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9502 Chubu Electric Power Co News Story

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Japan's JERA Q2 profit up 12% on stronger overseas business

TOKYO, Oct 31 (Reuters) - JERA, Japan's biggest utility, on Friday posted a 12% increase in net profit for the three-month period ended in September to 156.2 billion yen ($1 billion), backed by improving overseas and renewable-energy power business.

JERA, a joint venture between Tokyo Electric Power Company 9501.T and Chubu Electric Power Company 9502.T, kept its full-year profit forecast unchanged at 230 billion yen, it added.

($1 = 150.7800 yen)

 (Reporting by Katya Golubkova; Editing by Muralikumar Anantharaman)

 ((jekaterina.golubkova@thomsonreuters.com;))

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