FY2024 Third Quarter Consolidated Financial Results2025/01/31
JERA Co., Inc. (“JERA”) has today disclosed its consolidated financial results for the third quarter of FY2024 (1 April 2024 through 31 December 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 286.0 billion yen from the same period last year to 2,496.4 billion yen mainly due to a decrease of income unit price in electrical energy sales.
Profit decreased by 184.1 billion yen from the same period last year to 154.7 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 1.1 billion yen from the same period last year to 122.7 billion yen.)
FY2024 Third Quarter Consolidated Financial Results (Unit: Billion Yen)
FY2024 Third Quarter (A) |
FY2023 Third Quarter (B) |
Change (A-B) |
Rate of Change (%) |
|
Revenue (Net sales) |
2,496.4 |
2,782.5 |
-286.0 |
-10.3 |
Operating profit |
237.0 |
486.9 |
-249.8 |
-51.3 |
Profit |
154.7 |
338.9 |
-184.1 |
-54.3 |
Reference Profit excluding time lag |
122.7 |
121.6 |
1.1 |
0.9 |
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)
FY2024 Forecast (A) |
FY2023 Results (B) |
Change (A-B) |
|
Profit |
200.0 |
399.6 |
Approx. -200.0 |
Reference Profit excluding time lag |
150.0 |
148.7 |
Same level |
* There is no change from the previous forecast.
Attachment: FY2024 Third Quarter Consolidated Financial Results[PDF: 793.51 KB]