FY2023 First Quarter Consolidated Financial Results2023/07/28

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

Revenue increased by 4.7% year-on-year to 935.9 billion yen mainly due to an increase of income unit price in electrical energy sales.
Despite losses resulting from the impact of decline in coal prices and fuel inventory unit prices, quarterly profit was 178.4 billion yen mainly due to the turning from loss to profit of the fuel price adjustment system time lag. (Quarterly profit excluding time lag was 23.1 billion yen.)

FY2023 Financial Forecast　　　　　　　　　　　　　　　　　　  　　　　　(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)

*The previous (FY2022) forecast of profit for FY2023 was 300.0 billion yen. (Profit excluding time lag was 150.0 billion yen.)