Tokyo Electric Power Company (9501) Q1 2027 earnings summary

Executive summary

• Operating revenue/net sales rose 3.9% year-over-year to ¥1,481.1 billion, driven by higher supply and demand adjustment revenue amid surging fuel and wholesale electricity prices, despite a decline in total electricity sales volume.

• Ordinary income dropped sharply to ¥11.4 billion from ¥101.2 billion year-over-year, mainly due to increased electricity procurement costs.

• Net loss attributable to owners improved significantly to ¥-9.7 billion from ¥-857.6 billion, primarily due to a reduction in extraordinary loss on disaster.

• Operating income swung to a loss of ¥34.2 billion from a profit of ¥64.7 billion year-over-year.

• Comprehensive income turned positive at ¥6.1 billion, compared to a loss of ¥925.8 billion in the prior year.

Financial highlights

• Operating revenue: ¥1,481.1 billion (+¥56.0 billion year-over-year).

• Operating loss: ¥-34.2 billion (down ¥98.9 billion year-over-year).

• Ordinary income: ¥11.4 billion (down ¥89.8 billion year-over-year).

• Net loss attributable to owners: ¥-9.7 billion (improved by ¥847.8 billion year-over-year).

• Extraordinary losses decreased significantly to ¥15.7 billion from ¥955.0 billion year-over-year.

Outlook and guidance

• No earnings forecast for the fiscal year ending March 31, 2027, due to uncertainties in fuel prices and geopolitical risks in the Middle East.

• Dividend forecast remains at ¥0.00 per share for both common and preferred shares.