FY2021 Second Quarter Consolidated Financial Results2021/10/28

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

Operating revenue increased by 27.0% year-on-year to 1,590.8 billion yen as the result of increased sales by fuel trading subsidiary JERA Global Markets Pte Ltd ("JERAGM") in addition to a year-on-year increase in electricity sales.

Quarterly net income attributable to JERA (“Net Income”) decreased 59.7% year-on-year to 43.8 billion yen due to losses resulting from the fuel cost adjustment system time lag. (Net Income excluding the impact of the fuel cost adjustment system time lag was 134.8 billion yen.)

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

Net Income for FY2021 is expected to be 0 billion yen, net Income excluding the impact of the fuel cost adjustment system time lag is expected to be 150.0 billion yen.

FY2021 Financial Forecast 　　　　　    　　　 　　　　 　 　　　　　　　　　(Unit: Billion Yen)

Net Income for the previous forecast for FY2021 first quarter was 40.0 billion yen, Net Income excluding the impact of the fuel cost adjustment system time lag was 120.0 billion yen.