FY2021 First Quarter Consolidated Financial Results2021/07/30

JERA Co., Inc. (“JERA”) has today disclosed its consolidated financial results for FY2021 first quarter (1 April through 30 June 2021).

Operating revenue increased by 22.2% year on year to 721.2 billion yen as the result of increased sales by fuel trading subsidiary JERA Global Markets Pte Ltd ("JERAGM") as well as a year on year increase in electricity sales of 13.0% to 53.7 TWh.

Quarterly net income attributable to JERA (“Net Income”) increased 116.9% year on year to 64.0 billion yen despite losses due to the fuel cost adjustment system time lag. (Net Income excluding the impact of the fuel cost adjustment system time lag was 86.9 billion yen.)

FY2021 First Quarter Consolidated Financial Results　　　　                            　(Unit: Billion Yen)

Net Income for FY2021 is expected to be 40.0 billion yen, Net Income excluding the impact of the fuel cost adjustment system time lag is expected to be 120.0 billion yen.

FY2021 Financial Forecast 　　　　　    　　　 　　　　  　 　                                                    (Unit: Billion Yen)

Net Income for the previous forecast for FY2021 was 70.0 billion yen, Net Income excluding the impact of the fuel cost adjustment system time lag was 110.0 billion yen.

*The figures on page 11 in the Exhibit have been corrected on August 26, 2021.