Performance highlightsInvestor Relations

We are taking on a variety of initiatives to meet our management goals for profitability, capital efficiency, growth potential, and financial health, including a consolidated net profit of 200 billion yen in FY2025.
Additionally, with a fundamental emphasis on safety, we shall expedite our ESG and sustainability efforts, which include promoting the active participation of a diverse and inclusive workforce (D&I) and strengthening corporate governance, all while ensuring a stable electricity supply. We aim to realize medium- to long-term decarbonization, thereby pursuing disciplined growth and maximizing corporate value. We have voluntarily adopted the International Financial Reporting Standards (IFRS) from the consolidated financial statements for the annual reporting of FY2022, and the figures for FY2021 have also been modified in accordance with the IFRS.

Financial Information

Revenue

Revenue

Revenue in FY2022 increased significantly compared to the previous year, mainly due to higher unit revenues in electricity sales.

Profit Attributable to Owners of Parent (including/excluding time lag)

Profit Attributable to Owners of Parent (including/excluding time lag)

Net profit for FY2022, excluding time lag, decreased due to factors such as the impact of LNG spot procurement and the recording of estimated liabilities, despite increases due to higher earnings in our trading business and gains related to the sale of LNG.

  • Profits or losses attributable to delays between fuel price fluctuations and when they are eventually reflected in sales prices

EBITDA

EBITDA

In FY2022, EBITDA remained high, as in the previous year, mainly due to increased earnings in the trading business amidst the unstable fuel market conditions caused by the situation in Russia and Ukraine.
EBITDA = Earnings before interest and taxes* + Depreciation and amortization + Interest expenses

  • Excluding time lag

ROIC

ROIC

In FY2022, we secured net profit of 200.3 billion yen, excluding time lag, mainly due to increased profits from our trading business, but this was lower than in the previous year due to a significant increase in interest-bearing liabilities. ROIC = {Net income*1 + Interest expense × (1 − Effective tax rate*2)} ÷ (Interest-bearing liabilities + Net worth*3)*4

  • Excluding time lag
  • Using the company's effective tax rate (figures listed in the Financial Statement)
  • Equity — Non-controlling interests
  • Average at the beginning and end of the period

Cash Flows from Operating, Investing, and Financing Activities (CF)/Free Cash Flow

Cash Flows from Operating, Investing, and Financing Activities (CF)/Free Cash Flow

In FY2022, our free cash flow increased by approximately 1 trillion yen. This was due to factors such as an improvement in operating cash flows due to a decrease in margins at trading subsidiaries in addition to the reactionary effects of substantial overseas investment projects conducted in FY2021, which led to a reduction in capital expenditure in the investment cash flow.

Interest-Bearing Liabilities / Net Debt-to-Equity Ratio

Interest-Bearing Liabilities / Net Debt-to-Equity Ratio

In FY2022, our interest-bearing liabilities increased significantly as a result of costs carried over and associated financing.
However, our net debt-to-equity ratio improved from the previous year as a result of better market conditions in the second half of the year and capital-based financing to maintain financial health.
Net debt-to-equity ratio = (Interest-bearing liabilities − Cash and deposits) ÷ Net worth*

  • Equity — Non-controlling interests

Non-Financial

FY2022 Domestic Power Generation Output (by fuel type)

FY2022 Domestic Power Generation Output (by fuel type)

We are responsible for approximately 30% of the power generation output by domestic electric utilities. A large portion of this power generation comes from LNG, which has low CO2 emissions.

FY2022 Scope 1 CO2 Emissions / CO2 Emission Intensity (Japan)

FY2022 Scope 1 CO2 Emissions / CO2 Emission Intensity (Japan)

As part of JERA Environmental Target 2035, we aim to reduce domestic CO2 emissions relative to FY2013 by 60% by FY2035.

Renewable Energy Output Share

Renewable Energy Output Share

We will expand our wind and solar power generation business in Japan and overseas by promoting large-scale renewable energy development that leverages our strengths.

Employee Injury Frequency Rate

Employee Injury Frequency Rate

We are committed to company-wide efforts for safety, the bedrock of our business, with aims to eradicate occupational accidents.

  • JERA employees only

Financial Data

Financial Data