Financial Forecast Revision for FY2014
August 28
August 28, 201
, 20144Statements made in this overview of operations regarding Kyushu Electric Power’s strategies and
forecasts and other statements that are not historical facts are forward-looking statements based on
management’s assumptions and beliefs in light of information currently available, and should not be
interpreted as promises or guarantees. Owing to various uncertainties, actual results may differ materially
from these statements. Investors are hereby cautioned against making investment decisions solely on the
basis of forward-looking statements contained herein.
Presentation Material
【Reason for the revision of Consolidated FY2014 2nd Quarter
Financial Results Forecasts】
・ Kyushu Electric Power has announced the financial forecasts for the six months ended
September 30, 2014, profits had not fixed, taking into consideration recent trends in
electrical power supply and demand and shutdown of our nuclear power plants for the first
half.1FY2014
FY2014 2nd Quarter
2nd Quarter Financial Results
Financial Results Forecasts
Forecasts 2【 FY2014 2nd Quarter Financial Results Forecasts Summary】
・ Consolidated sales is expected to exceed the six months of FY2013 to about 930円 billion,
affected by the business performances in electricity business mainly because of the effects
of electricity rate increase from during FY2013 and increased charge unit price due to the
effect of fuel cost adjustment system in spite of decreased electricity sales volume.
・ The ordinary loss is expected to reduce degree of loss compared with the six month of
FY2013 to about 35円 billion, affected by the business performances in electricity business
because of the sales increase in spite of increased costs for power purchases from
renewable energy.
・ The net loss is expected to increase degree of loss compared with the six month of
FY2013 to about 40円 billion because of a decrease of an extraordinary gain occurred by
sales of real estates.
FY2014
FY2014 2nd Quarter
2nd Quarter Financial Results
Financial Results Forecasts
Forecasts 3FY2014
FY2014 2nd Quarter
2nd Quarter Financial Results
Financial Results Forecasts
Forecasts
(Reference)Key Fundamentals
Electricity sales Volume
Crude oil CIF price
Exchange rate
Nuclear power utilization rate
Change in
Amount
40.4 Billion kWh 42.3 Billion kWh
FY2014/2Q FY2013/2Q
▲さんかく1.9 Billion kWh
−% −% −%2$/b3\/$
102\/$ 99\/$
108$/b
110$/b
Consolidated (Billion Yen、%) Non-Consolidated (Billion Yen、%)
FY2014/2Q
(Forecast)
FY2013/2Q
(Actual results)
Change in
Amount
Rate of
Changes
FY2014/2Q
(Forecast)
FY2013/2Q
(Actual results)
Change in
Amount
Rate of
Changes
Sales 930.0 868.2 61.8 7.1 Sales 880.0 818.5 61.5 7.5
Operating Profit ▲さんかく 25.0 ▲さんかく 58.3 33.3 − Operating Profit ▲さんかく 30.0 ▲さんかく 66.7 36.7 −
Ordinary Profit ▲さんかく 35.0 ▲さんかく 75.6 40.6 − Ordinary Profit ▲さんかく 40.0 ▲さんかく 74.1 34.1 −
Net Profit ▲さんかく 40.0 ▲さんかく 35.7 ▲さんかく 4.3 − Net Profit ▲さんかく 40.0 ▲さんかく 28.9 ▲さんかく 11.1 −
Sales4<Factor of Consolidated Sales Increase +61.8>
・Increase in Electricity Sales of Lighting
including the effect of electricity rate
increase(+30.0) +23.0
・Increase of grant based on the Act on
Purchase of Renewable Energy Sourced
Electricity +31.0
<Factor of Consolidated Ordinary Loss Reduce +40.6>
・Sales Increase +61.8
・Increase in power purchase including costs from
renewable energy (▲さんかく39.0) ▲さんかく25.0
<Factor of Consolidated Net Loss Reduce ▲さんかく4.3>
・Consolidated Ordinary Loss Reduce +40.6
・Decrease of an Extraordinary Gain including
sales of real estates ▲さんかく45.0
Ordinary Loss
Net Loss
(+61.8)
(▲さんかく4.3)
FY2014
FY2014 2nd Quarter
2nd Quarter Financial Results
Financial Results Forecasts
Forecasts
(Billion Yen)
(Billion Yen)
(Billion Yen)
▲さんかく75.6
▲さんかく35.0
▲さんかく100
▲さんかく50050
▲さんかく35.7
▲さんかく40.0
▲さんかく100
▲さんかく50050
(+40.6)
868.2
930.0500550600650700750800850900950
1,000
FY2013/2Q FY2014/2Q
FY2013/2Q
FY2013/2Q
FY2014/2Q
FY2014/2Q 5【Changes from the Previous Forecast 】
・ Sales is expected to decrease from the previous forecast by 10円.0 billion affected by a
electricity sales volume decrease in electricity business.
・ Forecasts for operating income, ordinary income and net income, which had not fixed
are able to disclose at this timing.
FY2014
FY2014 2nd Quarter
2nd Quarter Financial Results
Financial Results Forecasts
Forecasts
(Reference)Key Fundamentals
Electricity sales Volume
Crude oil CIF price
Exchange rate
Nuclear power utilization rate
The Revised
Forecast
The Previous
Forecast
Change in
Amount
40.4 Billion kWh 41.7 Billion kWh ▲さんかく1.3 Billion kWh
−% −%
110$/b 110$/b −$/b
102\/$ 105\/$ ▲さんかく3\/$
Consolidated (Billion Yen、%) Non-Consolidated (Billion Yen、%)
The Revised
Forecast
The Previous
Forecast
Change in
Amount
Rate of
Changes
The Revised
Forecast
The Previous
Forecast
Change in
Amount
Rate of
Changes
Sales 930.0 940.0 ▲さんかく 10.0 ▲さんかく 1.1 Sales 880.0 890.0 ▲さんかく 10.0 ▲さんかく 1.1
Operating Profit ▲さんかく 25.0 − − − Operating Profit ▲さんかく 30.0 − − −
Ordinary Profit ▲さんかく 35.0 − − − Ordinary Profit ▲さんかく 40.0 − − −
Net Profit ▲さんかく 40.0 − − − Net Profit ▲さんかく 40.0 − − − 6【 FY2014 Financial Results Forecasts Summary(Changes from
the Previous Forecast) 】
・ Our full-year consolidated sales is expected to exceed the previous forecast to around
1,905円 billion because of an increased grant based on the Act on Purchase of
Renewable Energy Sourced Electricity in spite of decreased electricity sales volume.
・ Our year-end financial results forecasts for FY2014 are undetermined given the
unpredictability of assessing trends in electrical power supply and demand of the second
half because it is uncertain regarding the schedule for 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.
FY2014 Financial Results
FY2014 Financial Results Forecasts
Forecasts
(Reference)Key Fundamentals
Electricity sales Volume
Crude oil CIF price
Exchange rate
Nuclear power utilization rate −%
110$/b 110$/b −$/b
103\/$ 105\/$ ▲さんかく2\/$
The Revised
Forecast
The Previous
Forecast
Change in
Amount
82.4 Billion kWh 83.7 Billion kWh ▲さんかく1.3 Billion kWh
Consolidated
(Billion Yen、%)
The Revised
Forecast
The Previous
Forecast
Change in
Amount
Rate of
Changes
Sales 1,905.0 1,895.0 10.0 0.5
Non-Consolidated
(Billion Yen、%)
The Revised
Forecast
The Previous
Forecast
Change in
Amount
Rate of
Changes
Sales 1,795.0 1,785.0 10.0 0.6