference 2> Breakdown of Extraordinary Income (Non-Consolidated Basis) (PDF 34.6KB)
<Reference 3> Revenues and Expenses of In-house Companies (Non-Consolidated) (PDF 91.7KB)