The 2nd Quarter of the Fiscal Year Ending March 31, 2015 Financial Results Overview 〔Japan GAAP〕(Consolidated)
Kyushu Electric Power Co., Inc.
Stock code: 9508 URL: http://www.kyuden.co.jp/en_index.html
Representative: Mr. Michiaki Uriu, President
Contact: Investor Relations Group, Corporate Planning Division. Tel: +81-92-726-1575
Quarterly financial report submission date (plan): November 7, 2014
Date to start dividend payments: −
Preparation of supplementary materials for quarterly financial results: Yes
Information meeting for quarterly financial results: Yes (for analysts and institutional investors)
(Rounded dow n to the nearest million yen)
1. Consolidated Financial Results for the Six Months (April 1, 2014 to September 30, 2014)
(1) Consolidated Operational Results (% show s the changes from the same quarter period of the previous FY)
(Unit: million yen) (%) (Unit: million yen) (%) (Unit: million yen) (%)
April 1, 2014 - September 30, 2014 929,524 7.1 -16,265 ― -31,946 ―
April 1, 2013 - September 30, 2013 868,218 13.8 -58,319 ― -75,612 ―
(Note) Comprehensive income : FY2014 2Q -38,500 million yen ( −%) FY2013 2Q -51,737 million yen ( −%)
(Unit: million yen) (%)
April 1, 2014 - September 30, 2014 -35,901 ― -75.91
April 1, 2013 - September 30, 2013 -35,709 ― -75.51
(2) Consolidated Financial Position
(Reference) Shareholders' equity: As of September 30, 2014 : 536,177 million yen As of March 31, 2014: 475,533 million yen
2. Dividends
(Note) Revision of the devidend forecast : No
Year-end dividend for FY2014 ending March 31, 2015 has yet to be decided. We will promptly inform you of our forecasts
when it is possible for us to make them.
Dividends mentioned the above is regarding common shares. Regarding preferred shares which differ in shareholders’ rights from
common shares, see "Dividends for preferred shares".
3. Forecasts for Consolidated Financial Results for FY2014 (April 1, 2014 to March 31, 2015)
(Note) Revision of the devidend forecast : Yes―Stock listed on: Tokyo SE, Fukuoka SE
Sales Operating income Ordinary income
(See page 5 "(3)Explanation regarding forecasts for the consolidated operating performance" of Attached Material)
Net income EPS Fully-diluted EPS
(Unit: yen)
(Unit: yen)―Fiscal 2014 full-year performance outlook for operating income,ordinary income and net income is currently not able to be estimated due to
the difficult situations that we can not calculate fuel costs for the second half rationally under uncertain prospects of the resumption of the
operations of reactors of our nuclear power stations.
We will promptly inform you of our forecasts when it is possible for us to make them.
1Q 2Q 3Q Year-end Total
(Unit: yen) (Unit: yen) (Unit: yen) (Unit: yen) (Unit: yen)
FY2013 ― 0.00 ― 0.00 0.00
FY2014 ― 0.00
FY2014(forecast) ― ― ―
Annual dividends per share
Total assets Net assets Shareholders' equity ratio
(Unit: million yen) (Unit: million yen) (%)
As of September 30, 2014 4,637,414 555,594 11.6
As of March 31, 2014 4,549,852 494,232 10.5EPS(Unit: million yen) (%) (Unit: million yen) (%) (Unit: million yen) (%) (Unit: million yen) (%) (Unit: yen)
Full-year 1,880,000 5.0 − − − − − − −
Ordinary income Net income
Sales Operating income
※(注記) Note
(1)Changes in significant subsidiaries (changes in scope of consolidated subsidiaries) : No
Newly added: 0 Excluded: 0
(2) Adoption of methods specific in preparing quarterly consolidated financial statements in accounting practice : No
(3) Changes in accounting principles, changes in accounting estimates, restatement
1 Changes in accounting principles in line with revised accounting standards : No
2 Changes in accounting principles other than 1 : No
3 Changes in accounting estimates : No
4 Restatement : No
(4) Number of common stocks issued and outstanding
1 Total stocks including treasury stocks FY2014 2Q: 474,183,951 shares FY2013: 474,183,951 shares
2 Treasury stocks FY2014 2Q: 1,219,719 shares FY2013: 1,214,196 shares
3 Average number of shares during the period FY2014 2Q: 472,966,701 shares FY2013 2Q: 472,933,894 shares
*Notes on implementation status of quarterly review procedure
This financial results overview is not the object of quarterly review procedure based on Financial Instruments and Exchange Act,
and at the time of this disclosure, quarterly review procedure of quarterly consolidated financial reports based on Financial Instruments and Exchange Act is under implementation.
*Notes on the proper use of the forecasts
Looking-forward statements are based on information available at the date of the release of this document. Due to various factors, the actual result may differ from these statements.
We will post supplementary materials for quartely financial results on our website.
(Reference) Dividends for preferred shares
The breakdown of dividend per preferred shares which differ in shareholders’ rights from common shares is as follows.
(Note) Class A preferred shares mentioned the above were issued in August, 2014.
Year-end dividend for FY2014 ending March 31, 2015 has yet to be decided.
(Reference) Non-consolidated Financial Results Forecasts
Non-consolidated Financial Results Forecasts for FY2014 (April 1, 2014 to March 31, 2015)
(Note) Revision of financial results forecasts : Yes
(% show s the changes from the same financial periods of the previous year)
1Q 2Q 3Q Year-end Total
(Unit: yen) (Unit: yen) (Unit: yen) (Unit: yen) (Unit: yen)
FY2014 ― 0.00
FY2014(forecast) ― ― ―
Class A
preferred shares
Annual dividends per shareEPS(Unit: million yen) (%) (Unit: million yen) (%) (Unit: million yen) (%) (Unit: million yen) (%) (Unit: yen)
Full-year 1,770,000 5.2 − − − − − − −
Net income
Sales Operating income Ordinary income
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2014 2Q-1-○しろまる Table of Contents of Attached Material
1. Qualitative Information regarding Quarterly Financial Results ・・・・・・・・・・・・・ 2
(1) Explanation regarding business performance ・・・・・・・・・・・・・・・・・・・ 2
(2) Explanation regarding financial condition ・・・・・・・・・・・・・・・・・・・・ 4
(3) Explanation regarding forecasts for the consolidated operating performance ・・・・・・・ 5
2. Quarterly Consolidated Financial Statements ・・・・・・・・・・・・・・・・・・・・ 6
(1) Quarterly Consolidated Balance Sheets ・・・・・・・・・・・・・・・・・・・・・ 6
(2) Quarterly Consolidated Income Statements and Quarterly Consolidated Comprehensive Income
Statements・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 8
(3) Consolidated Statements of Cash Flow ・・・・・・・・・・・・・・・・・・・・・ 10
(4) Notes on Quarterly Consolidated Financial Statements ・・・・・・・・・・・・・・・ 12
(Notes on the premise of going concern) ・・・・・・・・・・・・・・・・・・・・ 12
(Notes in case of drastic changes in the amount of equity)・・・・・・・・・・・・・・ 12
3. Supplementary Information ・・・・・・・・・・・・・・・・・・・・・・・・・・・ 13
Income and Expenditure (Non-consolidated) ・・・・・・・・・・・・・・・・・・・・ 13
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2014 2Q
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1. Qualitative Information regarding Quarterly Financial Results
(1) Explanation regarding business performance
The Japanese economy in this period (April-September, 2014) has recovering gently as a whole while some sectors
showed weak moving in reaction to the rush demand before the sales tax up. The economy in Kyushu has also
recovering as capital investment increased steadily and employment and income environment has also becoming better.
The Kyushu Electric Power Group has faced an ongoing situation of very tight supply and demand and rapid change
in our financial status with the shutdown of all our nuclear power stations. Under these situations, we issued Class A
preferred shares in the amount of 100円 billion to allocated to the Development Bank of Japan in August,2014 to
stabilize our total operations by strengthen our equity base. We have made every effort group-wide to achieve thorough
efficiency and an early restart of our nuclear power stations.
1 Revenue and Expenditure
Under these economic conditions, on the revenue side, consolidated sales (operating revenues) increased by 7.1% to
929円.5 billion compared with the 2Q of FY2013 and the ordinary revenues increased by 7.2% to 937円.1 billion affected
by the business performances in electricity business as lighting and power revenue increased mainly due to an increase
in charge unit price with the effect of electricity rate increase conducted from last fiscal year and fuel cost adjustment
system and grant based on a feed-in tariff power purchase and sale system of renewable energy while electricity sales
volume decreased.
On the expenditure side, ordinary expenses increased by 2.0% to 969円.1 billion compared with the 2Q of FY2013
affected by the business performances in electricity business as costs for power purchases from renewable energy
increased while we made group-wide cost reduction efforts.
As a result, the ordinary loss for the 2Q of FY2014 reduced degree of loss by 43円.6 billion compared with the 2Q of
FY2013 to 31円.9 billion. The net loss for 2Q of FY2014 was 35円.9billion,same level as last fiscal year, due to a
decreased extraordinary gain according to the sales of real estate by 45円.3billion from the 2Q of FY2013.
2 Sales and Supply Overview
The demand for electric light, power for commercial operations and other general demands decreased by 7.0%
compared with the 2Q of FY2013 mainly due to a decrease in the air-conditioning demand as the temperature in May
through September was lower than the previous year’s level.
The power demand from large industrial customers increased by 0.6% compared with the 2Q of FY2013 mainly due
to an increase in production of Steel and Iron.
Consequently, the total electricity sales for the 2Q of FY2014 decreased by 4.9% to 40.22 billion kWh.
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2014 2Q
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Electricity Sales Volume
(Unit: million kWh, %)
FY2014 2Q FY2013 2Q Difference Change
(A) (B) (A-B) (A/B)
Lighting 13,040 14,028 -988 93.0
Power 2,463 2,773 -310 88.8
Demand other
than those under
Liberalization Total 15,503 16,801 -1,298 92.3
Demand under Liberalization 24,723 25,488 -765 97.0
Electricity Sales Total 40,226 42,289 -2,063 95.1
Customers other than
large-scale industrial
28,107 30,238 -2,131 93.0
Figures are
included above Large-scale industrial
customers
12,119 12,051 68 100.6
On the supply side, under the ongoing shutdown of the operations of our nuclear power stations, we have provided
electricity to our customers by adjusting own thermal facilities while demand decreased and new energy received from
other company increased.
Generated and Received Electricity
(Unit: million kWh, %)
(Note) "New Energy" includes Solar, Wind, Biomass, Waste and Geothermal.
FY2014 2Q FY2013 2Q Difference Change
(A) (B) (A-B) (A/B)
Hydro 2,523 2,133 390 118.3
(Water flow rate) (97.8) (74.3) (23.5)
Thermal 27,941 30,602 -2,661 91.3
Nuclear − − − −
(Utilization rate) (−) (−) (−)
New Energy 648 682 -34 95.0Ownfacilities
Subtotal 31,112 33,417 -2,305 93.1
From other companies
(New Energy [included above])
11,765
(2,458)
12,024
(1,331)-259(1,127)97.8(184.7)
Interchange 468 790 -322 59.3
For pumping -75 -439 364 17.1
Total 43,270 45,792 -2,522 94.5
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2014 2Q
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(2) Explanation regarding financial condition
1 Assets, debt, and shareholders’ equity overview
Assets increased by 87円.5 billion compared with the end of the previous fiscal year to 4,637円.4 billion mainly due to
an increase in current liabilities including cash and cash equivalent while fixed assets was decreased with depreciation.
Liabilities increased by 26円.2 billion to 4,081円.8 billion mainly due to an increased interest-bearing debts while it was
decreased by payment of construction costs which were accrued at the end of the previous fiscal year. The
interest-bearing debts increased by 87円.3 billion to 3,204円.0 billion.
Shareholders’ equity increased by 61円.3 billion to 555円.5 billion mainly due to the report of the net loss for this quarter
while we issued Class A preferred shares in the amount of 100円 billion to allocated to the Development Bank of Japan.
Consequently the shareholders’ equity ratio became to 11.6%.
2 Cash flow overview
Cash outflow from operating activities decreased by 70円.2 billion to 4円.0 billion from the 2Q of FY2013 mainly due to
an increase in costs for power purchases while electricity sales revenue in electricity business increased affected by the
lighting and power revenue and grant based on a feed-in tariff power purchase and sale system of renewable energy.
Cash outflow from investing activities increased by 49円.9 billion to 125円.3 billion mainly due to an increased expenses
according to the countermeasures for enhance safety of our nuclear power stations and decreased revenue affected by the
sales of fixed assets.
Cash inflow from financing activities increased by 76円.5 billion to 184円.9 billion due to an income from issuance of
Class A preferred shares.
As a result, the balance of cash and cash equivalents at the end of this 2Q increased by 56円.2 billion to 441円.0 billion.
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2014 2Q
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(3) Explanation regarding forecasts for the consolidated operating performance
Fiscal 2014 full-year performance outlook for Sales is expected to below the previous forecast to be around 1,880円.0
billion due to a decreased electricity sales volume in electricity business.
Outlook for profits is currently not able to be estimated due to the difficult situations that we can not calculate fuel
costs for the second half rationally under uncertain prospects of the resumption of the operations of reactors of our
nuclear power stations.
We will promptly inform you of our forecasts when it is possible for us to make them.
Forecast for full-year Financial Results
〔Consolidated〕
〔Non-consolidated〕
Sensitivity factors
Deference from The Previous
Forecast
The Revised
Forecast
The Previous
Forecast
Changes in Amount Rate of Changes
FY2013
(Actual)
Sales (100 million yen, %) 18,800 19,050 -250 -1.3 17,911
Operating income (100 million yen, %) − − − − -958
Ordinary income (100 million yen, %) − − − − -1,314
Net income (100 million yen, %) − − − − -960
EPS (yen) − − -230.19
Deference from The Previous
Forecast
The Revised
Forecast
The Previous
Forecast
Changes in Amount Rate of Changes
FY2013
(Actual)
Sales (100 million yen, %) 17,700 17,950 -250 -1.4 16,829
Operating income (100 million yen, %) − − − − -1,122
Ordinary income (100 million yen, %) − − − − -1,372
Net income (100 million yen, %) − − − − -909
EPS (yen) − − -192.17
The Revised Forecast The Previous Forecast
Electricity sales volume 81.5billion kWh 82.4billion kWh
Crude oil (CIF) price 107 $/b 110 $/b
Exchange rate \ 106 /$ \ 103 /$
Nuclear Utilization Rate
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2014 2Q
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2. Quarterly Consolidated Financial Statements
(1) Quarterly Consolidated Balance Sheets
As of September 30th, 2014
Assets
Fixed Assets 3,847,207 3,835,464
Utility property, plant and equipment 2,309,750 2,271,376
Hydro 302,075 290,108
Thermal 169,393 162,828
Nuclear 211,244 202,762
Internal combustion 18,229 17,772
New energy power production facilities 13,587 13,125
Transmission 639,755 628,727
Transformation 216,234 220,467
Distribution 614,425 612,781
General 119,022 117,021
Other 5,782 5,782
Other fixed assets 301,642 296,447
Construction in progress 329,749 365,119
Construction and retirement in progress 329,749 365,119
Nuclear fuel 281,522 280,192
Loaded nuclear fuel 84,127 84,127
Nuclear fuel in processing 197,395 196,065
Investments and other assets 624,541 622,328
Long-term investments 110,402 110,007
Reserve for reprocessing of irradiated nuclear fuel 261,058 259,451
Assets for retirement benefits 239 268
Deferred tax assets 146,426 146,878
Other assets 107,336 106,641
Allowance for doubtful accounts -922 -918
Current Assets 702,644 801,950
Cash and cash equivalent 379,495 427,923
Trade notes and accounts receivable 163,392 186,733
Inventories at average cost 82,559 98,897
Deferred tax assets 33,137 33,807
Other current assets 44,916 55,298
Allowance for doubtful accounts -855 -710
Assets Total 4,549,852 4,637,414
(Unit: million yen)
As of March 31st, 2014
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2014 2Q
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As of September 30th, 2014
Liabilities
Long-term Liabilities 3,429,837 3,411,290
Bonds 1,143,615 1,164,263
Long-term loans 1,653,360 1,618,575
Reserve for reprocessing of irradiated nuclear fuel 306,219 299,996
Reserve for preparation of reprocessing of irradiated nuclear fuel 26,662 27,196
Liabilities for retirement benefits 51,237 52,035
Asset retirement obligations 202,989 204,534
Deferred tax liabilities 248 293
Other fixed liabilities 45,503 44,396
Current Liabilities 625,782 670,154
Current portion of long-term debt 213,236 244,354
Short-term borrowings 118,171 118,152
Commercial paper − 69,000
Notes and accounts payable 97,402 77,981
Income tax payable 20,351 20,693
Deferred tax liabilities 74 73
Other current liabilities 176,544 139,898
Reserves under the special law − 376
Reserve for fluctuation in water levels − 376
Liabilities Total 4,055,619 4,081,820
Net Assets
Shareholders’ Equity 440,966 505,058
Paid-in capital 237,304 237,304
Additional paid-in capital 31,130 131,130
Retained earnings 174,871 138,969
Treasury stock -2,340 -2,346
Accumulated other comprehensive income 34,566 31,119
Unrealized gain on other securities 2,352 2,863
Gain on deferred hedge 4,235 5,548
Foreign currency translation adjustments -450 36
Accumulated amount of adjustments related to retirement benefits 28,429 22,671
Minority Interests 18,699 19,416
Net Assets Total 494,232 555,594
Liabilities and Net Assets Total 4,549,852 4,637,414
As of March 31st, 2014
(Unit: million yen)
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2014 2Q
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(2) Quarterly Consolidated Income Statements and Quarterly Consolidated Comprehensive Income Statements
(Quarterly Consolidated Income Statements) April 1, 2013-
September 30, 2013
April 1, 2014-
September 30, 2014
Operating Revenues 868,218 929,524
Electricity 796,513 852,971
Other 71,705 76,552
Operating Expenses 926,537 945,789
Electricity 864,216 877,572
Other 62,321 68,217
Operating Loss -58,319 -16,265
Other Revenues 6,153 7,634
Proceed from interests 1,999 2,014
Equity in earnings of affiliates 740 2,050
Other 3,413 3,568
Other Expenses 23,447 23,315
Interest expenses 19,633 20,067
Other 3,813 3,247
Total Ordinary Revenues 874,372 937,158
Total Ordinary Expenses 949,985 969,105
Ordinary Loss -75,612 -31,946
-4,308 376
Provision of reserve fluctuation in water levels − 376
Reversal of reserve fluctuation in water levels(Credit) -4,308 −
Extraordinary gain 46,384 1,076
Gain on sale of fixed assets 19,157 1,076
Gain on sale of securities 5,515 −
Gain on contribution of securities to retirement
benefit trust
21,711−-24,919 -31,247
Income Taxes 2,658 3,458
Income Taxes-Deferred 7,264 388
Income Taxes Total 9,923 3,847
Loss before Minority Interests -34,842 -35,094
Minority Interests 866 806
Net Loss -35,709 -35,901
(Unit: million yen)
Provision or reversal of reserve fluctuation in water levels
Loss before Income Taxes and Minority Interests in
income
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2014 2Q
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(Quarterly Consolidated Comprehensive Income Statements) April 1, 2013-
September 30, 2013
April 1, 2014-
September 30, 2014
Net Loss before Minority Interests -34,842 -35,094
Other comprehensive income
Unrealized gain on other securities -16,748 296
Gain on deferred hedge 903 2,107
Foreign currency translation adjustments -913 983
Adjustments related to retirement benefits -1,725 -5,801
Equity in equity method companies 1,589 -991
Total other comprehensive income -16,894 -3,405
Comprehensive income -51,737 -38,500
Comprehensive income related to
Comprehensive income related to parent company
shareholders -52,636 -38,349
Comprehensive income related to minority
interests 899 848
(Unit: million yen)
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2014 2Q
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(3) Consolidated Statements of Cash Flow
April 1, 2013-
September 30, 2013
April 1, 2014-
September 30, 2014
Operating Activities
Loss before income taxes and minority interests -24,919 -31,247
Depreciation and amortization 101,884 97,490
Decommissioning cost of nuclear power plants ‐ 1,978
Loss on disposal of property, plant and equipment 2,397 2,276
Provision for reserve for reprocessing of used fuel -6,209 -6,223
Provision for preparation for reprocessing of irradiated nuclear fuel 512 533
Increase(decrease) in liabilities for retirement benefits -4,195 -7,589
Increase (decrease) in reserve for fluctuation in water levels -4,308 376
Interest revenue and dividends received -3,083 -3,075
Interest expense 19,633 20,067
Loss on equity under the equity method -740 -2,050
Gain on sale of fixed assets -19,157 -1,076
Gain on sale of securities -5,515 ‐
Gain on contribution of securities to retirement benefit trust -21,711 ‐
Decrease in fund for reprocessing of irradiated nuclear fuel 1,575 1,606
Decrease in accounts receivable -38,344 -23,379
Decrease in inventories, principally fuel, at average cost -16,054 -16,338
Increase in accounts payable -24,326 -18,394
Other -13,690 -702
Sub Total -56,254 14,252
Receipt of interest and cash dividends 3,315 5,250
Interest paid -19,230 -20,127
Income tax paid -2,145 -3,427
Net cash provided by operating activities -74,314 -4,052
Cash Flows from Investing Activities
Purchases of property, plant and equipment -105,458 -139,851
Proceeds from contribution received for construction 4,670 12,562
Selling of property, plant and equipment 18,433 1,670
Payment for investments and other -1,395 -396
Proceeds for recoveries from investments and other 8,687 860
Other -314 -220
Net cash used in investing activities -75,376 -125,375
(Unit: million yen)
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2014 2Q
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April 1, 2013-
September 30, 2013
April 1, 2014-
September 30, 2014
Cash Flows from Financing Activities
Proceeds from issuance of bonds 104,729 89,722
Redemption of bonds -70,000 -69,800
Proceeds from long-term loans 83,843 30,726
Repayment of long-term loans -40,368 -32,705
Net increase (decrease) in short-term borrowings -2,190 260
Net increase in commercial paper 35,000 69,000
Proceeds from issuance of preferred shares ‐ 99,597
Other -2,621 -1,874
Net cash used in financing activities 108,392 184,927
Effect of exchange rate changes on cash and cash equivalents -84 758
Changes in cash and cash equivalents -41,383 56,258
Cash and cash equivalents at beginning of the fiscal year 379,207 384,769
Cash and cash equivalents at the end of the 2Q 337,824 441,027
(Unit: million yen)
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2014 2Q
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(4) Notes on Quarterly Consolidated Financial Statements
(Notes on the premise of going concern)N/A(Notes in case of drastic changes in the amount of equity)
Kyushu Electric Power Company., Inc. received payment for third-party allocation from Development
Bank of Japan Inc. on August 1, 2014. As a result, our paid-in capital and capital reserves increased 50,000円
million respectively.
At the same time, reduced our paid-in capital and capital reserves and transfer the difference to "other
capital surplus".
Consequently, accumulated additional paid-in capital of the 2Q of the current consolidated fiscal year
increased by 100,000円 million and at the end of this quarter, paid-in capital and additional paid-in capital
each became to 237,304円 million and 131,130円 million.
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2014 2Q
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3. Supplementary Information
(1) Income and Expenditure (Non-consolidated)
(Unit: 100 million yen, %)
FY2014 2Q FY2013 2Q Difference Change Composition Ratio
(A) (B) (A-B) (A/B) FY2014 2Q FY2013 2Q
Lighting 3,021 3,105 -83 97.3 34.2 37.3
Power 4,645 4,379 265 106.1 52.7 52.5
(Subtotal) (7,666) (7,484) (182) (102.4) (86.9) (89.8)
Other 1,152 850 302 135.6 13.1 10.2
[Sales] [8,769] [8,185] [584] [107.1] [99.4] [98.2]
Ordinary
Revenues
Total 8,819 8,334 484 105.8 100.0 100.0
Labor 559 558 − 100.2 6.0 6.2
Fuel 3,428 3,723 -294 92.1 37.1 41.0
Power purchase 1,942 1,681 261 115.5 21.0 18.5
Maintenance 532 456 75 116.5 5.8 5.0
Depreciation 827 866 -39 95.5 9.0 9.5
Interest 193 189 4 102.3 2.1 2.1
Tax & public dues 451 451 − 100.2 4.9 5.0
Nuclear back-end 103 98 4 104.1 1.1 1.1
Other 1,196 1,050 145 113.8 13.0 11.6
Ordinary
Expenses
Total 9,234 9,076 158 101.7 100.0 100.0
[Operating Income(Loss)] [-242] [-667] [425] [−]
Ordinary Income(Loss) -415 -741 326 −
Reserve for fluctuation in water levels 3 -43 46 −
Extraordinary Gain 86 473 -387 18.2
Income(Loss) before
income taxes
-333 -224 -108 −
Income taxes 13 64 -51 20.6
Net Income(Loss) -346 -289 -57 −
(Note) Nuclear back-end expenses include the costs below:
-Costs for reprocessing of irradiated nuclear fuel
-Costs for preparation of reprocessing of irradiated nuclear fuel
-Costs for disposal of transuranic waste
-Costs for decommissioning nuclear power plants
(Reference)
FY2014 2Q FY2013 2Q Difference
[A] [B] [A-B]
Crude oil (CIF) price 110 $/b 108 $/b 2 $/b
Exchange rate 103 \/$ 99 \/$ 4 \/$