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4-Traders Homepage  >  Equities  >  Tokyo  >  Tokyo Electric Power Company Holding Inc    9501   JP3585800000

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Tokyo Electric Power Company Holdings Incorporated : - FY 2017 Second Quarter Financial Results

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11/02/2017 | 03:43pm CEST

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

On the revenue side, electricity sales revenue increased 1.3% from the same period of the previous fiscal year to 2,241.0 billion yen due to an increase in the unit price of electricity resulting from fuel cost adjustments etc., while electricity sales volume decreased 3.8% from the same period of the previous year to 115.0 billion kWh.

Operating revenue including power sold to other utilities and suppliers (inter-regional electricity sales and electricity sales to other companies) etc. increased 7.1% from the same period of the previous fiscal year to 2,831.6 billion yen. Ordinary revenue increased 6.6% from the same period of the previous fiscal year to 2,854.4 billion yen.

As for expenditures, under the circumstances of the suspension of all nuclear power stations, ordinary expenses increased 9.8% from the same period of the previous fiscal year to 2,638.5 billion yen resulting from increased fuel costs due to the rise of fuel prices and increase of power purchasing costs etc., despite extensive cost reduction efforts for all of TEPCO's companies, such as limiting consumption of relatively expensive fuel.

As a result, ordinary income decreased 21.2% from the same period of the previous fiscal year to 215.9 billion yen.

Net income in the quarter attributable to owners of parent increased 124.3% from the same period of the previous fiscal year to 211.2 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 110.2 billion yen was recorded as expenses for nuclear damage compensation under extraordinary loss.

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 a rise in 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.

Contact:

Tel: +81-(0)3-6373-1111

(C) 2017 Electronic News Publishing, source ENP Newswire

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Financials ( JPY)
Sales 2019 5 961 B
EBIT 2019 -
Net income 2019 203 B
Debt 2019 5 311 B
Yield 2019 -
P/E ratio 2019 4,37
P/E ratio 2020 3,07
EV / Sales 2019 1,05x
EV / Sales 2020 0,97x
Capitalization 929 B
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Mean consensus HOLD
Number of Analysts 4
Average target price 380  JPY
Spread / Average Target -34%
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Managers
NameTitle
Tomoaki Kobayakawa Executive President & Director
Takashi Kawamura Chairman
Naomi Hirose Executive Vice Chairman
Hideko Kunii Independent Director
Keita Nishiyama Director & Head-Corporate Planning
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