Financial Data Book 2021
For the year ended March 31, 2021
Date of issue June, 2021
Table of Contents
Note:Each year in this Financial Data Book shows our company’s data of the Fiscal Year started April 1.
FY2020 dates from April 1, 2020 to March 31, 2021.
1 Electricity Demand and Electric Power Supply
・Electricity Sales ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・..
・All-electric Housing ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
・Load Factor, Peak Load ・・・・・・・・・・・・・・・・・・・・・・・・・・..・
・Generating Capacity by Energy Source ・・・・・・・・・・・....
・Electricity Generated and Purchased ・・・・・・・・・・・・・・・・・
・Nuclear Power Utilization Rate, Flow Rate,
Thermal Efficiency, Loss Rate ・・・・・・・・・・・・・・・・・・・・....
・Reserve Capacity and Reserve Margin・・・・・・・・・・・・....・
3 Key Financial Data
・Operating Revenue, Operating Income (Loss), Ordinary
Income (Loss) and Net Income (Loss) (Consolidated) ・・・
・Total Assets, Interest-Bearing Debt and
Shareholders‘ Equity (Consolidated) ・・・・・・・・・・・・・・・・・
・Free Cash Flow (Consolidated) ・・・・・・・・・・・・・・・・・・・・・
2 Capital Investment
・Capital Expenditure (Consolidated)・・・・・・・・・・・・・・・・・・・・
・Plan for Power Plant Development ・・・・・・・・・・・・・・・・・・・・
・Shareholders Breakdown ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
・Stock Price and Trade Volume ・・・・・・・・・・・・・・・・・・・・・・・・
・Rating Information ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
・Overview of Power Generation Facilities ・・・・・・・・・・・・・・・・
・Segment Information ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
・Subsidiaries and Affiliated Companies ・・・・・・・・・・・・・・・・・・
・Consolidated Balance Sheets: Assets ・・・・・・・・・・・・・・・・・・
・Consolidated Balance Sheets: Liabilities and Equity ・・・・・・
・Consolidated Statements of Income ・・・・・・・・・・・・・・・・・・・・
・Consolidated Statements of Cash Flows ・・・・・・・・・・・・・・・・
6 Other
4 Ratios
・ROE, ROA and ROIC (Consolidated)・・・・・・・・・・・・・・・・・・・
・Return on Sales, Interest Coverage Ratios,
Equity Ratio, D/E Ratio and EBITDA (Consolidated) ・・・・・・
・BPS, EPS, CFPS, PBR, PER, PCFR (Consolidated) ・・・・・
・DPS, Dividend Payout Ratio, Dividend Yield, DOE・・・・・・・・
5 Financial Statements1234567891011121314151617181920212223242729
31,151 29,990 29,509 29,792 28,518 28,100 28,535 28,603 26,531 25,046 25,229
56,323
55,362 54,278 54,658
52,761 51,110 50,084 48,173
45,688
45,352 44,157
518 2,809 5,785
3,747 5,964
7,855 7,505
10,652
87,474
85,352
83,787 84,450
81,279
79,210
82,366 82,740
80,591 80,711
85,823020,000
40,000
60,000
80,000
100,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
(GWh)
電灯 電力 九電みらいエナジー 卸売 合計
Electricity Sales
*2020 dates from April 1 ,2020 to March 31 ,2021
Note:The figures before 2015 indicate the retail electricity sales volume .The figures after 2016 indicate the retail electricity sales volume and the wholesale
electricity sales volume.
Note: For the retail electricity sales volume, the figures before 2017 indicate the electricity volume of Kyushu Electric Power Co., Inc. , the figures after 2018
indicate the electricity sales volume of Kyushu Electric power group (The figures of Kyuden Mirai Energy Co., Ltd. are listed separately, and the figures of
Kyushu Electric Power Transmission and Distribution Co., Ltd. which was spun off in April 2020 are included in "Lightning" and "Power" with Kyushu
Electric Power Co., Inc.)
Power
Lightning Kyuden Mirai Energy Wholesale1674743801854903941979
1,030
1,084
1,127
1,17143.744.438.033.937.127.630.433.438.039.036.315202530354045502003004005006007008009001,000
1,100
1,200
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020(%)(thousand households)
オール電化住宅累計戸数(千戸)
新築オール電化採用率(%)
All-electric Housing
*2020 dates from April 1 ,2020 to March 31 ,2021
The Accumulated Number of All-electric Housing (thousand households)
The Share of All-electric Housing to New Housing Construction (%)2Load Factor, Peak Load
*2020 dates from April 1 ,2020 to March 31 ,202162.768.2 67.664.066.2 65.5 64.9 65.0
62.6 62.958.840.045.050.055.060.065.070.0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Load Factor (Transmission-end)(%)1,676
1,495 1,481
1,583
1,471
1,445
1,540
1,568
1,592
1,546
1,635
1,350
1,400
1,450
1,500
1,550
1,600
1,650
1,700
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Peak Load(Transmission-end)
(10MW)
Note: Peak Load shows the average power of top three days during summer.
Note: Figures are on internal supply and demand basis till 2015, on the Kyushu area basis from 2016.3526 526 526 526 526 470 470 470 470 414 414
128 128 128 128 128
128 128 128 128
128 129
200 230 230 230 230
230 230 230 230
230 230
21 21 21 21 21
21 21 22 22
22 221010 11 15 15 28 36
246 246 246 246 246
246 246 246 246 346 346
410 410 410 410 410
410 460 460 463
463 466
502 502 452 452 452365365 327 327 190 190
2,032 2,063
2,013 2,013 2,023
1,880
1,931 1,898 1,901
1,820 1,8320500
1,000
1,500
2,000
2,500
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
(10MW)
Generating Capacity by Energy Source
Note: The figures indicate the generating capacity of Kyushu Electric Power Co., Inc., Kyushu Electric Power Transmission and Distribution
Co., Ltd., and Kyuden Mirai Energy Co., Ltd. (The generating capacity of Kyuden Mirai Energy Co., Ltd. includes investment projects,
and shows the developing capacity instead of the equity interest.
Note : ‘Other Gases’ moved from ‘oil etc.’ to ‘LNG’ from 2015.10%25%19%2%1%13%7%23%
*2020 dates from April 1 ,2020 to March 31 ,2021 4
(GWh)
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Ownfacilities
Hydro 4,051 4,760 4,704 3,773 4,121 4,804 4,788 4,653 5,099 4,810 4,730火力 LNG 17,728 26,155 29,354 31,293 30,533 24,702 26,047 24,115 12,355 6,981 13,365
Coal 15,991 17,322 15,785 17,937 17,554 16,293 17,032 16,147 13,248 18,026 18,345
Oil etc. 3,992 8,948 16,082 13,273 10,935 6,513 2,536 2,998 928 884 887
Total 37,711 52,425 61,221 62,503 59,022 47,508 45,615 43,260 26,531 25,891 32,597
Nuclear 37,375 14,481 0 0 0 8,632 12,455 14,339 28,812 28,667 21,676
New energy 1,443 1,367 1,368 1,391 1,299 1,309 1,133 1,092 1,038 1,170 1,189
Total 80,580 73,033 67,293 67,667 64,442 62,253 63,991 63,344 61,480 60,538 60,193
Interchange・Received
ElectricityfromOther
companies
Hydro 1,625 1,842 1,924 1,388 1,766 1,944 1,757 1,657 1,516 1,453 1,354
New energy 1,456 1,671 1,957 3,020 5,037 7,081 8,596 9,994 11,319 12,494 15,093
Other 12,556 16,980 19,769 19,785 16,743 14,887 9,640 6,889 3,464 13,202 16,700
Total 15,637 20,493 23,650 24,193 23,546 23,912 19,993 18,540 16,299 27,148 33,147
Used for pumped stprage - 778 - 1,033 - 641 - 576 - 205 - 677 - 1,306 - 1,627 - 2,035 - 2,229 - 2,374
Total 95,439 92,493 90,302 91,284 87,783 85,488 82,678 80,257 75,744 85,458 90,966
Note: Figures are on generation-end basis till 2015, on transmission–end basis from 2016.
Note: Till 2018, figures are of Kyushu Electric Power. From 2019, figures are of Kyushu Electric Power and consolidated subsidiaries (Kyushu Electric Power
Transmission and Distribution Co., Inc. and Kyuden Mirai Energy Co., Inc.) (internal transactions have been eliminated).
Note: Since Generated and Received Electricity has been revised to correspond to total amount of electricity sales volume, the amount of transmitted power is not
deducted from 2019.
Electricity Generated and Purchased
*2020 dates from April 1 ,2020 to March 31 ,2021
Thermal5Nuclear Power Utilization Rate, Flow Rate, Thermal Efficiency, Loss Rate81.131.4
0.0 0.0 0.020.731.9 36.773.182.062.40.020.040.060.080.0
100.0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Nuclear Power Utilization Ratio(%)90.0
105.9
112.886.7100.7
111.4 115.0
101.2 100.2
94.6 95.820.030.040.050.060.070.080.090.0
100.0
110.0
120.0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Flow Rate(%)5.04.74.44.84.74.64.84.24.65.04.54.04.24.44.64.85.05.25.45.62010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Transmission and Distribution Loss Rate(%)Note: The figures are for supply demand of Kyushu Electric Power Co., Inc.
Note: Losses in substations are not included before 2019, and included in 2020 (changes
due to the spin-off of the power transmission and distribution division in April 2020)
数値更新中
Note: Calculated on a lower heating value basis.
*2020 dates from April 1 ,2020 to March 31 ,2021 6
43.7 43.743.243.6 43.7 43.8
44.8 44.844.544.145.343.043.544.044.545.045.546.0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Thermal Efficiency(Generation-end)(%)1672581737731122526734932530321310.017.311.74.923.015.617.722.820.919.713.0051015202501002003004005002010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
供給予備力(万kW) 供給予備率(%)
(10MW) (%)
Reserve Capacity and Reserve Margin
Reserve Capacity (10MW) Reserve Margin (%)
*2020 dates from April 1 ,2020 to March 31 ,2021
Note: At the average power of top three days during summer.
Note: Figures are on internal supply and demand basis till 2015, on the Kyushu area basis from 2016.7*2020 dates from April 1 ,2020 to March 31 ,2021
Capital Expenditure (Consolidated)31003589 369842173558050010001500200025003000350040004500
2016 2017 2018 2019 2020
(100 million yen)8(100 million yen) (100 million yen) (100 million yen)
2016 2017 2018 2019 2020
Hydro 141 128 106 Hydro 147 Hydro 152
Thermal 656 526 472 Thermal 490 Thermal 8
Nuclear 728 988 1,049 Nuclear 1,593 Nuclear 1,409
New energy 31 55 34 New energy 61 New energy 109
Transmission 461 447 467 Transmission 467 Business / Other 118
Substation 152 129 200 Substation 216 Nuclear fuel 291
Distribution 314 344 314 Distribution 313 Subtotal 2,089
Business / Other 129 115 159 Business / Other 213 Hydro 1
Subtotal 2,616 2,736 2,805 Subtotal 3,504 Thermal 16
Nuclear fuel 103 448 434 Nuclear fuel 325 Transmission 389
Total 2,719 3,184 3,239 Total 3,830 Substation 197
180 200 264 130 Distribution 302
233 228 217 256 Business / Other 173
11 24 25 53 Subtotal 1,080
-43 -48 -48 -53 160
3,100 3,589 3,698 4,217 21148-31
3,558
Electric power
business
Japanese
electric power
business
Power and
Retail
businesses
TransmissionandDistribution
businesses
Energy related businesses Other energy services businesses
IT and Telecommunications businesses ICT services businesses
Other businesses Other businesses
Other businesses
Reconcilliations
Total
Reconcilliations Reconcilliations Other energy services businesses
Total Total ICT services businesses
Plan for Power Plant Development
Class Type Power plant & Unit Name Output
Construction schedule
Commencement of
construction
Commencement of
commercial operation
Under
construction
Hydro power
Shin-Takeda 8,300 kW September 2019 March 2022
Jikumaru
13,600 kW
[+1,100kW]
March 2025
In preparationforconstruction
Thermal power
(Internal-ncombustion
engine power)
Shin-Tanegashima unit 5 6,000 kW June 2023
Shin-Yoron unit 5 2,400 kW June 2024
Shin-Iki unit 5 6,000 kW June 2025
Nuclear Sendai unit 3 1,590,000 kW TBD TBD
[Power Plant Development Plan]
[Power Plant Discontinuation Plan] [Planned Suspension]
Type Power plant & unit Output Schedule
Thermal power
(Heavy crude)
Sendai unit 1 500,000 kW March 2022
Sendai unit 2 500,000 kW March 2022
Thermal power
(LNG)
Shin-Kokura unit 4 600,000 kW March 2022
Thermal power
(Internal-
combustion
engine power)
Fukuedaini
unit 1 – 4
21,000 kW April 2021
Shin-China unit 1 1,100 kW June 2021
Izuhara unit 6 – 7 6,600 kW March 2022
Type Power plant & unit Output Schedule
Thermal power
(Heavy crude)
Buzen unit 2 500,000 kW FY2018~
Note: [ ] indicates increment by update of power generation equipment.
Note: Plans for Kyushu Electric Power Co., Inc. and Kyushu Electric Power
Transmission and Distribution Co., Ltd.
Note: As of the end of June 20219(Millions of Yen)
F Y 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Operating Revenue 1,486,083 1,508,084 1,545,919 1,791,152 1,873,467 1,835,692 1,827,524 1,960,359 2,017,181 2,013,050 2,131,799
Operating Income(Loss) 98,908 (184,854) (299,428) (95,821) (43,314) 120,256 122,640 103,123 86,575 63,813 77,397
Ordinary Income(Loss) 66,747 (213,534) (331,206) (131,449) (73,693) 90,916 94,234 73,678 52,544 40,052 55,683
Net Income(Loss) 28,729 (166,390) (332,470) (96,096) (114,695) 73,499 79,270 86,657 30,970 (419) 32,167
Key Financial Data - 1 : Operating Revenue, Operating Income (Loss), Ordinary Income (Loss)
and Net Income (Loss) (Consolidated)
Note: Japanese yen figures less than a million yen are rounded down to the nearest million yen.
-400,000
-300,000
-200,000
-100,0000100,000
200,000
300,000
400,0000300,000
600,000
900,000
1,200,000
1,500,000
1,800,000
2,100,000
2,400,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
(Millions of Yen)
(Millions of Yen)
Operating Income(Loss) (Right) Ordinary Income(Loss) (Right)
Net Income(Loss) (Right) Operating Revenue(Left)
*FY2020 dates from April 1, 2020 to March 31, 202110Key Financial Data - 2 : Total Assets, Interest-Bearing Debt and Shareholders' Equity (Consolidated)11Note: Japanese yen figures less than a million yen are rounded down to the nearest million yen.
(Millions of Yen)
F Y 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Total Assets 4,185,460 4,428,093 4,526,513 4,549,852 4,784,735 4,748,237 4,587,541 4,710,073 4,794,039 4,948,063 5,126,822
Interest-Bearing Debt 2,089,417 2,483,261 2,910,724 3,116,717 3,337,982 3,224,888 3,313,957 3,243,817 3,223,166 3,406,273 3,522,649
Shareholders' Equity
(=Equity - Noncontrolling Interests)
1,062,458 870,396 539,684 475,533 431,528 479,929 550,965 629,140 639,435 610,641 653,585
*FY2020 dates from April 1, 2020 to March 31, 20210600,000
1,200,000
1,800,000
2,400,000
3,000,000
3,600,000
4,200,000
4,800,000
5,400,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
(Millions of Yen) Total Assets Interest-Bearing Debt Shareholders' Equity(=Equity - Noncontrolling Interests)
Key Financial Data - 3 : Free Cash Flow (Consolidated)
Note: Japanese yen figures less than a million yen are rounded down to the nearest million yen.
*FY2020 dates from April 1, 2020 to March 31, 2021
(Millions of Yen)
F Y 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Cash Flows from Operating Activities 301,346 16,909 (135,130) (5,922) 88,736 329,491 188,016 355,995 283,020 226,852 253,459
Cash Flows from Investing Activities (296,015) (228,279) (176,546) (184,963) (268,413) (288,321) (275,047) (321,751) (364,341) (424,623) (330,587)
Free Cash Flow 5,331 (211,370) (311,676) (190,886) (179,676) 41,169 (87,030) 34,243 (81,321) (197,770) (77,127)
-500,000
-400,000
-300,000
-200,000
-100,0000100,000
200,000
300,000
400,000
500,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
(Millions of Yen)
Cash Flows from Operating Activities Cash Flows from Investing Activities Free Cash Flow12*FY2020 dates from April 1, 2020 to March 31, 2021132.69
-17.22
-18.93
-47.16
-25.29
16.13 15.38 14.694.88-0.075.090.70
-3.86
-7.43
-2.12 -2.46
1.54 1.70 1.860.65-0.01 0.642.01-3.53
-6.05
-1.87
-0.80
2.30 2.27 1.91 1.61 1.14 1.34-50-25-20-15-10-5051015202010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020(%)ROE : Net Income (Loss)/Average Equity at beginning and ending of Fiscal Year
ROA : Net Income (Loss)/Average Total Assets at beginning and ending of Fiscal Year
ROIC: After-Tax Operating Income (Loss)/Invested Capital(=Interest-Bearing Debt+Shareholders' Equity)
Ratios - 1 : ROE, ROA and ROIC (Consolidated)
7.64
46.37
-34.54
31.11
22.39
10.22 10.23
11.10
11.08
11.11
13.48-50050100150200
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
(Times) EV/EBITDA
EV : Market Capitalization + Interest-Bearing Debt
- Cash and Cash Equivalents
EBITDA : Operating Income + Depreciation
+ Loss on Nuclear Fuel6.66-12.26
-19.37
-5.35
-2.31
6.55 6.715.264.29
3.17 3.63-24-18-12-606122010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
(%) Return on Sales
(Operating Income/Operating Revenue)3.02-5.25
-7.75
-2.26
-0.923.213.563.222.892.283.04-9-6-3036
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
(Times) Interest Coverage Ratio
((Operating Income+Interest and Dividend
Income)/Interest Expenses)8.740.50
-3.57
-0.152.218.225.1310.478.757.779.75-6-3036912
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
(Times)
Interest Coverage Ratio
(Net Cash Provided by Operating Activities
/Payment of Interest)
25.38
19.66
11.92
10.459.0210.11
12.01
13.36
13.34
12.34 12.7548121620242832
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020(%)Equity Ratio
196.66
285.30
539.34
655.42
773.53
671.95
601.48
515.59
504.06
557.82
538.971002003004005006007008009001000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020(%)Debt/Equity Ratio
Ratios - 2 : Return on Sales, Interest Coverage Ratios, Equity Ratio,
D/E Ratio and EBITDA (Consolidated)
*FY2020 dates from April 1, 2020 to March 31, 2021 14
Ratios - 3 : BPS, EPS, CFPS, PBR, PER, PCFR (Consolidated)
*FY2020 dates from April 1, 2020 to March 31, 2021
2,246.30
1,840.37
1,141.13
1,005.42
692.52
787.01
944.69
1,113.43
1,136.82
1,077.38
1,168.090500
1,000
1,500
2,000
2,500
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
(Yen)BPS555.66
146.25
-253.17
225.73
167.53
571.67
603.84 606.23
515.99
500.74
462.06-400-20002004006008002010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
(Yen)CFPS0.720.640.861.261.681.361.261.141.150.810.930.50.70.91.11.31.51.71.9
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
(Times)PBR60.73
-351.80
-242.38
-702.98
-203.19
155.17
159.97
175.56
58.05
-6.05
63.57-800-40001002002010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
(Yen)EPS2.928.065.596.951.87
1.96 2.092.531.742.36036912
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
(Times)PCFRPCFR cannot be calculated for FY2012 due to minus of CFPS.
26.766.907.417.2222.52
17.1805101520253035402010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
(Times)PERPER cannot be calculated for FY2011 to FY2014
and for FY2019 due to minus of EPS.15Ratios - 4 : DPS, Dividend Payout Ratio, Dividend Yield, DOE
*FY2020 dates from April 1, 2020 to March 31, 20216050
0 0 05152030
35 350204060802010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020DPS(Yen)3.694.24
0.00 0.00 0.000.471.271.582.304.033.21012345
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020(%)Dividend Yield2.662.45
0.00 0.00 0.000.671.731.942.67
3.16 3.12012345
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020(%)DOE (Consolidated)
98.803.229.38 11.39
51.68
55.060204060801001202010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
(%) Dividend Payout Ratio (Consolidated)
Dividend Payout Ratio cannot be calculated for FY2011
to FY2014 and for FY2019 due to minus of EPS.16Consolidated Balance Sheets: Assets
Note:Japanese yen figures less than a million yen are rounded down to the nearest million yen.
*FY2020 dates from April 1, 2020 to March 31, 2021
(Millions of Yen)
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Assets
Non-current assets:
Utility plant and equipment 2,486,150 2,494,171 2,414,522 2,309,750 2,248,572 2,319,959 2,337,449 2,286,481 2,388,366 2,476,991 2,701,288
Other non-current assets 299,138 318,204 305,774 301,642 327,314 336,714 330,060 381,712 368,086 364,850 383,892
Construction in progress 247,836 184,857 220,817 329,749 431,741 438,058 487,450 595,820 665,622 740,130 621,441
Nuclear fuel 263,380 267,124 278,941 281,522 280,616 283,227 252,138 271,742 267,824 240,942 229,765
Investments and other assets
Long-term investments 126,216 127,915 139,395 110,402 106,018 112,146 149,743 153,839 155,767 202,483 215,981
Reserve funds for reprocessing of irradiated nuclear fuel 197,273 220,293 240,155 261,058 282,071 270,095
Assets for retirement benefits 239 14,925 9,403 11,041 15,760 14,099 6,210 22,493
Deferred tax assets 136,027 178,753 176,988 146,426 127,072 136,691 129,562 195,713 189,892 164,272 143,901
Other 100,672 104,330 107,978 107,336 108,727 114,505 121,822 126,551 140,750 174,787 180,427
Allowance for doubtful accounts (1,072) (984) (984) (922) (1,339) (1,364) (1,357) (1,268) (1,916) (1,725) (1,402)
Total investments and other assets 559,118 630,309 663,534 624,541 637,475 641,477 410,811 490,596 498,592 546,027 561,401
Total non-current assets 3,855,624 3,894,665 3,883,590 3,847,207 3,925,720 4,019,437 3,817,910 4,026,352 4,188,492 4,368,942 4,497,789
Current assets:
Cash and deposits 116,338 168,283 368,995 379,495 512,472 420,340 414,476 345,701 218,236 204,040 234,163
Notes and accounts receivables - trade 100,939 115,213 123,311 163,392 179,065 171,148 191,348 216,117 228,132 235,706 258,788
Short-term investments 12,268 113,144
Inventories 58,620 77,908 73,077 82,559 81,433 59,827 64,344 70,039 91,827 83,059 70,533
Deferred tax assets 17,995 28,202 31,203 33,137 34,068 29,425 39,437
Other 24,648 31,502 47,279 44,916 52,797 48,870 60,983 52,715 68,120 57,087 69,281
Allowance for doubtful accounts (974) (827) (945) (855) (822) (813) (959) (853) (769) (773) (3,734)
Total current assets 329,836 533,427 642,922 702,644 859,015 728,799 769,630 683,720 605,547 579,121 629,032
Total assets 4,185,460 4,428,093 4,526,513 4,549,852 4,784,735 4,748,237 4,587,541 4,710,073 4,794,039 4,948,063 5,126,82217Consolidated Balance Sheets: Liabilities and Equity
Note:Japanese yen figures less than a million yen are rounded down to the nearest million yen.
*FY2020 dates from April 1, 2020 to March 31, 2021
(Millions of Yen)
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Liabilities
Non-current liabilities
Bonds payable 1,192,255 1,072,256 1,048,396 1,143,615 1,064,274 994,286 1,104,296 1,074,496 1,089,897 1,154,898 1,299,898
Long-term loans payable 516,347 1,109,344 1,469,610 1,653,360 1,773,867 1,741,967 1,684,741 1,624,600 1,576,280 1,640,896 1,645,064
Reserve for reprocessing of irradiated nuclear fuel 368,930 358,651 346,913 332,882 322,666 309,595
Provision for disaster recovery costs 188 58
Liability for retirement benefits 144,687 153,850 163,875 51,237 90,547 101,961 99,526 95,605 99,600 102,265 88,107
Asset retirement obligations 207,855 211,989 221,025 202,989 207,437 213,006 217,278 221,372 264,166 268,332 278,031
Deferred tax liabilities 17 10 5 248 527 95 354 1,597 3,682 7,534 8,280
Other 45,294 51,444 49,100 45,503 40,575 47,417 59,370 60,405 71,472 68,753 69,711
Total non-current liabilities 2,475,388 2,957,548 3,298,927 3,429,837 3,499,896 3,408,330 3,165,756 3,078,137 3,105,099 3,242,680 3,389,093
Current liabilities
Current portion of non-current liabilities 236,932 192,379 250,343 213,236 397,338 378,586 414,545 437,675 452,478 415,119 427,272
Short-term borrowings and Commercial paper 150,771 118,000 152,532 118,171 119,001 116,912 117,272 117,371 115,063 210,012 163,108
Notes and accounts payable 56,454 93,337 101,690 97,402 97,115 86,662 59,412 81,987 70,270 65,753 78,125
Accrued income taxes 34,974 17,602 17,201 20,351 27,325 29,527 17,059 45,875 20,346 19,403 38,025
Provision for disaster recovery costs 1,238 572
Deferred tax liabilities 100 87 74 66 61
Other 151,259 159,776 143,622 176,544 191,310 220,626 229,108 285,799 356,572 348,297 340,175
Total current liabilities 630,392 581,197 665,478 625,782 832,156 832,376 838,636 969,282 1,014,731 1,058,585 1,046,708
Reserve for fluctuations in water level: 1,216 4,308 1,692 7,627 8,570 8,690 8,958 8,840 8,268
Total liabilities 3,105,781 3,539,962 3,968,713 4,055,619 4,333,744 4,248,333 4,012,964 4,056,110 4,128,789 4,310,105 4,444,069
Equity
Common stock 237,304 237,304 237,304 237,304 237,304 237,304 237,304 237,304 237,304 237,304 237,304
Capital surplus 31,137 31,133 31,130 31,130 130,344 130,368 120,844 120,825 120,831 120,008 120,007
Retained earnings 788,867 594,080 252,145 174,871 60,175 133,675 212,945 282,504 300,551 276,997 291,659
Treasury stock-at cost (2,333) (2,366) (2,373) (2,340) (666) (684) (685) (668) (1,524) (1,501) (1,454)
Unrealized gain on available-for-sale securities 11,356 12,331 19,212 2,352 4,097 2,839 3,597 4,369 4,090 2,115 3,704
Deferred gain on derivatives under hedge accounting (1,871) (179) 3,747 4,235 596 (1,255) (1,389) (1,412) (4,306) 713 3,495
Foreign currency translation adjustments (2,003) (1,907) (1,481) (450) (18) (2,280) (3,590) (1,905) (3,582) (4,697) (5,169)
Defined retirement benefit plans 28,429 (305) (20,037) (18,062) (11,876) (13,928) (20,298) 4,037
Minority interests 17,220 17,735 18,114 18,699 19,462 19,973 23,611 24,822 25,814 27,316 29,166
Total equity 1,079,679 888,131 557,799 494,232 450,990 499,903 574,577 653,963 665,250 637,957 682,752
Total liabilities and equity 4,185,460 4,428,093 4,526,513 4,549,852 4,784,735 4,748,237 4,587,541 4,710,073 4,794,039 4,948,063 5,126,82218(Millions of Yen)
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Operating revenues: 1,486,083 1,508,084 1,545,919 1,791,152 1,873,467 1,835,692 1,827,524 1,960,359 2,017,181 2,013,050 2,131,799
Electric 1,354,204 1,367,610 1,406,218 1,633,023 1,719,570 1,688,328 1,681,066 1,804,418 1,844,850 1,800,189 1,876,648
Other 131,878 140,474 139,700 158,129 153,897 147,364 146,458 155,940 172,331 212,860 255,150
Operating expenses: 1,387,174 1,692,939 1,845,347 1,886,974 1,916,782 1,715,435 1,704,883 1,857,235 1,930,606 1,949,236 2,054,401
Electric 1,261,425 1,562,055 1,715,262 1,746,890 1,779,711 1,584,556 1,574,890 1,713,322 1,771,776 1,751,766 1,789,688
Other 125,748 130,883 130,085 140,083 137,070 130,879 129,993 143,913 158,829 197,469 264,713
Operating income(loss) 98,908 (184,854) (299,428) (95,821) (43,314) 120,256 122,640 103,123 86,575 63,813 77,397
Other income:
Dividend income 2,107 3,238 2,680 2,629 2,100 1,921 3,311 4,072 3,761 1,511 1,637
Interest income 3,072 3,459 3,733 3,973 4,135 4,161 2,351 314 439 837 786
Gain on sales of fixed assets 605
Gain on sales of investment securities 2,276
Share of profit of entities accounted for using equity method 1,492 956 2,015 3,152 3,400 6,052 7,211 7,257 9,247 9,884
Gain on negative goodwill 2,592
Other 3,266 3,654 5,754 5,795 6,947 4,148 5,248 3,597 6,231 5,357 4,324
Other expenses:
Interest charges 34,025 34,025 37,407 39,429 40,148 39,317 36,008 33,416 31,397 28,990 26,258
Share of loss of entities accounted for using equity method 2,822
Other 10,350 8,555 8,554 11,749 6,815 6,306 10,519 11,877 10,243 11,725 12,089
Ordinary income(loss) 66,747 (213,534) (331,206) (131,449) (73,693) 90,916 94,234 73,678 52,544 40,052 55,683
Provision for (reversal of) reserve for fluctuations in water level 1,216 3,092 (4,308) 1,692 5,934 943 119 268 (118) (572)
Extraordinary income:
Gain on sales of fixed assets 26,173 2,484 1,683
Gain on sales of investment securities 5,524 2,935
Gain on contribution of securities to retirement benefit trust 21,711
Gain on revision of retirement benefit plans 2,899
Extraordinary loss:
Loss on adjustment for changes of accounting standard
for asset retirement obligations 18,428
Contingent loss 297
Extraordinary loss on natural disaster 10,153
Income (loss) before income taxes 48,318 (214,750) (334,298) (73,732) (72,901) 92,499 82,840 73,558 52,276 40,170 56,255
Current 32,106 3,585 3,674 5,131 7,114 12,038 5,745 15,170 9,905 6,953 13,322
Prior years 494
Deferred (12,860) (52,839) (5,869) 15,655 33,210 5,320 (3,515) (29,640) 9,868 31,640 8,861
Total income taxes 19,245 (48,760) (2,195) 20,786 40,324 17,359 2,230 (14,470) 19,773 38,594 22,183
Net income(loss) 29,073 (165,990) (332,102) (94,519) (113,225) 75,140 80,610 88,028 32,502 1,576 34,071
Net income attributable to noncontrolling interests 343 400 367 1,576 1,470 1,641 1,339 1,371 1,532 1,995 1,904
Net income (loss) attributable to owners of the parent 28,729 (166,390) (332,470) (96,096) (114,695) 73,499 79,270 86,657 30,970 (419) 32,167
Consolidated Statements of Income
Note:Japanese yen figures less than a million yen are rounded down to the nearest million yen.
*FY2020 dates from April 1, 2020 to March 31, 202119(Millions of Yen)
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Cash flows from operating activities:
Income before income taxes 48,318 (214,750) (334,298) (73,732) (72,901) 92,499 82,840 73,558 52,276 40,170 56,255
Depreciation (including amortization of nuclear fuel) 259,077 244,470 212,735 202,856 193,972 203,060 215,342 210,455 238,189 261,369 205,749
Decommissioning costs of nuclear power units 7,524 3,106 2,627 1,978 4,293 4,640 4,589 4,603 10,557 9,450 10,737
Amortization of special account related to nuclear power decommissioning 821 821 821 873 2,056 1,609
Provision (reversal) of reserve for reprocessing of irradiated nuclear fuel (288) (10,279) (11,738) (14,031) (12,770) (13,071) (5,271)
Provision for reserve for decommissioning of nuclear power units
Loss on disposal of plant and equipment 8,435 9,784 8,338 6,438 6,643 6,833 7,261 7,999 5,843 4,874 6,106
Increase (decrease) in liability for retirement benefits 2,986 9,129 10,024 (10,577) (5,823) 440 2,943 3,559 988 793 650
(21,711) (2,899)
Provision (reversal) of reserve for fluctuation in water level (4,308) 1,692 5,934 943 119 268 (118) (572)
Gain on sales of fixed assets (26,173) (2,484) (1,683)
Gain on sales of investment securities (5,524) (2,935)
Payments of accrued contributions for reprocessing of irradiated nuclear fuel (36,123)
18,428
(29,503) (23,020) (19,862) (20,902) (21,012) 11,975 15,409
Share of loss (profit) of entities accounted for using equity method 2,822 (9,247) (9,884)
Decrease (increase) in trade receivables (40,493) (15,489) 8,209 (20,521) (25,108) (12,546) (7,074) (22,565)
Decrease (increase) in inventories, principally fuel (9,481) 1,125 21,606 (4,366) (5,693) (20,508) 8,766 12,519
Increase (decrease) in trade payables (5,534) 1,697 (12,796) (27,701) 22,983 (12,493) (5,083) 12,889
Increase (decrease) in accrued expenses 32,459 (35,473) 7,641
Income taxes paid (34,741) (20,523) (3,976) (3,965) (5,812) (10,001) (9,679) (5,932) (19,367) (5,963) (7,315)
Other-net 21,108 18,992 1,019 19,239 15,606 16,855 (38,470) 68,629 3,658 (37,669) (20,361)
Net cash (used in) provided by operating activities 301,346 16,909 (135,130) (5,922) 88,736 329,491 188,016 355,995 283,020 226,852 253,459
Cash flows from investing activities:
Capital expenditures including nuclear fuel (243,749) (229,351) (183,922) (236,378) (293,944) (318,495) (304,688) (352,763) (377,408) (425,054) (351,764)
Proceeds from contribution in aid of construction 12,858 23,259 17,859 27,006 24,905 40,751 38,444 31,638
Proceeds from sales of fixed assets 27,591 3,137
Payments for investments and advances (64,210) (6,729) (442) (2,966) (679) (2,314) (5,542) (6,518) (27,318) (58,525) (27,461)
8,547 4,204 3,640 14,845 3,181 12,506 5,645 12,340 9,996 14,020 15,391
Other-net 3,397 3,596 4,177 (915) (3,368) 2,121 2,531 285 (10,362) 6,492 1,608
Net cash used in investing activities (296,015) (228,279) (176,546) (184,963) (268,413) (288,321) (275,047) (321,751) (364,341) (424,623) (330,587)
Cash flows from financing activities:
Proceeds from issuance of bonds 129,573 139,736 194,488 139,570 59,821 299,365 189,396 209,288 259,154 288,619
Repayments of bonds (69,950) (150,000) (120,000) (163,842) (99,800) (219,360) (130,000) (190,000) (219,800) (194,600) (195,000)
Proceeds from long-term loans 88,829 657,634 439,967 280,344 275,475 200,167 161,130 150,414 200,514 271,470 277,009
Repayments of long-term loans (103,870) (80,553) (69,296) (76,447) (102,184) (161,299) (241,235) (217,915) (207,582) (248,443) (205,384)
Net increase(decrease) in short-term borrowings and commercial paper 38,884 (32,770) 34,531 (34,011) 1,379 (1,538) 210 (1,200) (2,311) 94,948 (46,903)
Cash dividends paid (28,413) (28,408) (9,489) (98) (90) (76) (9,583) (17,065) (15,300) (18,820) (17,450)
Other-net (2,111) (2,582) (3,200) (4,036) 96,456 (3,899) (1,507) (3,962) (5,525) (5,709) (5,340)
Net cash provided by (used in) financing activities 52,942 363,319 412,248 196,397 310,807 (126,184) 78,380 (90,334) (40,716) 157,999 95,549
Foreign currency translation adjustments on cash and cash equivalents (484) 7 690 51 579 (2,327) (1,276) 2,134 1,426 (16) (72)
Net increase (decrease) in cash and cash equivalents 57,789 151,956 101,262 5,561 131,710 (87,342) (9,926) (53,955) (120,611) (39,787) 18,35062020 9 65
Cash and cash equivalents at beginning of year 68,178 125,988 277,945 379,207 384,769 516,480 429,757 419,831 365,875 245,273 205,485
Cash and cash equivalents at end of year 125,988 277,945 379,207 384,769 516,480 429,757 419,831 365,875 245,273 205,485 223,901
Gain on contribution of securities to retirement benefit trust
and Gain on revision of retirement benefit plans
Decrease (increase) in reserve funds for reprocessing of irradiated nuclear fuel
Loss on adjustment for changes of accounting standard
for asset retirement obligations
Proceeds from sales of investment securities and collections of advances
Cash and cash equivalents of newly consolidated subsidiaries
beginning of year
Cash and cash equivalents of a nonconsolidated subsidiary
merged with a consolidated subsidiary
Consolidated Statements of Cash Flows
Note:Japanese yen figures less than a million yen are rounded down to the nearest million yen. *FY2020 dates from April 1, 2020 to March 31, 202120Shareholders Breakdown
Note: The total value may not reach 100 because it has not been rounded.
*FY2020 dates from April 1, 2020 to March 31, 2021
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Shares outstanding 474,184 474,184 474,184 474,184 474,184 474,184 474,184 474,184 474,184 474,184 474,184
Number of shareholders by ownership (Shareholders)
Individuals and others 183,074 179,204 172,548 160,749 161,431 156,986 149,262 142,434 134,891 141,278 136,199
National government and local public organizations 26 26 26 26 26 26 26 26 26 25 25
Financial institutions 207 160 125 108 102 106 102 94 95 103 101
Domestic companies 1,219 1,169 1,121 1,052 1,077 1,093 1,073 1,034 998 1,042 1,019
Foreign individuals and companies 413 393 410 451 481 536 552 578 620 547 551
Securities firms 70 69 62 55 71 74 59 55 52 58 57
Others 1 1 1 1 1 1 1 1 1 1 1
Total 185,010 181,022 174,293 162,442 163,189 158,822 151,075 144,222 136,683 143,054 137,953
Percentage of total (%)
Individuals and others 98.95 98.99 98.99 98.95 98.92 98.84 98.80 98.76 98.69 98.76 98.73
National government and local public organizations 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Financial institutions 0.11 0.08 0.07 0.06 0.06 0.07 0.07 0.07 0.07 0.07 0.07
Domestic companies 0.65 0.64 0.64 0.64 0.66 0.69 0.71 0.72 0.73 0.73 0.74
Foreign individuals and companies 0.22 0.21 0.23 0.27 0.29 0.34 0.37 0.40 0.45 0.38 0.40
Securities firms 0.03 0.03 0.03 0.03 0.04 0.05 0.04 0.04 0.04 0.04 0.04
Others 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Number of shareholdings by type of shareholder (thousand share)
Individuals and others 173,363 171,140 169,386 154,408 166,673 162,776 153,020 145,991 133,659 145,300 135,933
National government and local public organizations 4,169 4,168 4,196 4,196 4,196 4,196 4,196 4,196 4,195 4,194 4,194
Financial institutions 209,141 204,613 199,545 201,882 190,881 196,782 196,879 205,989 216,707 213,828 216,913
Domestic companies 29,354 28,099 24,801 22,356 23,005 22,797 23,264 22,076 21,706 22,281 21,268
Foreign individuals and companies 50,889 56,414 72,009 85,880 82,399 80,492 89,210 88,535 89,863 79,185 84,767
Securities firms 6,362 8,811 3,299 4,500 6,838 6,936 7,396 7,177 7,821 9,152 10,855
Others 906 939 948 963 193 206 220 220 233 245 255
Total 474,184 474,184 474,184 474,184 474,184 474,184 474,184 474,184 474,184 474,184 474,184
Percentage of total (%)
Individuals and others 36.56 36.09 35.72 32.56 35.15 34.33 32.27 30.79 28.19 30.64 28.67
National government and local public organizations 0.87 0.87 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88
Financial institutions 44.10 43.15 42.08 42.57 40.25 41.50 41.52 43.44 45.70 45.09 45.74
Domestic companies 6.19 5.92 5.23 4.71 4.85 4.80 4.91 4.66 4.58 4.70 4.49
Foreign individuals and companies 10.73 11.89 15.18 18.11 17.38 16.97 18.81 18.67 18.95 16.70 17.88
Securities firms 1.34 1.85 0.69 0.94 1.44 1.46 1.56 1.51 1.65 1.93 2.29
Others 0.19 0.19 0.20 0.20 0.04 0.04 0.05 0.05 0.05 0.05 0.05
Total 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.0021Stock Price and Trade Volume
■しかくTrade volume (Left)
Share price (Right)
(million shares) (Yen)22Rating Information
Rating Agency Long-Term Debts Short-Term Debts
Moody'sA3(Seventh grade)-Rating and Investment
Information,Inc.
(R&I)A(Sixth grade)a-1(Second grade)
Japan Credit Rating
Agency,Ltd.
(JCR)AA-(Fourth grade)J-1+(Top grade)
As of June 202123Nuclear Power(2 facilities/maximum output 4,140,000kW)
Station name Maximum output(kW) Operation Commencement date System Location
Genkai 2,360,000 (×ばつ2) Mar. 1994 Pressurized water reactor Genkai-cho, Higashi Matsuura-gun, Saga Pref.
Sendai 1,780,000 (×ばつ2) Jul. 1984 Pressurized water reactor Satsumasendai-shi, Kagoshima Pref.
Thermal Power(7 facilities/maximum output 9,615,000kW)
Station name Maximum output(kW) Operation Commencement date System Location
Shin Kokura 1,800,000 (×ばつ3) Sep. 1978 LNG Kokura Kita-Ku, Kitakyushu-shi, Fukuoka Pref.
Karita 360,000 (×ばつ1) Jul. 2001 Coal Kanda-machi, Miyako-gun, Fukuoka Pref.
Buzen 500,000 (×ばつ1) Jun. 1980 Heavy oil, crude oil Buzen-shi, Fukuoka Pref.
Matsuura 1,700,000 (×ばつ1 ×ばつ1) Jun. 1989 Coal Matsuura-shi, Nagasaki Pref.
Shin Oita
2,855,000 (×ばつ6, ×ばつ3, ×ばつ1)
Jun. 1991 LNG Oita-shi, Oita Pref.
Reihoku 1,400,000 (×ばつ2) Dec. 1995 Coal Reihoku-machi, Amakusa-gun, Kumamoto Pref.
Sendai 1,000,000 (×ばつ2) Jul. 1974 Heavy oil, crude oil Satsumasendai-shi, Kagoshima Pref.
Geothermal Power(6 facilities/maximum 213,200kW)
Station name Maximum output(kW) Operation Commencement date Location
Hatchoubaru 110,000 Jun. 1977 Kokonoe-machi, Kusu-gun, Oita Pref.
Hatchoubaru Binary 2,000 Apr. 2006 Kokonoe-machi, Kusu-gun, Oita Pref.
Takigami 27,500 Nov. 1996 Kokonoe-machi, Kusu-gun, Oita Pref.
Otake 13,700 Aug. 1967 Kokonoe-machi, Kusu-gun, Oita Pref.
Yamagawa 30,000 Mar. 1995 Ibusuki-shi, Kagoshima Pref.
Ogiri 30,000 Mar. 1996 Kirishima-shi, Kagoshima Pref.
Overview of Power Generation Facilities
(Kyushu Electric Power) *As of March 31, 2021
Note: The Operation Commencement date is the year of the oldest unit in operation.24Hydro electric Power(138 facilities/maximum output 3,580,328kW)
Station name Maximum output(kW) Operation Commencement date System Location
Tenzan 600,000 (×ばつ2) Dec. 1986
Dam and conduit system
(pure pumped-storage)
Karatsu-shi, Saga Pref.
Matsubara 50,600 Aug. 1971 Dam system Hita-shi, Oita Pref.
Yanagimata 63,800 Jun. 1973 Dam and conduit system Hita-shi, Oita Pref.
Ohira 500,000 (×ばつ2) Dec. 1975
Dam and conduit system
(pure pumped-storage)
Yatsushiro-shi, Kumamoto Pref.
Kamishiiba 93,200 May 1955 Dam and conduit system Shiiba-son, Higashi Usuki-gun, Miyazaki Pref.
Iwayado 52,000 Jan. 1942 Dam and conduit system Shiiba-son, Higashi Usuki-gun, Miyazaki Pref.
Tsukabaru 67,050 Oct. 1938 Dam and conduit system Morotsuka-son, Higashi Usuki-gun, Miyazaki Pref.
Morotsuka 50,000 Feb. 1961 Dam and conduit system Morotsuka-son, Higashi Usuki-gun, Miyazaki Pref.
Hitotsuse 180,000 Jun. 1963 Dam and conduit system Saito-shi, Miyazaki Pref.
Oyodogawa Daiichi 55,500 Jan. 1926 Dam system Miyakonojo-shi, Miyazaki Pref.
Oyodogawa Daini 71,300 Mar. 1932 Dam and conduit system Miyazaki-shi, Miyazaki Pref.
Omarugawa 1,200,000 (×ばつ4) Jul. 2007
Dam and conduit system
(pure pumped-storage)
Kijo-cho, Koyu-gun, Miyazaki Pref.
Overview of Power Generation Facilities
(Kyushu Electric Power) *As of March 31, 2021
Note: The Operation Commencement date is the year of the oldest unit in operation.
Note: with outputs of 50,000kW or higher25Internal Combustion Power(31 facilities/maximum output 395,250kW)
Station name Maximum output(kW) Operation Commencement date Location
Shinarikawa 60,000 Jun. 1982
Shinkamigotou-chou, Minami matsuura-gun,
Nagasaki Pref.
Toyotama 50,000 Jun. 1978 Tsushima-shi, Nagasaki Pref.
Tatsugo 60,000 Jun. 1980 Tatsugo-chou, Ooshima-gun, Kagoshima Pref.
Wind Power(1 facilities/maximum output 250kW)
Station name Maximum output(kW) Operation Commencement date Location
Koshikijima wind power 250 Mar. 2003 Satumasendai-shi, Kagoshima Pref.
Hydro electric Power(5 facilities/maximum output 3,723kW)
Overview of Power Generation Facilities
(Kyushu Electric Power Transmission and Distribution ) *As of March 31, 2021
Note: The Operation Commencement date is the year of the oldest unit in operation.
Note: including gas turbines on isolated islands
Note: with outputs of 50,000kW or higher26F Y 2010 2011 2012 2013 2014 2015 2016 2017
Electric power business
Sales by Segment
Segment Operating Income (Loss)
Segment Assets
1,356,317
86,598
3,741,007
1,369,537
(199,995)
3,962,355
1,408,339
(312,666)
4,053,317
1,634,829
(121,615)
4,057,306
1,721,869
(68,481)
4,235,616
1,692,316
96,183
4,155,999
1,685,082
98,365
3,972,388
1,808,311
81,422
4,038,218
Energy related businesses
Sales by Segment
Segment Operating Income (Loss)
Segment Assets
158,015
3,023
300,946
164,557
4,779
312,340
160,634
2,578
325,456
171,007
10,367
345,698
186,672
10,983
375,418
184,649
10,852
419,465
185,220
10,088
453,092
191,470
11,732
487,956
IT and Telecommunications
businesses
Sales by Segment
Segment Operating Income (Loss)
Segment Assets
96,227
6,484
147,889
96,963
6,628
146,244
94,581
7,600
141,469
89,748
11,342
136,493
96,550
11,419
176,152
103,557
10,277
186,791
101,440
8,499
183,795
106,687
7,321
185,515
Other businesses
Sales by Segment
Segment Operating Income (Loss)
Segment Assets
26,097
3,380
154,974
27,310
3,145
155,274
27,281
2,477
149,749
27,142
3,266
136,780
25,732
3,677
141,491
26,804
4,327
142,522
24,917
4,528
142,460
25,581
4,824
149,412
Reconciliations
Sales
Segment Operating Income (Loss)
Segment Assets
(150,574)
(578)
(159,357)
(150,283)587(148,121)
(144,918)581(143,479)
(131,573)818(126,427)
(157,356)
(914)
(143,943)
(171,634)
(1,384)
(156,541)
(169,136)
1,159
(164,196)
(171,691)
(2,177)
(151,029)
Consolidated financial statements
Sales
Segment Operating Income (Loss)
Segment Assets
1,486,083
98,908
4,185,460
1,508,084
(184,854)
4,428,093
1,545,919
(299,428)
4,526,513
1,791,152
(95,821)
4,549,852
1,873,467
(43,314)
4,784,735
1,835,692
120,256
4,748,237
1,827,524
122,640
4,587,541
1,960,359
103,123
4,710,073
Segment Information (1/2)
*FY2020 dates from April 1, 2020 to March 31, 2021
(Millions of Yen)27F Y 2018 2019
Energy
services
businesses
Japanese electric power businesses
Sales by Segment
Segment Operating Income (Loss)
Segment Assets
1,858,807
64,815
4,109,204
1,848,395
42,471
4,230,126
16,584
Other energy services businesses
Sales by Segment
Segment Operating Income (Loss)
Segment Assets
203,290
11,669
472,178
193,970
11,464
535,988
17,073
ICT services businesses
Sales by Segment
Segment Operating Income (Loss)
Segment Assets
105,447
4,860
188,273
112,696
6,257
190,967
3,995
Other businesses
Sales by Segment
Segment Operating Income (Loss)
Segment Assets
29,510
6,025
171,603
28,851
4,833
181,174
4,611
Reconciliations
Sales by Segment
Segment Operating Income (Loss)
Segment Assets
(179,874)
(795)
(147,219)
(170,863)
(1,213)
(190,193)
(2,212)
Consolidated financial statements
Sales by Segment
Segment Operating Income (Loss)
Segment Assets
2,017,181
86,575
4,794,039
2,013,050
63,813
4,948,063
40,052
F Y 2020
Energy
services
businesses
Japanese
electric
power
businesses
Power and Retail businesses
Sales by Segment
Segment Ordinary Income (Loss)
Segment Assets
1,890,815
(564)
4,090,421
Transmission and Distribution businesses
Sales by Segment
Segment Ordinary Income (Loss)
Segment Assets
599,290
29,101
1,879,200
Other energy services businesses
Sales by Segment
Segment Ordinary Income (Loss)
Segment Assets
185,328
17,632
553,686
ICT services businesses
Sales by Segment
Segment Ordinary Income (Loss)
Segment Assets
115,016
6,891
196,678
Other businesses
Sales by Segment
Segment Ordinary Income (Loss)
Segment Assets
29,486
4,263
138,132
Reconciliations
Sales by Segment
Segment Ordinary Income (Loss)
Segment Assets
(688,137)
(1,641)
(1,731,296)
Consolidated financial statements
Sales by Segment
Segment Ordinary Income (Loss)
Segment Assets
2,131,799
55,683
5,126,822
Segment Information (2/2)
Ordinary
Income
(Loss)
Ordinary
Income
(Loss)
Ordinary
Income
(Loss)
Ordinary
Income
(Loss)
Ordinary
Income
(Loss)
Ordinary
Income
(Loss)
(Millions of Yen) (Millions of Yen)
*FY2020 dates from April 1, 2020 to March 31, 2021
Note1: Due to the change of our segments classification, Kyuden Mirai Energy Company, which was classified as "Energy related businesses" until FY2017, has been
classified as "Japanese electric power businesses" since FY2018. In addition, we split off our power transmission and distribution business into a separate entity
named Kyushu Electric Power Transmission and Distribution Company in April 2020. With this change, Kyushu Electric Power Company and Kyuden Mirai Energy
Company have been classified as "Power and Retail businesses", and Kyushu Electric Power Transmission and Distribution Company has been classified as
"Transmission and Distribution businesses" since FY 2020.
Note2: The profit of the reporting segment has been changed from the operating income to the ordinary income since FY 2020.28Subsidiaries and Affiliated Companies29Consolidated subsidiaries (46 companies) Non-consolidated Subsidiaries and Affiliates (40 companies)
Company Company
Japanese electric power business Other energy services businesses
1 1 Washiodake Wind Power Co., Ltd.
2 Kyuden Mirai Energy Company, Inc. 2 Nishigi Surveying and Design Co., Ltd.
Other energy services businesses 3 Munakataasty Solar Power Co.Ltd
1 Kyuden International Corporation 4 QE1 Flexibility Services LLC
2 Oita Liquefied Natural Gas Company, Inc. 5 Amami Oshima Wind Power Co., Ltd.
3 Kitakyushu Liquefied Natural Gas Company Inc. 6
4 Kushima Wind Hill Corporation 7
5 Nishinippon Environmental Energy Company, Incorporated 8
6 Kyushu Rinsan Co.,Inc. 9 Thermochem, Inc.
7 Nagashima Windhill Co.,Ltd. 10 Tobata Co-operative Thermal Power Co., Inc.
8 Fukuoka Energy Service Co., Inc. 11 Kyudenko Corporation
9 Kyuden Technosystems Corporation 12 Fukuoka Clean Energy Co., Ltd.
10 Kyuden High Tech Corporation 13 Oita Co-operative Thermal Power Co., Inc.
11 NISHI NIPPON AIRLINES CO., LTD. 14 Kyushu Cryogenics Co., Ltd.
12 Nishinippon Plant Engineering and Construction 15 Kyuhen Co., Ltd.
13 Kyushu Kouatsu Concrete Industries Co., Ltd. 16 Seishin Corporation
14 KYUDEN SANGYO CO .,Inc. 17 Nishikyushu Kyodo Kowan Co., Ltd.
15 Miyazaki Biomass Recycling Co., Ltd. 18 Kyuken Corporation
16 WEST JAPAN ENGINEERING CONSULTANTS, Inc. 19 Nishi Nihon Denki Tekkou Co.,Ltd.
17 Koyou Denki Kogyo Co.,Ltd. 20 Lion Power(2008) Pte. Ltd.
18 Nishigi Kogyo 21 Electricidad Aguila de Tuxpan,S.deR.L.deC.V
19 Shimonoseki Biomass Energy GK. 22 Electricidad・Sol de Tuxpan,S.deR.L.deC.V
20 23 Hsin Tao Power Corporation
21 24
22 KYUDEN SARULLA PTE.LTD. 25 TEPDIA Generating B.V.
23 Kyuden International Netherlands b.v. 26 Sojitz Birdsboro LLC
24 Kyuden Hsin Tao Power Holdings Co.,Ltd. 27 AEIF Kleen Investor, LLC
25 28 DGC Westmoreland, LLC
26 Kyuden International Americas Inc. ICT services businesses
27 Kyuden International Europe B.V. 1
28 Kyuden International Kleen, LLC 2
29 3 RKKCS Soft Co., Ltd.
30 Other businesses
ICT services businesses 1 Kyushu Highlands Development Co., Ltd.
1 QTnet, Inc. 2 Records & Intelligence Management Co., Ltd
2 Nishimu Electronics Industries, Co., Ltd. 3 Q-caption Center
3 Kyuden Business Solutions Co.,Inc 4 Sengoku Co., Ltd.
4 5 Oak Partners Co.,Ltd.
Other businesses 6
1 DENKI BLDG. Co., Ltd. 7 Hakata Naka6 Kaihatsu Tokutei Mokuteki kaisha
2 Kyuden Good Life Company, Inc. 8 Kyushu Housing Guarantee Corporation
3 Kyuden Good Life Company, Inc. Higashi Fukuoka 9 Fukuoka Airport Holdings Co.,Ltd.
4 Kyuden Good Life Company, Inc. Fukuoka Josui
5 Kyuden Good Life Company, Inc. Kumamoto
6 Kyuden Good Life Company, Inc. Kagoshima
7 Kyuden Business Front Inc.
8 Kyuden Fudousan Co.,Ltd
9 Kyuden Business Partner Co.,Inc.
10 Kyushu Maintenance Co.,Ltd. As of March, 2021
Kyushu Electric Wheatstone Pty Ltd Kyushu Tohoku Enrichment Investing SAS
Kyushu Electric Power Transmission and Distribution Co. Inc.
KYUDEN INNOVATECH VIETNAM CO., LTD.
Kyuden Ilijan Holding Corporation
PT. Thermochem Indonesia
Kyushu Electric Australia Pty Ltd
Kyuden Urban Development America, LLC
Pacific Hope Shipping Limited
NETWORK APPLICATION ENGINEERING LABORATORIES LTD.
QTmedia, Inc.
Kyuden International South Field Energy, LLC
Kyuden International Westmoreland, LLC
RKKCS Co., Ltd.
[Disclaimer]
Information contained here in is provided solely for informational purposes and is not an offer or a
solicitation of an offer to buy or sell securities. You are requested to make investment decisions with
your own judgement.
Although Kyushu Electric Power has made enough effort to ensure the accuracy of information
provided here in, Kyushu Electric Power assumes no responsibility for any damages or liabilities
including, but not limited to, those due to incorrect information or any problems.
For more information, please contact:
Investor Relations Group
Corporate Strategy Division
KYUSHU ELECTRIC POWER CO.,INC
TEL +81 92 726 1575
URL: https://www.kyuden.co.jp/english_index.html