Press Releases 2016

Tokyo Electric Power Co., Inc. (TEPCO) announced that Operating Revenues for the FY2015 third quarter decreased 8.8% from the same period of the previous fiscal year to 4,497.1 billion yen (down 9.2% to 4,372.4 billion yen on a non-consolidated basis). Ordinary Income increased 92.1% from the same period of the previous fiscal year to 436.2 billion yen (up 119.1% to 400.4 billion yen on a non-consolidated basis).

Electricity Sales decreased 3.6% over the same period of the previous fiscal year to 180.6 billion kWh, as a result of a decrease in Specified-Scale Demand due to low production levels.
Per demand type, Electricity Sales for Residential Usage decreased 0.7% to 61.5 billion kWh, those for Low-Voltage Users decreased 2.0% to 7.0 billion kWh, and those for Specified-Scale Demand decreased 5.2% to 112.2 billion kWh, compared with the same period of the previous fiscal year.

On the revenue side, Electricity Sales Revenues decreased 10.8% from the same period of the previous fiscal year to 3,886.4 billion yen due to a decrease in the unit price of electricity resulting from fuel cost adjustments, etc. Operating Revenues including electricity sales to other companies, etc. decreased 8.8% to 4,497.1 billion yen (down 9.2% to 4,372.4 billion yen on a non-consolidated basis). Ordinary Revenues decreased 8.6% to 4,551.6 billion yen (down 8.8% to 4,414.2 billion yen on a non-consolidated basis).

As for expenditures, in spite of cost increase factors including the suspension of all nuclear power stations and the depreciation of the yen, as a result of the extensive cost reduction efforts for all of TEPCO that continued from the previous year as well as decreased fuel costs due to the low price of crude oil, Ordinary Expenses decreased 13.4% for the same period of the previous fiscal year to 4,115.3 billion yen (down 13.9% to 4,013.8 billion yen on a non-consolidated basis).

Third quarter Net Income attributable to TEPCO shareholders was 338.2 billion yen (298.3 billion yen on a non-consolidated basis) after accounting for 500.0 billion yen (426.7 billion yen in grants-in-aid from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation and 61.0 billion yen in gain on revision of retirement benefit plan etc.) as Extraordinary Income, and 550.4 billion yen in Nuclear Damage Compensation costs as Extraordinary Loss.