Press Releases 2015

*Red parts corrected.
(June 11, 2015)

Tokyo Electric Power Co., Inc. (TEPCO) announced that Operating Revenues for FY 2014 increased 2.6% from the same period of the previous fiscal year to 6,802.4 billion yen (up 2.8% to 6,633.7 billion yen on a non-consolidated basis). Ordinary Income increased 105.1% from the same period of the previous fiscal year to 208.0 billion yen (up 287.1% to 167.3 billion yen on a non-consolidated basis).

Electricity Sales decreased 3.6% over the same period of the previous fiscal year to 257.0 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 4.1% to 90.7 billion kWh, those for Low-Voltage Usage decreased 6.2% to 9.9 billion kWh, and those for Specific-Scale Demand decreased 3.2% to 156.5 billion kWh, compared with the same period of the previous fiscal year.

On the revenue side, Electricity Sales Revenues increased 1.5% from the same period of the previous fiscal year to 6,007.8 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 2.6% to 6,802.4 billion yen (up 2.8% to 6,633.7 billion yen on a non-consolidated basis). Ordinary Revenues increased 2.3% to 6,851.4 billion yen (up 2.9% to 6,677.4 billion yen on a non-consolidated basis).

Expenses, despite rising fuel costs due to the large depreciation of the yen and amid the suspension of all nuclear power stations, rose just 0.8% from the same period of the previous fiscal year to 6,643.4 billion yen on a consolidated basis (up 1.0% to 6,510.1 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.

Net income increased 2.9% from the same period of the previous fiscal year to 451.5 billion yen (up 7.0% to 427.0 billion yen on a non-consolidated basis) after accounting for 887.7 billion yen (883.6 billion yen on a non-consolidated basis) in grants-in-aid from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation as Extraordinary Income, and 616.2 billion yen (equal sum on a non-consolidated basis) in Nuclear Damage Compensation costs, etc. as Extraordinary Loss.

 

Appendices
Summary of FY2014 Financial Results (Partial correction on June 11, 2015)(PDF 68.7KB)
Comparison Table of FY2014 Financial Results (Non-Consolidated) (PDF 71.4KB)
Projections for Fiscal Year 2015 (PDF 34.0KB)
<Reference 1> Table of Data on Revenues and Expenses (Non-Consolidated Basis) (Partial correction on June 11, 2015)(PDF 52.5KB)
<Reference 2> Breakdown of Extraordinary Income (Non-Consolidated Basis) (PDF 54.9KB)
<Reference 3> Revenues and Expenses of In-house Companies (Non-Consolidated) (PDF 117KB)