Press Releases 2014

Tokyo Electric Power Co., Inc. (TEPCO) announced that Operating Revenues for FY2013 increased 11.0% from the same period of the previous fiscal year to 6,631.4 billion yen (up 11.8% to 6,449.8 billion yen on a non-consolidated basis). Ordinary Income was 101.4 billion yen (43.2 billion yen on a non-consolidated basis).

Electricity Sales decreased 0.9% over the same period of the previous fiscal year to 266.7 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 0.7% to 94.6 billion kWh, those for Low-Voltage Power decreased 3.4% to 10.5 billion kWh, and those for Specified-Scale Demand decreased 0.8% to 161.6 billion kWh, compared with the previous fiscal year.

On the revenue side, Electricity Sales Revenues increased 10.1% from the same period of the previous fiscal year to 5,919.7 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 11.0% to 6,631.4 billion yen (up 11.8% to 6,449.8 billion yen on a non-consolidated basis). Ordinary Revenues increased 10.9 % to 6,694.8 billion yen (up 11.5% to 6,490.0 billion yen on a non-consolidated basis).

On the expense side, in spite of increased fuel costs of the highest level caused by factors such as the large depreciation of the yen amid the suspension of all nuclear power stations, due to extensive cost reduction efforts targeting all of TEPCO, such as urgent postponement of repair work, Ordinary Expenses increased 3.6% from the previous fiscal year to 6,593.4 billion yen (up 4.0% to 6,446.8 billion yen on a non-consolidated basis).

Net Income was 438.6 billion yen (398.9 billion yen on a non-consolidated basis). Extraordinary Income was 1,823.7 billion yen (1,818.3 billion yen on a non-consolidated basis) due to Grants-in-aid from the Nuclear Damage Liability Facilitation Fund of 1,665.7 billion yen, Gain on Sales of Noncurrent Assets of 101.9 billion yen, and Gain on Reversal of Provision for Loss on Disaster of 32.0 billion yen. Extraordinary Loss was 1,462.2 billion yen (same amount on a non-consolidated basis) due to Nuclear Damage Compensation of 1,395.6 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 Financial Results (PDF 48.7KB)
Comparison Table of FY2013 Financial Results (Non-Consolidated) (PDF 38.5KB)
Projections for Fiscal Year 2014 (PDF 33.7KB)
<Reference 1> Table of Data on Revenues and Expenses (Non-Consolidated Basis) (PDF 55.1KB)
<Reference 2> Breakdown of Extraordinary Income (Non-Consolidated Basis) (PDF 34.1KB)
<Reference 3> Revenues and Expenses of In-house Companies (Non-Consolidated) (PDF 98.5KB)