FY2024 First Quarter Consolidated Financial Results2024/07/31

JERA Co., Inc. (“JERA”) has today disclosed its consolidated financial results for the first quarter of FY2024 (1 April 2024 through 30 June 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 169.9 billion yen from the same period last year to 765.9 billion yen mainly due to a decrease of income unit price in electrical energy sales.
Quarterly profit decreased by 85.0 billion yen from the same period last year to 93.4 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, renewable energy business and fuel business, despite an improvement in the impact on fuel procurement prices and fuel inventory unit prices. (Quarterly profit excluding time lag increased by 49.9 billion yen from the same period last year to 73.0 billion yen.)

FY2024 First 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.