Press Releases 2014

Tokyo Electric Power Co., Inc. (TEPCO) announced that Operating Revenues for the FY2014 Interim increased 3.7% from the same period of the previous fiscal year to 3,334.1 billion yen (up 4.3% to 3,259.5 billion yen on a non-consolidated basis). Ordinary Income increased 71.4% from the same period of the previous fiscal year to 242.8 billion yen (up 91.5% to 214.6 billion yen on a non-consolidated basis).

Electricity Sales decreased 3.7% over the same period of the previous fiscal year to 126.8 billion kWh, as a result of a decrease in cooling demand due to lower temperatures during the summertime, etc.
Per demand type, Electricity Sales for Residential Usage decreased 5.0% to 41.2 billion kWh, those for Low-Voltage Users decreased 7.3% to 5.0 billion kWh, and those for Specified-Scale Demand decreased 2.8% to 80.5 billion kWh, compared with the same period of the previous fiscal year.

On the revenue side, Electricity Sales Revenues increased 2.6% from the same period of the previous fiscal year to 2,956.8 billion yen due to an increase in the unit price of electricity resulting from fuel cost adjustments, etc. Operating Revenues including electricity sales to other companies, etc. increased 3.7% to 3,334.1 billion yen (up 4.3% to 3,259.5 billion yen on a non-consolidated basis). Ordinary Revenues increased 3.4% to 3,365.2 billion yen (up 4.0% to 3,279.6 billion yen on a non-consolidated basis).

On the expense side, in spite of increased fuel costs which have persisted due to the depreciation of the yen, etc. amid the suspension of all nuclear power stations, as a result of the extensive cost reduction efforts targeting all of TEPCO continued from the previous year, such as postponement of repair work to the utmost extent, Ordinary Expenses increased 0.3% from the same period of the previous fiscal year to 3,122.3 billion yen (up 0.8% to 3,065.0 billion yen on a non-consolidated basis).

Interim Net Income decreased 52.9% from the same period of the previous fiscal year to 290.1billion yen(down 54.3% to 270.9 billion yen on a non-consolidated basis) due to the grants-in-aid from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation of 512.5 billion yen as Extraordinary Income and Nuclear Damage Compensation of 445.9 billion yen as Extraordinary Losses.

Appendices:
Summary of FY2014 Interim Financial Results (PDF 67.2KB)
Comparison Table of FY2014 Interim Financial Results (Non-Consolidated) (PDF 56.2KB)
Projections for Fiscal Year 2014 (PDF 28.7KB)
<Reference1>Table of Data on Revenues and Expenses (Non-Consolidated Basis) (PDF 52.7KB)
<Reference2>Revenues and Expenses of In-house Companies (Non-Consolidated) (PDF 115KB)