Table of Contents
Kyuden Group’s Mission·································01
Table of Contents···········································02
Editorial Policy ···············································03
Snapshot of Kyushu ·······································04
Financial and Non-financial Highlights·············05
History of the Kyuden Group ···························08
Message from the President∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙10
Value Creation Process∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙17
Business Model ∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙18
Feature: Challenge of Reaching Carbon
Neutrality by 2050······························· 22
Working to Achieve Kyuden Group Management
Vision 2030∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙26
Domestic Electricity Business∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙29
Growth Businesses
• Renewable Energy Business ∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙ 35
• Overseas Business∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙ 37
• ICT Service Business∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙ 39
• Urban Development Business∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙ 40
Promotion of Sustainability ·····························41
Environment
• Initiatives Based on the TCFD
Recommendations······································· 43
• Environmental Management·························· 48
• Development of Zero-emission Activities for
Waste Materials ·········································· 49
• Water Resources ········································· 50
Social
• Human Resources and Organizational
Development ·············································· 51
• Pursuit of Safety·········································· 53
• Solving Local and Social Issues······················ 54
Governance
• Corporate Governance·································· 56
• Risk Management········································ 57
• Information Security····································· 58
• Compliance ················································ 59
• Members of the Board of Directors
(Kyushu Electric Power) ································ 60
• Messages from Our External Directors ············ 63
SASB INDEX ∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙64
Consolidated Eleven-year Financial Summary∙∙∙∙∙∙68
Management Discussion and Analysis∙∙∙∙∙∙∙∙∙∙∙∙∙70
Consolidated Balance Sheet ∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙72
Consolidated Statement of Operations/
Consolidated Statement of Comprehensive Income∙∙∙∙∙73
Consolidated Statement of Changes in Equity∙∙∙∙∙∙74
Consolidated Statement of Cash Flows∙∙∙∙∙∙∙∙∙∙∙∙76
Notes to Consolidated Financial Statements∙∙∙∙∙77
INDEPENDENT AUDITOR'S REPORT∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙109
Overview of Power Generation Facilities ∙∙∙∙∙∙∙∙114
Subsidiaries and Affiliated Companies ∙∙∙∙∙∙∙∙∙∙∙115
Corporate Data ∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙119
On the Publication of the Kyuden Group Integrated
Report 2021
Introduction Strategy and Performance Data
Value Creation Story A Foundation for Creating Value02