FY2024 Second Quarter Consolidated Financial Results2024/10/29

JERA Co., Inc. (“JERA”) has today disclosed its consolidated financial results for the second quarter of FY2024 (1 April 2024 through 30 September 2024). JERA has voluntarily adopted International Financial Reporting Standards (IFRS) from the consolidated financial statements for the annual reporting of FY2022 (fiscal year ended March 2023).

Revenue decreased by 446.2 billion yen from the same period last year to 1,651 billion yen mainly due to a decrease of income unit price in electrical energy sales.
Profit decreased by 152.3 billion yen from the same period last year to 138.9 billion yen due to a decrease in gains of the fuel price adjustment system time lag and a decrease in profit from the overseas power generation and renewable energy business, despite an improvement in the impact on fuel procurement prices. (Profit excluding time lag increased by 46.9 billion yen from the same period last year to 122.2 billion yen.)

FY2024 Second Quarter Consolidated Financial Results　　　　　　　　　　　(Unit: Billion Yen)

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

FY2024 Financial Forecast　　　　　　　　　　　　　　　　　　　　(Unit: Billion Yen)

* There is no change from the previous forecast.