Certain statements in the following presentation regarding TEPCO Group's business operations may constitute "forward-looking statements." As such, these statements are not historical facts
but rather predictions about the future, which inherently involve risks and uncertainties, and
these risks and uncertainties could cause TEPCO Group's actual results to differ materially from the forward-looking statements herein.
(Note)
Please note that the following is an accurate and complete translation of the original Japanese version prepared for the convenience of our English-speaking investors. In case of any discrepancy between the translation and the Japanese original, the latter shall prevail.
Key Points of FY2021 2nd Quarter Financial Results
1
nd Quarter Financial Results>
Operating revenue decreased due to decreases in the volume of electricity sold and fuel cost adjustments, and the application for the new accounting standards.
Ordinary income/loss and quarterly net income decreased due to a negative turn in the effects of the time-lag from the fuel cost adjustment system at JERA and decrease in the volume of retail electricity sold despite Group-wide continued efforts to improve profitability.
FY2021 Consolidated Performance Forecast >
FY2021 full-year financial forecast was revised to reflect a negative turn in the effect of the time-lag from the fuel cost adjustment system and other factors.
※1 Total of EP consolidated (EP/TCS/PinT) and PG (islands, etc.)
※2 Total (excluding indirect auctions) of EP consolidated (EP/TCS/PinT), PG (including inter-regional), and RP consolidated (RP/Tokyo Electric Generation)
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TEPCO - Tokyo Electric Power Company Holdings Inc. published this content on 27 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2021 07:17:03 UTC.
Tokyo Electric Power Company Holdings, Inc. is a holding company organized around two sectors of activity:
- production and sale of electricity (94% of net sales): 204.5 GWh sold in 2020/21;
- other (6%): primarily energy services (production of natural gas, construction and installation of energy production units, etc.), development and promotion of real estate assets and telecommunication services (TV broadcasting services, sale of software and computing services).
Almost all net sales are in Japan.