FY2023 Third Quarter Consolidated Financial Results2024/01/31

JERA Co., Inc. (“JERA”) has today disclosed its consolidated financial results for the third quarter of FY2023 (1 April 2023 through 31 December 2023). JERA has voluntarily adopted International Financial Reporting Standards (IFRS) from the consolidated financial statements for the annual reporting of FY2022.

Revenue decreased by 560.0 billion yen from the same period last year to 2,782.5 billion yen as the result of a year-on-year decrease in electricity sales.
Quarterly profit/loss increased by 472.1 billion yen from the same period last year to 338.9 billion yen, mainly due to the shifting from losses to gains of the fuel price adjustment system time lag and profit from overseas power generation and renewable energy business increase, despite impact on fuel procurement price, impact of fuel inventory unit prices, and decrease in profit from fuel business. (Quarterly profit excluding time lag was 121.6 billion yen.)
 

FY2023 Third 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 second quarter) forecast of profit for FY2023.