Financial Targets to Achieve
Kyuden Group Management Vision 2030
Kyuden Group:
Creating the future, starting from Kyushu
April 20212Domestic power
business
Domestic power business
Consolidated
ordinary income of
125円 billion or more
(1) Consolidated ordinary income
 By promoting strategies to realize the Kyuden Group Management Vision 2030, we aim to achieve consolidated ordinary
income of 125円 billion or more (in FY2025)* as an intermediate target toward our 150円 billion consolidated ordinary income
in FY2030.
(* 75円 billion for domestic power business and 50円 billion for growth business)
2021 2022 2023 2024 20257502020
(2) Equity ratio
 In an increasingly competitive environment, strengthening our equity capital is essential. We will aim to achieve an equity
ratio of around 20% by the end of FY2025.
Equity ratio of
around 20%
Business Performance Targets for FY2030
Consolidated ordinary income
150円 billion20302020 2021 2022 2023 2024 2025750750
2021 2022 2023 2024 2025
2020 2030500Growth business
(other than domestic
power business)
Growth business (other than
domestic power business)
Financial Targets
Domestic
power
business50%Building
sustainable
communities
together
Energy-related
business
Overseas business50%<Reference Indicators>
 財務目標達成に向け、自己資本比率の向上、成長の源泉確保、株主還元の充実など、バランスの
取れたキャッシュ配分を行なっていきます。また、九電グループ経営ビジョン2030で掲げたその他の
目標についても、着実な進展を図っていきます。
(1) Cash flow balance at the time of target achievement (FY2025)
(2) Outlook renewable energy development, equity ownership in overseas power generation, and
overall electricity sales volume
Domestic10512095Overseas
Equity ownership in overseas
power generation
Overall electricity sales volume
Renewable energy development
2,300
4,000
2020 2025 2030
5,000(MW)Growth
investment:
5,000
Operating
cash flow:
3,400
Investment
in power
business,
etc.: 1,700
Growth
investment:
1,000FCF700
Total of FY2021–2025
Renewables
(in and
outside
Japan):
2,500 Renewables
2,500
Total of 2021–2025
1,500
Total of 2016–2020
To become carbon neutral by 2050, we
will proactively invest in renewable
energy businesses.
Effective use of
green bonds
FY2025
(Billion JPY)
(Billion JPY)
Enhance shareholder return:
Resume dividend of 50円 as soon as possible within term of financial targets
Reduce interest-bearing debts (improve
capital-to-asset ratio)
2,400
4,000
2020 2025 2030
5,000(MW)2020 2025 2030
to grow positive
FCF over five-year
total
Increase profit from growth business
ROE at around 8% (FY2025)
(Billion kWh)
 To achieve our financial targets, we aim to realize an optimal capital structure by improving our equity ratio, securing
sources of growth, and enhancing shareholder return. We will also make steady progress on the other goals set forth in the
Kyuden Group Management Vision 2030.