July 31, 2015
The 1st Quarter of the Fiscal Year Ending March 31, 2016 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): August 7, 2015
Date to start dividend payments: -
Preparation of supplementary materials for quarterly financial results: Yes
Information meeting for quarterly financial results: No
(Rounded dow n to the nearest million yen)
1. Consolidated Financial Results for the Three Months (April 1, 2015 to June 30, 2015)
(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, 2015 - June 30, 2015 453,563 2.0 28,017 ― 21,197 ―
April 1, 2014 - June 30, 2014 444,631 14.3 -28,111 ― -36,510 ―
(Note) Comprehensive income : FY2015 1Q 15,099 million yen ( -%) FY2014 1Q -45,061 million yen ( -%)
(Unit: million yen) (%)
April 1, 2015 - June 30, 2015 18,807 ― 39.71
April 1, 2014 - June 30, 2014 -40,637 ― -85.92
(2) Consolidated Financial Position
(Reference) Shareholders' equity: As of June 30, 2015 : 446,216 million yen As of March 31, 2015: 431,528 million yen
2. Dividends
(Note) Revision of the devidend forecast : No
3. Forecasts for Consolidated Financial Results for FY2015 (April 1, 2015 to March 31, 2016)
(Note) Revision of financial results forecast : Yes
profit attributable to
owners of parent
EPS Fully-diluted EPS
(Unit: yen)
(Unit: yen)―We will promptly inform you of Fiscal 2015 2nd Quarter forecasts for operating income, ordinary income and profit attributable to owners of
parent based on operation after the resumption of Sendai nuclear power station Unit No.1which is going ahead with preparations for the
resumption.
Fiscal 2015 full-year forecasts for operating income, ordinary income and profit attributable to owners of parent is currently not able to be
estimated due to the difficult situations that we can not calculate fuel costs rationally under uncertain prospects for the resumption of Sendai
and Genkai nuclear power stations. We will promptly inform you of our forecasts when it is possible for us to make them.―Year-end dividend for FY2015 ending March 31, 2016 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".
Stock listed on: Tokyo SE, Fukuoka SE
Sales Operating income Ordinary income
Total assets Net assets Shareholders' equity ratio
(Unit: million yen) (Unit: million yen) (%)
As of June 30, 2015 4,645,407 465,564 9.6
As of March 31, 2015 4,784,735 450,990 9.0EPS(Unit: million yen) (%) (Unit: million yen) (%) (Unit: million yen) (%) (Unit: million yen) (%) (Unit: yen)
2Q 940,000 1.1 - - - - - - -
Full-year 1,895,000 1.1 - - - - - - -
Sales Operating income Ordinary income
profit attributable to
ow ners of parent
1Q 2Q 3Q Year-end Total
(Unit: yen) (Unit: yen) (Unit: yen) (Unit: yen) (Unit: yen)
FY2014 ― 0.00 ― 0.00 0.00
FY2015(forecast) ―
FY2015(forecast) 0.00 ― ― ―
Annual dividends per share
※(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 : Yes
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 FY2015 1Q: 474,183,951 shares FY2014: 474,183,951 shares
2 Treasury stocks FY2015 1Q: 514,927 shares FY2014: 509,481 shares
3 Average number of shares during the period FY2015 1Q: 473,670,875 shares FY2014 1Q: 472,968,025 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.
(Note)For details, please refer to Changes in accounting policies, changes of accounting estimates, and restatement on page 5 of attached materials.
(Reference) Dividends for Preferred Shares
The breakdown of dividend per preferred shares which differ in shareholders’ rights from common shares is as follows.
(Note 1) Revision of the devidend forecast : No
Year-end dividend for FY2015 ending March 31, 2016 has yet to be decided.
(Reference) Non-consolidated Operating Performance Forecasts
Non-consolidated Operating Performance Forecasts for FY2015 (April 1, 2015 to March 31, 2016)
(Note) Revision of operating performance 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 ― 0.00 0.00
FY2015 ―
FY2015(forecast) 0.00 ― ― ―
Class A
preferred shares
Annual dividends per shareEPS(Unit: million yen) (%) (Unit: million yen) (%) (Unit: million yen) (%) (Unit: million yen) (%) (Unit: yen)
2Q 880,000 0.3 - - - - - - -
Full-year 1,765,000 0.2 - - - - - - -
profit attributable to
ow ners of parent
Sales Operating income Ordinary income
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2015 1Q
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○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 forecasts for the consolidated operating performance ・・・・・・・ 4
2. Matters regarding Summary Information (Notes) ・・・・・・・・・・・・・・・・・・・ 5
Changes in accounting policies, changes of accounting estimates, and restatement ・・・・・・ 5
3. Quarterly Consolidated Financial Statements ・・・・・・・・・・・・・・・・・・・・・ 6
(1) Quarterly Consolidated Balance Sheets ・・・・・・・・・・・・・・・・・・・・・・ 6
(2) Quarterly Consolidated Income Statements and Quarterly Consolidated Comprehensive Income
Statements ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 8
(3) Notes on Quarterly Consolidated Financial Statements ・・・・・・・・・・・・・・・・ 10
(Notes on the premise of going concern) ・・・・・・・・・・・・・・・・・・・・・ 10
(Notes in case of drastic changes in the amount of equity)・・・・・・・・・・・・・・・ 10
4. Supplementary Information ・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 11
(1) Income and Expenditure (Non-consolidated) ・・・・・・・・・・・・・・・・・・・ 11
(2) Information regarding consolidated financial condition ・・・・・・・・・・・・・・・ 12
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2015 1Q
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1. Qualitative Information regarding Quarterly Financial Results
(1) Explanation regarding business performance
The Japanese economy during this period (April-June, 2015) has been recovering gently as a whole, while some
sectors in production have been declining. The economy in Kyushu has been also recovering that consumption has
picked up, as well as export, reflecting the improvement of employment and income environment, even though there
have been signs of reduction in production in some businesses.
The Kyushu Electric Power Group has faced an ongoing situation of the severe revenue and expenditure and our
financial condition in electricity business under the long-term shutdown of our nuclear power station which resulted in
rising fuel costs. So we have implemented the expenditure restraints, which are short term limited, such as deferring
repair work to another period within this fiscal year. Under these conditions, the ordinary income of the 1Q of FY2015
was in the black due to the time lag of reflection of decreasing fuel prices in lighting and power prices, based on fuel
costs adjustment system, while fuel costs has decreased along with the significant decline of fuel prices from the latter
half of the previous fiscal year.
We have made every group-wide effort to achieve thorough cost savings and an early resumption of our nuclear
power station with consideration of safety, compliance and stable supply.
1 Revenue and Expenditure
On the revenue side, consolidated sales (the operating revenue) increased by 2.0% to 453円.5 billion compared with
the 1Q of FY2014 and the ordinary revenue increased by 2.3% to 457円.4 billion due to the increased grant based on the
Act on Purchase of Renewable Energy Sourced Electricity, while lighting and power revenues decreased due to the
reduction of unit price with the effect of the fuel costs adjustment.
On the expenditure side, the ordinary expense decreased by 9.8% to 436円.2 billion compared with the 1Q of FY2014
affected by decreasing fuel costs along with the significant decline of fuel prices and expenditure restraints in entire
group, while the costs for power purchases from renewable energy increased. As a result, the ordinary income for the
1Q of FY2015 was 21円.1 billion, increased 57円.7 billion compared with the 1Q of FY2014, and the profit attributable to
owners of the parent was 18円.8 billion, increased 59円.4 billion compared with the 1Q of FY2014.
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2015 1Q
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2 Sales and Supply Overview
As for electricity sales, the general demand such as electric light and power for commercial operation decreased by
0.6% compared with the 1Q of FY2014 due to a decrease in power for commercial operation. The power demand from
large industrial customers decreased by 2.3% compared with the 1Q of FY2014 due to a decrease in the production of
Steel, Iron and Chemical.
Consequently, the total electricity sales during the 1Q of FY2015 decreased by 1.1% to 18.8 billion kWh.
Electricity Sales Volume
(Unit: million kWh, %)
FY2015 1Q FY2014 1Q Difference Change
(A) (B) (A-B) (A/B)
Demand other
than those under
Liberalization
Lighting 6,330 6,321 9 100.1
Power 1,056 1,059 -3 99.8
Total 7,386 7,380 6 100.1
Demand under Liberalization 11,416 11,637 -221 98.1
Electricity Sales Total 18,802 19,017 -215 98.9
Figures are
included above
Customers other than
large-scale industrial
13,002 13,079 -77 99.4
Large-scale industrial
customers
5,800 5,938 -138 97.7
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.
FY2015 1Q FY2014 1Q Difference Change
(A) (B) (A-B) (A/B)Ownfacilities
Hydro 1,273 1,062 211 119.9
(Water flow rate) (112.0) (88.9) (23.1)
Thermal 12,232 13,095 -863 93.4
Nuclear - - - -
(Utilization rate) (-) (-) (-)
New Energy 323 314 9 103.0
Subtotal 13,828 14,471 -643 95.6
From other companies
(New Energy [included above])
6,009
(1,902)
5,585
(1,285)424(617)
107.6
(148.1)
Interchange 205 147 58 139.9
For pumping -101 -36 -65 278.7
Total 19,941 20,167 -226 98.9
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2015 1Q
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(2) Explanation regarding forecasts for the consolidated operating performance
The outlook on performance of sales during the FY2015, which is expected to surpass the previous forecast, is said to
be around 940円.0 billion in a half-year, and around 1,895円.0 billion in a full-year due to an increase in grant based on
the Act on Purchase of Renewable Energy Sourced Electricity, while electricity sales decreased.
We will promptly inform you of the 2Q of FY2015 forecasts for the profit based on operation after the resumption of
Sendai nuclear power station unit No.1 which is going ahead with preparations for the resumption.
Fiscal 2015 full-year forecasts for the profit is currently not able to be estimated due to the difficult situations that we
can not calculate fuel costs rationally under uncertain prospects for the resumption of Sendai and Genkai nuclear power
stations. We will promptly inform you of our forecasts when it is possible for us to make them.
Forecast for the 2nd
Quarter of FY2015 Financial Results
〔Consolidated〕
The Revised
Forecast
The Previous
Forecast
Deference from The Previous
Forecast
FY20142Q(Actual)
Changes in Amount Rate of Changes
Sales (100 million yen, %) 9,400 9,300 100 1.1 9,295
Operating income (100 million yen, %) - - - - -162
Ordinary income (100 million yen, %) - - - - -319
Profit attributable
to owners of parent
(100 million yen, %) - - - - -359
EPS (yen) - - -75.91
〔Non-consolidated〕
The Revised
Forecast
The Previous
Forecast
Deference from the Previous
Forecast
FY20142Q(Actual)
Changes in Amount Rate of Changes
Sales (100 million yen, %) 8,800 8,700 100 1.1 8,769
Operating income (100 million yen, %) - - - - -242
Ordinary income (100 million yen, %) - - - - -415
Net income (100 million yen, %) - - - - -346
EPS (yen) - - -73.18
Forecast for full-year of FY2015 Financial Results
〔Consolidated〕
The Revised
Forecast
The Previous
Forecast
Deference from The Previous
Forecast
FY2014
Full-year
(Actual)
Changes in Amount Rate of Changes
Sales (100 million yen, %) 18,950 18,800 150 0.8 18,734
Operating income (100 million yen, %) - - - - -433
Ordinary income (100 million yen, %) - - - - -736
Profit attributable
to owners of parent
(100 million yen, %) - - - - -1,146
EPS (yen) - - -242.38
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2015 1Q
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〔Non-consolidated〕
The Revised
Forecast
The Previous
Forecast
Deference from the Previous
Forecast
FY2014
Full-year
(Actual)
Changes in Amount Rate of Changes
Sales (100 million yen, %) 17,650 17,500 150 0.9 17,612
Operating income (100 million yen, %) - - - - -593
Ordinary income (100 million yen, %) - - - - -930
Net income (100 million yen, %) - - - - -1,190
EPS (yen) - - -251.32
Sensitivity factors
2 Q Full-year
The Revised
Forecast
The Previous
Forecast
The Revised
Forecast
The Previous
Forecast
Electricity sales volume 40.2billion kWh 40.4billion kWh 81.7billion kWh 81.9billion kWh
Crude oil (CIF) price 62 $/b 65 $/b 64 $/b 65 $/b
Exchange rate \ 123 /$ \ 120 /$ \ 124 /$ \ 120 /$
2. Matters regarding Summary Information (Notes)
Changes in accounting policies, changes of accounting estimates, and restatement
"Accounting Standards for Business Combination" (Accounting Standards Board of Japan Statement No. 21, issued on
September 13, 2013, hereinafter, "Business Combination Accounting Standards"), "Accounting Standards for
Consolidated Financial Statements" (Accounting Standards Board of Japan Statement No. 22, issued on September 13,
2013, hereinafter, "Consolidated Accounting Standards"), and "Accounting Standard for Business Divestitures"
(Accounting Standards Board of Japan Statement No. 7, issued on September 13, 2013, hereinafter, "Business
Divestitures Accounting Standards"), etc., are applied from the first quarter of the current fiscal year, and reported as
capital surplus differences due to changes in Company equity that arose at subsidiaries we continued to control, while
shifting to the method of reporting acquisition-related expenses as those for the consolidated accounting period in which
such expenses were defrayed. Meanwhile, with respect to business combinations that take effect after the beginning of the
current quarter of the consolidated accounting period, we will change to the method reflecting reviews of acquisition
expenses allocated after provisional accounting becomes definite on financial statements for the quarter of the
consolidated accounting period to which the day of business combination belongs. In addition, we changed the method to
indicate quarterly net income and other results and the method of indication from minority interests to non-controlling
interests. To reflect these changes of indication, we rearranged the consolidated quarterly financial statements and annual
consolidated financial statements for the previous quarter of the consolidated accounting period and the previous
consolidated accounting period as a whole.
We followed the transitional treatment stipulated in Section 58-2(4) of the Business Combination Accounting
Standards, Section 44-5(4) of the Consolidated Accounting Standards, and Section 57-4(4) of the Business Divestures
Accounting Standards, and started to apply these standards at the beginning of the current quarter of the consolidated
accounting period and will continue to do so in the future.
These changes do not affect amounts in the consolidated quarterly financial statements for the current quarter of the
consolidated accounting period.
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2015 1Q
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3. Quarterly Consolidated Financial Statements
(1) Quarterly Consolidated Balance Sheets
As of June 30, 2015
Assets
Fixed Assets 3,925,720 3,927,480
Utility property, plant and equipment 2,248,572 2,255,515
Hydro 285,370 282,147
Thermal 156,633 154,919
Nuclear 196,062 192,001
Internal combustion 17,909 17,487
New energy power production facilities 14,673 14,171
Transmission 625,131 636,520
Transformation 216,918 224,838
Distribution 613,880 612,439
General 116,210 115,207
Other 5,782 5,782
Other fixed assets 327,314 324,593
Construction in progress 431,741 427,359
Construction and retirement in progress 410,049 405,872
Special account related to nuclear power decommissioning 21,692 21,487
Nuclear fuel 280,616 280,628
Loaded nuclear fuel 75,531 75,531
Nuclear fuel in processing 205,084 205,096
Investments and other assets 637,475 639,382
Long-term investments 106,018 107,416
Reserve for reprocessing of irradiated nuclear fuel 282,071 277,480
Assets for retirement benefits 14,925 15,875
Deferred tax assets 127,072 127,513
Other assets 108,727 112,392
Allowance for doubtful accounts -1,339 -1,295
Current Assets 859,015 717,927
Cash and cash equivalent 512,472 364,271
Trade notes and accounts receivable 179,065 190,772
Inventories at average cost 81,433 87,625
Deferred tax assets 34,068 33,808
Other current assets 52,797 42,255
Allowance for doubtful accounts -822 -805
Assets Total 4,784,735 4,645,407
(Unit: million yen)
As of March 31, 2015
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2015 1Q
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As of June 30, 2015
Liabilities
Long-term Liabilities 3,499,896 3,400,415
Bonds 1,064,274 1,014,279
Long-term loans 1,773,867 1,724,152
Reserve for reprocessing of irradiated nuclear fuel 294,345 289,642
Reserve for preparation of reprocessing of irradiated nuclear fuel 28,320 28,604
Liabilities for retirement benefits 90,547 90,154
Asset retirement obligations 207,437 208,308
Deferred tax liabilities 527 713
Other fixed liabilities 40,575 44,560
Current Liabilities 832,156 776,754
Current portion of long-term debt 397,338 403,394
Short-term borrowings 119,001 118,051
Notes and accounts payable 97,115 85,278
Income tax payable 27,325 14,018
Deferred tax liabilities 66 64
Other current liabilities 191,310 155,947
Reserves under the special law 1,692 2,673
Reserve for fluctuation in water levels 1,692 2,673
Liabilities Total 4,333,744 4,179,843
Net Assets
Shareholders’ Equity 427,157 445,958
Paid-in capital 237,304 237,304
Additional paid-in capital 130,344 130,344
Retained earnings 60,175 78,983
Treasury stock -666 -673
Accumulated other comprehensive income 4,370 257
Unrealized gain on other securities 4,097 3,930
Gain on deferred hedge 596 -1,421
Foreign currency translation adjustments -18 -1,281
Accumulated amount of adjustments related to retirement benefits -305 -969
Non-controlling Interests 19,462 19,347
Net Assets Total 450,990 465,564
Liabilities and Net Assets Total 4,784,735 4,645,407
As of March 31, 2015
(Unit: million yen)
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2015 1Q
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(2) Quarterly Consolidated Income Statements and Quarterly Consolidated Comprehensive Income Statements
(Quarterly Consolidated Income Statements) April 1, 2014-
June 30, 2014
April 1, 2015-
June 30, 2015
Operating Revenues 444,631 453,563
Electricity 406,108 418,877
Other 38,522 34,685
Operating Expenses 472,743 425,546
Electricity 438,528 395,750
Other 34,214 29,795
Operating Income(Loss) -28,111 28,017
Other Revenues 2,597 3,924
Proceed from interests 982 1,048
Equity in earnings of affiliates - 706
Other 1,614 2,169
Other Expenses 10,996 10,744
Interest expenses 10,051 10,081
Equity in loss 59 -
Other 885 662
Total Ordinary Revenues 447,228 457,487
Total Ordinary Expenses 483,739 436,290
Ordinary Income(Loss) -36,510 21,197
- 981
Provision of reserve fluctuation in water levels - 981
Extraordinary gain 590 2,935
Gain on sale of fixed assets 590 -
Gain on sale of securities - 2,935
-35,919 23,151
Income Taxes 1,131 2,617
Income Taxes-Deferred 3,245 1,309
Income Taxes Total 4,377 3,927
Profit(Loss) -40,296 19,224
340 416
-40,637 18,807
Profit(Loss) attributable to owners of parent
(Unit: million yen)
Provision or reversal of reserve fluctuation in water levels
Profit(Loss) before Income Taxes
Profit attributable to non-controlling interests
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2015 1Q
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(Quarterly Consolidated Comprehensive Income Statements) April 1, 2014-
June 30, 2014
April 1, 2015-
June 30, 2015
Profit(Loss) -40,296 19,224
Other comprehensive income
Unrealized gain on other securities -61 -303
Gain on deferred hedge -2,298 -2,017
Foreign currency translation adjustments 722 -1,600
Adjustments related to retirement benefits -2,900 -695
Equity in equity method companies -225 491
Total other comprehensive income -4,764 -4,124
Comprehensive income -45,061 15,099
(Breakdown)
Comprehensive income attributable to
owners of parent -45,414 14,694
Comprehensive income attributable to
non-controlling interests 353 404
(Unit: million yen)
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2015 1Q
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(3) 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)N/A Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2015 1Q
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4. Supplementary Information
(1)Income and Expenditure (Non-consolidated)
(Unit: 100 million yen, %)
FY2015 1Q FY2014 1Q Difference Change Composition Ratio
(A) (B) (A-B) (A/B) FY2015 1Q FY2014 1Q
Ordinary
Revenues
Lighting 1,436 1,434 1 100.1 32.9 34.0
Power 2,105 2,169 -63 97.1 48.3 51.4
(Subtotal) (3,542) (3,603) (-61) (98.3) (81.2) (85.4)
Other 820 617 202 132.8 18.8 14.6
[Sales] [4,233] [4,190] [42] [101.0] [97.1] [99.3]
Total 4,362 4,221 141 103.3 100.0 100.0
Ordinary
Expenses
Labor 312 282 29 110.5 7.6 6.1
Fuel 1,086 1,745 -658 62.3 26.5 37.9
Power purchase 1,084 987 97 109.9 26.4 21.4
Maintenance 271 252 18 107.2 6.6 5.5
Depreciation 398 415 -17 95.8 9.7 9.0
Interest 95 96 -1 98.8 2.3 2.1
Tax & public dues 202 204 -1 99.1 4.9 4.5
Nuclear back-end 39 51 -11 78.1 1.0 1.1
Other 614 572 41 107.2 15.0 12.4
Total 4,106 4,609 -503 89.1 100.0 100.0
[Operating Income(Loss)] [227] [-314] [542] [-]
Ordinary Income(Loss) 255 -388 644 -
Reserve for fluctuation in water levels 9 - 9 -
Extraordinary Gain 24 14 10 169.4
Income(Loss) before
income taxes
270 -374 644 -
Income taxes 22 31 -8 72.1
Net Income(Loss) 248 -405 653 -
(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)
FY2015 1Q FY2014 1Q Difference
[A] [B] [A-B]
Crude oil (CIF) price 59 $/b 110 $/b -51 $/b
Exchange rate 121 \/$ 102 \/$ 19 \/$
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2015 1Q
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(2) Information regarding consolidated financial condition
(Unit: 100 million yen)
June 30, 2015 March 31, 2015 Difference
[A] [B] [A-B]
Interest-bearing Debt 32,427 33,379 -952
(Unit: 100 million yen)
FY2015 1Q FY2014 1Q
Depreciation 471 489