Statements 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.
(Note)
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.
Financial Results for
The 3rd Quarter of FY2020
(IR materials for investors)
January 29, 2021
Table of Contents
1.Financial Results for FY2020 3Q 〔Consolidated〕 P1
(1) Factor ➀ Electricity Sales Volume P2
2 Generated and Received Electricity P3
3 Others P4
(2) Ordinary Revenues P5
(3) Ordinary Expenses P6
(4) Ordinary Income/Net Income Attributable to Owners of the Parent P7
(Reference)Factors Affecting Consolidated Ordinary Income P8
(5) Segment Information P9
1 Power and Retail 2 Transmission and Distribution P10
3 Other Energy Services Businesses P11
4 ICT Services Businesses P12
5 Other Businesses P13
2.Financial Status for FY2020 3Q 〔Consolidated〕 P14
3.Forecasts of Financial Results for FY2020 P15
4.Forecasts of Year-end Dividends for FY2020 P16
(Reference) Installed Capacity for Solar, Wind, and Biomass, and Purchased Electricity P17
■しかく(Reference) Data〔Japanese electric power businesses〕P18P19P20■しかくFinancial Results for FY2020 3Q
Revenues from Retail sales, Wholesale sales, and Others
Expenses for Fuel and Purchased power
Expenses for Maintenance, Depreciation, and Others
(1.17 )
FY2020 3Q
Consolidated Ratio
Sales (Increase), Ordinary Income (Increase)
Consolidated Sales :1,546.8 billion of yen(Increase by 2.9% Compared with FY2019 3Q)
Consolidated Ordinary Income: 73.8 billion of yen(Increase by 486.6% Compared with FY2019 3Q)
(Billion of Yen,%)
1 Financial Results for FY 2020 3Q (Consolidated)
Note: Consolidated subsidiaries: 46 companies ( 1 company has been decreased)
Equity method companies: 40 companies ( 1 company has been added)1(1.87 )
(1.65)
Note: From FY2020 1Q, our company and consolidated subsidiaries have changed our calculation method of the depreciation costs for property, plants
and equipment from a declining-balance method to a straight-line method.
FY2020 3Q FY2019 3Q DifferenceRateof Change
Ordinary Revenues 1,558.6 1,516.1 42.5 2.8
Sales [Figures are included above]
1,546.8 1,502.9 43.9 2.9
Ordinary Expenses 1,484.7 1,503.5 -18.7 -1.2
(Operating Income) (86.2) (30.4) (55.8) (183.2)
Ordinary Income 73.8 12.5 61.2 486.6
Net Income attributable to
owners of the parent
55.3 1.4 53.9 -
Compared to FY2019 3Q, our ordinary income increased because of a decrease in depreciation costs, due to a change in
our depreciation calculation method. Furthermore, a decrease in repair cost and miscellaneous cost and an increase in the
amount of electricity sales volume in retail outside the Kyushu region, contributed to the increase of ordinary income. This
was caused despite the negative impacts of the Corona virus and the temporary shutdown of the Sendai Nuclear Power
Station, due to the installation work of the Specific Safety Facilities.
Note1: Some rounding errors may be observed.
(Billion kWh,%)21 (1) Factor ➀ Electricity Sales Volume(Consolidated)
【Consolidated electricity sales volume】
Note2: The figures represent our company and consolidated subsidiaries (Kyushu Electric Power Transmission and Distribution Co., Inc. and Kyuden
Mirai Energy Co.,Inc.) (internal transactions have been eliminated).
FY2020 3Q FY2019 3Q DifferenceRateof Change
Retail
(Kyuden Mirai Energy Co.,Inc.
55.06 53.90 * 1.16 2.2
[Figures are included above]) (4.30) (1.99) (2.31) (116.2)
Lighting 17.49 17.56 -0.07 -0.4
Power 37.57 36.34 1.23 3.4
Wholesale 7.43 5.29 2.14 40.4
Total 62.49 59.19 3.30 5.6
* Impact of the Corona virus -1.5 billion kWh
Although the corona virus had a negative effect on Retail Electricity Sales volume, it increased by 2.2% to 55.1
billion kWh compared to FY2019 3Q. The rise in volume was due to two factors: an increase in electricity sales
volume outside the Kyushu region, as the group company Kyuden Mirai Energy saw a growth in sales, and the
positive impact of higher temperatures in August compared to the same period last year.
Wholesale sales volume increased by 40.4% to 7.4 billion kWh.
As a result, total amount of electricity sales volume increased by 5.6% to 62.5 billion kWh.
1 (1) Factor 2 Generated and Received Electricity (Consolidated)
FY2020 3Q FY2019 3Q DifferenceRateof Change
Own facilities *1
Hydro 3.85 3.89 -0.04 -1.1
(Water flow rate) (101.5) (92.8) (8.7)
Thermal 24.83 19.25 5.58 29.0
Nuclear 14.93 19.96 -5.03 -25.2
(Utilization rate) *2 (57.1) (76.0) (-18.9)
New Energy etc 0.85 0.88 -0.03 -2.5
Subtotal 44.47 43.98 0.49 1.1
Interchange・Received Electricity from Other
companies *3
( Hydro [ Figures are included above] )
24.22
(1.17)
20.91
(1.16)3.31(0.01)15.8(1.5)
( New Energy etc. [ Figures are included above] ) (11.67) (9.75) (1.92) (19.7)
For pumping etc -1.69 -1.76 0.07 -3.9
T o t a l 66.99 63.13 3.86 6.1
FY2020 3Q FY2019 3Q Difference
Nuclear Power 22.3 31.6 -9.3
Renewable Energy * 24.6 22.9 1.7
【 Consolidated】
(Reference) Ratio of Generated and Received Electricity
Note1: Some rounding errors may be observed.
*1 Own facilities’ generation means transmission–end number.
* "Renewable Energy’’ represents a total of Solar, Wind, Biomass, Waste, Geothermal and Hydro (excluding "For pumping") generated by facilities of our own and other companies.
(Billion kWh,%)(%)3
*2 On April 9, 2019, unit No.2 of Genkai nuclear power station was decommissioned.
Note2: Represents our company and consolidated subsidiaries (Kyushu Electric Power Transmission and Distribution Co., Inc. and Kyuden Mirai Energy Co., Inc.).
*3 "Interchange & other companies’’ includes the volume of electricity recognized as of the end of quarter of fiscal year.
Note3:Since Generated and Received Electricity has been revised to correspond to total amount of electricity sales volume,
the amount of transmitted power is not deducted from 2020 2Q.
Note4: The difference between the total amount of power generated and received electricity and the amount of electricity sales volume is the amount of power lost, etc.
The electricity supply has been stable, which is the result of a comprehensive operation of power generation
facilities such as thermal power and water pumping, and the implementation of renewable energy output
control based on government rules.
1 (1) Factor 3 Others (Consolidated)
Crude Oil CIF Price and Exchange Rate
FY2020 3Q FY2019 3Q Difference
Crude Oil CIF Price 39$/b 68$/b -29$/b
Exchange Rate 106\/$ 109\/$ -3\/$4FY2020 3Q FY2019 3Q DifferenceRateof Change
Explanations
Operating Revenues (Sales) 1,546.8 1,502.9 43.9 2.9 Japanese electric power business 48.1
Other Revenues 11.7 13.2 -1.4 -10.7
(Share of profit of entities accounted
for using the equity method)
[Figures are included above]
(6.9) (7.0) (-0.1) -1.9
Ordinary Revenues 1,558.6 1,516.1 42.5 2.8 Japanese electric power business 45.9
(Billion of Yen,%)
1 (2) Ordinary Revenues (Consolidated)
(Japanese electric power businesses [Figures are included above])
Retail 984.2 1,001.3 -17.0
Increase in electricity sales volume 17.5
Unit price difference(Effect of fuel adjustment) -37.5
Renewable Energy Power Promotion Surcharge
3.8(142.1←138.3)*
[Impact of the Corona virus -27.0]
Wholesale 51.9 44.2 7.6 Sold power to other suppliers 7.7
Other 399.3 344.0 55.3
Grant based on the Act on Purchase of Renewable
Energy Sourced Electricity 56.1(334.6←278.5) *
(Sales) (1,433.4) (1,385.3) (48.1)
Ordinary Revenues 1,435.5 1,389.6 45.95Note : The figures of Japanese electric power businesses represent our company and a consolidated subsidiary
(Kyushu Electric Power Transmission and Distribution Co.,Inc and Kyuden Mirai Energy Co.,Inc.) (Elimination of internal transactions).
* The underlined parts are related to Feed-in Tariff Power purchase and sale system of renewable energy
Sales increased by 2.9% to 1,546円.8 billion and ordinary revenues increased by 2.8% to 1,558円.6 billion, due to an increase
in Wholesale and in the grant based on the Act on Purchase of Renewable Energy Sourced Electricity.
Despite the impact of the corona virus, retail electricity sales volume increased due to increased sales outside the Kyushu
region, but retail sales revenue decreased due to the effect of fuel cost adjustments which was caused by a fall in fuel prices.
FY2020 3Q FY2019 3Q DifferenceRateof Change
Explanations
Operating Expenses 1,460.5 1,472.4 -11.8 -0.8 Japanese electric power business -9.4
Other Expenses 24.1 31.0 -6.8 -22.2
Ordinary Expenses 1,484.7 1,503.5 -18.7 -1.2 Japanese electric power business -12.4
(Billion of Yen,%)
1 (3) Ordinary Expenses (Consolidated)
(Japanese electric power businesses [Figures are included above])
Labor 104.3 106.9 -2.6
Fuel 140.7 145.5 -4.7
Decrease in CIF and exchange gains -33.0
Effect of operating nuclear power station 22.0 *1
Increase in retail・wholesale 10.5
Purchased power from other
utilities and other suppliers
485.5 431.9 53.5
Purchased power from other suppliers 53.0
(Figures are included above : Purchase of Renewable Energy Sourced
Electricity 53.9 (385.1←331.2) *2)
Maintenance 111.3 121.6 -10.2 Nuclear -12.2
Depreciation 110.7 150.4 -39.6 Effect of a change in a depreciation calculation method -42.2
Interest 16.6 17.9 -1.3
Nuclear back-end 36.0 48.3 -12.2 Effect of operating nuclear power station -7.0 *1
Other 375.7 370.7 4.9
Intra-Area Wheeling Service consignment charge 8.0
Levy based on the Act on Purchase of Renewable Energy
Sourced Electricity 4.4 (142.7←138.3) *2
Miscellaneous cost -9.4
(Loss of LNG trading -17.9 (0.0←17.9) Commission 7.8)
Ordinary Revenues 1,381.2 1,393.6 -12.46*2 The underlined parts are related to Feed-in Tariff Power purchase and sale system of renewable energy
*1 Difference in impact on nuclear power operation (fuel cost + nuclear back-end cost) 15.0
Note : The figures of Japanese electric power businesses represent our company and consolidated subsidiaries
(Kyushu Electric Power Transmission and Distribution Co.,Inc and Kyuden Mirai Energy Co.,Inc.) (Elimination of internal transactions).
Ordinary expenses decreased by 1.2% to 1,484円.7 billion, due to a decrease in depreciation and overall costs such as
maintenance and miscellaneous costs, yet there was an increase in power purchase costs of renewable energy.
FY2020 3Q FY2019 3Q DifferenceRateof Change
Ordinary Income 73.8 12.5 61.2 486.6
Provision for Reserve for Fluctuation
in Water Levels
-0.2 -0.2 - -
Income Before Income Taxes 74.1 12.8 61.3 477.2
Income Taxes 17.5 9.9 7.6 76.9
Net Income Attributable to Non-controlling
Interests
1.2 1.5 -0.2 -18.6
Net Income Attributable to Owners of the
Parent
55.3 1.4 53.9 -
(Billion of Yen,%)
1(4) Ordinary Income/Net Income Attributable to Owners of the Parent (Consolidated) 7
As a result, both ordinary income and net income attributable to owners of the parent increased from FY2019 3Q.
Ordinary income amounted to 73.8 billion yen and net income attributable to owners of the parent amounted to 55.3 billionyen.Consolidated ordinary income
excluding effect of time lag
around -1.5
Consolidated ordinary income
excluding effect of time lag
around 52.8
(Billion of Yen)
( Reference ) Factors Affecting Consolidated Ordinary Income 8
(FY2019 3Q) (FY2020 3Q)
Effect of time
lag of fuelcostadjustment
Others
Decrease in
depreciation
costs
Consolidated
Ordinary Income
Consolidated
Ordinary Income
Effect of
operating
nuclear power
station
Impact of the
Corona virus*
Decrease in
Maintenance・
Miscellaneous cost
Increase in
electricity
sales
volume of
Retail・
Wholesale*
*Taking into account effects of the fuel costs ,etc.
+19.6
+19.0
+39.612.5+7.173.8(+ 61.2)
-15.0
-16.0+7.0Others
(14.0→21.0)
(Decrease in Loss of
LNG trading +17.9)
FY2020 3Q FY2019 3Q Difference
Energy
services
businesses
Japanese
electric
power
businesses
Power and Retail
businesses
Sales 1,380.3 - -
Ordinary Income 38.3 - -
Transmission and
Distribution
businesses
Sales 403.6 - -
Ordinary Income 16.0 - -
Inter-segment
transactions eliminated
Sales -350.5 - -
Ordinary Income - - -
Total
Sales 1,433.4 1,385.3 48.1
Ordinary Income 54.3 -4.0 58.3
Other energy services businesses
Sales 124.4 131.9 -7.4
Ordinary Income
( Overseas businesses )
[Figures are included above]
12.1 11.8 0.2
(4.1) (2.5) (1.5)
ICT services businesses
Sales 79.3 75.8 3.4
Ordinary Income 4.3 1.9 2.4
Other businesses
Sales 21.1 20.7 0.3
Ordinary Income 3.6 3.6 -
Inter-segment transactions eliminated
Sales -111.4 -110.8 -0.5
Ordinary Loss -0.5 -0.8 0.2
Total
Sales 1,546.8 1,502.9 43.9
Ordinary Income 73.8 12.5 61.2
Note1: The above amounts represent figures prior to elimination of transactions among segments.
Note2: Figures in ( ) represent sales excluding transactions among group companies.
Note3: Our segment classification and the segment income were changed from FY2020 1Q
Note4: For Power and Retail businesses and Transmission and Distribution businesses there are no segment results for FY2019 3Q, so only the results for FY2020 3Q are shown.
(1,313.3)
(117.2)
(1,382.2) (48.3)
(1,430.6)
(53.8) (-4.8)
(57.7) (57.4) (0.3)
(Billion of Yen)
1 (5) Segment Information (Consolidated)
(49.0)
(9.4) (9.2)9(0.1)
Sales : 1,380.3 billion of yen
Ordinary Income : 38.3 billion of yen
Domestic Power and Retail business, etc.
[Power and Retail ]
1 Power and Retail
Sales : 403.6 billion of yen
Ordinary Income : 16.0 billion of yen
Transmission and Distribution business in Kyushu, etc.
[Transmission and Distribution]
2 Transmission and Distribution
1 (5) ➀ Power and Retail 2 Transmission and Distribution 10
Note: For Power and Retail businesses and Transmission and Distribution businesses there are no segment results for FY2019 3Q, so only the results for FY2020 3Q are
shown.
Sales amounted to 1,380円.3 billion, due to factors such as retail sales revenue and grant based on the Act on Purchase of
Renewable Energy Sourced Electricity.
Ordinary income is 38円.3 billion, due to factors such as purchased power costs, consignment charges, Fuel and Levy
based on the Act on Purchase of Renewable Energy Sourced Electricity.
Sales amounted to 403円.6 billion, due to factors such as consignment revenues.
Ordinary income was 16円.0 billion, due to factors such as purchased power costs, maintenance, depreciation and
commission.
1 (5) 3 Other Energy Services Businesses(Financial Results)
FY2020 3Q FY2019 3Q DifferenceRateof Change
Sales 124.4 131.9 -7.4 -5.6
Ordinary Expenses 122.6 129.6 -6.9 -5.4
Ordinary Income 12.1 11.8 0.2 2.1
(Share of profit of entities accounted
for using the equity method)
[Figures are included above]
(7.21) (7.39) (-0.17) (-2.4)
Sales : 124.4 billion of yen ( Decrease by 5.6% Compared with FY2019 3Q )
Ordinary Income : 12.1 billion of yen( Increase by 2.1% Compared with FY2019 3Q )
(Billion of Yen, %)
Stable energy supply business as construction and maintenance of electrical equipment, Sales of gas and LNG business,
Renewable energy business, Overseas business, etc.
[Other Energy Services Businesses]11Sales decreased by 5.6% to 124円.4 billion compared to FY2019 3Q, due to a decrease in replacements of electrical
measuring equipment and repair work of plants.
Ordinary income increased by 2.1% to 12円.1 billion compared to FY2019 3Q.
1 (5) 4 ICT Services Businesses(Financial Results)
FY2020 3Q FY2019 3Q DifferenceRateof Change
Sales 79.3 75.8 3.4 4.5
Ordinary Expenses 75.1 74.0 1.1 1.5
Ordinary Income 4.3 1.9 2.4 128.7
(Share of loss/profit of entities
accounted for using the equity method)
[Figures are included above]
(-0.11) (-0.22) (0.10) (-)
Sales : 79.3 billion of yen ( Increase by 4.5% Compared with FY2019 3Q )
Ordinary Income : 4.3 billion of yen ( Increase by 128.7% Compared with FY2019 3Q )
(Billion of Yen, %)
Data communications business, Optical broadband service business, Telecommunications construction/ maintenance
business, Developments for information system business, Data centers business, etc.
[ICT Services Businesses]12Sales increased by 4.5% to 79円.3 billion compared to FY2019 3Q, due to an increase in information system development
contracts and higher sales of optical broadband and smartphone services, etc.
Ordinary Income increased by 128.7% to 4円.3 billion compared to FY2019 3Q, due to a decrease in costs associated with
the termination of IoT services.
1 (5) 5 Other Businesses(Financial Results)
FY2020 3Q FY2019 3Q DifferenceRateof Change
Sales 21.1 20.7 0.3 1.9
Ordinary Expenses 17.9 17.5 0.3 2.2
Ordinary Income 3.6 3.6 - 0.3
(Share of loss/profit of entities
accounted for using the equity method)
[Figures are included above]
(-0.06) (0.05) (-0.12) (-)
Sales : 21.1 billion of yen ( Increase by 1.9% Compared with FY2019 3Q )
Ordinary Income : 3.6 billion of yen ( Increase by 0.3% Compared with FY2019 3Q )
(Billion of Yen, %)
Real estate business, Paid nursing home business, etc.
[Other Businesses]13Sales increased by 1.9% to 21円.1 billion compared to FY2019 3Q, due to an increase in handling outsourced office work.
Ordinary income was 3.6 billion yen, about the same as FY2019 3Q.
Dec.31,2020 Mar.31,2020 Difference
Assets 5,116.6 4,948.0 168.5
Liabilities 4,438.1 4,310.1 128.0
(Interest-bearing Debt)
[ Figures are included above ]
(3,515.2) (3,406.2) (108.9)
Equity 678.4 637.9 40.5
Equity Ratio (%) 12.7 12.3 0.4
(Billion of Yen)
2 Financial Status for FY2020 3Q(Consolidated) 14
Assets increased by 168円.5 billion to 5,116円.6 billion compared to the end of FY2019, because capital investments led
to an increase in fixed assets and because of an increase in current assets, such as accounts receivable, cash and
deposits.
Liabilities increased by 128円.0 billion to 4,438円.1 billion compared to the end of FY2019 due to an increase of interest-
bearing debt.
Equity increased by 40円.5 billion to 678円.4 billion compared to the end of FY2019 due to Net Income Attributable to
Owners of the Parent, in spite of a decrease by payment of dividends. As a result, shareholders’ equity ratio is 12.7%.
3 Forecasts of Financial Results for FY2020 15
Forecast
(January)
Previous
Forecast
(October)
DifferenceRateof Change
Sales - 2,060.0 - -
Operating Income - 70.0 - -
Ordinary Income - 45.0 - -
Net Income attributable to
owners of the parent
- 30.0 - -
(Billion of Yen, %)
Forecasts of Sales and Ordinary Income for FY2020 have
been revised (previously announced in October 2020)
Consolidated Sales : Undecided
Consolidated Ordinary Income: Undecided
In early January extreme cold weather caused the supply-demand balance to become tight, leading
power prices to soar on Japan’s wholesale market. This has put pressure on the power generation and
retail sales business’ performance and it is uncertain how long the current situation will continue.
Therefore the earnings forecast that was announced on October 30, 2020 has been withdrawn for the
time being and is undecided.
We will provide an update as soon as it is possible to make a sufficiently reliable forecast of the
consolidated earnings for FY2020.3020 17.52005151015
15 17.5500 0 05152030
35 35
FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY20201510( )( )
4 Forecasts of Year-end Dividends for FY2020
(Unit : Yen)
[ Changes in a dividend per share(Common Stock)]
■しかく Year-end
■しかく Interim
Total Dividend for FY2020:35yen
( Same compared to FY2019 )
As for the year-end dividends for FY2020, there is no change to the previous forecast, we plan to pay a
dividend of 17円.5 per common share (annual: 35円 per common share).
As for the class A preferred share, we plan to pay a dividend of a total amount of 1円.05 billion
(annual:2円.1 billion).
Note: The number with ( ) for the FY2020 is a forecast. There is no change to the previous forecast.160.991.460.450.578.319.649.75
11.67
FY20193QFY20203Q[Purchased electricity]
[100%]
[116%]
SolarWindBiomass,etc.
(billion kWh)
(Reference) Installed Capacity for Solar , Wind, and Biomass, and Purchased Electricity
Note 1: Meter rate: Lighting B, Contract Current 30A, Monthly use of 250kWh
Note 2: Feed-in tariff has been enforced since July 2012 ( and a surcharge on electricity rate has started in August 2012).
Transition of Renewable Energy Power Promotion Surcharge
【Power purchase contract amounts】
(Reference) Ratio of Renewable Energy*2 to
Generated and Received Electricity*1
*2 "Renewable Energy’’ represents a total of Solar, Wind,
Biomass, Waste, Geothermal and Hydro (excluding "For
pumping") generated by facilities of our own and other companies.
Note 3: Renewable energy power promotion surcharge in FY2020 is applied from May 2020.
Note2: Biomass facilities are listed from FY2016.17FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020
Surcharge
(Yen/kWh)
0.22 0.35 0.75 1.58 2.25 2.64 2.90 2.95 2.98
Price per
household
(Yen/Month)
55 87 187 395 562 660 725 737 745
Note : Represents our company and a consolidated subsidiary
(Kyushu Electric Power Transmission and Distribution Co., Inc.and
Kyuden Mirai Energy Co.,Inc.) (Elimination of internal transactions).
*1 Transmitted power is not deducted from 2020 2Q.
25 33
50 59 64
41 42 43 47 48 50 51 51 59 5974111272469601677766836925993
[100%]
[245%]
[423%]
[540%]
[609%]
[831%]115153315516649752850937
1,043
1,116
FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY20203Q[Installed capacity] (Ten thousand kW)
SolarWindBiomass
[892%]
[751%]
[689%]
FY2019 3Q FY2020 3Q
Ratio of Purchased Power
to Generated and
Received Electricity*1
15.4% 17.4%
FY2019 3Q FY2020 3Q
Total Renewable Energy
Generated by Facilities of
Our Own and
Other Companies
22.9% 24.6%
Note1: These figures represent the total amount of electricity purchased in Kyushu Electric Power Co., Inc. and
Kyushu Electric Power Transmission and Distribution Co., Inc. (excluding our own facilities)
(Reference) Data
〔Japanese electric power businesses〕
FY2020 3Q FY2019 3Q DifferenceRateof Change
Revenues from
retail sales
984.2 1,001.3 -17.0 -1.7
Revenues from Retail sales, Wholesale sales, and Others
Revenues from retail sales
(Billion of Yen,%)
Difference FY2019 3Q
FY2020 3Q
FY2020 3Q FY2019 3Q DifferenceRateof Change
Revenues from
wholesale sales
51.9 44.2 7.6 17.3
1. Sold power to other suppliers 7.7 ( 50.9 ← 43.2 )
(Billion of Yen,%)
Difference FY2019 3Q
FY2020 3Q
FY2020 3Q FY2019 3Q DifferenceRateof Change
Others 399.3 344.0 55.3 16.1
1. Grant based on the Act on Purchase of
Renewable Energy Sourced Electricity 56.1 ( 334.6 ← 278.5 )
(Billion of Yen,%)
Difference FY2019 3Q
FY2020 3Q
Revenues from wholesale sales
Others181. Increase in electricity sales volume 17.5
2. Unit price difference (Effect of fuel adjustment) -37.5
3. Renewable Energy Power Promotion Surcharge 3.8 ( 142.1 ← 138.3 )
◆だいやまーく Purchase of Renewable Energy Sourced Electricity 53.9 ( 385.1 ← 331.2 )
FY2020 3Q FY2019 3Q DifferenceRateof Change
Fuel 140.7 145.5 -4.7 -3.3
1. Purchased power from other suppliers 53.0
Expenses for Fuel and Purchased power
(Billion of Yen,%) (Billion of Yen,%)
Difference Difference Difference FY2019 3Q
FY2020 3Q
【Reference1】 All Japan CIF prices
【Reference2】 Fuel consumption
FY2020 3Q FY2019 3Q Difference
Coal ($/t) 76 105 -28
LNG ($/t) 369 495 -126
Crude oil ($/b) 39 68 -29
FY2020 3Q FY2019 3Q Difference
Coal (ten thousand ton) 514 476 38
LNG (ten thousand ton) 156 84 71
Fuel Purchased power193. Increase in revenues from retail sales
and wholesale sales 10.5
FY2020 3Q FY2019 3Q Difference
Water Flow Rate (%) 101.5 92.8 8.7
Nuclear Power Utilization Rate* (%) 57.1 76.0 -18.9
【Reference3】 Water Flow Rate, Nuclear Power Utilization Rate
2. Effect of operating nuclear power station 22.0
* On April 9,2019, unit No.2 of Genkai nuclear power station was decommissioned.
1. Decrease in CIF and exchange gains -33.0
FY2020 3Q FY2019 3Q DifferenceRateof Change
Purchased power 485.5 431.9 53.5 12.4
FY2020 3Q FY2019 3Q DifferenceRateof Change
Maintenance 111.3 121.6 -10.2 -8.5
FY2020 3Q FY2019 3Q DifferenceRateof Change
Depreciation 110.7 150.4 -39.6 -26.4
Expenses for Maintenance , Depreciation and Others
Maintenance
(Billion of Yen,%)
(Billion of Yen,%)
Difference
FY2020 3Q FY2019 3Q DifferenceRateof Change
Others 532.8 544.0 -11.2 -2.1
1. Nuclear back-end -12.2 ( 36.0 ← 48.3 )
(Billion of Yen,%)
Difference FY2020 3Q FY2019 3Q
2. Labor -2.6 ( 104.3 ← 106.9 )
Others
Depreciation201. Effect of changing Depreciation calculation method -42.2
1. Nuclear -12.2
Difference
For more information, please contact:
Investor Relations Group
Corporate Strategy Division
KYUSHU ELECTRIC POWER CO.,INC.
TEL : +81 92 726 1575
URL : http://www.kyuden.co.jp/en_ir_index