Presentation Materials for IR meeting
May 9,
May 9, 20162016Section1
Section1 Business Update
Business Update
Section2
Section2 Financial Results of FY2015
Financial Results of FY2015 1Table of Contents
Table of Contents(
(Section1 Business Update
Section1 Business Update))1
1 Business Update
Business Update
(1) Strategy to make the most of the upcoming total liberalization of electricity
retailing (in Kyushu)・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 2
(2) Initiatives for boosting power supply competitiveness and introducing
renewable energy・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 6
(3) Activities for resuming operation of the Genkai Nuclear Power Station・・・・・・・10
(4) Reference Materials
・Introduction of an in-house company system for the power transmission and
distribution business, etc.・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 14
・Mutual cooperation in the nuclear power business・・・・・・・・・・・・・・・・・・・・・・・・ 15
・Initiatives to develop power sources outside of Kyushu・・・・・・・・・・・・・・・・・・・・16
・Overview of the Kumamoto earthquakes and their impact on our company・・ 18
・Initiatives to Achieve Greater Operational Efficiency・・・・・・・・・・・・・・・・・・・・・・・ 22
・Major plans to develop or abolish power sources・・・・・・・・・・・・・・・・・・・・・・・・・・23 2For families
Smart Family Plan
For customers
using at night or in holidays
Electric Night Select Plan
For private shops
Smart Business Plan
o Recommended for customers
using more 350kWh/month.
o Prepared the option "Discount for
two-years contract".
o Recommended for customers
making their homes all-electric.
o Prepared three types of night time
fitting customers life style.
121:00~7:00 222:00~8:00 323:00~9:00
o Recommended for customers
using more 550kWh/month.
Strategy to make the most of the upcoming total liberalization o
Strategy to make the most of the upcoming total liberalization offelectricity retailing (in Kyushu)
electricity retailing (in Kyushu)
The New Rate Plans
○しろまる Various initiatives are underway to achieve our 2030 vision of becoming "the corporate group that provides
Japan's best energy services" as set forth in the Kyuden Group's medium-term management plan last April.
○しろまる We introduced three new pricing plans to accommodate the diversifying lifestyles and life patterns of
customers who use power in their homes, stores, and elsewhere.
- Intensive power users :『Smart Family Plan』『Smart Business Plan』
- Customers who consume more power at night and on the weekends :『Electric Night Select Plan』 3Liberalization in Kyushu
○しろまる As of April 28, we had received roughly 56,300 applications for our new pricing plans.
○しろまる As of April 22, about 20,700 customers had switched* from our company to another.
(ca. 0.3% of low-voltage agreements)
※(注記)Suspended new contract
from April,2016
22:008:0010:00
17:00
Night time
Daytime Living Time
Application Number
About 37,700
* According to the official announcement by the Organization for Cross-regional Coordination of Transmission Operators, Japan
For families
Smart Family Plan
For private shops
Smart Business Plan
For customers
using at night or in holidays
Electric Night Select Plan
(Former Plan) JPY/kWh
(Lower) (Middle) (Higher)
(Former Plan) JPY/kWh
Application Number
About 9,300
(Former Plan)
(Smart Family Plan)
(Smart Family Plan)
Living Time
Application Number
About 9,300
Weekday
Holiday
Daytime
Night time
21:00
22:00
23:00
21:00
22:00
23:008:007:00
9:00 9:008:007:00
Summer, Winter:26.34
Spring, Autumn:23.50
Summer, Winter:20.82
Spring, Autumn:17.49
JPY/kWh
JPY/kWh
(Electricity Ammount)
(Electricity Ammount) 4"Q point for comfort"(point service)
●くろまる Ponts given according to used amount of electricity
●くろまる Points that never disappear and keep on accumulating
●くろまる Prizes given by lottely according to points
"Kyushu electric safe support"
●くろまるProvided one stop services for difficulties in lives
oMonitoring Support ( Monitoring senior customers by used amounts. )
oDaily Lives Support ( e.g. cleaning, baby-sitting, pruning )
oElectric Support ( e.g. leakage, damaged breaker )
oFilial support (visiting parents' remote homes on behalf of customers )
New Services
○しろまる New services to offer more benefits besides just a competitive price
Member’s website "Kirei Life Plus"
●くろまる Visualized consumption
●くろまる Notification of the optimal price plan
●くろまる Up-to-date local information provided by mobilizing our network of sales offices
throughout the Kyushu region 5Strategies beyond the Kyushu region
○しろまる Kyuden Mirai Energy, our 100%-owned subsidiary, began to sell electricity in the Kanto region in April
2016.
○しろまる Kyushu Electric Company and Kyuden Mirai Energy will continue to build up the Kyuden Group's revenue
base through proactive business operation.
○しろまる We set a target of winning 10,000 contracts for FY 2016.
Strategy to make the most of the upcoming total liberalization o
Strategy to make the most of the upcoming total liberalization offelectricity retailing (
electricity retailing (Outside
Outside Kyushu)
Kyushu)
Customers with contracted
capacity of 6kVA or more
Basic Plan L
Customers with contracted
current of 40 A, 50 A, or 60 A
Basic Plan MRatePlan
Kanto region
(excluding some customers
living on remote islands and
apartments that have signed
up for high-voltage lump-sum
power contracts)
Sales Area
Contents
Items 6※(注記)Operation of Matsuura No.2 will start sooner to ensure competitiveness.
Initiatives for boosting power supply competitiveness and introd
Initiatives for boosting power supply competitiveness and introducing
ucing
renewable energy
renewable energy
[Boosting competitiveness of our own steam-power stations]
December 2019
1,000MW
Matsuura No.2CoalJuly 2016
459.4MW
Shin oita ×ばつ4LNGEstablishment
FY2018〜
875MW
Ainoura No.1 and 2OilPlaned Shutdown
FY2017
375MW
Karita No.1OilDecommissioning
Schedule
Output
Station NameFuel○しろまる We will combine decommissioning and planned shutdown of aging heavy-oil-fired thermal power stations
with the establishment of new highly efficient LNG- and coal-fired thermal power stations in order to boost
the competitiveness of steam-power stations.
Boosting power supply competitiveness
(Total 9.81GW)
Coal 2.46GW
(3 staions)
LNG 4.10GW
(2 stations)
Oil 3.25GW
(4 stations)
<Decommisioning and planed shutdown and establishment of steam-power stations>
[ Bidding by our company ]
<As of March, 2016>
FY2006〜
FY2013 Developing Plan
FY2014 Tender for thermal
power supply
FY2016 Developing Plan
[ Guidelines for application ] Until June, 2021
June, 2020
December, 2019
AdvancingtheoperationdateAfter April, 2023
※(注記) 7[Outline of the development of new power sources]
Station Name Shin Oita ×ばつ4 Matsuura No.2
Fuel LNG Coal
System Combined Cycle
Pulverized coal-burning, Ultra-super
critical (USC) power generation
Output 459.4MW 1,000MW
Efficiency
Around 51%(HHV Basis)
Around 57%(LHV Basis)
Over 43%(HHV Basis)
Over 45%(LHV Basis)
OperationDateJuly 2016 December 2019
[Changes in efficiency]20304050601951 1960 1970 1980 1990 2000 2014 2016 (FY)
Shin Oita×ばつ4
Shin Oita×ばつ1-3
Shin OitaNo.1Shin OitaNO.2MatsuuraN0.1AinouraNo.1Karatsu
No.3※(注記)
Karita
No.2※(注記)
Chikujo
No.1※(注記)
Minato
Second
No.1※(注記)
※(注記)Dcommisioning
■しかく LNG
▲さんかく Coal
●くろまる Oil
[Power generation end, HHV basis]
Karita
No.1※(注記)(%)2030405060
1951 1960 1970 1980 1990 2000 2014 2016 (FY)
Shin Oita×ばつ4
Shin Oita×ばつ1-3
Shin OitaNo.1Shin OitaNO.2MatsuuraN0.1AinouraNo.1Karatsu
No.3※(注記)
Karita
No.2※(注記)
Chikujo
No.1※(注記)
Minato
Second
No.1※(注記)
※(注記)Dcommisioning
■しかく LNG
▲さんかく Coal
●くろまる Oil
[Power generation end, HHV basis]
Karita
No.1※(注記)20304050601951 1960 1970 1980 1990 2000 2014 2016 (FY)
Shin Oita×ばつ4
Shin Oita×ばつ1-3
Shin OitaNo.1Shin OitaNO.2MatsuuraN0.1AinouraNo.1Karatsu
No.3※(注記)
Karita
No.2※(注記)
Chikujo
No.1※(注記)
Minato
Second
No.1※(注記)
※(注記)Dcommisioning
■しかく LNG
▲さんかく Coal
●くろまる Oil
[Power generation end, HHV basis]
Karita
No.1※(注記)(%) 80.61.83.96.00.70.70.70.70.30.6024682011 2012 2013 2014 2015WindSolar
0.74 1.112.724.696.010.410.420.430.470.48024682011 2012 2013 2014 2015
[Introduction amount of Solar and Wind Power]※(注記)amount that purchased from other companies
○しろまる Application of renewable energy sources, mainly photovoltaic power generation, rapidly expanded after the introduction of
the feed-in-tariff in 2012.
○しろまる Output was controlled on the remote islands of Tanegashima and Iki as supply was expected to overwhelm demand.
State of renewable energy sources
<Capacity> <Electricity>
(GW) (TWh)
[Total introduced renewable energy of FY 2015 ]* Total of our company and others0.4%0.4
Biomass etc.
Share of generated and
purchased power output
Electricity amount(TWh)
Facility1.6%1.3
Geothermal
17.2%7.3%0.8%7.0%14.76.30.76.0Total
HydroWindSolar
※(注記)Output was controlled on remote islands in response to increased installed capacity from
renewable energy sources (as of May 5).
FY2015:7times
FY2016:5times
Tanegashima island FY2016:5times
Iki island
※(注記)The total may not add up due to rounding(FY) 9
PCS収納パッケージ
(800k×ばつ63台)
NAS電池※(注記)コンテナ
全252台
出力 200kW/台
合計 50,400kW
※(注記)ナトリウム・硫黄電池
1号バンク
( 2/10運用開始)
2号バンク
( 3/3運用開始)
6kV受電設備収納パッケージ
66/6kV連系用変圧器
(30,000kVA ×ばつ 2台)100m140m
敷地面積は約14,000m2
■しかく Demonstration
○しろまる Improvement of the supply-demand balance with a power storage function comparable to pumped-power storage generation.
○しろまる Frequency adjustment and efficient operation of the power storage system in addition to continued validation of grid voltage
control.
■しかく Output50MW(electricity volume : 300MWh)
■しかく Location
in Buzen thermal power station
(Buzen city, Fukuoka prefecture)
■しかく Period
FY2015〜2016
○しろまる In March 2016, we constructed Buzen Battery Substation, which has one of the largest power storage
system capacities in the world.
○しろまる We will carry out a demonstration to test efficient operation of the large-capacity power storage system
while charging and discharging the batteries in order to improve the supply-demand balance in
accordance with photovoltaic power generation output.
Demonstration of large-scale batteries
[Large-capacity power storage system demonstration project for improved supply-
demand balance (subsidized by the national government)]
Demonstration Facility
Total of 252 NAS battery
container units
(Output of 200kW/unit
Total of 50,400kW)
Bank 2 Bank 1
6kV power receiving unit storage package140m100m
Site area of ca. 14,000m2
66/6kV interconnection transformers
( 30,000kVA ×ばつ 2 units )
PCS Storage package
( 800kW ×ばつ 63 units ) 10Permission for
changes to Reactor
Installation
Approval for
Construction Plans
Approval for
Changes to Safety
Regulations
<September 12, 2014>
<July 12, 2013>
Application for conformity
to new regulatory standards
All explanations have been
given and most items with
respect to earthquakes and
tsunamis have been confirmed.
We submitted materials (summaries) for
review by the Nuclear Regulation Authority to
obtain approval of the changes to the reactor
installations.
Review of volcanic activity, the ground,
earthquakes, and tsunamis was resumed
after an approximately one-year interval.
Standard Seismic Motion
reflecting active faults
around the station
:Largest 540gal
reflecting the earthquake
south of the Rumoe Branch
Office in Hokkaido
:Latgest 620gal
Maximum Tsunami
Height
Sea level +around 4m(the
plant site :11m above sea
level)
Activities for resuming operation of the
Activities for resuming operation of the Genkai
Genkai Nuclear Power Station
Nuclear Power Station
<November 20, 2015>
Verification of the volcanic impact
assessment was mostly completed.
<Feburary 26, 2016>
<March 31, 2016>
During the plant review of the Genkai NPS
Units 3 and 4, we made an explanation
regarding unaddressed items and points
previously brought to light by other plants.
We are giving explanations as necessary
for early application of amendments based
on the materials we have submitted so far.
Status of the conformity review of Units 3 and 4 of the Genkai Nuclear Power Station
○しろまる With respect to the risks imposed by earthquakes and tsunamis, we presented a summary on volcanic activity in the
February 26 review meeting following an on-site inspection by the Nuclear Regulation Authority last December.
○しろまる A review meeting was convened on March 31 to resume the national review of plants, to which our company is responding
with the best of intentions.
○しろまる We are drafting amendments and other materials for review to apply for approval of the construction plan and modified
operational safety program along with the application for approval of changes to reactor installation. 11Application
Commercial
Operation
July 12, 2013▼Comfirming
conformitytonew
regulatory
standards
Safety
measures
Measures for tsunami, fire and water seepage, etc
Understandingforrestart
Explanation for local residents
Permission for
Changes to
Reactor Installation
Approval for Construction Plans
Approval for changes to safety regulations
Pre-use
Inspection
Safety Inspection
Public
Comments
Genarating
electricity
Understanding of
Local Goverment
Revised
application
[The schedule for restart of Genkai Nuclear Power Station No.3 and 4]
Permission
Revised
application
Revised
application
Approval
Approval 12Fukuoka
Prefecture
Iki City
Genkai Nuclear
Power Station
Nagasaki
Prefecture
Hirado City
Matsuura City
Sasebo City
Genkai Town
Karatsu City
Imari CitySagaPrefecture
Fukuoka
Prefecture
Iki City
Genkai Nuclear
Power Station
Nagasaki
Prefecture
Hirado City
Matsuura City
Sasebo City
Genkai Town
Karatsu City
Imari CitySagaPrefecture
[ Safety agreements, etc. signed with local governments ] [30-km range from the Genkai NPS]
Understanding of local governments
○しろまる Following the accident at the Fukushima Daiichi Nuclear Power Station, we signed the Agreement on Nuclear Power with the
municipalities surrounding the Genkai Nuclear Power Station. An agreement that includes a commitment to swiftly provide information in
the event of any emergency has already been signed between Genkai and Saga Prefecture, where the station is located.
○しろまる We signed a safety agreement with Imari City in February 2016 after frequent consultations that started in September 2012.
Construction to improve safety
○しろまる Construction work to further improve safety is underway in addition to the work planned in July 2013 when
we filed the application for the conformity review.
○しろまる Foundation work to consolidate the grounds where
mobile large-scale power generators are installed
○しろまる Installation of an electric hydrogen combustion unit
(diversification of means to prevent hydrogen
explosions inside the containment), etc.
○しろまる Additional installation of fire detectors and halon fire
extinguishers
○しろまる Installation of nets and other means of protecting
safety-related equipment from flying objects
(following the practices of other plants)
○しろまる Reinforced support to enhance seismic safety
Imari City
Feburary 2016
17 cities and towns in Saga pref.
(exclude Genkai Town, Karatsu City, Imari City)
August 2013
Kumamoto Pref.
March 2013
Karatsu City
October 2012
Nagasaki pref., Matsuura City, Sasebo City,
Hirado City, Iki City
June 2012
Fukuoka pref., Itoshima City, Fukuoka City
April 2012
Local GovermentsDateCompleted
Under
construction 13(Reference) Ensuring safe, stable operation for Units 1 and 2 of
(Reference) Ensuring safe, stable operation for Units 1 and 2 of thetheSendai Nuclear Power Station
Sendai Nuclear Power Station
○しろまる We will expend all possible means to ensure safe, stable operation of Units 1 and 2 of the Sendai Nuclear
Power Station, engage in voluntary and continued efforts to improve their safety and reliability, and thus
strive to reassure local community members and gain their trust.
Ensuring safe, stable operation
■しかく Monitoring of power station operation
■しかく Information published on our website
- Both Units 1 and 2 of the Sendai Nuclear Power Station met
the new national standards after due reinforcement and
augmentation in terms of safety measures against natural
disasters and severe accidents. Thanks to constant efforts to
ensure safe operation, Unit 1 resumed normal operation on
September 10, 2015, and Unit 2 resumed operation on
November 17, 2015.
- We are making efforts to install facilities for responding to
specific severe accidents in order to further improve safety
and reliability.
- Power station personnel and affiliated companies will work in
unison to ensure continued safe, stable operation. We will
share information proactively to ensure peace of mind among
local community members and gain their trust.
(Reference) Shutdown periods for regular inspections
(planned for FY 2016)
Sendai Unit 1: Oct. 6 – Dec. 11
Sendai Unit 2: Dec. 16 – Feb. 27 14Reference
Reference Introduction of an in
Introduction of an in-
-house company system for the power
house company system for the power
transmission and
transmission and distribution business, etc.
distribution business, etc.
配電本部・営業本部の設置
Business
environment
Intensifying competition due to reforms to the power system and gas system
- Introduction of a licensing system (for power generation, transmission,
distribution, and retailing) (2016)
- Total liberalization of electricity retailing (2016)
- Total liberalization of gas retailing (2017)
- Legal division of power transmission and distribution (2020)
Organizational
reforms
■しかくTransmission and distribution business
introduce an in-house company to transmission and distribution business
in order to ensure high neutrality on April, 2017
■しかくPower generation and retail business
establishing organization with swiftness and flexibility on power generation
and retail business in order to survive intense competition
(Reference)
■しかく In response to the total liberalization of electricity retailing and the introduction of a licensing system in April 2016:
- In FY 2015, we restructured our business operations in advance for each type of license, such as by establishing
a distribution division and a sales division.
‐ We will properly operate transmission and distribution business, not using consignment information other than for
intended purposes and not discriminating its treatments discriminatory, based on 'Guidelines for proper power
transaction' established by government, because facing business entry of newcomer and introduction of license
system on April, 2016. 15Reference
Reference Mutual cooperation in the nuclear power business
Mutual cooperation in the nuclear power business
Cooperation in the event of a nuclear disaster
Cooperation in decommissioning
Cooperation in installation of facilities for responding to specific severe accidents
■しかく Purpose: To enhance the safety of decommissioning and respond to reviews
■しかく Main areas of cooperation: Discussion of technologies and procurement involved in major construction, information
sharing regarding decommissioning status
■しかく Purpose: To enhance safety related to facility installation in order to respond to specific severe accidents and respond to
reviews
■しかく Main areas of cooperation: Discussion of unified specifications for facilities and information sharing regarding existing
plants' statuses
Purpose
To promptly respond through mutual cooperation, including dispatch of supporters and provision of materials and equipment,
by making the most of the four companies' geographical proximity.
Key areas of
cooperation
1. Dispatch of supporters
In addition to cooperation based on existing agreements, the four companies will dispatch from 100 to 200 supporters.
- Environmental radiation monitoring, inspection in the event of evacuations
- Public relations through branches, sales offices, and so on
- Operation of transport vehicles to power stations in need
2. Provision of materials and equipment
In addition to increased supplies according to existing agreements, each company will provide available materials and
equipment.
(Examples) Heavy machinery for removing debris, cistern trucks, and Tyvek suits
3. Assistance such as advice provided from the top management of nuclear departments of other companies to the company
experiencing the disaster through videoconferencing
4. Regular drills for participants from each company
Overview
○しろまる This April, an agreement for mutual cooperation in the nuclear power business was signed among Kansai Electric Power
Company, Chugoku Electric Power Company, Shikoku Electric Power Company, and our company. 16○しろまる Our company has forged an alliance with Idemitsu Kosan and Tokyo Gas. The three companies established Chiba Sodegaura Energy
(CSE) in May 2015 after agreeing to consider development of a coal-fired thermal power station with a maximum capacity of two million kW.
○しろまる In January 2016, CSE submitted a report on the environmental impact assessment method to the Minister of Economy, Trade and Industry,
which was also sent to the governor of Chiba Prefecture and three mayors (of Sedegaura, Kisarazu, and Ichihara). This report was made
available for public inspection from February 1 to March 1 of the same year.
(Provisional title) Overview of the construction plan for Sodegaura Thermal Power Station in Chiba
Reference Initiatives to develop power sources outside of Ky
Reference Initiatives to develop power sources outside of Kyushuushu[Outline of power station Plan]
[Outline of Schedule for Start of Operation]
Coal(Burning a mixture of
biomass and coal is also under
consideration)FuelUnit1:FY2025(scheduled)
Unit2:FY2026(scheduled)
Start of
Operation
Ultra-super critical (USC)
power generation
System
Maximum 2GW
(Unit1 : 1GW、Unit 2 : 1GW)
Output
Sodegaura City, Chiba Pref.
Place
(Headquarter)2018Principal
Process2019201720162015FY▼Established the company(May, 2015)
Environmental Assessment Procedures
(Planning Statement⇒Procedure Statment⇒Inspection⇒Preparatory Statement⇒Impact Statment)
FY2025:
Unit 1 will start operation
FY2026:
Unit2will start operation
2020s
Consideration of commercialization
(Discussion of power station plans and necessary technologies
as well as business operation feasibility) 17(This page intentionally left blank ) 18Reference Overview of the Kumamoto earthquakes and their impact
Reference Overview of the Kumamoto earthquakes and their impact ononour company
our company
[Overview of main shock]
Overview of earthquakes and associated blackouts
○しろまる Beginning on April 14, earthquakes with a maximum intensity of 7 caused blackouts among up to 476,600 households around their epicenters in the
Kumamoto region of Kumamoto Prefecture.
○しろまる Up to 3,600 workers throughout the entire group were mobilized for the recovery operation, which was assisted by about 600 additional supporters
from other electric power companies. By April 20, power transmission to high-voltage distribution lines was complete except for segments where
landslides, damaged roads, and the like had made recovery impossible.
○しろまる Power was supplied by generator trucks to the villages of Aso, Takamori, and Minami-Aso, which were affected by mudslides. Provisional recovery
work was completed on April 27 via alternative routes. Power supply has now been switched back to supply from a substation.
Intensity
Magnitude
Kumamoto region, Kumamoto Pref. at a depth of
ca.12km
April 16, 2016 at 1:25
7 :Mashiki and Nishihara Village in Kumamoto
Pref.
6+ :Minami-Aso Village in Kumamoto Pref.M7.3Location and depth
of epicencer
Date and time
[Blackouts]0.0100.0
200.0
300.0
400.0
500.0
21 3 9 15 21 3 9 15 21 3 9 15 21 3 9 15 21 3 9 15 21 3 9 15 21
(Time)
April 14 April 15 April 16 April 17 April 18 April 19 April 20Thenumberofhouseholds
affectedbyblackouts (×ばつ1,000)Power transmission via high-
voltage distribution lines
April 15, 23:00
Earthquake
(foreshock)
April 14, 21:26
April 14, 22:00
16,700 households
affected
April 16, 2:00
476,600 households affected
Earthquake (main shock)
April 16, 1:25
Power transmission via high-
voltage distribution lines
April 20, 19:10 19Safety of the Sendai Nuclear Power Station against the Kumamoto earthquakes
○しろまる Standard ground motion was determined by assuming an earthquake of around 100 gals caused along the entire Futagawa-
Hinagu fault zone (M 8.1).
○しろまる Standard ground motion Ss-1 of 540 gals was determined by considering three active faults that are near the site and that
affected more than the Futagawa-Hinagu fault zone. Ground motion Ss-2 of 620 gals was determined without specifying an
epicenter.
○しろまる The Sendai Nuclear Power Station is designed to safely and automatically shut down in the event of an earthquake of 160
gals with a sufficient margin against these standard ground motions.
○しろまる The recent earthquakes were associated with dislocation of part of the Futagawa-Hinagu fault zone (M 7.3). The observed
earthquake of 8.6 gals is much smaller than standard ground motions and the threshold for automatic reactor shutdown.
Earthquake name
MagnitudeDistance
from site
Degree of shaking
Assumption for establishing standard ground motions
Ground motion determined by identifying an epicenter for each site
(Ground motion determined based on active faults around the site)
(1) Ichiki segment of Ichiki fault
zone M7.2 ca. 12 km ca. 460 gals
540 gals
(Ss-1)
(2) Koshiki segment of Koshiki
fault zone
M7.5 ca. 26 km ca. 420 gals
(3) Central Koshiki Channel
segment of Ichiki fault zone
M7.5 ca. 29 km ca. 410 gals
Futagawa-Hinagu fault zone M8.1 ca. 92 km ca. 100 gals
Ground motion established without
specifying an epicenter ― ― 620 gals
Threshold for automatic reactor shutdown ― ― 160 gals
Observation record [2016 Kumamoto earthquakes (part of the Futagawa-Hinagu fault
zone)]
Main shock (April 16, 2016 at 1:25) M7.3 ca. 116k m 8.6 gals
Standard ground
motion (Ss-1)
(2) Koshiki segment
of Koshiki fault zone
(1) Ichiki segment of
Ichiki fault zone
(3) Central Koshiki
Channel segment of
Ichiki fault zone
Futagawa-Hinagu faultzoneMain shock of
Kumamoto
earthquakes (April 16)
160 gals (threshold for automatic
reactor shutdown)
Standard ground
motion (Ss-2)
0 100 200 300 400 500 700
Comparison between assumptions for establishing standard ground motions and observation records600(gals) 20Futagawa-Hinagu fault zone
Sendai Nuclear Power Station
Range that the earthquakes ocurred★April 16 Main Shock(M7.3)
2Koshiki segment of
Koshiki fault zone
1 Ichiki segment of Ichiki fault zone
3Central Koshiki Channel segment of Ichiki fault zone
〔Active faults around Sendai Nuclear Power Station〕 21Mashiki observation
point
Sendai City (name at that time)
Chugo observation pointSoftground
Hard rock
Sendai Nuclear
Power Station
Mashiki, Kumamoto Prefecture
Foreshock (M 6.5) of Kumamoto earthquakes on April 14, 2016
Sendai City (name at that time), Kagoshima Prefecture
Earthquake (M 6.4) in the northwestern part of Kagoshima
Prefecture on May 13, 1997Softground
[Observation point on ground surface]: Epicentral distance of 11 km
North-south 760 gals, east-west 925 gals, and up-down 1,399 gals
[Chugo observation point in Sendai City (name at that time)]:
Epicentral distance of 13 km
470 gals (maximum value in the horizontal direction)
Hard rock
[Observation point underground]: Epicentral distance of 11 km
North-south 237 gals, east-west 178 gals, and up-down 127 gals
[Sendai Nuclear Power Station] Epicentral distance of 17 km
68 gals (maximum value in the horizontal direction)
Intensityof 7Intensity
of 6-
Different degrees of shaking at the Sendai Nuclear Power Station and surrounding observation points
○しろまる The foreshock of the earthquake on April 14 (M 6.5) caused a major shaking of 1,580 gals observed in Mashiki, Kumamoto Prefecture
(resulting from three components of 760 gals north-south, 925 gals east-west, and 1,399 gals up-down), which is thought to be associated
with the soft ground.
○しろまる Sendai Nuclear Power Station stands on hard rock, which is less likely to experience major shaking.
○しろまる In Mashiki, Kumamoto Prefecture, there are two observation points at the same location – one on the ground surface and another
underground. The former, which is on soft ground, registered shaking of 1,580 gals, while the latter, which is on hard rock, experienced a
maximum shaking of 237 gals.
○しろまる In another earthquake that hit northwestern Kagoshima in May 1997, Chugo in Sendai City (name at that time), which is located on soft
ground, experienced shaking of 470 gals, while the Sendai Nuclear Power Station, which is on hard rock, experienced shaking of 68 gals.
1,580 gals
Epicenter
- Standard ground motion for the Sendai
Nuclear Power Station (620 gals on hard
rock) would cause major damage with an
intensity of 7 in the urban area of Satsuma
Sendai located on soft ground. The power
station has a sufficient margin to withstand
such shaking.
Difference in shaking on soft ground and rock caused by actual earthquakes 22Reference
Reference Initiatives to Achieve Greater Operational Efficiency
Initiatives to Achieve Greater Operational Efficiency
○しろまる The group has been pursuing efficient management (140 billion yen reduction on average for three years), which was reflected in the spring 2013 price
increase.
○しろまる In FY 2015, we reduced costs in total by 267 billion yen, including a 114 billion yen reduction achieved by short-term measures to pursue further efficiency.
Considering the gain of 4.4 billion yen on assets sold, the reduction achieved solely in FY 2015 was 153 billion yen.
○しろまる Despite the unpredictable timing for resumption of operation of the Genkai Nuclear Power Station and the increase in costs associated with nuclear safety
measures and reforms for power systems, we will pursue further efficiency in business operations in FY 2016 by cutting costs reflected in the price.-480+260-510-250
Personnel costs
Reduction of around 14円.0
billion
-1,140
[-840]
-1,530
[-1,310]
-2,670
[-2,150]
Total
[Excluding fuel costs and the cost
of purchased power]-230-100-300-400
Depreciation expenses
(capital expenditure)-180-300-220-520
Fuel costs, cost of
electricity purchases-220(-200)-370(-30)-220(-200)-590(-230)
Miscellaneous costs, etc.-320-630-280-910
Maintenance costs
Cost of streamlining
factored into
electricity rate costs
(2013–2015 average)
Streamlining efforts
(2014 only)[B]Cost of streamlining
factored into
electricity rate costs
(2014 only)[A]Fiscal 2014
streamlining initiative
results
[A]+[B]Item14040100
Sales plan upon receipt of
acceptance to raise the rate
(total for 2013 to 2015)[A]429
469 (327)
45 (24)
Available-for-sale securities770910 (717)
66 (44)
Total341441 (390)
21 (20)
Property
Streamlining effect[B]Sales results
(total for 2013 to 2015)
[A]+[B]
Sales results
(2015 only)Item[Status of Operational Streamlining Initiatives]
※(注記)1 Figures in parentheses indicate nine cost items (outsourcing expense, rental expense, supplies expense, etc. ) .
※(注記)2 Nuclear power was not operational in fi scal 2014, so the supply–demand balance is a preliminary calculation
that differs substantially from rate costs.
[Results of Asset Sales] ※(注記)3 Figures in parentheses indicate gains on sales
※(注記)1
※(注記)2
※(注記)3 ※(注記)3
(Billions of yen)
(Billions of yen) 23Reference
Reference Major plans to develop or abolish power sources
Major plans to develop or abolish power sources
December,2020―
12.5→14.5MW
Otake
GeothermalTBDTBD
1,590MW
Sendai Nuclear No.3
Nuclear
In preparation
for construction
March, 2001
July, 2013
Commencement
of construction
Construction schedule
December,20191,000MW
Matsuura No.2CoalJuly, 2016
459.4MW
Shin Oita ×ばつ4LNGUnder
Construction
Commencement
of commercial
operation
Output
Station NameFuelFY2017
Schedule
375MW
Karita No.2OilOutput
Station NameFuel【Establishment】
【Decommissioning】
FY2018〜
Schedule
875MW
Ainoura No.1 and 2OilOutput
Station NameFuel【 Planed Shutdown 】
Table of Contents ( Section2 Financial Results of
Table of Contents ( Section2 Financial Results of FY201
FY20155 ))
Financial Results and Forecasts Summary
FY2015 Financial Results Summary
FY2015 Financial ResultsP1Factors contributing to change in Ordinary Income (Loss) (Non-Consolidated) P2
FY2015 Year-end Dividend P3
Electricity Sales Volume P5
Generated and Received Electricity P6
Income Statement Summary (Non-Consolidated) P7P8P9P11P12P13P14P15[Explanations] Fuel, Power purchase
[Explanations] Maintenance, Depreciation
[Explanations] Labor, Others
Balance Sheet Summary (Non-Consolidated)
Income Statement Summary, Balance Sheet Summary (Consolidated)
Segment Information
Cash Flow Summary (Consolidated) P16
[Explanations] Ordinary Revenues
(Reference) The effect of time lag of fuel cost adjustmentP10FY2016 Financial Results Forecasts and Dividend Forecasts P4
Financial Results and Forecasts
Financial Results and Forecasts Summary
Summary FYFY2015
2015 Financial Results
Financial Results Summary
Summary1(-)
(163.5)
(-43.3)
(120.2)
(Operating Income (Loss) )-164.6
-73.690.9Ordinary Income (Loss)-188.1
-114.673.4Net Income (Loss)
attributable to owners of parent89.7-202.6
1,963.7
1,761.0
Ordinary expense98.0-37.7
1,873.4
1,835.6
Sales [Figures are included above]98.0-38.0
1,890.0
1,851.9
Ordinary revenue
Change
Difference
FY2014
FY2015
【Consolidated】(-)(157.2)
(-59.3)
(97.8)
(Operating Income (Loss) )-167.4
-93.074.3Ordinary Income (Loss)-184.3
-119.065.3Net Income (Loss)88.4-215.6
1,865.0
1,649.4
Ordinary expense96.8-55.7
1,761.2
1,705.4
Sales [Figures are included above]97.3-48.1
1,771.9
1,723.7
Ordinary revenue
Change
Difference
FY2014
FY2015
【Non-Consolidated】
Consolidated
Non-Consolidated
(Billions of Yen,%)
Note: As of the end of FY2015, 68 affiliates were subject to consolidated accounting.
Breakdown:
Consolidated subsidiaries: 41 companies ( increase of 1 company from the end of FY2014:
1 company included)
Equity method companies: 27 companies ( decrease of 2 companies from the end of FY2014:
2 companies excluded)
(Billions of Yen,%)
We got into the black due to the time lag of reflection of declining fuel prices in lighting and power prices based on fuel costs adjustment system, on the revenue side, in
addition to every group-wide effort to achieve thorough cost savings, the restart of generating electricity of Sendai nuclear power station No.1, 2 and a decrease in fuel costs
along with the significant decline of fuel prices.
On the revenue side, consolidated sales decreased by 2.0% to 1,835円.6 billion compared with FY2014 and the ordinary revenues decreased by 2.0% to 1,851円.9 billion as
lighting and power revenues decreased due to the reduction of unit price with the effect of the fuel costs adjustment in addition to the decrease of electricity sales, while grant
based on the Act on Purchase of Renewable Energy Sourced Electricity increased.
On the expenditure side, ordinary expenses decreased by 10.3% to 1,761円.0 billion compared with FY2014 affected by the expenditure restraints in entire group, in addition
to decreasing fuel costs along with the significant decline of fuel prices and the restart generating electricity of Sendai nuclear power station No.1 and No.2, while the costs for
power purchases from renewable energy increased.
As a result, the ordinary income was 90円.9 billion, improved from loss of 73円.6 billion for the FY2014, and the profit attributable to owners of the parent was 73円.4 billion,
improved from loss of 114円.6 billion for the FY2014.
(On both a consolidated and non-consolidated , the ordinary income was in the black for the first time in five quarters.)
120.2
-43.3
-73.690.9-114.673.41,873.4 1,835.6300700
1,100
1,500
1,900
FY2014 FY2015
(Billions of Yen)-150-75075150(Billions of Yen)
Operating Income
(Loss) (Right)
Ordinary Income
(Loss) (Right)
Net Income
(Loss) (Right)
Sales (Left)97.8-59.374.3-93.065.3-119.0
1,705.4
1,761.2300700
1,100
1,500
1,900
FY2014 FY2015
(Billions of Yen)-150-75075150(Billions of Yen)
‐93.0
Drop in CIF
+181.9
Effect of
fuel cost
adjustment
‐120.0
+45.8
+10.5+5.674.3
Exchange
losses
‐29.4
Effect of
restarting to
generate
electricity in
Sendai Nuclear
Power
+73.0
Effect of time lag of
fuel cost adjustment around + 36.0
Other
Decrease of
Thermal from other companiesandPurchase from other
electric companies
Stock Impact2+167.4
Factors contributing to change in Ordinary Income (Loss)
Factors contributing to change in Ordinary Income (Loss) ((NonNon-
-Consolidated
Consolidated))FY2014 FY2015
(Billions of Yen)
30 30 30 30 30 30
30 30 30 30 30205
60 60 60 60 60500 0 0501020304050607080
FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015
year‐end
interim
FY2015 Year
FY2015 Year-
-end Dividend
end Dividend13(yen)
Considering the review of efficiency hereafter in addition to the performance in the FY2015 comprehensively,
we had discussed about year-end dividend.
We have decided to pay out 5円 per common share, in view of return to our shareholders, with improving
deteriorated financial condition.
We have also decided to pay out year-end dividend of class A preferred shares, total amount 7円.15 billion, for
the FY2014 and the FY2015.3【Dividend per share (common stock)】
FY2016 Financial Results Forecasts and Dividend Forecasts
FY2016 Financial Results Forecasts and Dividend Forecasts4--73.4-Net Income
attributable to owners of parent--90.9-
Ordinary Income--
120.2-Operating Income99.7-5.6
1,835.6
1,830.0
Sales
Change
Difference
FY2015
FY2016
-5 yen/$
120 yen/$
115 yen/$
Exchange rate
-9 $/b
49 $/b
40 $/b
Crude oil CIF price
0.2 Bln kWh
79.2 Bln kWh
79.4 Bln kWh
Electricity Sales Volume
Difference
FY2015
FY2016
(Billions of Yen,%)
【Reference: Key Fundamentals】
【Consolidated】 【Non-Consolidated】--65.3-
Net Income--74.3-
Ordinary income--97.8-
Operating income99.7-5.4
1,705.4
1,700.0
Sales
Change
Difference
FY2015
FY2016
We expect that our sales will be 1,830円.0 billion, same level as the FY2015, due to an increase in grant based on the Act on Purchase of
Renewable Energy Sourced Electricity while decreasing in electricity sales for lighting in the electricity business caused by the decrease in
charge unit price due to the fuel cost adjustment system.
The income in the FY2016 is currently not able to be estimated. There are two primary reasons. The first is that the period of the resumption
of operations of Genkai nuclear power stations are unclear. The second is that we cannot make sure the progress of efficiency in general cost,
though we have made efforts for since beginning of the fiscal year while securing safety, compliance and stable supply. Because Sendai
nuclear power stations will suspend due to the periodic inspection in the second half of the fiscal year.
We will promptly inform you of our forecasts when it is possible for us to make them.
(Billions of Yen,%)
Dividend for FY2016, though we will do our best to pay out a certain amount as well as FY2015, have not been decided yet, because the
period of the resumption of operations of Genkai nuclear power stations are unclear.
We will promptly inform you of our forecasts when it is possible for us to make them.
【Financial Result Forecasts】
【Dividend Forecasts】
業績概要
FY201
FY2015
5 Financial Results
Financial Results
Electricity Sales Volume
Electricity Sales Volume5【Electricity Sales Volume】96.9-726
22,693
Large-scale industrial
customers97.7-1,343
56,517
Customers other than
large-scale industrial
(Figures are
included above)97.5-2,069
79,210
Total96.9-1,651
51,110
Power98.5-418
28,100
Lighting
Change
Difference
vs.FY2014
FY2015
(Million-kWh,%)
【Reference: Electricity Sales Volume (by sector)】 (Million-kWh,%)97.5-2,069
79,210
Total96.8-1,528
46,366
Subtotal97.5-734
28,879
Industrial95.7-794
17,487
Commercial
Demand
under
liberalization98.4-541
32,844
Subtotal93.0-47619Others98.2-76
4,125
Low voltage
Power98.5-418
28,100
Lighting
Demand
other than
under
liberalization
Change
Difference
vs.FY2014
FY2015
【Large-scale industrial customers by sector】96.9-726
22,693
Total97.1-182
6,113
Others97.9-49
2,290
Foodstuffs90.6-31302Pulps and Papers
101.4251,867
Non-ferrous Metals92.1-77897Clay and Stone92.5-202
2,475
Chemicals87.2-327
2,230
Steel and Iron
105.6911,716
Transportation
100.7294,310
Electronics
(Figures are
included above)
101.81176,519
Machinery Total
Change
Difference
vs.FY2014
FY2015
(Million-kWh,%)
In FY2015, general demands such as lighting and power for commercial operations decreased by 2.3% from FY2014 due to a decrease in
business power demand and the air-heating demand as the temperature from December to March was higher than the previous year’s level.
The power demands from large industrial customers decreased by 3.1% from FY2014 due to a decrease in production of Steel and Iron and
Chemicals.
Consequently, the total electricity sales for FY2015 decreased by 2.5% to 79円.21 billion kWh compared with FY2014.
14,481
52,425
61,221 62,503
59,022
47,508
4,704 3,773
4,121
4,804
8,632
4,760
23,235
23,341
23,009
19,460
23,617
1,367
1,309
1,299
1,391
1,368020,000
40,000
60,000
80,000
100,000
FY2011 FY2012 FY2013 FY2014 FY2015
Nuclear Thermal
Hydro From other companies,etc
New Energy
(1,957) (3,020)
(7,081)
(1,671)
(5,037)
[ Included above:New Energy]
Generated and Received Electricity
Generated and Received Electricity6【Generated and Received Electricity】 (Million-kWh,%)
※(注記)Note: "New Energy'' includes Solar, Wind, Biomass, Waste and Geothermal
【Trends in Generated and Received Electricity】
(Million-kWh)
【Nuclear power utilization rate and Water flow rate】28.0-660257Interchange
329.8-472-677
For pumping97.4-2,295
85,488
Total
104.5
1,026
23,655
Subtotal
140.6
2,044
7,081
New Energy※(注記)92.4-1,196
14,630
Thermal
110.01781,944
Hydro
From other
companies96.6-2,189
62,253
Subtotal
100.7101,309
New Energy※(注記)
(20.7)
(20.7)-8,632
8,632
Nuclear
(Utilization rate)80.5-11,514
47,508
Thermal
(10.7)
(111.4)
116.66834,804
Hydro
(Water flow rate)Ownfacilities
Change
Difference
vs.FY2014
FY2015
92,493 90,302 91,284 87,783 85,488
On the supply side, our own thermal facilities decreased due to the restart generating electricity of Sendai nuclear power station No.1 and 2 in addition to a
decrease in demands and increase in new energy received from other companies.
100.786.7111.4
112.8
105.920.731.4
0.0 0.0 0.0050100150
FY2011 FY2012 FY2013 FY2014 FY2015(%)Water flow rate
Nuclear power utilization rate
Income Statement Summary (Non
Income Statement Summary (Non-
-Consolidated)
Consolidated)7(Billions of Yen,%)-184.3
-119.065.3Net Income (Loss)
Income Taxes 4.4 Income Taxes-Deferred -28.030.7-23.634.110.4
Income taxes
Gain on sale of fixed assets -7.8 Gain on revision of retirement benefit plan 2.8 Gain on sale of securities 2.475.1-2.49.87.4
Extraordinary gain
350.74.21.65.9Reserve for fluctuation
In water levels-167.4
-93.074.3Ordinary Income (Loss)(-)(157.2)
(-59.3)
(97.8)
(Operating Income (Loss))
Effect of restarting to generate electricity in Sendai Nuclear Power -73.0
Decrease in Fuel -72.0 Decrease in Power purchase -16.0
Increase in nuclear back-end 6.0 Increase in Depreciation 9.088.4-215.6
1,865.0
1,649.4
Total
Levy based on the Act on Purchase of Renewable Energy Sourced Electricity 53.1(104.1 ← 50.9)
Overhead expenses 12.1 Incidental Business Operating Expenses -18.7
118.147.7263.4
311.2
Other
101.50.321.421.7Nuclear back-end99.1-0.786.085.2
Tax and public dues95.8-1.638.637.0
Interest
Trial operations depreciation 1.9 Regular depreciation 0.3
101.42.3164.7
167.0
Depreciation
Nuclear 7.6 Thermal 6.7 Distribution 4.9
114.117.8126.6
144.4
Maintenance
Purchase from other companies 29.1 [Figures are included above:Purchase of Renewable Energy Sourced
Electricity 77.0(247.3 ← 170.2) Thermal from other companies -47.1]
Purchase from other electric companies -14.7
103.914.3372.4
386.8
Power purchase
Drop in CIF -181.9 Exchange losses 29.4
Effect of restarting to generate electricity in Sendai Nuclear Power -72.0
Stock Impact -10.5 Increase in Water flow -6.153.8-313.7
678.4
364.7FuelEmployee retirement benefits 8.2 Salary 7.8
115.917.9113.1
131.0
Labor
Ordinary
Expenses97.3-48.1
1,771.9
1,723.7
Total
(96.8)
(-55.7)
(1,761.2)
(1,705.4)
(Sales)
Grant based on the Act on Purchase of Renewable Energy Sourced Electricity 69.5(203.7 ← 134.1)
Proceed from dividends 9.4 Incidental Business Operating Revenues -26.2
126.660.0225.8
285.8
Other91.8-73.9
897.6
823.6
Power
Decrease in electricity sales volume -35.7 Effect of fuel cost adjustment -120.0(-32.2 ← 87.8)
Renewable Energy Power Promotion Surcharge 53.1(104.1 ← 50.9) Solar Power Promotion Surcharge -1.894.7-34.2
648.5
614.2
Lighting
Ordinary
Revenues
Explanations
Change
Difference
FY2014
FY2015
【Reference 1 :Key Fundamentals】
10.7 %
100.7 %
111.4 %
Water flow rate
20.7 %- %20.7 %
Nuclear power utilization rate
10 yen/$
110 yen/$
120 yen/$
Exchange rate
-41 $/b
90 $/b
49 $/b
Crude oil CIF price
Difference
FY2014
FY2015
【Reference 2 :Structure of Feed-in Tariff power purchase and sale system of renewable energy 】
※(注記) Note:Figures for FY2015 and FY2014 in parenthesis.
(1%) 0.7
(1%) 4.0
(1yen/$) 3.0
(1ドル/b) 4.5
Financial impact
(Billions of Yen)
Note: The underlined parts are related to Feed-in Tariff Power purchase and sale system of renewable energy
Equivalent to the purchased
costs of renewable energy
sourced electricity
(Purchased power)
Purchsedcostadjustment
organization
Electric
power
company Operators of
renew able
energy pow er
generation
plants
Customer
Levybased on the Act on
Purchase of Renewable
EnergySourced Electricity
(Operating expenses)
Renewable Energy
Power Promotion Surcharge
(Electricitysales)
Grant based on the Act on
Purchase of Renewable Energy
Sourced Electricity
(Operating revenues)
203.7 Bln of Yen※(注記)
(134.1 Bln of Yen)
104.1 Bln of Yen※(注記)
(50.9 Bln of Yen)
104.1 Bln of Yen※(注記)
(50.9Bln of Yen)
247.3 Bln of Yen※(注記)
(170.2 Bln of Yen) ((Reference
Reference) The effect of time lag of fuel cost adjustment
) The effect of time lag of fuel cost adjustment
The effect of the significant decline of fuel prices from the latter half of FY2014
・Fuel prices in the latter half of FY2014 above the standard fuel price were reflected as the
increase income in FY2015 [around 11 billions of yen]
・A part of the fuel prices of FY2015 below the standard fuel price weren’t reflected as the
decrease income in FY2015 and brought forward after FY2016. [around 45 billions of yen]
The income and expenditure improved due to the effect of this time lag of fuel cost adjustment *.
[around 56 billions of yen] (FY2014: around 20 billions of yen)
*The average fuel prices in each three month are reflected two months later.
(Reference)
JCC($/b)
JLC($/t)
2014.4 2014.5 2014.6 2014.7 2014.8 2014.9 2014.10 2014.11 2014.12 2015.1 2015.2 2015.3 2015.4 2015.5 2015.6 2015.7 2015.8 2015.9
15,000
20,000
25,000
30,000
35,000
40,000
45,000
2014.4 2014.7 2014.10 2015.1 2015.4 2015.7 2015.10 2016.1 2016.4
FY2014:around 20 billions of yen
(yen/kl)
Standard fuel
cost price
(Reference)
Average fuel price0〜〜2014.4 2014.5 2014.6 2014.7 2014.8 2014.9 2014.10 2014.11 2014.12 2015.1 2015.2 2015.3 2015.4 2015.5 2015.6 2015.7 2015.8 2015.9 2015.10 2015.11 2015.12 2016.1 2016.2 2016.3
JCC($/b)
109 109 110 112 111 106 101 91 79 63 50 55 56 59 64 64 59 51 48 48 44 37 30 32
JLC($/t)
874 851 840 837 825 807 824 848 815 770 689 630 528 459 449 463 473 497 491 468 438 404 407 ‐
around 11 billions of yen
around ‐45 billions of yen
FY2015:around 56 billions of yen
FY2014:around 20 billions of yen FY2015:around 56 billions of yen
Around +11 billions of yen
Around ‐45 billions of yen8○しろまるThe effect of the decline of fuel prices (The image of time lag of fuel cost adjustment) [[Explanations
Explanations] Ordinary Revenues
] Ordinary Revenues
(Billions of Yen,%)93.0-108.2
1,546.1
1,437.9
Lighting and Power
Change
Difference
FY2014
FY2015
1. Decrease in electricity sales volume -35.7
Difference FY2014
FY201592. Effect of fuel cost adjustment -120.0 ( -32.2 ← 87.8 ) 2. Proceed from dividends 9.4 ( 11.2 ← 1.7 )
126.660.0225.8
285.8
Others
Change
Difference
FY2014
FY2015
1. Grant based on the Act on Purchase of
Renewable Energy Sourced Electricity 69.5 ( 203.7 ← 134.1 )
Difference FY2014
FY2015
3. Renewable Energy Power Promotion Surcharge 53.1 ( 104.1 ← 50.9 ) 3. Incidental Business Operating Revenues -26.2 ( 13.1 ← 39.4 )
(Billions of Yen,%)
【Lighting and Power】
1,360.4
1,546.1
1,528.1
1,437.9
1,342.65001,000
1,500
2,000
FY2011 FY2012 FY2013 FY2014 FY2015
(Billions of Yen)
【Others】97.171.7
176.2
225.8
285.80100200300
FY2011 FY2012 FY2013 FY2014 FY2015
(Billions of Yen)
2. Exchange losses 29.410[Explanations]
[Explanations] Fuel, Power purchase
Fuel, Power purchase
(Billions of Yen,%)53.8-313.7
678.4
364.7FuelChange
Difference
FY2014
FY2015
[ Reference1 ] All Japan CIF prices-9114,717
3,806
LNG (thousand. ton)-302699397Crude oil (thousand. kiloliter)-7481,671923Heavy oil (thousand. kiloliter)-4566,150
5,694
Coal (thousand. ton)
Difference
FY2014
FY2015
[ Reference2 ] Fuel consumption
103.914.3372.4
386.8
Power purchase
Change
Difference
FY2014
FY2015
(Billions of Yen,%)
1. Purchase from other companies 29.1 ( 381.4 ← 352.3 )
Difference FY2014
FY2015
2. Purchase from other electric companies -14.7 ( 5.3 ← 20.1 )
Difference
1. Drop in CIF -181.9
4. Stock Impact -10.5
5. Increase in Water flow -6.1
◆だいやまーく Purchase of
Renewable Energy Sourced Electricity 77.0 ( 247.3 ← 170.2 )
◆だいやまーく Received thermal
from other companies -47.1 ( 117.1 ← 164.2 )
Figures are included above:
Effect of restarting to generate electricity
in Sendai Nuclear Power -16.0-419049Crude oil($/b)-338798460LNG($/t)-179376Coal($/t)
Difference
FY2014
FY2015
【Power purchse】
372.4
269.5
206.0
314.9
386.8100200300400
FY2011 FY2012 FY2013 FY2014 FY2015
(Billions of Yen)
【Fuel】
679.7
364.7
678.4
520.2
754.4200400600800
FY2011 FY2012 FY2013 FY2014 FY2015
(Billions of Yen)
3. Effect of restarting to generate electricity in Sendai Nuclear Power -72.0
[Explanations] Maintenance, Depreciation
[Explanations] Maintenance, Depreciation
114.117.8126.6
144.4
Maintenance
Change
Difference
FY2014
FY2015
1. Nuclear 7.6 ( 28.5 ← 20.9 )
Difference FY2014
FY2015
2.Thermal 6.7 ( 36.9 ← 30.2 )
3. Distribution 4.9 ( 46.4 ← 41.4 )
101.42.3164.7
167.0
Depreciation
Change
Difference
FY2014
FY2015
1. Trial operations depreciation 1.9 ( 1.9 ← - )
Difference FY2014
FY2015
2. Regular depreciation 0.3 ( 165.0 ← 164.7 )
(Billions of Yen,%) (Billions of Yen,%)11【Depreciation】
167.0
172.3
202.1
180.1
164.7100150200250
FY2011 FY2012 FY2013 FY2014 FY2015
(Billions of Yen)
【Maintenance】
147.9
103.1
176.0
126.6
144.450100150200
FY2011 FY2012 FY2013 FY2014 FY2015
(Billions of Yen)
115.917.9113.1
131.0
Labor
Change
Difference
FY2014
FY2015
111.145.6409.6
455.3
Others
Change
Difference
FY2014
FY2015
Difference FY2014
FY2015
1. Levy based on the Act on Purchase
of Renewable Energy Sourced Electricity 53.1 ( 104.1 ← 50.9 )
2. Overhead expenses 12.1 ( 154.4 ← 142.3 )
3. Incidental Businesses Operating Expenses -18.7 ( 11.5 ← 30.3 )12(Billions of Yen,%) (Billions of Yen,%)
[Explanations]
[Explanations] Labor, Others
Labor, Others
【Labor】
167.9
151.8
113.7
131.0
113.150100150200
FY2011 FY2012 FY2013 FY2014 FY2015
(Billions of Yen)
【Others】
455.3
383.0
370.5 368.2
409.6200300400500
FY2011 FY2012 FY2013 FY2014 FY2015
(Billions of Yen)
Difference
1. Employee retirement benefits 8.2 ( 4.2 ← -3.9 )
FY2015 FY2014
2. Salary 7.8 ( 98.6 ← 90.7 )
Balance Sheet Summary (Non
Balance Sheet Summary (Non-
-Consolidated)
Consolidated)13Assets
-69.4
4,390.9
4,321.4
Total
Cash and cash equivalents -94.7
(Mar. 31, 2016 371.4 ← Mar. 31, 2015 466.1)
Construction in progress 5.4(appropriation 278.6 adjustment -271.2)
-128.7
1,425.1
1,296.4
Others
-13.5
684.4
670.8
Investments and Other Assets
Construction completed 274.3 Depreciation -165.072.82,281.2
2,354.1
Utility Property, Plant and
Equipment
Explanations
Difference
Mar. 31, 2015
Mar. 31, 2016
(Billions of Yen)
Liabilities and Equity
-69.4
4,390.9
4,321.4
Total
FY2015 Net Income 65.3
[Equity Ratio] Mar. 31, 2016 8.9% ← Mar. 31, 2015 7.3%62.8322.2
385.1
Equity
Interest-bearing Debt -148.2
-132.3
4,068.6
3,936.2
Liabilities
Explanations
Difference
Mar. 31, 2015
Mar. 31, 2016
-148.2
3,168.2
3,020.0
Total11.11,884.4
1,895.6
Loans
-159.3
1,283.7
1,124.4
Bonds
Difference
Mar. 31, 2015
Mar. 31, 2016
(Billions of Yen)
(Billions of Yen)
【Reference: Interest-bearing Debt】
Income Statement Summary
Income Statement Summary ,
, Balance Sheet Summary (Consolidated)
Balance Sheet Summary (Consolidated)14-
188.1
-114.673.4Net Income (Loss) attributable to owners of parent-5.02.47.5
Extraordinary gain-4.21.65.9
Reserve for Fluctuation In Water Levels-164.6
-73.690.9Ordinary Income (Loss)(-)(163.5)
(-43.3)
(120.2)
(Operating Income (Loss))89.7-202.6
1,963.7
1,761.0
Total97.1-1.346.945.6
Other Expenses95.5-6.1
137.0
130.8
Other89.0-195.1
1,779.7
1,584.5
Electric89.5-201.3
1,916.7
1,715.4
Operating Expenses
Ordinary
Expenses98.0-38.0
1,890.0
1,851.9
Total98.2-0.316.516.2
Other Revenues95.8-6.5
153.8
147.3
Other98.2-31.2
1,719.5
1,688.3
Electric98.0-37.7
1,873.4
1,835.6
Operating Revenues (Sales)
Ordinary
Revenues
Change
Difference
FY2014
FY2015
Income Statement Summary-192.6
-143.149.4Comprehensive Income (Loss)
FY2015
Consolidated Ratio
(1.08)
Balance Sheet Summary48.9450.9
499.9
Equity
-113.0
3,337.9
3,224.8
Interest-bearing Debt
-85.4
4,333.7
4,248.3
Liabilities
-36.4
4,784.7
4,748.2
Total Assets
Difference
Mar. 31, 2015
Mar. 31, 20161.19.010.1【Reference 】Equity Ratio
(Billions of Yen,%)
(Billions of Yen,%)
(1.23)
(1.22)
(1.13)
Segment Information
Segment Information
(Billions of Yen)
Note:Figures in parentheses denote change from FY201415○しろまる Energy-related business
・The sales revenues from energy-related business decreased by 1.1% to 184円.6 billion compared with FY2014 mainly due to a
decrease in sales amount of gas, though consolidated subsidiaries increased. Operating income decreased by 1.2% to 10円.8 billion.
○しろまる IT and Telecommunications
・The sales revenues from IT and telecommunication business increased by 7.3% to 103円.5 billion compared with the FY2014 mainly
due to an increase in consigned information system developments. Operating income decreased by 10.0% to 10円.2 billion compared
with the FY2014 mainly due to an increase in depreciation which comes with expand of broadband services.
○しろまる Others
・ The sales revenues from other businesses increased by 4.2% to 26円.8 billion compared with FY2014 mainly due to an increase in
sales of real estate. Operating income increased by 17.7% to 4円.3 billion mainly due to a decrease in depreciation of rental buildings.
323.8-5.01.025.518.1
284.0
(50.9)
(-0.3)
(0.1)(0)(-4.6)
(55.7)
Capital Expenditures
(-36.4)
(-12.5)
(1.0)
(10.6)
(44.0)
(-79.6)
4,748.2
-156.5
142.5
186.7
419.4
4,155.9
Segment Assets
(163.5)
(-0.4)
(0.6)
(-1.1)
(-0.1)
(164.6)
120.2-1.34.310.210.896.1Operating Income (Loss)
(-37.7)(-)(0.9)
(0.1)
(-7.5)
(-31.2)
1,835.6-13.869.364.1
1,688.3
Sales to customers
[Figures are included above]
(-37.7)
(-14.2)
(1.0)
(7.0)
(-2.0)
(-29.5)
1,835.6
-171.626.8103.5
184.6
1,692.3
Sales
Total
[Consolidated]
Eliminations/
corporate
Other
IT and
Telecommunications
Energy-related
business
Electric Power
Cash Flow Summary (Consolidated)
Cash Flow Summary (Consolidated)
-218.4
131.7
-86.7
Change in cash & cash equivalents
Decrease in proceeds from issuance of stock -99.5 (0 ← 99.5)
Decrease in proceeds from issuance of bonds and loans -160.9
Increase in repayments of bonds and loans -175.7
-436.9
310.8
-126.1
Cash flows from financing activities
(-24.5)
(-293.9)
(-318.4)
Reposting of capital
expenditures
including nuclear fuel
[Figures are included above]
( B )
Increase in purchases of property, plant and equipment -24.5
Increase in revenue from redemption and sales of securities 9.2
-19.9
-268.4
-288.3
Cash flows from investing activities
Increase due to the decrease in payments for fuel costs 323.1
Decrease due to the decrease in lighting and power revenue -87.4
240.788.7329.4
Cash flows from operating activities
( A )
Explanations
Difference
FY2014
FY2015
216.2
-205.210.9(Reference)
Free cash flows
( A ) + ( B )16(Billions of Yen,%)
For more information, please contact:
Investor Relations Group
Corporate Planning Division
KYUSHU ELECTRIC POWER CO.,INC.
TEL : +81 92 726 1575
FAX : +81 92 733 1435
URL : http://www.kyuden.co.jp/en_ir_index