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
The 3rd Quarter of FY2022
(IR material for investors)
January 31, 2023
Table of Contents1Sales (Increase), Ordinary Loss (Deficit)
Consolidated Sales : 1,567.5 billion of yen(Increase by 31.0% Compared with FY2021 3Q)
Consolidated Ordinary Loss : - 130.5 billion of yen
1 Financial Results for FY 2022 3Q〔Consolidated〕
Note: Consolidated subsidiaries: 51 companies (3 companies have been added)
Equity method companies: 46 companies (1 company has been added)
*1Gains on sales of investment securities *2 Provision for loss on the Antimonopoly Act *3 Loss on return of electric imbalance charge
Regarding the financial results for FY 2022 3Q, they amounted to a loss due to the time lag loss stemming from the fuel cost
adjustment system expanded compared with FY2021 3Q due to rising fuel prices. In addition to this loss, there was an
increase in purchased power costs due to higher prices on the wholesale electricity market and higher fuel costs because of
a decrease in operating nuclear power stations.
FY2022 3Q FY2021 3Q DifferenceRateof Change
Ordinary Revenues 1,584.1 1,208.1 376.0 31.1
(Sales) [Figures are included above] (1,567.5) (1,196.7) (370.7) (31.0)
Ordinary Expenses 1,714.7 1,148.8 565.9 49.3
(Operating Loss/ Income) (-120.5) (74.4) (-195.0) (-)
Ordinary Loss/ Income -130.5 59.3 -189.8 -
Extraordinary Income 11.2 ― 11.2 ―
Extraordinary Loss 2.7 3.9 -1.2 -30.6
Net Loss/ Income attributable to
owners of the parent
-89.4 35.9 -125.3 -
(Billion of Yen,%)*1*2 *3
(Billion kWh,%)21 (1) Factors ➀ Electricity Sales Volume 〔Consolidated〕
【Consolidated electricity sales volume】
Note1: Some rounding errors may be observed.
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).
Retail electricity sales volume decreased by 2.4% to 56.4 billion kWh compared with FY2021 3Q due to a decrease in
contracted electricity outside the Kyushu area , despite an increase in the electricity contract power inside of the Kyushu
area.
Wholesale electricity sales volume increased by 10.2% to 14.4 billion kWh compared with FY2021 3Q .
As a result, the total amount of electricity sales volume reached 70.8 billion kWh, which is at a similar level as FY2021 3Q.
FY2022 3Q FY2021 3Q DifferenceRateof Change
Retail 56.4 57.8 -1.4 -2.4
Lighting 16.4 16.8 -0.4 -2.5
Power 40.0 41.0 -1.0 -2.4
Wholesale 14.4 13.1 1.3 10.2
Total 70.8 70.8 ― -0.131 (1) Factors 2 Generated and Received Electricity 〔Consolidated〕
(Billion kWh,%)
【Consolidated】
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 area supply and demand, 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.
(Reference) Ratio of Generated and Received Electricity (%)
Note1: Some rounding errors may be observed.
Note2: Represents our company and consolidated subsidiaries (Kyushu Electric Power Transmission and Distribution Co., Inc. and Kyuden Mirai Energy Co., Inc.)
(Internal 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.
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.
FY2022 3Q FY2021 3Q DifferenceRateof Change
Own facilities *1
Hydro 3.6 3.8 -0.2 -5.7
(Water flow rate) (89.4) (93.1) (-3.7)
Thermal 27.3 16.8 10.5 62.4
Nuclear 13.2 25.7 -12.5 -48.5
(Utilization rate) (50.5) (98.0) (-47.5)
New Energy, etc. 1.0 1.0 ― 2.8
Subtotal 45.1 47.3 -2.2 -4.6
Interchange・Received Electricity from Other
companies *2
32.1 30.5 1.6 5.1
(Hydro) [ Figures are included above ] (1.3) (1.1) (0.2) (14.3)
(New Energy etc.) [ Figures are included above ] (15.3) (13.5) (1.8) (13.8)
For water pumping, etc. -1.8 -1.8 ― -2.4
T o t a l 75.4 76.0 -0.6 -0.8
FY2022 3Q FY2021 3Q Difference
Nuclear Power 17.6 33.8 -16.2
Renewable Energy * 26.7 23.9 2.8
*1 Own facilities’ generation means transmission–end number.
*2 "Interchange & other companies’’ includes the volume of electricity recognized as of the end of FY2022 3Q
* "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.
1 (1) Factors 3 Others 〔Consolidated〕
Crude Oil CIF Price and Exchange Rate
FY2022 3Q FY2021 3Q Difference
Crude Oil CIF Price 108$/b 74$/b 34$/b
Exchange Rate 136\/$ 111\/$ 25\/$4FY2022 3Q FY2021 3Q DifferenceRateof Change
Explanations
Sales (Operating Revenues) 1,567.5 1,196.7 370.7 31.0 Japanese electric power businesses 342.8
Other Revenues 16.6 11.3 5.3 47.1
(Share of profit of entities accounted
for using the equity method)
[Figures are included above]
(6.9) (3.7) (3.2) 85.8
Ordinary Revenues 1,584.1 1,208.1 376.0 31.1 Japanese electric power businesses 344.4
(Billion of Yen,%)
1 (2) Ordinary Revenues 〔Consolidated〕
〔Japanese electric power businesses〕 [Figures are included above]5Note : 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.) (Internal transactions have been eliminated).
* Taking into account effect of reaching the upper limit under the fuel cost adjustment system \-17.0 billion
In Japanese electric power businesses, sales increased by 31.0% to 1,567円.5 billion and ordinary revenues increased by
31.1% to 1,584円.1 billion compared with FY2021 3Q due to an increase in revenues from retail sales because of the effects of
fuel cost adjustments in response to rising fuel prices, and an increase in revenues from wholesale sales.
Retail 1,095.1 865.0 230.1
Unit price difference (Effect of fuel cost adjustments, etc.) 252.0 *
Decrease in retail electricity sales volume -22.0
Wholesale 195.9 122.9 73.0 Sold power to other suppliers 66.5
Other 138.4 97.1 41.2
Miscellaneous income 31.3
Wheeling revenues 7.7
(Sales) (1,422.7) (1,079.9) (342.8)
Ordinary Revenues 1,429.6 1,085.2 344.4
Labor 86.5 95.8 -9.2
Salary -7.9(Increase of assigned employee:
Kyuden T&D Service and Kyuden Next)
Fuel 507.0 157.6 349.4
CIF and exchange gains difference 257.0
Effect of operating nuclear power stations 85.0 *
Purchased power from other
utilities and other suppliers
469.6 260.4 209.2 Purchased power from other suppliers 199.7
Maintenance 104.5 91.6 12.8 Nuclear 16.4 Distribution 2.6 Thermal -7.5
Depreciation 122.0 120.6 1.3
Interest 16.9 16.5 0.4
Nuclear back-end 31.5 56.5 -25.0 Effect of operating nuclear power stations -26.0 *
Other 254.5 244.0 10.5 Overhead expenses 12.3
Ordinary Expenses 1,592.9 1,043.3 549.6
FY2022 3Q FY2021 3Q DifferenceRateof Change
Explanations
Operating Expenses 1,688.0 1,122.3 565.7 50.4 Japanese electric power businesses 549.4
Other Expenses 26.6 26.4 0.1 0.5
Ordinary Expenses 1,714.7 1,148.8 565.9 49.3 Japanese electric power businesses 549.6
(Billion of Yen,%)
1 (3) Ordinary Expenses 〔Consolidated〕
〔Japanese electric power businesses〕 [Figures are included above]6Note : 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.) (Internal transactions have been eliminated).
* Effect of operating nuclear power stations (fuel costs + nuclear back-end costs) 59.0
In Japanese electric power businesses, ordinary expenses increased by 49.3% to 1,714円.7 billion due to an increase in fuel
costs in response to rising fuel prices and a decrease in operating nuclear power stations, as well as an increase in
purchased power costs because of higher prices on the wholesale electricity market.
FY2022 3Q FY2021 3Q DifferenceRateof Change
Ordinary Loss/Income -130.5 59.3 -189.8 -
Provision for Reserve for Fluctuation
in Water Levels
-0.3 -0.2 -0.1 70.7
Extraordinary Income 11.2 ― 11.2 ―
Extraordinary Loss 2.7 3.9 -1.2 -30.6
Loss/Income Before Income Taxes -121.6 55.5 177.2 -
Income Taxes -33.2 18.5 -51.7 -
Net Income Attributable to Non-controlling
Interests
1.0 1.1 -0.1 -9.0
Net Loss/Income Attributable to Owners
of the Parent
-89.4 35.9 -125.3 -
(Billion of Yen,%)
1 (4) Ordinary Loss/Income and Net Loss/Income Attributable to Owners of the Parent
〔Consolidated〕
As a result, for FY2022 3Q ordinary loss amounted to 130円.5 billion, and net loss attributable to owners of the parent
amounted to 89円.4 billion due to gains on sales of investment securities which is recorded as extraordinary income, and
provision for loss on the Antimonopoly Act which is recorded as extraordinary loss.7* Provision for loss on the Antimonopoly Act 2.7
On December 1,2022,we received a written notice of the hearing of opinions on expected contents of surcharge payment order based on the Antimonopoly Act about supply of extra-high voltage
power and high voltage power inside Kyusyu area and Kansai area from the Japan Fair Trade Commission. Therefore we recorded notified amount as extraordinary loss.*859.3-130.5
-72.0
-58.0
-189.8
+16.2
-59.0
-17.0
(Billion of Yen)
( Reference ) Factors Affecting Consolidated Ordinary Loss/Income
(Compared with FY2021 3Q)
Consolidated ordinary
Loss/Income excluding
the effect of time lag
around 110.3
Effect of the time
lag of fuel cost
adjustments
(-51.0→-109.0)
Effect of higher
wholesale
electricity trading
prices
Effect of
operating
nuclear power
stations
Others
Effect of reaching
the upper limit
under the fuel
cost adjustment
system
Consolidated
Ordinary
Loss/Income
(FY2021 3Q)
Consolidated
Ordinary Loss/Income
(FY2022 3Q)
Consolidated ordinary
Loss/Income excluding
the effect of time lag
around -21.5
(Reference) Estimate of the effect of time lag of fuel cost adjustments
〔Non-consolidated〕
·A part of the difference between the standard fuel price and the fuel price in the second half of FY2021 is reflected in the increase of
revenues from retail sales for FY2022 3Q [around 42円.0 billion]
·A part of the difference between the standard fuel price and the fuel price for FY2022 3Q will not be reflected in the increase of
revenues from retail sales for FY2022 3Q but will be carried over beyond FY2022 4Q[around 151円.0 billion]
As a result of the time lag of fuel cost adjustments, revenues deteriorated [around \-109.0 billion]
(Compared with FY2021 3Q: around \-58.0 billion)9FY2022 3Q FY2021 3Q Difference
Energy
services
businesses
Japanese
electric
power
businesses
Power and Electricity
Sales
Sales 1,362.6 1,045.5 317.1
Ordinary Loss/Income -186.6 23.7 -210.4
Transmission and
Distribution businesses
Sales 520.8 416.0 104.7
Ordinary Income 23.3 17.6 5.6
Inter-segment
transactions eliminated
Sales -460.7 -381.6 -79.0
Ordinary Loss/Income - 0.4 -0.4
Subtotal
Sales 1,422.7 1,079.9 342.8
Ordinary Loss/Income -163.3 41.8 -205.2
Overseas businesses
Sales 4.9 3.4 1.5
Ordinary Income/Loss 7.1 1.3 5.7
Other energy services businesses
Sales 174.2 126.9 47.2
Ordinary Income 20.2 10.5 9.7
ICT services businesses
Sales 80.2 75.9 4.3
Ordinary Income 2.5 4.0 -1.5
Urban development businesses
Sales 17.4 15.3 2.0
Ordinary Income 2.0 1.6 0.4
Others
Sales 6.6 6.7 -0.1
Ordinary Income 0.5 0.8 -0.3
Inter-segment transactions eliminated
Sales -138.7 -111.5 -27.1
Ordinary Loss/Income 0.2 -1.0 1.3
Total
Sales 1,567.5 1,196.7 370.7
Ordinary Loss/Income -130.5 59.3 -189.810(1,078.2)
(3.4)
(47.8)
(57.3)
(1,230.8)
(186.6)
(957.3)
(120.9)
(6.9)
(2.9)
(4.9)
(1,417.5)
(72.0)
(61.0)
(8.9)
(2.9)
(273.4)
(65.7)
(339.2)
(1.5)
(24.1)
(3.7)
(2.0)(-)1 (5) Segment Information 〔Consolidated〕
(Billion of Yen)
Note1: The above amounts represent figures prior to elimination of transactions among segments. Note2: Figures in ( ) represent sales excluding transactions among group companies.
Note3:In FY2022 1Q, we have changed reportable segments. Note4: Overseas fuel projects are included in "Other energy services businesses."
1 (5) ➀ Power and Electricity Sales Businesses
FY2022 3Q FY2021 3Q DifferenceRateof Change
Sales 1,362.6 1,045.5 317.1 30.3
Ordinary Expenses 1,561.6 1,032.6 528.9 51.2
Ordinary Loss/ Income -186.6 23.7 -210.4 -
Sales : 1,362.6 billion of yen(Increase by 30.3% Compared with FY2021 3Q)
Ordinary Loss : -186.6 billion of yen
(Billion of Yen, %)
Power generation and retail business in Japan, etc.
[Power and Electricity Sales Businesses ]
Sales increased by 30.3% to 1,362円.6 billion compared with FY2021 3Q due to an increase in revenues from retail sales
because of the effects of fuel cost adjustments in response to rising fuel prices, and an increase in revenues from
wholesale sales.
Ordinary loss amounted to 186円.6 billion, because the time lag loss stemming from the fuel cost adjustment system
expanded compared with FY2021 3Q due to rising fuel prices, as well as an increase in purchased power costs due to
higher prices on the wholesale electricity market and higher fuel costs because of a decrease in operating nuclear power
stations.111 (5) 2 Transmission and Distribution Businesses
FY2022 3Q FY2021 3Q DifferenceRateof Change
Sales 520.8 416.0 104.7 25.2
Ordinary Expenses 499.1 400.5 98.5 24.6
Ordinary Income 23.3 17.6 5.6 32.1
Sales : 520.8 billion of yen (Increase by 25.2% Compared with FY2021 3Q)
Ordinary Income : 23.3 billion of yen (Increase by 32.1% Compared with FY2021 3Q)
(Billion of Yen, %)
Transmission and Distribution business inside of the Kyushu area, etc.
[Transmission and Distribution Businesses]
Sales increased by 25.2% to 520円.8 billion compared with FY2021 3Q due to higher revenues from wholesale sales as
there was an increase in wholesale sales volume along with an increase in purchase from renewable energy sources, and
an increase in consignment revenues related to electric imbalance revenues.
Ordinary income increased by 32.1% to 23円.3 billion compared with FY2021 3Q due to an increase in sales despite
higher purchased power costs because of an increase in purchase costs from renewable energy sources and costs
related to electric imbalance charges.1213
1 (5) 3 Overseas Businesses
Overseas Power generation business, Transmission and Distribution businesses, etc.
[Overseas Businesses]
FY2022 3Q FY2021 3Q DifferenceRateof Change
Sales 4.9 3.4 1.5 44.0
Ordinary Expenses 5.3 5.4 ― -0.8
Ordinary Income/ Loss 7.1 1.3 5.7 413.1
(Share of profit/loss of entities
accounted
for using the equity method)
[Figures are included above]
(3.6) (2.0) (1.5) (77.2)
(Billion of Yen, %)
Sales : 4.9 billion of yen (Increase by 44.0% Compared with FY2021 3Q)
Ordinary Income : 7.1 billion of yen (Increase by 413.1% Compared with FY2021 3Q)
Sales increased by 44.0% to 4円.9 billion compared with FY2021 3Q due to an increase in revenues from power
transmission business.
Ordinary income increased by 413.1% to 7円.1 billion compared with FY2021 3Q due to an increase of foreign exchange
gains.** Ordinary income amounted to 7円.1 billion due to the record of foreign exchange gains.
1 (5) 4 Other Energy Services Businesses
FY2022 3Q FY2021 3Q DifferenceRateof Change
Sales 174.2 126.9 47.2 37.2
Ordinary Expenses 156.6 119.6 36.9 30.9
Ordinary Income 20.2 10.5 9.7 92.7
(Share of profit of entities accounted
for using the equity method)
[Figures are included above]
(3.6) (1.9) (1.7) (86.9)
Sales : 174.2 billion of yen (Increase by 37.2% Compared with FY2021 3Q)
Ordinary Income : 20.2 billion of yen(Increase by 92.7% Compared with FY2021 3Q)
(Billion of Yen, %)
Stable energy supply business as construction and maintenance of electrical equipment, Sales of natural gas and LNG
business, Renewable energy business, etc.
[Other Energy Services Businesses]
Sales increased by 37.2% to 174円.2 billion compared with FY2021 3Q due to higher natural gas and LNG sales prices as
well as the beginning of commercial operation of biomass power station.
Ordinary income increased by 92.7% to 20円.2 billion compared with FY2021 3Q.141 (5) 5 ICT Services Businesses
FY2022 3Q FY2021 3Q DifferenceRateof Change
Sales 80.2 75.9 4.3 5.7
Ordinary Expenses 77.9 72.2 5.6 7.8
Ordinary Income 2.5 4.0 -1.5 -37.5
(Share of profit/loss of entities
accounted for using the equity method)
[Figures are included above]
(-0.12) (-0.10) (-0.02) (-)
Sales : 80.2 billion of yen (Increase by 5.7% Compared with FY2021 3Q)
Ordinary Income : 2.5 billion of yen (Decrease by 37.5% Compared with FY2021 3Q)
(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 increased by 5.7% to 80円.2 billion compared with FY2021 3Q due to an increase in contracted information system
development.
Ordinary income decreased by 37.5% to 2円.5 billion compared with FY2021 3Q due to an increase in depreciation related
to the equipment of optical broadband service business.151 (5) 6 Urban Development Businesses
FY2022 3Q FY2021 3Q DifferenceRateof Change
Sales 17.4 15.3 2.0 13.2
Ordinary Expenses 15.6 13.7 1.8 13.2
Ordinary Income 2.0 1.6 0.4 24.5
(Share of profit/loss of entities
accounted for using the equity method)
[Figures are included above]
(-0.01) (-0.09) (0.07) (-)
Sales : 17.4 billion of yen ( Increase by 13.2% Compared with FY2021 3Q)
Ordinary Income : 2.0 billion of yen ( Increase by 24.5% Compared with FY2021 3Q)
(Billion of Yen, %)
Urban development business, Real estate business, Social infrastructure business, etc.
[Urban Development Businesses]
Sales increased by 13.2% to 17円.4 billion compared with FY2021 3Q due to the sale of all-electric condominiums.
Ordinary income increased by 24.5% to 2円.0 billion compared with FY2021 3Q.16Dec.31,2022 Mar.31,2022 Difference
Assets 5,649.1 5,342.3 306.7
Liabilities 5,040.7 4,666.0 374.6
(Interest-bearing Debt)
[ Figures are included above ]
(4,079.3) (3,638.0) (441.2)
Equity 608.4 676.3 -67.9
Equity Ratio (%) 10.2 12.1 -1.9
(Billion of Yen)
2 Financial Status for FY 2022 3Q 〔Consolidated〕
Total assets increased by 306円.7 billion to 5,649円.1 billion compared with the end of FY2021 due to an increase in fixed
assets such as deferred tax assets, as well as an increase in other current assets such as inventories assets.
Liabilities increased by 374円.6 billion to 5,040円.7 billion compared with the end of FY2021 due to an increase
in interest-bearing debt.
Equity decreased by 67円.9 billion to 608円.4 billion compared with the end of FY2021 due to the record of net loss
attributable to owners of the parent and the payment of dividends.
As a result, equity ratio decreased by 1.9 points to 10.2% compared with the end of FY2021.17Although we had been undecided about the forecasts of consolidated financial results for FY 2022, we inform the forecasts
with the certain assumptions based on the financial results for the 3rd quarter of FY2022 and the recent situation.
FY2022 FY2021 Difference
Rate of
Change
Sales 2,250.0 1,743.3 506.7 29.1
Operating
Income
-90.0 48.6 -138.6 ―
Ordinary
Income
-100.0 32.3 -132.3 ―
Net Income
attributable to
owners of the parent
-75.0 6.8 -81.8 ―
FY2022 FY2021 Difference
Retail 76.7 billion kWh 79.4 billion kWh -2.7 billion kWh
Wholesale 19.2 billion kWh 17.8 billion kWh 1.4 billion kWh
Total 95.9 billion kWh 97.3 billion kWh -1.4 billion kWh
Crude Oil CIF Price 103$/b 77$/b 26$/b
Exchange Rate 135\/$ 112\/$ 23\/$
Nuclear [ transmission-
end number ]
( Utilization rate )
19.8 billion kWh
(56.9%)
31.9 billion kWh
(91.4%)
-12.1 billion kWh
(-34.5%)183 Forecasts of Financial Results for FY2022
Sales (Increase), Ordinary Loss (Decrease)
Consolidated Sales :2,250.0 billion of yen
Consolidated Ordinary Loss : -100.0 billion of yen
(Billion of Yen, %) (Reference) Key Factors
Note: Electricity sales volume 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).
32.3
-100.0-3.0-70.0
+30.7
-132.3
-55.0
-35.019(Billion of Yen)
Effect of
operating
nuclear power
stations
Effect of higher
wholesale
electricity trading
prices
Effect of reaching
the upper limit
under the fuel
cost adjustment
system
Effect of the time
lag of fuel cost
adjustments
(-69.0→-72.0)
Others
Consolidated ordinary
Loss/Income excluding
the effect of time lag
around 101.3
Consolidated
Ordinary
Loss/Income
(FY2021 Result)
Consolidated
Ordinary Loss/Income
(FY2022 Forecast)
Consolidated ordinary
Loss/Income excluding
the effect of time lag
around -28.0
( Reference ) Factors Affecting Consolidated Ordinary Loss/Income
(Compared with FY2021)
4 Forecasts of Year-end Dividends for FY2022 20
The year-end dividend forecast for FY2022 both common shares and class A preferred shares had not been decided due
to the uncertain outlook for fuel prices as a result of the situation in Russia and Ukraine and recent sudden fluctuations in
exchange rates.
Although we have made every effort possible to maintain stable dividends, we deeply regret to inform you that we will not
be able to pay year-end dividends for both common shares and class A preferred shares based on the financial results
forecast for FY2022 and other factors.
Appendix
Note1: Revision of the reportable segments in FY 2022 is recorded only in the current and previous fiscal years.
Note2: The revised "Accounting Standard for Revenue Recognition" has been applied retrospectively. However, the figures for
FY 2019 are not subject to audit by an audit firm.
FY2022 3Q FY2021 3Q DifferenceRateof change
1,095.1 865.0 230.1 26.6
(Billion of Yen,%)
FY2022 3Q FY2021 3Q DifferenceRateof change
195.9 122.9 73.0 59.4
Retail sales Wholesale sales
(Billion of Yen,%)212. Decrease in retail electricity sales volume -22.0
1. Sold power to other suppliers 66.5
Revenues from Retail sales and Wholesale sales
〔Japanese electric power businesses〕
1. Unit price difference
(Effect of fuel cost adjustments, etc.) 252.0
Difference Difference22Others
FY2022 3Q FY2021 3Q DifferenceRateof change
138.4 97.1 41.2 42.4
(Billion of Yen,%)
2. Wheeling revenue 7.7
Revenues from Others〔Japanese electric power businesses〕
Difference
1. Miscellaneous income 31.3
1. Purchased power from other suppliers 199.723FY2022 3Q FY2021 3Q DifferenceRateof change
507.0 157.6 349.4 221.6
1. CIF and exchange gains difference 257.0
2. Effect of operating nuclear power stations 85.0
Fuel Purchased power
FY2022 3Q FY2021 3Q DifferenceRateof change
469.6 260.4 209.2 80.3
(Billion of Yen,%) (Billion of Yen,%)
Expenses for Fuel and Purchased power〔Japanese electric power businesses〕
Difference Difference
FY2022 3Q FY2021 3Q Difference
Coal($/t) 356 146 210
LNG($/t) 941 564 377
Crude oil($/b) 108 74 34
【Reference1】 All Japan CIF prices
【Reference2】 Fuel consumption
FY2022 3Q FY2021 3Q Difference
Coal (ten thousand ton) 565 332 233
LNG (ten thousand ton) 165 109 57
Heavy oil (ten thousand kiloliter) 1 1 -24FY2022 3Q FY2021 3Q DifferenceRateof Change
104.5 91.6 12.8 14.0
FY2022 3Q FY2021 3Q DifferenceRateof Change
122.0 120.6 1.3 1.2
Maintenance Depreciation
(Billion of Yen,%) (Billion of Yen,%)
Expenses for Maintenance and Depreciation 〔Japanese electric power businesses〕
Note : In FY2020,we have changed to the straight-line method.
1. Nuclear 16.4
Difference
2. Distribution 2.6
3. Thermal - 7.5
(Billion of Yen,%)
Others
Labor25(Billion of Yen,%)
FY2022 3Q FY2021 3Q DifferenceRateof Change
86.5 95.8 -9.2 -9.6
FY2022 3Q FY2021 3Q DifferenceRateof Change
303.0 317.1 -14.0 -4.4
1. Nuclear back-end 25.0
Expenses for Labor and Others 〔Japanese electric power businesses〕
Difference
1. Salary * -7.9
Difference
2. Overhead expenses 12.3
* Increase of assigned employee:Kyuden T&D Service and Kyuden Next26Forecasts of Financial Results for FY2022
Impact of Fluctuations related to Key factor〔Consolidated〕
FY2022
Impact of fluctuations*
( Fuel costs ,etc. )
Crude Oil CIF Price 103$/b (Per 1$/b) ―
Exchange Rate 135\/$ (Per 1\/$) Around 1.0 billion of yen
Nuclear
[ transmission-end number ]
( Utilization rate )
19.8 billion kWh
(56.9%)
(Per 1%) Around 1.5 billion of yen
* These figures represent financial impact for fuel costs, etc. in case Key Factors fluctuate after January.
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