TEPCO interim results Sales and ordinary income decreased due to decreased electricity demand October 28, 19:49
In the interim results of TEPCO, both sales and ordinary income decreased by more than 10% compared to the same period last year due to the impact of the decline in electricity demand at stores and factories due to the spread of the new coronavirus infection.
According to the announcement, TEPCO's financial results for the six months to September were 2,084.2 billion yen, a decrease of 10.8% compared to the same period last year, and 224.8 billion yen, a decrease of 10.1% in ordinary income. ..
It is the first time in four years that both sales and ordinary income have declined, mainly due to a decrease in electricity demand for commercial use such as stores and schools and industrial use such as factories due to the spread of the new coronavirus infection.
In addition, electricity sales fell by 9.2% in the three months from April to June, down 9.2% from the same period last year, and decreased by 8.3% in the six months from April to September. The decline continues.
At the press conference, TEPCO Managing Executive Officer Rikuo Otsuki said, "Although the situation is improving, the effects of the new coronavirus may remain over the years."
TEPCO continues to say that the business outlook for the year ending March next year is "undecided."