Press Releases 2015

Tokyo Electric Power Co., Inc. (TEPCO) announced that Operating Revenues for the FY2014 third quarter increased 2.8% from the same period of the previous fiscal year to 4,932.5 billion yen (up 3.1% to 4,814.8 billion yen on a non-consolidated basis). Ordinary Income increased 20.0% from the same period of the previous fiscal year to 227.0 billion yen (up 27.7% to 182.7 billion yen on a non-consolidated basis).

Electricity Sales decreased 3.7% over the same period of the previous fiscal year to 187.4 billion kWh, as a result of a decrease in cooling demand due to lower temperatures during the summer.
Per demand type, Electricity Sales for Residential Usage decreased 4.5% to 61.9 billion kWh, those for Low-Voltage Usage decreased 6.9% to 7.1 billion kWh, and those for Specified-Scale Demand decreased 3.1% to 118.4 billion kWh, compared with the same period of the previous fiscal year.

On the revenue side, Electricity Sales Revenues increased 1.6 % from the same period of the previous fiscal year to 4,358.0 billion yen due to an increase in the unit price of electricity resulting from fuel cost adjustments, among other factors. Operating Revenues, including electricity sales to other companies and inter-regional electricity sales, increased 2.8% to 4,932.5 billion yen (up 3.1% to 4,814.8 billion yen on a non-consolidated basis). Ordinary Revenues increased 2.6% to 4,981.7 billion yen (up 2.9% to 4,842.8 billion yen on a non-consolidated basis).

Expenses, despite rising fuel costs due to the depreciation of the yen and amid the suspension of all nuclear power stations, rose just 1.９% from the same period of the previous fiscal year to 4,754.7 billion yen on an consolidated basis (up 2.2% to 4,660.0 billion yen on a non-consolidated basis)as a result of extensive cost reduction efforts proposed by the Productivity Doubling Committee , such as the emergency cost deferral of certain repair work.

Third quarter net income decreased 76.7 % from the same period of the previous fiscal year to 180.0 billion yen (down 80.0% to 147.3 billion yen on a non-consolidated basis) after accounting for 512.5 billion yen in grants-in-aid from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation as an Extraordinary Income, and 543.6 billion yen in Nuclear Damage Compensation cost as an Extraordinary Loss.

Appendices:
Summary of FY2014 Third Quarter Financial Results (PDF 67.9KB)
Comparison Table of FY2014 Third Quarter Financial Results (Non-Consolidated) (PDF 68.5KB)
Projections for Fiscal Year 2014 (PDF 74.4KB)
<Reference1>Table of Data on Revenues and Expenses (Non-Consolidated Basis) (PDF 54.9KB)
<Reference2>Revenues and Expenses of In-house Companies (Non-Consolidated) (PDF 115KB)