FY2022 Second Quarter Consolidated Financial Results2022/10/28

JERA Co., Inc. (“JERA”) has today disclosed its consolidated financial results for the second quarter of FY2022 (1 April 2022 through 30 September 2022).

Operating revenue increased by 146.2% year-on-year to 3,917.0 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.

Despite increased JERAGM profit associated with fuel volume adjustments, net income / loss attributable to JERA was loss of 131.5 billion yen as the result of losses due to the fuel cost adjustment system time lag. (Net income excluding the impact of the fuel cost adjustment system time lag was 231.6 billion yen.)

FY2022 Second Quarter Consolidated Financial Results    　　                  (Unit: Billion Yen)

Net Income for FY2022 is expected to be loss of 200 billion yen, net Income excluding the impact of the fuel cost adjustment system time lag is expected to be 100.0 billion yen. 　This forecast may fluctuate significantly depending on future fuel market conditions, changes in the required fuel procurement volume, and other factors.

FY2022 Financial Forecast 　　　　　    　　　 　　　　 　　                   　(Unit: Billion Yen)