Tohoku Electric Power Company, Incorporated
Notice Regarding Recognition of Mark-to-Market Losses (Operating Expenses) on Electricity Forward Transactions, etc.
Recorded mark-to-market losses of 50.6 billion yen on electricity forward transactions as operating expenses in the consolidated financial results for the fiscal year ending March 2026. The reversal gain is expected in the following fiscal year, resulting in no net impact over the two fiscal years.
Key Figures
- Mark-to-market losses on electricity forward transactions (operating expenses): 50.6 billion yen
- Mark-to-market losses expected to be reversed as gains in the following fiscal year
- No impact on consolidated cash flows
AI要約
Recognition of Mark-to-Market Losses on Electricity Forward Transactions, etc.
Tohoku Electric Power Co., Inc. recorded mark-to-market losses of 50.6 billion yen on electricity forward transactions as operating expenses in its consolidated financial results for the fiscal year ending March 2026. This was due to the sharp increase in fuel prices and electricity market prices caused by the deterioration of the situation in the Middle East, arising from mark-to-market valuation of fuel and electricity transactions conducted through its trading subsidiary.
Impact on Income and Cash Flows
These mark-to-market losses have been reflected in the financial summary for the fiscal year ending March 2026 and will be reversed as gains in the following fiscal year, resulting in no net income impact over the two fiscal years. Additionally, mark-to-market gains and losses do not involve actual cash flows and therefore do not affect consolidated cash flows.
Tohoku Electric Power Co., Inc.
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