FY2021 Third Quarter Consolidated Financial Results2022/01/28
JERA Co., Inc. (“JERA”) has today disclosed its consolidated financial results for the third quarter of FY2021 (1 April through 31 December 2021).
Operating revenue increased by 46.1% year-on-year to 2,853.7 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 90.6% year-on-year to 18.4 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 228.3 billion yen.)
FY2021 Third Quarter Consolidated Financial Results (Unit: Billion Yen)
|
FY2021 Third Quarter (A) |
FY2020 Third Quarter (B) |
Change (A-B) |
Change (%) |
|
|
Operating revenue |
2,853.7 |
1,953.1 |
900.5 |
46.1 |
|
Ordinary income |
55.7 |
284.6 |
(228.9) |
▲80.4 |
|
Net Income |
18.4 |
196.5 |
(178.1) |
▲90.6 |
|
Reference Net Income excluding the impact of the fuel cost adjustment system time lag |
228.3 |
64.1 |
164.1 |
256.0 |
Net Income for FY2021 is expected to be 0 billion yen (200.0 billion yen excluding the impact of the fuel cost adjustment system time lag).
FY2021 Financial Forecast (Unit: Billion Yen)
|
FY2021 Forecast (A) |
FY2020 Results (B) |
Change (A-B) |
Change (%) |
|
|
Net Income |
0 |
157.8 |
(Approx. 158.0) |
－ |
|
Reference Net Income excluding the impact of the fuel cost adjustment system time lag |
200.0 |
111.6 |
Approx. 88.0 |
78.9 |
The previous (FY2021 second quarter) forecast of Net Income for FY2021 was 0 billion yen (150.0 billion yen excluding the impact of the fuel cost adjustment system time lag).
Attachment:：FY2021 Third Quarter Consolidated Financial Results[PDF: 947.83 KB]