Statements made in this overview of operations regarding our 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 FY2023 3Q
(Presentation materials for investors)
January 31, 2024
Table of Contents11 Financial Results for FY2023 3Q〔Consolidated〕
Note: Consolidated subsidiaries: 50 companies [-1] Equity method companies: 50 companies [+3]
*1Gains sales on of investment securities *2Provision for loss on the Antimonopoly Act
FY2023 3Q FY2022 3Q Change %YoY
Ordinary Revenues 1,604.9 1,584.1 20.7 1.3
[ Sales : Figures are included above ] [1,583.3] [1,567.5] [15.8] [1.0]
Ordinary Expenses 1,354.3 1,714.7 -360.3 -21.0
[ Operating Loss/ Income ] [260.0] [-120.5] [380.6] [-]
Ordinary Loss/ Income 250.5 -130.5 381.1 -
Extraordinary Income - 11.2 -11.2 -
Extraordinary Loss - 2.7 -2.7 -
Net Loss/Income attributable to
owners of the parent
187.0 -89.4 276.4 -
(Billion of Yen)
Sales increased for the third year in a row.
Ordinary income recorded profit for the first time in two years.
Net income recorded profit for the first time in two years.
Consolidated Sales : 1,583.3 billion of yen (up 1.0% YoY)
Consolidated Ordinary income : 250.5 billion of yen
Consolidated Net income : 187.0 billion of yen
Regarding the financial results for FY2023 3Q, ordinary loss/income and net loss/income attributable to owners of the
parent amounted to a profit, a significant improvement:
- a positive turn in the effect of the time lag of the fuel cost adjustment system, caused by lower fuel prices.
Previous year it had a negative impact, whereas this year it resulted in a gain.
- decreases in fuel costs, reflecting increased operation of nuclear power stations
- decreases in purchased power costs caused by lower prices on the wholesale electricity market*1*2
(Billion kWh)2【Consolidated electricity sales volume】
Note1: Some rounding errors may be observed.
Note2: Includes also consolidated subsidiaries Kyushu Electric Power Transmission and Distribution Co., Inc. and Kyuden Mirai Energy Co., Inc.
Intersegment transactions have been eliminated.
Electricity sales volume for retail were 54.1 billion kWh (down 4.1% YoY) impacted by decreasing contracted electricity
outside the Kyushu area.
Electricity sales volume for wholesale were 12.4 billion kWh (down 14.1% YoY).
The total electricity sales volume resulted in 66.4 billion kWh (down 6.1% YoY).
FY2023 3Q FY2022 3Q Change % YoY
Retail 54.1 56.4 -2.3 -4.1
Lighting 16.7 16.4 0.3 2.0
Power 37.4 40.0 -2.6 -6.5
Wholesale 12.4 14.4 -2.0 -14.1
Total 66.4 70.8 -4.4 -6.1
1 (1) Factors ➀ Electricity Sales Volume 〔Consolidated〕3(Billion kWh)
Regarding the supply to retail and wholesale customers, we were able to deliver electricity in a stable manner through the
comprehensive operation of power generation facilities, including nuclear power, thermal power, water pumping, etc.
As for supply and demand within Kyushu area, we were able to deliver electricity stably through the operation of regulated
power sources and the implementation of renewable energy output control based on the government rules.
FY2023 3Q FY2022 3Q Change % YoY
Own facilities *1
Hydro 3.5 3.6 -0.1 -2.4
[ Water flow rate (%)] [93.9] [89.4] [4.5]
Thermal 18.7 27.3 -8.6 -31.6
Nuclear 23.7 13.2 10.5 79.3
[ Utilization rate (%)] [90.5] [50.5] [40.0]
New Energy, etc. 1.0 1.0 ― 5.1
Subtotal 47.0 45.1 1.9 4.1
Interconnection・Electricity received from other
companies *2 25.3 32.2 -6.9 -21.5
[ Hydro : Figures are included above ] [1.4] [1.3] [0.1] [7.2]
[ New Energy etc. : Figures are included above ] [14.9] [15.3] [-0.4] [-2.6]
For water pumping, etc. -1.6 -1.8 0.2 -11.4
Total 70.7 75.5 -4.8 -6.5
FY2023 3Q FY2022 3Q Change
Nuclear Power 33.6 17.5 16.1
Renewable Energy * 28.1 26.6 1.5
* Renewable energy represents a
total of Solar, Wind, Biomass,
Waste, Geothermal and Hydro
(excluding pumping) generated by
our facilities and other companies.
(Reference) Ratio of Generated and Received Electricity (%)
*1 Own facilities’ generation means transmission–end figure.
*2 "Interconnection & other companies’’ includes the volume of electricity recognized as of the end of FY2023 3Q.
Note: Some parts of electricity that do not use non-fossil certificates have no value of renewable energy and CO2 zero emission power.
Those are treated as electricity with the national average CO2 emissions of electricity, including thermal power generations, etc.
1 (1) Factors 2 Generated and Received Electricity 〔Consolidated〕
Note1: Some rounding errors may be observed.
Note2: Includes also consolidated subsidiaries Kyushu Electric Power Transmission and Distribution Co., Inc. and Kyuden Mirai Energy Co., Inc..
Intersegment transactions have been eliminated.
Note3: The difference between the total amount of generated and received electricity and the total amount of electricity sales volume is the amount of power lost, etc.
【Consolidated】
1 (1) Factors 3 Others 〔Consolidated〕
Crude Oil CIF Price and Exchange Rate
FY2023 3Q FY2022 3Q Change
Crude Oil CIF Price ($/b) 87 108 -21
Exchange Rate (\/$) 143 136 74FY2023 3Q FY2022 3Q Change % YoY Explanations
Sales (Operating Revenue) 1,583.3 1,567.5 15.8 1.0
Japanese electric power businesses 3.2
Other energy service businesses 11.9*
Other Revenues 21.5 16.6 4.8 29.2
Share of profit of entities accounted
for using the equity method:
Figures are included above
[11.6] [6.9] [4.6] 66.6
Ordinary Revenues 1,604.9 1,584.1 20.7 1.3
Japanese electric power businesses 1.2
Other energy service businesses 15.4*
(Billion of Yen)
Japanese electric power business (Figures are included above)5Sales were 1,583円.3 billion (up 1.0% YoY) and ordinary revenue was 1,604円.9 billion (up 1.3% YoY) mainly due to increases
in revenue from other energy service businesses, while ordinary revenue of Japanese electricity business was at the same
level as the previous year.
Retail
Before factoring in discount
(nationwide measure to mitigate
sharp fluctuations)
1,024.7
[1,181.3]
1,095.1
[1,095.1]
-70.4
[86.2]
Decrease in retail electricity sales volume -37.0
Unit price difference (Effect of fuel cost adjustments, etc.) -33.5*
Wholesale 148.0 195.9 -47.9 Sold power to other suppliers -46.8
Other 258.0 138.4 119.6
Miscellaneous income 112.5
(Subsidies based on the nationwide measures to mitigate sharp
fluctuations 156.5)
[Sales] [1,426.0] [1,422.7] [3.2]
Ordinary Revenues 1,430.8 1,429.6 1.2
1 (2) Ordinary Revenues 〔Consolidated〕
Note: Includes also consolidated subsidiaries Kyushu Electric Power Transmission and Distribution Co., Inc. and Kyuden Mirai Energy Co., Inc..
Intersegment transactions have been eliminated.
* Effect of reaching the upper limit under the fuel cost adjustment system \ -3.0 billion (-20.0 ← -17.0) and the discount from the national government
based on their measures to mitigate sharp fluctuations in electricity and gas rates \ -156.5 billion.
*After eliminations of intersegment transactions
(before adjustment; sales: 32.1 and ordinary revenue: 35.6)
Labor 80.8 86.5 -5.7
Salary -5.6
(Increase of seconded staff: Kyuden T&D Service and Kyuden Next)
Fuel 287.5 507.0 -219.5
CIF and exchange gains difference -134.0
Effect of operating nuclear power stations -134.0 *
Purchased power from other
utilities and other suppliers
235.1 469.6 -234.5 Purchased power from other suppliers -230.9
Maintenance 117.2 104.5 12.7 Thermal 7.4 Distribution 7.4
Depreciation 136.2 122.0 14.1 Nuclear 7.9 Transmission 1.9
Interest 17.2 16.9 0.2
Nuclear back-end 51.9 31.5 20.3 Effect of operating nuclear power stations 23.0 *
Other 289.7 254.5 35.2 Miscellaneous expenses 40.5
Ordinary Expenses 1,215.9 1,592.9 -377.0
FY2023 3Q FY2022 3Q Change % YoY Explanations
Operating Expenses 1,323.3 1,688.0 -364.7 -21.6 Japanese electric power businesses -380.0
Other Expenses 31.0 26.6 4.3 16.5
Ordinary Expenses 1,354.3 1,714.7 -360.3 -21.0 Japanese electric power businesses -377.0
(Billion of Yen)6Note : Includes also consolidated subsidiaries Kyushu Electric Power Transmission and Distribution Co., Inc. and Kyuden Mirai Energy Co., Inc..
Intersegment transactions have been eliminated.
* Effect of operating nuclear power stations (fuel costs + nuclear back-end costs) -111.0
Ordinary expenses were 1,354円.3 billion (down 21.0% YoY) caused by decreases in fuel costs reflecting increased operation
of nuclear power stations, lower fuel prices and decreases in purchased power costs caused by lower prices on the wholesale
electricity market.
1 (3) Ordinary Expenses 〔Consolidated〕
Japanese electric power business (Figures are included above)
FY2023 3Q FY2022 3Q Change % YoY
Ordinary Loss/Income 250.5 -130.5 381.1 -
Provision for Reserve for Fluctuation
in Water Levels
-0.3 -0.3 0.0 -17.7
Extraordinary Income - 11.2 -11.2 -
Extraordinary Loss - 2.7 -2.7 -
Loss/Income Before Income Taxes 250.8 -121.6 372.5 -
Income Taxes 62.9 -33.2 96.1 -
Net Income Attributable to Non-controlling
Interests
0.8 1.0 -0.1 -13.8
Net Loss/Income Attributable to Owners
of the Parent
187.0 -89.4 276.4 -
(Billion of Yen)71 (4) Ordinary Loss/Income and Net Loss/Income Attributable to Owners of the Parent
〔Consolidated〕
FY2023 3Q resulted in ordinary loss/income of 250円.5 billion and net loss/income attributable to owners of the parent of
187円.0 billion, a significant improvement.8-130.5
250.5
(+381.1)
+67.0
+110.0
+164.0
( Reference ) Factors Affecting Consolidated Ordinary Loss/Income
(Compared with FY2022 3Q)
Japanese electric power business [378.2]
Consolidated
Ordinary
Loss/Income
(FY2022 3Q)
Effect of operating
nuclear power
stations
Consolidated ordinary
Loss/Income
excluding
the effect of time lag
around -21.5
Effect of the time
lag of fuel cost
adjustments
(-109.0→+55.0)
Effect of lower
wholesale
electricity trading
prices
Others
Consolidated
Ordinary Loss/Income
(FY2023 3Q)
Consolidated ordinary
Loss/Income
excluding
the effect of time lag
around 195.5
(Billion of Yen)
+36.2+2.9Others
·A part of variance between the standard fuel price and the actual fuel price in the second half of FY2022 appears as increased revenue
from retail sales in FY2023 3Q [around 106円.0 billion]
·A part of variance between the standard fuel price and the actual fuel price of FY2023 3Q is carried over to FY2023 4Q onward, not
reflected in FY2023 3Q as increased revenue from retail sales [around 51円.0 billion]
The above time lags of fuel cost adjustments pushed up FY2023 3Q profit [around 55円.0 billion] (around 164円.0 billion YoY)9( Reference ) Estimate of the effect of time lag of fuel cost adjustments
〔Non-consolidated〕
1 (5) Segment Information 〔Consolidated〕
FY2023 3Q FY2022 3Q Change
Energy
services
businesses
Japanese
electric
power
businesses
Power and Electricity
Sales
Sales 1,356.1 1,362.6 -6.5
Ordinary Loss/Income 169.9 -186.6 356.6
Transmission and
Distribution businesses
Sales 513.1 520.8 -7.6
Ordinary Income 44.9 23.3 21.6
Inter-segment
transactions eliminated
Sales -443.2 -460.7 17.5
Ordinary Loss/Income - - -
Subtotal
Sales 1,426.0 1,422.7 3.2
Ordinary Loss/Income 214.8 -163.3 378.2
Overseas businesses
Sales 4.2 4.9 -0.7
Ordinary Income 7.5 7.1 0.3
Other energy services businesses
Sales 206.4 174.2 32.1
Ordinary Income 22.3 20.2 2.0
ICT services businesses
Sales 87.2 80.2 6.9
Ordinary Income 2.8 2.5 0.2
Urban development businesses
Sales 16.2 17.4 -1.1
Ordinary Income 2.6 2.0 0.5
Others
Sales 6.8 6.6 0.2
Ordinary Income 0.4 0.5 -0.1
Inter-segment transactions eliminated
Sales -163.6 -138.7 -24.8
Ordinary Loss/Income -0.1 0.2 -0.3
Total
Sales 1,583.3 1,567.5 15.8
Ordinary Loss/Income 250.5 -130.5 381.1
(Billion of Yen)10[1,417.5]
[4.9]
[72.0]
[61.0]
Note 1: The above amounts represent figures prior to elimination of transactions among segments.
Note 2: Figures in [ ] represent sales excluding transactions among group companies.
Note 3: Overseas fuel projects are included in "Other energy services businesses."
[1,249.0]
[171.2]
[1,230.8]
[186.6]
[8.9]
[2.9]
[4.2]
[1,420.3]
[83.9]
[63.9]
[7.9]
[2.9]
[18.2]
[-15.4]
[2.8]
[-0.7]
[11.9]
[2.8]
[-0.9][-]FY2023 3Q FY2022 3Q Change % YoY
Ordinary Revenues
[ Sales : Figures are included above ]
1,367.1
[1,356.1]
1,374.9
[1,362.6]-7.8[-6.5]-0.6[-0.5]
Ordinary Expenses 1,197.1 1,561.6 -364.4 -23.3
Ordinary Loss/ Income 169.9 -186.6 356.6 -
Sales : 1,356.1 billion of yen (down 0.5% YoY)
Ordinary Loss/Income : 169.9 billion of yen
(Billion of Yen)
Power generation and retail business in Japan, etc.
[Power and Electricity Sales Businesses ]
Sales were 1,356円.1 billion, same level as the previous year, because of a decrease in wholesale sales despite increases
in retail sales.
Ordinary income was 169円.9 billion
- a positive turn in the effect of the time lag of the fuel cost adjustment system, caused by lower fuel prices.
Previous year it had a negative impact, whereas this year it resulted in a gain
- decreases in fuel costs, reflecting increased operation of nuclear power stations
- decreases in purchased power costs caused by lower prices on the wholesale electricity market111 (5) ➀ Power and Electricity Sales Businesses
1 (5) 2 Transmission and Distribution Businesses
FY2023 3Q FY2022 3Q Change % YoY
Ordinary Revenues
[ Sales : Figures are included above ]
514.5
[513.1]
522.4
[520.8]-7.8[-7.6]-1.5[-1.5]
Ordinary Expenses 469.6 499.1 -29.4 -5.9
Ordinary Income 44.9 23.3 21.6 92.8
(Billion of Yen)
Transmission and Distribution business within the Kyushu area, etc.
[Transmission and Distribution Businesses]
Sales were 513円.1 billion (down 1.5% YoY), affected by a decrease in wholesale sales along with renewable energy
purchases, mainly due to lower wholesale electricity market prices.
Ordinary income was 44円.9 billion (up 92.8% YoY).
This is caused by decreases in purchase amount from renewable energy and procurement costs from the supply-
demand adjustment market.12Sales : 513.1 billion of yen (down 1.5% YoY)
Ordinary Income : 44.9 billion of yen (up 92.8% YoY)13FY2023 3Q FY2022 3Q Change % YoY
Ordinary Revenues
[ Sales : Figures are included above ]14.1[4.2]12.5[4.9]1.6[-0.7]13.0[-14.5]
Ordinary Expenses 6.6 5.3 1.2 23.0
Ordinary Income 7.5 7.1 0.3 5.5
Share of profit of entities accounted
for using the equity method:
Figures are included above
[7.2] [3.6] [3.6] [99.0]
(Billion of Yen)
Sales : 4.2 billion of yen (down 14.5% YoY)
Ordinary Income : 7.5 billion of yen (up 5.5% YoY)
Sales were 4円.2 billion (up 14.5% YoY) due to decreases in income from development fees related to investment
projects.
Ordinary income was 7円.5 billion (up 5.5% YoY) driven by increases in share of profit of entities accounted for using the
equity method.
1 (5) 3 Overseas Businesses
Overseas Power generation business, Transmission and Distribution businesses, etc.
[Overseas Businesses]
1 (5) 4 Other Energy Services Businesses
Sales : 206.4 billion of yen (up 18.4% YoY)
Ordinary Income : 22.3 billion of yen (up 10.3% YoY)
(Billion of Yen)
Sales were 206円.4 billion (up 18.4% YoY) driven by coal sales, a new business started by a consolidated subsidiary as well
by increases in power plant repair works.
Ordinary income was 22円.3 billion (up 10.3% YoY) due to increases in gas sales.14Stable energy supply business as construction and maintenance of electrical equipment, Sales of natural gas and LNG
business, Sales of coal business, Renewable energy business, etc.
[Other Energy Services Businesses]
FY2023 3Q FY2022 3Q Change % YoY
Ordinary Revenues
[ Sales : Figures are included above ]
212.5
[206.4]
176.9
[174.2]35.6[32.1]20.1[18.4]
Ordinary Expenses 190.1 156.6 33.5 21.4
Ordinary Income 22.3 20.2 2.0 10.3
Share of profit of entities accounted
for using the equity method:
Figures are included above
[4.5] [3.6] [0.8] [22.2]
1 (5) 5 ICT Services Businesses
Sales : 87.2 billion of yen (up 8.7% YoY)
Ordinary Income : 2.8 billion of yen (up 11.7% YoY)
(Billion of Yen)
Data communications business, Optical broadband service business, Telecommunications construction and maintenance
business, Developments for information system business, Data centers business, etc.
[ICT Services Businesses]
Sales were 87円.2 billion (up 8.7% YoY) driven by increases in solution service revenues in the data communication
business as well by increases in contracted information system development.
Ordinary income was 2円.8 billion, same level as the previous year, due to increases in costs associated with information
system development sales.15FY2023 3Q FY2022 3Q Change % YoY
Ordinary Revenues
[ Sales : Figures are included above ]87.6[87.2]80.4[80.2]7.2[6.9]9.0[8.7]
Ordinary Expenses 84.8 77.9 6.9 8.9
Ordinary Income 2.8 2.5 0.2 11.7
Share of profit/loss of entities
accounted for using the equity
method:
Figures are included above
[-0.17] [-0.12] [-0.04] [-]
1 (5) 6 Urban Development Businesses
Sales : 16.2 billion of yen ( down 6.4% YoY)
Ordinary Income : 2.6 billion of yen ( up 27.0% YoY)
Urban development business, Real estate business, Social infrastructure business, etc.
[Urban Development Businesses]
Sales were 16円.2 billion (down 6.4% YoY) due to decreases in sales of all-electric condominiums.
Ordinary income was 2円.6 billion (up 27.0% YoY) driven by increases in share of profit of entities accounted for using the
equity method.16(Billion of Yen)
FY2023 3Q FY2022 3Q Change % YoY
Ordinary Revenues
[ Sales : Figures are included above ]17.4[16.2]17.6[17.4]-0.2[-1.1]-1.3[-6.4]
Ordinary Expenses 14.8 15.6 -0.7 -5.1
Ordinary Income 2.6 2.0 0.5 27.0
Share of profit/loss of entities
accounted for using the equity
method:
Figures are included above
[0.16] [-0.01] [0.17] [-]
Dec.31, 2023 Mar.31, 2023 Change
Assets 5,711.9 5,603.6 108.2
Liabilities 4,781.1 4,986.4 -205.2
Interest-bearing Debt:
Figures are included above
[3,845.3] [3,991.5] [-146.1]
Equity 930.7 617.2 313.5
Equity Ratio (%) 15.7 10.4 5.3
(Billion of Yen)
2 Financial Status for FY2023 3Q〔Consolidated〕
Assets were 5,711円.9 billion (an increase of 108円.2 billion from the end of FY2022) due to an increase in fixed assets by
capital investment and an increase in current assets such as cash and deposits.
Liabilities were 4,781円.1 billion (a decrease of \-205.2 billion from the end of FY2022) due primarily to a reduction in
interest-bearing debt and a decrease in other current liabilities such as unpaid construction expenses.
Equity was 930円.7 billion (an increase of 313円.5 billion from the end of FY2022) due primarily to the issuance of Class B
preferred shares, the cancellation of Class A preferred shares, and net income attributable to owners of the parent.
As a result, equity ratio increased by 5.3 points to 15.7% compared with the end of FY2022.17Compared with the previous forecasts (October)
Sales (No change)
Ordinary income (Increase)
Net income (Increase)
Consolidated Sales :2,150.0 billion of yen ( No change)
Consolidated Ordinary income : 200.0 billion of yen ( Increase by 30.0 billion )
Consolidated Net income : 150.0 billion of yen ( Increase by 20.0 billion )
In terms of the Forecasts of Financial Results for FY2023, there is a change to the previous forecasts in light of the latest
supply-demand trends.
Sales are expected to be approximately 2,150円 billion, with no changes from the previous forecasts.
Ordinary income is expected to be approximately 200円 billion, exceeding the previous forecast. The increase in ordinary
income is caused by the following factors: the decrease in purchased power costs caused by lower power prices on the
wholesale electricity market, as well as the expansion of the profit on the time lag of fuel cost adjustments.
Net income attributable to owners of the parent is expected to be approximately 150円 billion, exceeding the previous
forecast.183 Financial Forecasts for FY2023193 Financial Forecasts for FY2023
This announcement
Previous
announcement(Oct.)
Change % YoY
Sales 2,150.0 2,150.0 - -
Operating Income 220.0 190.0 30.0 15.8
Ordinary Income 200.0 170.0 30.0 17.6
Net Income attributable to
owners of the parent
150.0 130.0 20.0 15.4
This announcement
Previous
announcement(Oct.)
Change
Retail (billion kWh) 73.9 74.2 -0.3
Wholesale (billion kWh) 17.3 16.5 0.8
Total Volume (billion kWh) 91.2 90.7 0.5
Crude Oil CIF Price ($/b) 86 89 -3
Exchange Rate (\/$) 144 145 -1
Nuclear
transmission-end figure (billion kWh)
[Utilization rate (%)]31.7[90.7]31.7[90.7]-[-]
(Billion of Yen)
(Reference) Key Factors
Note: Electricity sales volume includes also consolidated subsidiaries Kyushu Electric Power Transmission and Distribution Co., Inc.
and Kyuden Mirai Energy Co., Inc.
Intersegment transactions have been eliminated.
(Billion of Yen)
200.0+6.0Others
+30.0
170.0
+13.0+7.020
( Reference ) Factors Affecting Consolidated Ordinary Income (Compared with the October forecast)
Consolidated Ordinary Income
(Announced on October,2023)
Consolidated ordinary income
excluding effect of time lag
around 121.0
Effect of time lag of
fuel cost adjustments
(+49.0→+62.0)
Effect of lower
wholesale
electricity trading
prices
Consolidated Ordinary Income
(FY2023 Review)
Consolidated ordinary income
excluding effect of time lag
around 138.0
Decrease in
Nuclear
back-end
costs+4.04 Forecasts of Dividends for FY2023 21
Regarding forecasts of dividends for FY2023, based on a comprehensive analysis of financial forecasts for FY2023 and
medium to long-term balance situation and financial and other factors, we plan to pay the dividend of 25円 per common
share, an increase of 5円 from previous forecast.
As for Class B preferred shares, there is no change from the previous forecast, and we plan to pay dividend of 1,933,333
yen per share.
Appendix
FY2023 3Q FY2022 3Q Change % YoY
1,024.7 1,095.1 -70.4 -6.4
(Billion of Yen)
FY2023 3Q FY2022 3Q Change % YoY
148.0 195.9 -47.9 -24.5
Retail sales Wholesale sales
(Billion of Yen)222. Decrease in retail electricity sales volume -37.0
1. Sold power to other suppliers -46.8
Revenues from Retail sales and Wholesale sales
〔Japanese electric power businesses〕
1. Unit price difference
(Effect of fuel cost adjustments, etc.) -33.5
Change Change23Others
FY2023 3Q FY2022 3Q Change % YoY
258.0 138.4 119.6 86.4
(Billion of Yen)
Revenues from Others〔Japanese electric power businesses〕
1.Miscellaneous income 112.5
(Subsidies based on the nationwide measures to mitigate sharp fluctuations* 156.5)
Change
* Discount amount based on measures to mitigate sharp fluctuations in electricity
and gas rates(governmental decision in October 2022 )
(Billion kWh)
Retail
FY2023 3Q FY2022 3Q Change % YoY
54.1 56.4 -2.3 -4.1
Wholesale
FY2023 3Q FY2022 3Q Change % YoY
12.4 14.4 -2.0 -14.1
【Reference】Electricity sales volume
(Billion kWh)
1. Purchased power from other suppliers -230.924FY2023 3Q FY2022 3Q Change % YoY
287.5 507.0 -219.5 -43.3
1. CIF and exchange gains difference -134.0
2. Effect of operating nuclear power stations -134.0
Fuel Purchased power
FY2023 3Q FY2022 3Q Change % YoY
235.1 469.6 -234.5 -49.9
(Billion of Yen) (Billion of Yen)
Expenses for Fuel and Purchased power〔Japanese electric power businesses〕
FY2023 3Q FY2022 3Q Change
Coal($/t) 212 359 -147
LNG($/t) 632 945 -313
Crude oil($/b) 87 108 -21
【Reference1】 All Japan CIF prices
【Reference2】 Fuel consumption
FY2023 3Q FY2022 3Q Change
Coal (ten thousand ton) 399 565 -166
LNG (ten thousand ton) 111 165 -54
Heavy oil (ten thousand kiloliter) 1.0 0.5 0.5
Change Change25FY2023 3Q FY2022 3Q Change % YoY
117.2 104.5 12.7 12.2
FY2023 3Q FY2022 3Q Change % YoY
136.2 122.0 14.1 11.6
Maintenance Depreciation
(Billion of Yen) (Billion of Yen)
Expenses for Maintenance and Depreciation 〔Japanese electric power businesses〕
1. Thermal 7.4
Change
1. Nuclear 7.9
Change
2. Transmission 1.9
2. Distribution 7.4
(Billion of Yen)
Others
Labor26(Billion of Yen)
FY2023 3Q FY2022 3Q Change % YoY
80.8 86.5 -5.7 -6.6
FY2023 3Q FY2022 3Q Change % YoY
358.9 303.0 55.8 18.4
1. Miscellaneous expenses 40.5
Expenses for Labor and Others 〔Japanese electric power businesses〕
Change Change
1. Salary * -5.6
* Increase of seconded staff: Kyuden T&D Service and Kyuden Next 2. Nuclear back-end 20.327Forecasts of Financial Results for FY2023
Effect of Fluctuations related to Key factors
Key factors
Effect of fluctuations*
FY2023
(Reference)
FY2023 4Q
Crude Oil CIF Price ($/b) 86 85
(Low crude oil price per 1$/b)
Almost no impact
Exchange Rate (\/$) 144 145
(Appreciation of the yen per 1\/$)
Around +0.7 billion of yen
Nuclear
transmission-end figure (billion kWh)
[Utilization rate (%)]31.7[90.7]7.9[91.3]
(Per +1%)
Around +1.0 billion of yen
* The impact on profit/loss in case Key Factors in the FY2023 4Q fluctuate.
For more information, please contact:
Investor Relations Group
Corporate Strategy Division
KYUSHU ELECTRIC POWER CO.,INC.
TEL : +81 92 726 1575
URL :https://www.kyuden.co.jp/english_ir_index.html