April 30, 2024
The Fiscal Year Ended March 31, 2024 Financial Results Overview 〔Japan GAAP〕(Consolidated)
Kyushu Electric Power Co., Inc.
Stock code: 9508 URL: https://www.kyuden.co.jp/english_index.html Stock listed on: Tokyo SE, Fukuoka SE
Representative: Mr. Kazuhiro Ikebe, President & Chief Executive Officer
Contact: Investor Relations Group, Corporate Strategy Division. Tel: +81-92-726-1575
General Meeting of Stockholders date (plan) : June 26, 2024
Commencement of payment of year-end dividend: June 27, 2024
Annual security report submission date (plan): June 27, 2024
Preparation of supplementary materials for quarterly financial results: Yes
Information meeting for quarterly financial results: Yes (for analysts and institutional investors)
1. Consolidated Financial Results for FY2023(April 1, 2023 to March 31, 2024)
(1) Consolidated Operational Results
(Note) Comprehensive income : FY2023 215,505 million yen (-%) FY2022 -50,187 million yen (-%)
(Reference) Investment Profit/Loss under Equity Methods : FY2023 11,732 million yen FY2022 9,096 million yen
(2) Consolidated Financial Position
(Reference) Shareholders' equity: FY2023 890,529 million yen FY2022 582,064 million yen
(3) Consolidated Cash Flow
2. Dividends
Fully-diluted EPS for FY2023 is not indicated because EPS for FY2022 w as minus and there are no delutive potential shares
(Note) Fully-diluted EPS for FY2023 is not indicated because there are no delutive potential shares
(Note) See 'Dividends for Class Shares' regarding dividends for class shares which differ in shareholders' right from common
shares.
(Rounded dow n to the nearest million yen)
(% show s the changes from the previous FY)
(Unit: million yen) (%) (Unit: million yen) (%) (Unit: million yen) (%) (Unit: million yen) (%)
FY2023 ended March 31, 2024 2,139,447 -3.7 254,919 - 238,161 - 166,444 -
FY2022 ended March 31, 2023 2,221,300 27.4 -72,998 - -86,634 - -56,429 -
Sales Operating income Ordinary income
Profit attributable to
owners of parent
Net income
per share
Fully-diluted
net earnings
per share
Net return
on shareholders'
equity
Ratio of current
income to
total capital
Ratio of current
income to sales
(Unit: yen) (Unit: yen) (%) (%) (%)
FY2023 ended March 31, 2024 342.30 - 22.6 4.2 11.9
FY2022 ended March 31, 2023 -123.81 - -9.2 -1.6 -3.3
Total assets Net assets Shareholders' equity ratio Net assets per share
(Unit: million yen) (Unit: million yen) (%) (Unit: yen)
FY2023 ended March 31, 2024 5,727,240 921,043 15.5 1,452.10
FY2022 ended March 31, 2023 5,603,678 617,230 10.4 1,015.22
Cash flow from operating
activities
Cash flow from
investment activities
Cash flow from
financing activities
Cash and cash
equivalents balance as of
term-end
(Unit: million yen) (Unit: million yen) (Unit: million yen) (Unit: million yen)
FY2023 ended March 31, 2024 586,084 -344,320 -150,526 364,213
FY2022 ended March 31, 2023 30,504 -328,874 324,770 270,651
(Record date) 1Q Interim 3Q Year-end Total
(Unit: yen) (Unit: yen) (Unit: yen) (Unit: yen) (Unit: yen) (Unit: million yen) (%) (%)
FY2022 ended March 31, 2023 - 0.00 - 0.00 0.00 - - -
FY2023 ended March 31, 2024 - 0.00 - 25.00 25.00 11,847 7.3 2.0
FY2024 ending March 31,
2025(forecast)
- 25.00 - 25.00 50.00 31.9
Annual dividends per share Total dividends
(annual)
Payout ratio
(consolidated)
Dividend rate for
net assets
(consolidated)
3. Forecast of Financial result for FY2024 (April 1, 2024 to March 31, 2025)
※(注記) Note
(1)Changes in significant subsidiaries (changes in scope of specified subsidiaries) : No
Newly added:0 Excluded:0
(2) Changes in accounting principles, changes in accounting estimates, restatement
1 Changes in accounting principles in line with revised accounting standards : No
2 Changes in accounting principles other than 1 : No
3 Changes in accounting estimates : No
4 Restatement : No
(3) Number of common stocks issued and outstanding
1 Total stocks including treasury stocks at the end of period
FY2023 474,183,951 shares FY2022 474,183,951 shares
2 Treasury stocks at the end of period
FY2023 1,307,901 shares FY2022 1,416,422 shares
3 Average number of stocks during the period
FY2023 472,841,889 shares FY2022 472,752,795 shares
(Reference) Outline of Non-consolidated Financial Results
Non-consolidated Financial Results for FY2023 (April 1, 2023 to March 31, 2024)
(1) Non-Consolidated Operational Results
(% show s the changes from the previous FY)
(Unit: million yen) (%) (Unit: million yen) (%) (Unit: million yen) (%)
FY2023 ended March 31, 2024 1,794,068 -6.1 160,227 - 161,743 -
FY2022 ended March 31, 2023 1,910,515 31.3 -130,987 - -140,013 -
(Unit: million yen) (%)
FY2023 ended March 31, 2024 129,408 -
FY2022 ended March 31, 2023 -88,686 -
(2) Non-Consolidated Financial Position
(Reference) Shareholders' equity: FY2023 561,419 million yen FY2022 330,181 million yen
*Financial results are not subject to audit procedures
*Notes on the proper use of the forecasts
We will post supplementary materials for financial results on our website.
-191.91 -
(Note) Fully-diluted EPS for FY2023 is not indicated because there are no delutive potential shares
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.
Fully-diluted EPS for FY2023 is not indicated because EPS for FY2022 w as minus and there are no delutive potential shares
263.81 -
Sales Operating income Ordinary income
Net income Net earnings per share
Fully-diluted net earnings
per share
(Unit: yen) (Unit: yen)
(Note) The number of our shares regarding "Board Benefit Trust (BBT)" held by the Trust was included in the number of treasury
stocks at the end of period ( 723,000 shares as of FY2023 and 842,000 shares as of FY2022) . In addition, the number of
our shares held by the Trust was included in the number of treasury stocks, which was to be deducated from the calculation of
the average number of stocks during the period. (763,000 shares for FY2023 and 861,000 shares for FY2022)
Net earnings
per share
(Unit: million yen) (%) (Unit: million yen) (%) (Unit: million yen) (%) (Unit: million yen) (%) (Unit: yen)
Full-year 2,200,000 2.8 130,000 -49.0 110,000 -53.8 80,000 -51.9 156.91
Operating income Ordinary income
Profit attributable to
ow ners of parent
Sales
Total assets Net assets Shareholders' equityratio
Net assets
per share
(Unit: million yen) (Unit: million yen) (%) (Unit: yen)
FY2023 ended March 31, 2024 4,894,014 561,419 11.5 755.64
FY2022 ended March 31, 2023 4,834,743 330,181 6.8 482.13
(Reference) Dividends for Class Shares
(Note) The Company issued Class B preferred shares by way of third-party allotment on August 1,2023. Additionally, on the same day,
the Company acquired and cancelled the Class A preferred shares.
The breakdown of dividend for class shares which differ in shareholders' rights from common shares is as follows.
1Q 2Q 3Q Year-end Total
(Unit: yen) (Unit: yen) (Unit: yen) (Unit: yen) (Unit: yen)
FY2023 ended March 31, 2024 ― 0.00 ― 1,933,333.00 1,933,333.00
FY2024 ending March 31,
2025(forecast)
― 1,450,000.00 ― 1,450,000.00 2,900,000.00
Class B
preferred shares
Annual dividends per share
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2023
- 1 -
○しろまる Table of Contents of Attached Material
1. Consolidated Financial Statements and Main Notes・・・・・・・・・・・・・・・・・・・・ 2
(1) Consolidated Balance Sheets ・・・・・・・・・・・・・・・・・・・・・・・・・・ 2
(2) Consolidated Income Statements and Consolidated Comprehensive Income Statements・・・・ 4
(3) Consolidated Statements of Changes in Shareholders’ Equity ・・・・・・・・・・・・・・ 6
(4) Consolidated Statements of Cash Flows ・・・・・・・・・・・・・・・・・・・・・・ 8
(5) Notes on Consolidated Financial Statements ・・・・・・・・・・・・・・・・・・・・ 10
(Note on the premise of going concern)・・・・・・・・・・・・・・・・・・・・・・・ 10
(Segment information)・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・10
(Significant subsequent event)・・・・・・・・・・・・・・・・・・・・・・・・・・・12
Please note that this purports to be an accurate and complete translation of the original Japanese
version prepared for the convenience of our English-speaking audience. However, in the case of any
discrepancy between the translation and the Japanese original, the latter shall prevail.46881010
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2023
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1. Consolidated Financial Statements and Main Notes
(1) Consolidated Balance Sheets
(Unit:million yen)
As of March 31, 2023 As of March 31, 2024
Assets
Non-current assets 4,741,917 4,799,251
Electric utility plant and equipment 3,034,210 3,031,490
Hydroelectric power production facilities 273,970 269,018
Thermal power production facilities 224,632 203,932
Nuclear power production facilities 769,301 758,883
Internal combustion engine power production facilities 21,708 25,657
Renewable power production facilities 21,406 -
Renewable power production and related facilities - 21,082
Transmission facilities 678,862 682,793
Transformation facilities 239,681 243,593
Distribution facilities 663,456 669,537
General facilities 131,155 147,067
Other electric utility plant and equipment 10,036 9,923
Other non-current assets 418,165 411,519
Construction in progress 399,521 456,893
Construction and retirement in progress 248,184 291,509
Special account related to nuclear power decommissioning 35,041 30,537
Special account related to reprocessing of spent nuclear fuel 116,295 134,846
Nuclear fuel 224,372 233,961
Loaded nuclear fuel 50,122 45,277
Nuclear fuel in processing 174,249 188,683
Investments and other assets 665,647 665,386
Long-term investments 263,961 259,435
Retirement benefit asset 12,537 19,991
Deferred tax assets 172,337 148,191
Other 218,252 238,903
Allowance for doubtful accounts -1,441 -1,134
Current assets 861,761 927,988
Cash and deposits 295,450 392,761
Notes and accounts receivable - trade, and contract assets 196,439 182,421
Inventories 159,420 130,018
Other 214,031 225,339
Allowance for doubtful accounts -3,581 -2,552
Total assets 5,603,678 5,727,240
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2023
- 3 -
(Unit:million yen)
As of March 31, 2023 As of March 31, 2024
Liabilities
Non-current liabilities 3,845,921 3,684,914
Bonds payable 1,485,000 1,405,000
Long-term borrowings 1,908,852 1,819,197
Retirement benefit liability 80,761 60,154
Asset retirement obligations 297,367 300,002
Deferred tax liabilities 16,437 16,675
Other 57,501 83,883
Current liabilities 1,138,006 1,119,049
Current portion of non-current liabilities 443,506 426,273
Short-term borrowings 124,530 123,410
Commercial papers 40,000 -
Notes and accounts payable - trade 141,658 127,846
Accrued taxes 21,407 63,496
Provision for the levies related to Antimonopoly act 2,762 -
Other 364,140 378,021
Reserves under special laws 2,519 2,232
Reserve for water shortage 2,519 2,232
Total liabilities 4,986,448 4,806,196
Net assets
Shareholders' equity 565,393 827,098
Share capital 237,304 237,304
Capital surplus 120,006 193,520
Retained earnings 209,734 397,802
Treasury shares -1,651 -1,529
Accumulated other comprehensive income 16,670 63,431
Valuation difference on available-for-sale securities 5,828 10,052
Deferred gains or losses on hedges 11,150 24,781
Foreign currency translation adjustment 6,455 13,325
Remeasurements of defined benefit plans -6,765 15,271
Non-controlling interests 35,166 30,513
Total net assets 617,230 921,043
Total liabilities and net assets 5,603,678 5,727,240
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2023
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(2) Consolidated Income Statements and Consolidated Comprehensive Income Statements
(Consolidated Income Statements)
(Unit:million yen)
April 1,2022-
March 31, 2023
April 1,2023-
March 31, 2024
Operating revenue 2,221,300 2,139,447
Electric utility operating revenue 1,946,737 1,841,947
Other business operating revenue 274,563 297,499
Operating expenses 2,294,299 1,884,527
Electric utility operating expenses 2,041,909 1,612,181
Other business operating expenses 252,389 272,345
Operating profit (loss) -72,998 254,919
Non-operating income 24,859 30,485
Dividend income 1,549 1,320
Interest income 1,355 2,507
Foreign exchange gains - 3,496
Share of profit of entities accounted for using equity method 9,096 11,732
Other 12,858 11,427
Non-operating expenses 38,495 47,243
Interest expenses 27,936 28,053
Share issuance costs - 4,762
Other 10,558 14,426
Total ordinary revenue 2,246,160 2,169,932
Total ordinary expenses 2,332,794 1,931,771
Ordinary profit (loss) -86,634 238,161
Provision or reversal of reserve for water shortage -5,093 -287
Reversal of reserve for water shortage -5,093 -287
Extraordinary income 11,280 -
Gain on sale of securities 11,280 -
Extraordinary losses 2,762 13,487
Provision of allowance loss related to the Antitrust law 2,762 -
Loss on valuation of financial assets - 13,487
Profit (loss) before income taxes -73,022 224,961
Income taxes - current 6,180 47,122
Income taxes - deferred -24,716 9,557
Total income taxes -18,535 56,679
Profit (loss) -54,486 168,281
Profit attributable to non-controlling interests 1,942 1,836
Profit (loss) attributable to owners of parent -56,429 166,444
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2023
- 5 -
(Consolidated Comprehensive Income Statements)
(Unit:million yen)
April 1,2022-
March 31, 2023
April 1,2023-
March 31, 2024
Profit (loss) -54,486 168,281
Other comprehensive income
Valuation difference on available-for-sale securities 1,051 3,024
Deferred gains or losses on hedges 2,743 11,556
Foreign currency translation adjustment 6,623 5,766
Remeasurements of defined benefit plans, net of tax -12,166 21,525
Share of other comprehensive income of entities accounted for using equity method 6,047 5,350
Total other comprehensive income 4,299 47,223
Comprehensive income -50,187 215,505
Comprehensive income attributable to
Comprehensive income attributable to owners of parent -52,268 213,205
Comprehensive income attributable to non-controlling interests 2,081 2,300
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2023
- 6 -
(3) Consolidated Statements of Changes in Shareholders’ Equity
Previous consolidated fiscal year (April 1, 2022 to March 31, 2023)
(Unit:million yen)
Capital stock Capital surplus Retained earnings Treasury shares
Total shareholders'
equity
Balance at beginning of period 237,304 120,006 277,382 -1,706 632,987
Changes during period
Issuance of new shares -
Transfer from share capital to other
capital surplus- Deficit disposition -
Changes in equity of parent from
transaction of non controlling interest- Dividends of surplus -10,528 -10,528
Profit (loss) attributable to
owners of parent
-56,429 -56,429
Purchase of treasury shares -7 -7
Disposal of treasury shares - 62 61
Cancellation of treasury shares -
Decrease due to the increase in
affiliates under the equity methods
-690 -690
Net changes in items other than
shareholders' equity
Total changes during period - - -67,648 55 -67,593
Balance at end of period 237,304 120,006 209,734 -1,651 565,393
(Unit:million yen)
Valuation differenceonavailable-for-sale
securities
Deferred gains or
losses on hedges
Foreign currency
translation
adjustment
Remeasurements of
defined
benefit plans
Total accumulated
other
comprehensive
income
Balance at beginning of period 4,104 4,723 -1,383 5,066 12,509 30,840 676,337
Changes during period
Issuance of new shares -
Transfer from share capital to other
capital surplus- Deficit disposition -
Changes in equity of parent from
transaction of non controlling interest- Dividends of surplus -10,528
Profit (loss) attributable to
owners of parent
-56,429
Purchase of treasury shares -7
Disposal of treasury shares 61
Cancellation of treasury shares -
Decrease due to the increase in
affiliates under the equity methods-690 Net changes in items other than
shareholders' equity
1,724 6,427 7,839 -11,831 4,160 4,325 8,486
Total changes during period 1,724 6,427 7,839 -11,831 4,160 4,325 -59,107
Balance at end of period 5,828 11,150 6,455 -6,765 16,670 35,166 617,230
Shareholders' equity
Other comprehensive income
Non-controlling
interests
Total net assets
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2023
- 7 -
Current consolidated fiscal year (April 1, 2023 to March 31, 2024)
(Unit:million yen)
Capital stock Capital surplus Retained earnings Treasury shares
Total shareholders'
equity
Balance at beginning of period 237,304 120,006 209,734 -1,651 565,393
Changes during period
Issuance of new shares 100,000 100,000 200,000
Transfer from share capital to other
capital surplus
-100,000 100,000 -
Deficit disposition -21,623 21,623 -
Changes in equity of parent from
transaction of non controlling interest
-2,038 -2,038
Dividends of surplus -
Profit (loss) attributable to
owners of parent
166,444 166,444
Purchase of treasury shares -102,832 -102,832
Disposal of treasury shares - 132 131
Cancellation of treasury shares -102,822 102,822 -
Decrease due to the increase in
affiliates under the equity methods- Net changes in items other than
shareholders' equity
Total changes during period - 73,514 188,068 121 261,704
Balance at end of period 237,304 193,520 397,802 -1,529 827,098
(Unit:million yen)
Valuation differenceonavailable-for-sale
securities
Deferred gains or
losses on hedges
Foreign currency
translation
adjustment
Remeasurements of
defined
benefit plans
Total accumulated
other
comprehensive
income
Balance at beginning of period 5,828 11,150 6,455 -6,765 16,670 35,166 617,230
Changes during period
Issuance of new shares 200,000
Transfer from share capital to other
capital surplus- Deficit disposition -
Changes in equity of parent from
transaction of non controlling interest
-2,038
Dividends of surplus -
Profit (loss) attributable to
owners of parent
166,444
Purchase of treasury shares -102,832
Disposal of treasury shares 131
Cancellation of treasury shares -
Decrease due to the increase in
affiliates under the equity methods- Net changes in items other than
shareholders' equity
4,223 13,631 6,869 22,036 46,760 -4,652 42,107
Total changes during period 4,223 13,631 6,869 22,036 46,760 -4,652 303,812
Balance at end of period 10,052 24,781 13,325 15,271 63,431 30,513 921,043
Shareholders' equity
Other comprehensive income
Non-controlling
interests
Total net assets
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2023
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(4) Consolidated Statements of Cash Flows
(Unit:million yen)
April 1,2022-
March 31, 2023
April 1,2023-
March 31, 2024
Cash flows from operating activities
Profit (loss) before income taxes -73,022 224,961
Depreciation 203,814 222,553
Decommissioning costs of nuclear power units 12,859 7,193
Amortization of special account related to nuclear power decommissioning 4,503 4,503
Amortization of nuclear fuel 17,198 27,408
Loss on retirement of non-current assets 5,725 6,099
Increase (decrease) in retirement benefit liability -3,509 1,468
Increase (decrease) in reserve for water shortage -5,093 -287
Interest and dividend income -2,904 -3,828
Interest expenses 27,936 28,053
Share issuance costs - 4,762
Share of loss (profit) of entities accounted for using equity method -9,096 -11,732
Gain on sales of securities -11,280 -
Provision of Reserve for Loss on violation of the antitrust laws 2,762 -
Loss on valuation of financial assets - 13,487
Decrease (increase) in trade receivables -18,203 14,539
Decrease (increase) in inventories -57,587 29,347
Decrease (increase) in accounts receivable - other 12,432 -24,796
Increase (decrease) in trade payables -238 -16,915
Increase/decrease in consumption taxes payable/consumption taxes refund receivable -28,927 39,018
Increase (decrease) in accrued expenses -19,829 40,559
Other, net -294 8,040
Subtotal 57,247 614,435
Interest and dividends received 8,598 10,587
Interest paid -27,496 -27,909
Payments related to antitrust law - -2,762
Income taxes paid -7,844 -8,267
Net cash provided by (used in) operating activities 30,504 586,084
Cash flows from investing activities
Purchase of non-current assets -337,465 -333,465
Proceeds from contribution received for construction 23,810 17,426
Investments and loan advances -26,975 -31,509
Proceeds from divestments and collection of loans receivable 15,189 5,412
Other, net -3,434 -2,183
Net cash provided by (used in) investing activities -328,874 -344,320
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2023
- 9 -
(Unit:million yen)
April 1,2022-
March 31, 2023
April 1,2023-
March 31, 2024
Cash flows from financing activities
Proceeds from issuance of bonds 259,423 99,670
Redemption of bonds -160,000 -175,000
Proceeds from long-term borrowings 395,545 121,090
Repayments of long-term borrowings -199,381 -234,495
Net increase (decrease) in short-term borrowings 3,716 -1,124
Net increase (decrease) in commercial papers 40,000 -40,000
Proceeds from issuance of shares - 195,237
Purchase of treasury shares -7 -102,832
Dividends paid -10,554 -57
Purchase of shares of subsidiaries not resulting in change in scope of consolidation - -6,960
Other, net -3,972 -6,054
Net cash provided by (used in) financing activities 324,770 -150,526
Effect of exchange rate change on cash and cash equivalents 2,002 3,201
Net increase (decrease) in cash and cash equivalents 28,403 94,439
Cash and cash equivalents at beginning of period 241,756 270,651
Increase in cash and cash equivalents resulting from inclusion of subsidiaries in consolidation 491 -
Decrease in cash and cash equivalents resulting from exclusion of subsidiaries from consolidation - -876
Cash and cash equivalents at end of period 270,651 364,213
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2023
- 10 -
(5) Notes on Consolidated Financial Statements
(Note on the premise of going concern)N/A(Segment information)
(1) Overview of reportable segments
The Group’s reportable segments are those for which financial information is available separately and regular
evaluation by the Board of Directors is being performed in order to evaluate performance.
The Group comprises six reportable segments, "Power Generation and Sales Business", "Transmission and
Distribution business", "Overseas Business", "Other energy services businesses", "ICT services business" and
"Urban Development Business", classified in consideration of the types of products and business activities.
The main products and business activities belonging to each Reportable segment are described below.
Reportable segment Main products and business activities
Power Generation
and Sales business
Power generation and retail business in Japan
Transmission and
Distribution
business
Power transmission and distribution business in Kyushu
Overseas Businesses Power generation and transmission and distribution business outside of Japan
Other energy
services businesses
Businesses that contribute to stable power supply, such as construction and
maintenance of electrical equipment, Gas / LNG sales business, Coal sales business,
renewable energy business
ICT services
business
Data communication business, optical broadband business, telecommunications
construction and maintenance business, information system development business,
data center business
Urban Development
Business
Urban development, real estate, social infrastructure business
(2) Calculation method of sales, profits, assets and other items by Reportable segment
The accounting method of Reportable segment is similar to the Preparation of consolidated financial statements.
Reportable segment is based on operating income basis, and Inter-segment sales are based on market price.
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2023
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(3) Information regarding sales, profits, assets and other items by Reportable segment
Previous consolidated fiscal year (April 1, 2022 to March 31, 2023)
(Unit: millions of Yen)
Power and
Retail
businesses
TransmissionandDistribution
businesses
Sales
Revenue from contracts with
customers
1,702,223 230,883 2,712 108,208 86,309 7,429 2,137,767 3,948 2,141,715 - 2,141,715
Other revenue*4 45,295 22,949 3,532 417 1,070 6,318 79,584 - 79,584 - 79,584
Sales to outside customers 1,747,519 253,832 6,245 108,626 87,379 13,748 2,217,352 3,948 2,221,300 - 2,221,300
Inter-segment sales 183,418 455,147 - 152,513 32,009 11,209 834,298 4,814 839,113 -839,113 -
Total 1,930,937 708,980 6,245 261,140 119,389 24,957 3,051,650 8,763 3,060,414 -839,113 2,221,300
Segment income(loss) -143,558 14,120 4,459 29,240 6,526 3,218 -85,994 496 -85,497 -1,136 -86,634
Segment asset 4,423,383 1,956,923 215,585 475,478 212,169 148,516 7,432,056 15,230 7,447,287 -1,843,608 5,603,678
Other items
Depreciation (including
amortization of nuclear fuel)
109,540 73,367 33 12,951 24,687 3,286 223,867 375 224,242 -3,228 221,013
Interest income 9,620 72 924 187 4 46 10,856 - 10,856 -9,501 1,355
Interest expenses 22,584 9,320 3,301 1,868 186 108 37,370 67 37,438 -9,501 27,936
Share of profit (loss) of entities
accounted for using equity
method
- - 4,620 4,759 92 14 9,486 -93 9,392 -295 9,096
Increase in tangible fixed assets
and intangible fixed assets
140,984 121,362 28 12,637 28,790 8,352 312,154 233 312,388 -5,796 306,592
Consolidated
financial
statements*3
Japanese electric power
Other energy
services
businesses
Reportable segment
Reconciliation*2
Energy services
ICT services
businesses
Urban
Development
Businesses
Total
Overseas
Businesses
Other*1 Total
*1 The "Other" segment is a business segment that is not included in the reportable segments and includes the
fee-based nursing home business, outsourcing office work business and temporary staffing business.
*2 Reconciliations of Segment income/loss (\-1,136 million) and Segment assets (\-1,843,608 million) are
intersegment transaction eliminations.
*3 Segment income/loss is adjusted to reflect ordinary income in the consolidated statements of incomes.
*4 In the ‘Other Revenues’ of the ‘Power and Retail businesses’, ‘Transmission and Distribution businesses’, ‘Other
energy services businesses’, and ‘ICT services businesses’, subsidies received from ‘the national government
based on their measures to mitigate sharp fluctuations in electricity and gas rates’, a measure based on the ‘the
Comprehensive Economic Measures for Overcoming Price Increases and Revitalizing the Economy’, are
included, amounting to 44,777円 million, 1,298円 million, 323円 million, and 27円 million respectively.
Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2023
- 12 -
Current consolidated fiscal year (April 1, 2023 to March 31, 2024)
(Unit: millions of Yen)
Power and
Retail
businesses
TransmissionandDistribution
businesses
Sales
Revenue from contracts with
customers
1,487,739 191,433 2,209 116,083 89,035 11,075 1,897,577 3,990 1,901,568 - 1,901,568
Other revenue*4 189,815 35,348 3,569 1,137 1,104 6,903 237,879 - 237,879 - 237,879
Sales to outside customers 1,677,555 226,781 5,779 117,221 90,139 17,979 2,135,456 3,990 2,139,447 - 2,139,447
Inter-segment sales 142,238 471,665 - 182,200 41,282 11,018 848,405 5,186 853,592 -853,592 -
Total 1,819,793 698,446 5,779 299,421 131,422 28,997 2,983,862 9,177 2,993,039 -853,592 2,139,447
Segment income(loss) 147,552 41,366 5,347 33,923 7,805 3,828 239,823 452 240,275 -2,113 238,161
Segment asset 4,441,210 1,999,006 217,952 525,750 221,826 171,383 7,577,130 16,361 7,593,491 -1,866,251 5,727,240
Other items
Depreciation (including
amortization of nuclear fuel)
129,028 80,772 38 13,678 25,787 3,351 252,656 389 253,046 -3,085 249,961
Interest income 10,700 30 1,490 632 9 115 12,979 - 12,979 -10,471 2,507
Interest expenses 22,803 10,171 1,791 3,345 239 121 38,471 54 38,525 -10,471 28,053
Share of profit (loss) of entities
accounted for using equity
method
- - 4,646 7,470 7 247 12,372 -135 12,237 -504 11,732
Increase in tangible fixed assets
and intangible fixed assets
139,072 124,231 58 26,732 31,030 5,366 326,492 233 326,726 -6,457 320,268
Consolidated
financial
statements*3
Total
Reportable segment
Other*1 Total
Other energy
services
businesses
Reconciliation*2
Urban
Development
Businesses
ICT services
businesses
Japanese electric power
Overseas
Businesses
Energy services
*1 The "Other" segment is a business segment that is not included in the reportable segments and includes the
fee-based nursing home business, outsourcing office work business and temporary staffing business
*2 Reconciliations of Segment income/loss (\-2,113 million) and Segment assets (\-1,866,251 million) are
intersegment transaction eliminations.
*3 Segment income/loss is adjusted to reflect ordinary loss in the consolidated statements of incomes.
*4 In the ‘Other Revenues’ of the ‘Power and Retail businesses’, ‘Transmission and Distribution businesses’,
‘Other energy services businesses’, and ‘ICT services businesses’, subsidies received from the ‘the national
government based on their measures to mitigate sharp fluctuations in electricity and gas rates’, a measure based
on the ‘the Comprehensive Economic Measures for Overcoming Price Increases and Revitalizing the Economy’
and ‘Comprehensive Economic Measures to End Deflation Completely’, are included, amounting to 189,357円
million, 4,577円 million, 1,006円 million, and 117円 million respectively.
(Significant subsequent event)N/A