Press Releases 2017

Tokyo Electric Power Holdings, Incorporated finalized its consolidated FY2017 First Quarter (April 1 through June 30, 2017) Financial Results today.

On the revenue side, electricity sales revenue decreased 2.7% from the same period of the previous fiscal year to 1,035.2 billion yen due to a 3.6% decrease in electricity sales volume to 54.3 billion kWh etc.
Operating revenue including power sold to other utilities and suppliers (inter-regional electricity sales and electricity sales to other companies) etc. increased 3.8% from the same period of the previous fiscal year to 1,313.3 billion yen. Ordinary revenue increased 2.9% from the same period of the previous fiscal year to 1,325.8 billion yen.

As for expenditures, under the circumstances of the suspension of all nuclear power stations ordinary expenses increased 10.3% from the same period of the previous fiscal year to 1,270.2 billion yen resulting from increased fuel costs due to the rise of fuel prices and increase of the power purchasing costs etc., in spite of the extensive cost reduction efforts for all of TEPCO’s companies, such as limiting consumption of relatively expensive fuel.

As a result, ordinary income decreased 59.3% from the same period of the previous fiscal year to 55.6 billion yen.

Net income in the quarter attributable to owners of parent was 148.0 billion yen with 128.6 billion yen being accounted for as grants-in-aid from Nuclear Damage Compensation and Decommissioning Facilitation Corporation under extraordinary income, while 36.0 billion yen was recorded as expenses for nuclear damage compensation under extraordinary loss.

[FY2017 1st Quarter]

[FY2017 Full-year Financial Forecasts](There is no revision from the projections released on May 11, 2017)

Regarding FY 2017 projections, operating revenue is expected to increase by 392 billion yen from the previous fiscal year to around 5,750 billion yen due to an increase of electricity sales revenue by the effects of fuel cost adjustments etc.
In spite of an increase of operating revenue, ordinary income is expected to decrease by 28 billion yen from the previous fiscal year to around 200 billion yen due to an increase of fuel costs and of power purchasing costs etc.
Net income attributable to owners of parent is expected to increase by 155 billion yen from the previous fiscal year to around 288 billion yen with grants-in-aid from Nuclear Damage Compensation and Decommissioning Facilitation Corporation being accounted for as extraordinary income, etc.