FY2023 Consolidated Financial Results2024/04/30

JERA Co., Inc. (“JERA”) has today disclosed its consolidated financial results for FY2023 (1 April 2023 through 31 March 2024). JERA has voluntarily adopted International Financial Reporting Standards (IFRS) from the consolidated financial statements for the annual reporting of FY2022.

Revenue decreased by 1,027.1 billion yen from the same period last year to 3,710.7 billion yen mainly due to a decrease in electrical energy sold.
Profit increased by 381.7 billion yen from the same period last year to 399.6 billion yen, mainly due to the effect of the fuel price adjustment system time lag shifted from losses to gains, profit from overseas power generation and renewable energy business increase, and improvement of profit/loss on valuation of contracts for coals, etc., despite the impact on fuel procurement price, the impact of fuel inventory unit prices, and the decrease in profit from fuel business. (Profit excluding time lag was 148.7 billion yen.)

FY2023 Consolidated Financial Results　　　　　　　　　　　　　　　　(Unit: Billion Yen)

Profit for FY2024 is expected to be 200.0 billion yen. (Profit excluding time lag is expected to be 150.0 billion yen.)

FY2024 Financial Forecast　　　　　　　　　　　　　　　　　　　　　　(Unit: Billion Yen)