September 12, 2017
Kyushu Electric Power Co., Inc.
Notice regarding Revision of Forecasts of Financial Results and Dividends for FY2017
We hereby announce that we revise the previous forecasts of financial results and dividends for the
FY2017 announced on July 31, 2017.
1. Revision of Forecasts on Financial Results
(1) Revision of Forecasts of the Consolidated financial results for the FY2017 (April 1, 2017 - March 31,2018)
Sales
Operating
income
Ordinary
income
Profit attributable
to owners of
parentEPS(Unit: million yen) (Unit: million yen) (Unit: million yen) (Unit: million yen) (Unit: yen)
Previous Forecast (A) 1,945,000 - - - -
Revised Forecast (B) 1,945,000 95,000 65,000 50,000 98.17
Difference (B-A) - - - -
Ratio (%) - - - -
(Reference)
Results for the FY2016
1,827,524 122,640 94,234 79,270 159.97
(2) Revision of Forecasts of the Non-Consolidated financial results for the FY2017 (April 1, 2017 - March 31,2018)
Sales
Operating
income
Ordinary
income
Profit attributable
to owners of
parentEPS(Unit: million yen) (Unit: million yen) (Unit: million yen) (Unit: million yen) (Unit: yen)
Previous Forecast (A) 1,810,000 - - - -
Revised Forecast (B) 1,810,000 75,000 45,000 35,000 66.46
Difference (B-A) - - - -
Ratio (%) - - - -
(Reference)
Results for the FY2016
1,696,731 99,535 68,883 61,057 121.44
(3) Reason of Revision
As for the forecasts of financial results for the FY2017, we had not decided the profit because we
could not see the period of restart of Genkai Nuclear Power Station. We hereby announce the
forecasts, because we calculated them incorporating overall cost reductions based on the fact that we
applied for the pre-operation inspection of Genkai Nuclear Power Station Unit No.3 on August 28,
2017.
As for the sales, it is expected to be about 1,945円 billion, exceeding the previous fiscal year results
even though the electricity sales volume will decline due to the progress of the competition and other
factors. That is because, in the electricity business, there will be an increase of the lightning and
power revenue due to rise the unit price caused by the adjustment of fuel cost, and increases of both
the Electricity Sales to Others and the Grant based on the Act on Purchase of Renewable Energy
Sourced Electricity.
As of ordinary income, it is expected to be about 65円 billion, below the previous fiscal year results
despite the fact that we are striving to group-wide efforts to the cost reduction. This is because, in
electricity business, there will be an increase of overhead expenses associated with the electric system
reform, though Genkai Nuclear Power Station Units No.3 and 4 will be restarted in FY2017.
In addition, as of profit attributable to owners of parent, it is expected to be about 50円 billion,
below the previous fiscal year results.
(Reference: Key Factors)
Revised previous
Electricity Sales Volume (billion kWh) 76.6 76.4
Crude Oil CIF Price ($/b) 54 55
Exchange Rate (\/$) 114 114
Nuclear Power Utilization Rate (%) 44.5
2. Revision of the Forecasts of Dividends
(1) Revision of the Forecasts of Dividends for the FY2017
・Common Share
A Dividend per Share (Unit: yen)
End of the Second Quarter End of the Fiscal Year Total
Previous Forecast (Undecided) (Undecided) (Undecided)
Revised Forecast 10.00 10.00 20.00
Results for the
FY2017
Results for the
FY2016
0.00 15.00 15.00
・Class A Preferred Share
A Dividend per Share (Unit: yen)
End of the Second Quarter End of the Fiscal Year Total
Previous Forecast (Undecided) (Undecided) (Undecided)
Revised Forecast 1,750,000.00 1,750,000.00 3,500,000.00
Results for the
FY2017
Results for the
FY2016
0.00 3,500,000.00 3,500,000.00
(2) Reason of Revision
As for dividends, we maintain a stable dividend, with amounts determined based on a
comprehensive analysis of performance and other factors.
As for forecasts of dividends for the FY2017, we decide to pay a dividend of 20円 per common
share (interim is 10円 and year-end is 10円) and to pay a dividend of 3,500,000円 per class A preferred
share (interim is 1,750,000円 and year-end is 1,750,000円).
Note: The above forecasts were calculated based on the available information as of on the publication date of the
material. Actual results may differ from forecasts due to various factors in the future.
In addition, the English translation is for reference purposes only for the convenience of our English-speaking
investors. In case a difference arises regarding the meaning herein, the original Japanese version shall prevail.