Tokyo Electric Power : FY 2016 First Quarter Financial Results (April 1 through June 30, 2016)

Tokyo Electric Power Holdings, Inc. today finalized its consolidated FY2016 First Quarter Financial Results.

On the revenue side, Electricity Sales Revenues decreased 21.1% from the same period of the previous fiscal year to 1,064.4 billion yen due to a decrease in the unit price of electricity resulting from fuel cost adjustments etc. and to a 4.0% decrease in Electricity Sales to 56.3 billion kWh, etc. Operating Revenues including electricity sales to other companies and inter-regional electricity sales, etc. decreased 18.5% from the same period of the previous year to 1,264.9 billion yen. Ordinary Revenues decreased 17.9% from the same period of the previous year to 1,287.8 billion yen.

As for expenditures, in spite of the suspension of all nuclear power stations, Ordinary Expenses decreased 15.1% from the same period of the previous year to 1,151.1 billion yen resulting from decreased fuel costs due to the fall of fuel prices and stronger yen rates as well as from the continued extensive cost reduction efforts for all of TEPCO.

As a result, Ordinary Income decreased 36.1% from the same period of the previous year to 136.7 billion yen.

Net Income in the first quarter attributable to owners of parent was 1.1 billion yen after accounting for 119.9 billion yen in Nuclear Damage Compensation costs as Extraordinary Loss.

The FY2016 projections is to be determined because the present situation makes it difficult to release an operation plan for Kashiwazaki-Kariwa Nuclear Power Station.

< Reference >: Overview of FY2016 1st Quarter Financial Results (April 1 - June 30, 2016) (PDF 142KB)