FY2023 Second Quarter Consolidated Financial Results2023/10/27

JERA Co., Inc. (“JERA”) has today disclosed its consolidated financial results for the second quarter of FY2023 (1 April 2023 through 30 September 2023). JERA has voluntarily adopted International Financial Reporting Standards (IFRS) from the consolidated financial statements for the annual reporting of FY2022.

Revenue increased by 153.8 billion yen (up 7.9%) from the same period last year to 2,097.3 billion yen.
Quarterly profit was increased by 505.3 billion yen from the same period last year to 291.2 billion yen, mainly due to the shifting from loss to profit of the fuel price adjustment system time lag and profit from overseas power generation and renewable energy business increased, despite the negative impact on fuel procurement price, the negative impact of fuel inventory unit prices, and the decrease in profit from fuel business. (Quarterly profit excluding time lag was 75.3 billion yen.)

FY2023 Second Quarter Consolidated Financial Results　　　　　　　　(Unit: Billion Yen)

Profit for FY2023 is expected to be around 350.0 billion yen. (Profit excluding time lag is expected to be 150.0 billion yen.)

FY2023 Financial Forecast　　　　　　　　　　　　　　　　　　　　　　(Unit: Billion Yen)

*There is no change from the previous (FY2023 first quarter) forecast of profit for FY2023.