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FY2022 First Quarter Consolidated Financial Results2022/07/27

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

 

Operating revenue increased by 118.3% year-on-year to 1,574.5 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 11.7 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 81.7 billion yen.)

 

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

 

FY2022

First Quarter

 (A)

FY2021

First Quarter

(B)

Change

(A-B)

Change (%)

Operating revenue

1,574.5

721.2

853.3

118.3

Ordinary income

2.3

91.6

-89.3

-97.4

Net income / loss

-11.7

64.0

-75.8

Reference

Net income excluding the impact of the fuel cost adjustment system time lag

81.7

86.9

-5.1

-5.9

 

JERA has not yet established its consolidated financial forecast for FY2022 because the uncertain outlook for resource prices, foreign exchange rates, and electric power sales caused by factors such as the situation in Ukraine currently prevents a rational calculation of business performance.

 

 

Attachment: FY2022 First Quarter Consolidated Financial Results[PDF: 693.1 KB]

 

*The figures on page 7 in the Exhibit have been corrected on August 9, 2022.