Actions for Management Streamlining (FY2012)
Actions for Comprehensive Special Business Plan (the revise was approved in May 2012)
According to the “Comprehensive Special Business Plan” approved by the minister in-charge on May 9, 2012, TEPCO is engaging in the drastic streamlining of operations, including cost reduction by 3,365 billion yen in total during a 10-year period from FY2012 to 2021 and asset sale worth 707.4 billion yen within a 3-year period from FY2011 to 2013 in principle.
*The revise of electricity rate applied on May 11, 2012 was approved on July 25 in the same year after reflecting the instruction based on the assessment policy of the Ministry of Economy, Trade and Industry.
TEPCO considers further cost reduction based on the above instruction as well.
 |
Measures | Result (¥ billion) | Target (¥ billion) | |
|---|---|---|---|---|
| FY 2012 results | FY2013 | Total of 10 years (FY2012-2021) |
||
| Procurement expenses of materials and Services |
111.2 (45.9) |
49.2 | 664.1 | |
| Power purchase and fuel expenses |
100.4 (42.5) |
23.5 | 198.6 | |
| Personnel expenses | 177.9 (171.4) |
96.9 | 1,275.8 | |
| Other expenses | 106.4 (91.0) |
95.9 | 968.7 | |
| Facility Investments | 1.1 (1.1) |
6.4 | 257.8 | |
| Total | 496.9 (351.8) |
271.9* | 3,365.0 | |
(Note) The amount provided in the parenthesis in FY 2012 results is the target amount.
*In FY 2013, we aim to achieve cost reduction of 100 billion yen (as stated in the Intensive Reform Implementation Action Plan) in addition to 271.9 billion yen (as stated in the Comprehensive Special Business Plan).
 |
Measures | Result (¥ billion) | Target (¥ billion) | |
|---|---|---|---|---|
| FY 2012 results | Cumulative results (FY2011-2012） |
Total of 3 years (FY2011-2013） |
||
| Real estate | 163.4 (159.8) |
213.6 (210.0) |
247.2 | |
| Securities | 7.2 (7.2) |
324.8 (324.8) |
330.1 | |
| Affiliated Companies | 75.5 (43.3) |
122.5 (90.3) |
130.1 | |
| Total | 246.2 (210.3) |
661.0 (625.1) |
707.4 | |
(Note) The amount provided in the parenthesis in FY 2012 results is the target amount.
Figures show amounts of the whole TEPCO Group
Values in the Total column may not show the total of each value due to rounding.
Disclosed information regarding the management streamlining -Press Releases-
- May 1,2013
- Results of Request for Proposals concerning "Smart Meter Communication System" and "Smart Meter Operation Management System", and establishment of "The New Growth Task Force"
- Apr 30,2013
- FY2012 Financial Results (April 1, 2012 through March 31, 2013)
- Apr 1,2013
- Establishment of the "FY 2013 Business Operation Policy"
- Feb 12,2013
- Start of the Invitation for Bids on Thermal Power Generation Facilities
- Feb 4,2013
- Appro/val of Changes Made to the Special Business Plan
- Jan 15,2013
- Submission of Change of the Comprehensive Special Business Plan
Display and non-display of article in the past- Dec 17,2012
- Concerning RFPs (Requests for Proposal) Regarding Systems Adopted through the Management and Operation of Smart Meters
- Nov 19,2012
- Request for Proposals for Communication Function of Smart Meters
- Nov 16,2012
- Establishment of the "Procurement Committee"
- Nov 5,2012
- Regarding the Invitation for Bids on Thermal Power Generation Facilities
- Oct 1,2012
- Sellout of Tokyo Denryoku Hospital
- Sep 20,2012
- Approval of the Revised Corporate Pension Plan by the Minister of Health, Labour and Welfare
- Aug 28,2012
- Accelerated Sellout Plan of our Ginza Branch Main Building
- Jul 12,2012
- Result of the Request for Comments on the Specification of Smart Meters and Our "Basic Concept"
- Jun 29,2012
- Selling the interest in "Loy Yang A Project" in Australia
- May 09,2012
- Approval of Changes Made to the Special Business Plan
- Apr 27,2012
- Application for Changing the Special Business Plan
- Feb 16,2012
- Recruitment for 2013
- Dec 09,2011
- Development of "Action plan to promote reform"
- Nov 04,2011
- Approval of the Special Business Plan
- Oct 28,2011
- Application for Financial Support and Application for Accreditation of the Special Business Plan
- Oct 25,2011
- Change in Investment Ratio in Eurus Energy Holdings Corporation
- May 20,2011
- Organizational Change of the Company
- May 20,2011
- Present Policy for Business Efficiency Improvements and Streamlining
- Apr 25,2011
- Comment of the president regarding "Reduction of directors' remuneration and amendment of recruitment plan for 2012"
- Apr 25,2011
- Reduction of directors' remuneration and amendment of recruitment plan for 2012
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