According to the company’s website press release on April 28, 2023, JERA Co., Inc. (“JERA”) has disclosed its consolidated financial results for FY2022 (1 April 2022 through 31 March 2023). JERA has voluntarily adopted International Financial Reporting Standards (IFRS) from the consolidated financial statements for the annual reporting of FY2022.
Revenue increased by 71.1% year-on-year to 4,737.8 billion yen mainly due to an increase of income unit price in electrical energy sales.
Despite losses resulting from the impact on LNG spot procurement, etc., profit increased by 214.4% year-on-year to 17.8 billion yen mainly due to JERA Global Markets Pte. Ltd. profit increase and decreased losses from the fuel price adjustment system time lag. (Profit excluding time lag was 200.3 billion yen.)
