ELECTRIC POWER DEVELOPMENT CO., LTD. To Whom It May Concern
Electric Power Development Co., Ltd. (J-POWER)Representative: Masayoshi Kitamura, President
(Code number: 9513; Tokyo Stock Exchange 1st Section) Contact: Hideaki Kato, IR Chief Manager
Tel.: +81-3-3546-2211
Notice Regarding Revisions to the Earnings ForecastsJanuary 30, 2015
Electric Power Development Co., Ltd. (J-POWER) announces a revision to the earnings forecasts released on
May 29, 2014 as below.
(Unit: million yen) Revision to consolidated earnings forecasts for the year ending March 31, 2015 (from April 1, 2014 to March 31, 2015)
Operating Revenue | Operating Income | Ordinary Income | Net Income | Net Income Per Share | |
Previous forecast (A) | 732,000 | 57,000 | 45,000 | 33,000 | 219.92yen |
Revised forecast (B) | 754,000 | 68,000 | 58,000 | 46,000 | 306.56yen |
Difference (B-A) | 22,000 | 11,000 | 13,000 | 13,000 | |
Change (%) | 3.0 | 19.3 | 28.9 | 39.4 | |
(Reference) Previous year results (The fiscal year ended March, 2014) | 706,835 | 59,171 | 40,077 | 28,694 | 191.23yen |
Revision to non-consolidated earnings forecasts for the year ending March 31, 2015 (from April 1, 2014 to March 31, 2015)
Operating Revenue | Operating Income | Ordinary Income | Net Income | Net Income Per Share | |
Previous forecast (A) | 554,000 | 29,000 | 16,000 | 12,000 | 79.97yen |
Revised forecast (B) | 562,000 | 40,000 | 27,000 | 23,000 | 153.28yen |
Difference (B-A) | 8,000 | 11,000 | 11,000 | 11,000 | |
Change (%) | 1.4 | 37.9 | 68.8 | 91.7 | |
(Reference) Previous year results (The fiscal year ended March, 2014) | 582,861 | 40,464 | 31,060 | 22,117 | 147.40yen |
Reason for the Revision
In its earnings forecast for the year ending March 31, 2015, J-POWER forecasts an increase in revenue and income over the previously announced figures (published on May 29, 2014) due to factors such as increased operating revenue and income of overseas subsidiaries resulting from the depreciation of the Japanese yen, and reductions of operating expenses in the parent company.
*The earnings forecasts are forward-looking statements made on the basis of information available at the time forecasts are made and other certain assumptions deemed reasonable. Therefore, actual earnings may differ from forecast figures as a result of changes in business performance and other factors.
(Attachment)
Key Data (Year ending March 31, 2015)
Previous forecast (A) | Revised forecast (B) | |||
Electric Power Business | Wholesale Electric Power Business | Hydroelectric electricity sales volume (TWh) | 9.1 | 8.8 |
Electric Power Business | Wholesale Electric Power Business | Thermal electricity sales volume (TWh) | 50.6 | 52.5 |
Electric Power Business | Wholesale Electric Power Business | Water supply rate (%) | 98 | 96 |
Electric Power Business | Wholesale Electric Power Business | Thermal power load factor (%) | 73 | 77 |
Electric Power Business | Other Electric Power Businesses | Electricity sales volume (TWh) | 2.5 | 2.5 |
Overseas Business | Electricity sales volume (TWh) | 9.3 | 8.6 | |
Foreign Exchange Rate | Yen/US$ (Average foreign exchange rate) | 100 | 110 | |
Foreign Exchange Rate | Yen/THB (Foreign exchange rate at term end) | 3.1 | 3.67 |
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