Press Releases 2016

Tokyo Electric Power Holdings, Inc. (TEPCO Holdings) announced that Operating Revenues for FY 2015 decreased 10.8% from the same period of the previous fiscal year to 6,069.9 billion yen (down 11.1% to 5,896.9 billion yen on a non-consolidated basis). Ordinary Income increased 56.7% from the same period of the previous fiscal year to 325.9 billion yen (up 95.7% to 327.5 billion yen on a non-consolidated basis).

Electricity Sales decreased 3.9% over the same period of the previous fiscal year to 247.1 billion kWh, as a result of a decrease in Specified-Scale Demand and a decrease in heating demand due to higher temperatures during the winter.
Per demand type, Electricity Sales for Residential Usage decreased 1.4% to 89.4 billion kWh, those for Low-Voltage Usage decreased 2.7% to 9.6 billion kWh, and those for Specific-Scale Demand decreased 5.4% to 148.1 billion kWh, compared with the same period of the previous fiscal year.

On the revenue side, Electricity Sales Revenues decreased 12.8% from the same period of the previous fiscal year to 5,237.0 billion yen due to a decrease 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, decreased 10.8% to 6,069.9 billion yen (down 11.1% to 5,896.9 billion yen on a non-consolidated basis). Ordinary Revenues decreased 10.4% to 6,141.0 billion yen (down 10.2% to 5,999.1 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 largely decreased fuel costs due to the low price of crude oil, Ordinary Expenses decreased 12.5% for the same period of the previous fiscal year to 5,815.1 billion yen (down 12.9% to 5,671.6 billion yen on a non-consolidated basis).

Extraordinary Income totaled 773.0 billion yen (760.8 billion yen on a non-consolidated basis)
including 699.7 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.
Extraordinary Loss totaled 911.9 billion yen (911.5 billion yen on a non-consolidated basis) including 678.6 billion yen in Nuclear Damage Compensation costs and 233.3 billion yen in Impairment Loss with the aim of restructuring our business base so as to compete in challenging circumstances after deregulation of all the retail sectors and our transition to a holding company system.
Net Income attributable to TEPCO Holdings shareholders decreased 68.8% from the same period of the previous fiscal year to 140.7 billion yen (down 66.4% to 143.6 billion yen on a non-consolidated basis)

Appendices
Summary of FY2015 Financial Results(PDF 69.3KB)
Comparison Table of FY2015 Financial Results (Non-Consolidated)(PDF 71.3KB)
Projections for Fiscal Year 2016(PDF 33.1KB)
＜Reference1＞Table of Data on Revenues and Expenses (Non-Consolidated Basis)(PDF 55.2KB)
＜Reference2＞Breakdown of Extraordinary Income (Consolidated Basis)(PDF 33.8KB)