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 1st Quarter of FY2021
(IR materials for investors)
July 30, 2021
Table of Contents
1.Financial Results for FY2021 1Q〔Consolidated〕 P1
(Reference)About application of "Accounting Standard for Revenue Recognition", etc. P2
(1) Factor ➀ Electricity Sales Volume P3
2 Generated and Received Electricity P4
3 Others P5
(2) Ordinary Revenues P6
(3) Ordinary Expenses P7
(4) Ordinary Income/Net Income Attributable to Owners of the Parent P8
(Reference)Factors Affecting Consolidated Ordinary Income P9
(Reference)Estimate of the effect of time lag of fuel cost adjustments 〔Non-consolidated〕 P10
(5) Segment Information P11
1 Power and Retail Businesses P12
2 Transmission and Distribution Businesses P13
3 Other Energy Services Businesses P14
4 ICT Services Businesses P15
5 Other Businesses P16
2.Financial Status for FY2021 1Q〔Consolidated〕 P17
3.Forecasts of Financial Results for FY2021 〔Consolidated〕 P18
4.Forecasts of Dividends for FY2021 P19
■しかく(Reference) Data〔Japanese electric power businesses〕P20P21P22■しかくFinancial Results for FY2021 1Q
Revenues from Retail sales, Wholesale sales, and Others
Expenses for Fuel and Purchased power
Expenses for Maintenance, Depreciation, and Others
(1.21 )
FY2021 1Q
Consolidated Ratio
(Billion of Yen,%)
Note: Consolidated subsidiaries: 48 companies ( 2 company has been added)
Equity method companies: 40 companies ( No change)1(0.75 )
(0.58 )
FY2021 1Q FY2020 1Q DifferenceRateof Change
Ordinary Revenues 352.7 337.5 15.1 4.5
Sales [Figures are included above]
349.9 334.1 15.8 4.7
Ordinary Expenses 328.6 310.7 17.8 5.7
(Operating Income) (30.4) (31.1) (-0.7) (-2.3)
Ordinary Income 24.0 26.7 -2.6 -9.9
Net Income attributable to
owners of the parent
15.8 18.3 -2.5 -13.7
Sales (Increase), Ordinary Income (Decrease)
Consolidated Sales : 349.9 billion of yen(Increase by 4.7% Compared with FY2020 1Q )
Consolidated Ordinary Income: 24.0 billion of yen(Decrease by 9.9% Compared with FY2020 1Q )
1 Financial Results for FY 2021 1Q (Consolidated)
Compared to FY2020 1Q, our ordinary income decreased because of the effect of time lag of fuel cost adjustments turned
from profits in the same quarter of the previous year to losses, yet a decrease in fuel costs due to increased operation of
nuclear power plants.2( Reference ) About application of "Accounting Standard for Revenue Recognition", etc.
Handling of the first year of application (FY2021)
・As a general rule, "Accounting Standard for Revenue Recognition",etc. are to be applied retroactively to all past periods in
the first year of application (the revised Electricity Business Accounting Regulations can also be applied retroactively).
From the perspective of comparability of financial statements, Kyushu Electric Power applies retroactively as a general
rule.
Amount of retroactive application impact (FY2020 1Q)
(Billion of Yen)
After retroactive
application
Before retroactive
application
Difference Explanations
Sales 334.1 496.1 -162.0
Renewable Energy Power Promotion
Surcharge -43.7
Grant based on the Act on Purchase of
Renewable Energy Sourced Electricity -117.8
Ordinary Income 26.7 26.7 -
Opening retained earnings 276.0 276.9 -0.9
Amount of retroactive application impact before
FY2019
・We have applied the "Accounting Standard for Revenue Recognition" ,etc. from the beginning of the first quarter starting
April 1st, 2021 (FY2021 1Q).
・Under this new standard, the "Renewable Energy Power Promotion Surcharge" and "Grant based on the Act on Purchase
of Renewable Energy Sourced Electricity ", which are related to the feed-in tariff system for renewable energy, are not
recorded as net sales but are being deducted from corresponding operating expenses. The "Electricity Business Accounting
Regulations" has been revised based on the new revenue recognition standard that was issued.
Note: Since there is no change in the handling of the meter-reading date standard in this revision, Kyushu Electric Power and Kyushu Electric Power Transmission &
Distribution, which preferentially apply the Electricity Business Accounting Regulations, will continue to record revenues based on the meter-reading date standard.
・Comparisons and analyzes with the same quarter of the previous year (FY 2020 1Q) and the end of the previous fiscal
year (end of FY2020) are based on the figures after retroactive application.
Note1: Some rounding errors may be observed.
(Billion kWh,%)31 (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).
FY2021 1Q FY2020 1Q DifferenceRateof Change
Retail
(Kyuden Mirai Energy Co.,Inc.
17.9 17.1 * 0.8 4.8
[Figures are included above]) (1.8) (1.2) (0.6) (46.0)
Lighting 5.2 5.6 -0.4 -6.8
Power 12.7 11.5 1.2 10.5
Wholesale 4.2 2.3 1.9 81.0
Total 22.1 19.4 2.7 13.8
* Impact of the COVID-19 around +0.5 billion kWh (-0.5 ← -1.0)
Retail Electricity Sales volume increased by 4.8% to 17.9 billion kWh compared to FY2020 1Q, despite the lower
temperatures in May and June compared to previous year.
The rise in sales volume was due to two factors: an increase from group-wide sales activities and a reactionary
increase as the previous year showed a decrease in demand caused by COVID-19.
In addition, Wholesale sales volume increased by 81.0% to 4.2 billion kWh.
As a result, the total volume of electricity sold increased by 13.8% to 22.1 billion kWh.
1 (1) Factor 2 Generated and Received Electricity (Consolidated)
FY2021 1Q FY2020 1Q DifferenceRateof Change
Own facilities *1
Hydro 1.5 1.3 0.2 15.5
(Water flow rate) (97.9) (91.4) (6.5)
Thermal 4.4 6.1 -1.7 -28.0
Nuclear 9.0 6.1 2.9 48.0
(Utilization rate) *2 (103.9) (70.3) (33.6)
New Energy etc 0.3 0.3 - 20.3
Subtotal 15.2 13.8 1.4 10.7
Interchange・Received Electricity from Other
companies *3
( Hydro [ Figures are included above] )8.7(0.4)7.3(0.4)1.4(-)20.2(-2.7)
( New Energy etc. [ Figures are included above] ) (4.3) (4.1) (0.2) (7.0)
For pumping etc -0.8 -0.6 -0.2 33.4
T o t a l 23.2 20.4 2.8 13.4
FY2021 1Q FY2020 1Q Difference
Nuclear Power 39.0 29.9 9.1
Renewable Energy * 26.0 27.5 -1.5
【 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,%)(%)4
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 fiscal year.
Note3: 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.
In terms of 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, and water pumping, etc.
In terms of area supply and demand, we were able to deliver electricity in a stable manner through the operation of
regulated power sources and the implementation of renewable energy output control based on the government rules.
Note1: Some electricity (including FIT electricity) that does not use non-fossil certificates has no environmental value.
*2 The utilization rate may exceed 100% due to constant rated heat output operation.
1 (1) Factor 3 Others (Consolidated)
Crude Oil CIF Price and Exchange Rate
FY2021 1Q FY2020 1Q Difference
Crude Oil CIF Price 67$/b 32$/b 35$/b
Exchange Rate 110\/$ 108\/$ 2\/$5FY2021 1Q FY2020 1Q DifferenceRateof Change
Explanations
Operating Revenues (Sales) 349.9 334.1 15.8 4.7 Japanese electric power businesses 15.1
Other Revenues 2.7 3.3 -0.6 -20.1
(Share of profit of entities accounted
for using the equity method)
[Figures are included above]
(0.6) (1.4) (-0.8) -56.6
Ordinary Revenues 352.7 337.5 15.1 4.5 Japanese electric power businesses 16.0
(Billion of Yen,%)
1 (2) Ordinary Revenues (Consolidated)
(Japanese electric power businesses [Figures are included above])
Retail 258.0 266.0 -8.0
Increase in electricity sales volume 11.5
Unit price difference(Effect of fuel cost adjustments etc)
-19.5
Wholesale 30.0 11.0 19.0 Sold power to other suppliers 17.9
Other 25.2 20.2 5.0 Consignment revenue 2.7
(Sales) (311.7) (296.6) (15.1)
Ordinary Revenues 313.4 297.3 16.06Note : 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).
Sales increased by 4.7% to 349円.9 billion and ordinary revenues increased by 4.5% to 352円.7 billion, mainly due to an
increase in Wholesale and Consignment revenue.
Although retail electricity sales volume increased owing to group-wide sales activities, retail sales revenue decreased
because of the effects of fuel cost adjustments.
FY2021 1Q FY2020 1Q DifferenceRateof Change
Explanations
Operating Expenses 319.5 302.9 16.5 5.5 Japanese electric power businesses 17.7
Other Expenses 9.0 7.8 1.2 16.0
Ordinary Expenses 328.6 310.7 17.8 5.7 Japanese electric power businesses 19.5
(Billion of Yen,%)
1 (3) Ordinary Expenses (Consolidated)
(Japanese electric power businesses [Figures are included above])
Labor 32.0 34.0 -1.9
Fuel 38.1 40.7 -2.5
Effect of operating nuclear power stations -13.5 *
Thermal power generation composition difference 6.5
Increase in retail・wholesale 4.5 CIF and exchange gains difference 2.0
Purchased power from other
utilities and other suppliers
55.7 41.2 14.4 Purchased power from other suppliers 13.8
Maintenance 29.9 31.5 -1.6
Depreciation 39.8 35.6 4.1 Nuclear 2.6 Administration 0.8
Interest 5.5 5.5 -
Nuclear back-end 19.5 13.5 5.9 Effect of operating nuclear power stations 5.5 *
Other 74.1 72.9 1.1
Ordinary Expenses 294.9 275.3 19.57* Effect of operating nuclear power stations (fuel costs + nuclear back-end costs) -8.0
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 increased by 5.7% to 328円.6 billion, due to an increase in purchased power costs and nuclear back-end
costs, despite a decrease in fuel costs resulting from higher capacity utilization at nuclear power plants.
FY2021 1Q FY2020 1Q DifferenceRateof Change
Ordinary Income 24.0 26.7 * -2.6 -9.9
Provision for Reserve for Fluctuation
in Water Levels
- -0.1 0.1 -83.2
Income Before Income Taxes 24.0 26.9 -2.8 -10.4
Income Taxes 7.8 8.0 -0.2 -2.6
Net Income Attributable to Non-controlling
Interests
0.4 0.5 - -17.6
Net Income Attributable to Owners of the
Parent
15.8 18.3 -2.5 -13.7
(Billion of Yen,%)
1(4) Ordinary Income/Net Income Attributable to Owners of the Parent (Consolidated) 8
As a result, both ordinary income and net income attributable to owners of the parent decreased from FY2020 1Q.
Ordinary income amounted to 24円.0 billion and net income attributable to owners of the parent amounted to 15円.8 billion.
* Impact of the COVID-19 around +6.0 billion yen (-4.0 ← -10.0)
(Billion of Yen)
( Reference ) Factors Affecting Consolidated Ordinary Income 9
(FY2020 1Q) (FY2021 1Q)
Effect of time
lag of fuelcostadjustments
(7.0→-7.0)
Increase in
depreciation
costs
Consolidated
Ordinary Income
Consolidated
Ordinary Income+6.0-14.0+8.026.7 24.0
(-2.6)-4.1Others+0.9Effect of
operating
nuclear power
stations
Consolidated ordinary income
excluding effect of time lag
around 19.7
Consolidated ordinary income
excluding effect of time lag
around 31.0
(Taking into
account effects
of the fuel
costs ,etc.)
Increase in
electricity
sales
volume of
Retail・
Wholesale
Others+0.6Japanese electric power businesses (-3.5)
With regard to the effect of fuel price from the second half of FY2020,
· Part of the fuel prices in the latter half of the FY2020, which were lower than the standard fuel price, were reflected in the decrease of
retail sales in the 1Q of the FY2021 [around -20 billion yen]
· Part of the fuel prices for the 1Q of FY 2021 , which were lower than the standard fuel price, were not reflected in the decrease of
retail sales in the 1Q of FY2021 and were carried over after the 1Q of the FY2021 [around -13 billion]
As a result of this time lag of fuel cost adjustments, revenue and expenditure deteriorated [around -7 billion yen] (The 1Q of the
FY2020 : around -14 billion yen)
(Reference) Estimate of the effect of time lag of fuel cost adjustments (Non-consolidated) 10
FY2021 1Q FY2020 1Q Difference
Energy
services
businesses
Japanese
electric
power
businesses
Power and Retail
businesses
Sales 308.6 292.4 16.1
Ordinary Income/Loss 15.3 23.0 -7.6
Transmission and
Distribution
businesses
Sales 122.8 113.1 9.7
Ordinary Income/Loss 2.6 -1.0 3.6
Inter-segment
transactions eliminated
Sales -119.6 -108.9 -10.6
Ordinary Income/Loss 0.4 - 0.4
Total
Sales 311.7 296.6 15.1
Ordinary Income/Loss 18.4 22.0 -3.5
Other energy services businesses
Sales 38.3 35.8 2.4
Ordinary Income/Loss
( Overseas businesses )
[Figures are included above]
2.6 1.9 0.7
(0.8) (0.3) (0.4)
ICT services businesses
Sales 25.1 24.3 0.8
Ordinary Income/Loss 1.3 1.4 -
Other businesses
Sales 7.2 6.7 0.5
Ordinary Income/Loss 1.4 1.3 0.1
Inter-segment transactions eliminated
Sales -32.5 -29.4 -3.1
Ordinary Income/Loss - - -
Total
Sales 349.9 334.1 15.8
Ordinary Income/Loss 24.0 26.7 -2.6
Note1: The above amounts represent figures prior to elimination of transactions among segments.
Note2: Figures in ( ) represent sales excluding transactions among group companies.
(280.1)
(30.9)
(295.7) (15.3)
(311.0)
(16.7) (-0.6)
(19.5) (18.7) (0.8)
(Billion of Yen)
1 (5) Segment Information (Consolidated)
(16.0)
(3.3) (2.9)11(0.3)
(272.3)
(23.4)
(7.8)
(7.4)
1 (5) ➀ Power and Retail Businesses(Financial Results)
FY2021 1Q FY2020 1Q DifferenceRateof Change
Sales 308.6 292.4 16.1 5.5
Ordinary Expenses 296.6 272.7 23.9 8.8
Ordinary Income 15.3 23.0 -7.6 -33.2
Sales : 308.6 billion of yen ( Increase by 5.5% Compared with FY2020 1Q)
Ordinary Income : 15.3 billion of yen( Decrease by 33.2% Compared with FY2020 1Q)
(Billion of Yen, %)12Power generation and retail business in Japan, etc
[Power and Retail ]
Sales increased by 5.5% to 308円.6 billion compared to FY2020 1Q, due to an increase in wholesale revenues.
Although retail electricity sales volume increased due to group-wide sales activities, retail sales revenue decreased
because of the impact of fuel cost adjustments.
Ordinary income decreased by 33.2% to \ 15.3 billion, due to the disadvantageous impact of the time-lag, inherent to the
fuel cost adjustments system. This year it resulted in losses, whereas last year it pushed up profits in the first quarter.
Lower fuel costs, caused by a higher capacity utilization at nuclear power plants, could not offset the decrease in income.
1 (5) 2 Transmission and Distribution Businesses(Financial Results)
FY2021 1Q FY2020 1Q DifferenceRateof Change
Sales 122.8 113.1 9.7 8.6
Ordinary Expenses 120.9 114.2 6.6 5.8
Ordinary Income 2.6 -1.0 3.6 -
Sales : 122.8 billion of yen ( Increase by 8.6% Compared with FY2020 1Q)
Ordinary Income : 2.6 billion of yen ( Increase )
(Billion of Yen, %)13Transmission and Distribution business in Kyushu, etc.
[Transmission and Distribution]
Sales increased by 8.6% to 122円.8 billion compared to FY2020 1Q, mainly due to an increase in Wholesale, as more
electricity was sold to others, along with an increase in renewable energy purchases and an increase in consignment
revenue.
Being faced with a loss of 1円 billion in FY2020 1Q, ordinary income has now improved to a profit of 2円.6 billion, due to an
increase in sales and a decrease in expenses such as consignment costs. Although there was an increase in purchased
electricity costs, due to the purchase costs from renewable energy and procurement from the supply-demand adjustment
market.
1 (5) 3 Other Energy Services Businesses(Financial Results)
FY2021 1Q FY2020 1Q DifferenceRateof Change
Sales 38.3 35.8 2.4 6.8
Ordinary Expenses 36.9 36.8 - 0.3
Ordinary Income 2.6 1.9 0.7 39.2
(Share of profit of entities accounted
for using the equity method)
[Figures are included above]
(0.8) (1.6) (-0.7) (-48.9)
Sales : 38.3 billion of yen ( Increase by 6.8% Compared with FY2020 1Q)
Ordinary Income : 2.6 billion of yen( Increase by 39.2% Compared with FY2020 1Q)
(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]14Sales increased by 6.8% to 38円.3 billion compared to FY2020 1Q, due to an increase in LNG sales in overseas LNG
project.
Ordinary income increased by 39.2% to 2円.6 billion compared to FY2020 1Q.
1 (5) 4 ICT Services Businesses(Financial Results)
FY2021 1Q FY2020 1Q DifferenceRateof Change
Sales 25.1 24.3 0.8 3.4
Ordinary Expenses 23.8 22.9 0.8 3.7
Ordinary Income 1.3 1.4 - -1.4
(Share of profit/loss of entities
accounted for using the equity method)
[Figures are included above]
(-0.06) (-0.05) (-) (-)
Sales : 25.1 billion of yen ( Increase by 3.4% Compared with FY2020 1Q)
Ordinary Income : 1.3 billion of yen ( Decrease by 1.4% Compared with FY2020 1Q)
(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]15Sales increased by 3.4% to 25円.1 billion compared to FY2020 1Q due to an increase in higher sales of optical broadband
and smartphone services.
Ordinary Income was 1円.3 billion, about the same as FY2020 1Q.
1 (5) 5 Other Businesses(Financial Results)
FY2021 1Q FY2020 1Q DifferenceRateof Change
Sales 7.2 6.7 0.5 8.1
Ordinary Expenses 5.7 5.6 0.1 2.9
Ordinary Income 1.4 1.3 0.1 10.8
(Share of loss/profit of entities
accounted for using the equity method)
[Figures are included above]
(-0.06) (-0.04) (-0.01) (-)
Sales : 7.2 billion of yen ( Increase by 8.1% Compared with FY2020 1Q)
Ordinary Income : 1.4 billion of yen ( Increase by 10.8% Compared with FY2020 1Q)
(Billion of Yen, %)
Real estate business, Paid nursing home business, Office work outsourcing business, Personnel Dispatch Business, etc.
[Other Businesses]16Sales increased by 8.1% to 7円.2 billion compared to FY2020 1Q, due to an increase in real estate sales.
Ordinary income increased by 10.8% to 1円.4 billion.
Jun.30,2021 Mar.31,2021 Difference
Assets 5,143.5 5,128.5 15.0
Liabilities 4,450.0 4,447.0 2.9
(Interest-bearing Debt)
[ Figures are included above ]
(3,623.3) (3,522.6) (100.6)
Equity 693.4 681.4 12.0
Equity Ratio (%) 12.9 12.7 0.2
(Billion of Yen)
2 Financial Status for FY2021 1Q(Consolidated) 17
Total assets increased by 15円.0 billion to 5,143円.5 billion compared to the end of FY2020, mainly due to an increase in
fixed assets resulting from construction of nuclear safety improvement measures.
Liabilities increased by 2円.9 billion to 4,450円.0 billion compared to the end of FY2020 because of an increase in interest-
bearing debt, despite a decrease in other current liabilities such as unpaid construction expenses.
Equity increased by 12円.0 billion to 693円.4 billion compared to the end of FY2020 due to Net Income Attributable to
Owners of the Parent, despite the payment of dividends. As a result, shareholders’ equity ratio is 12.9%.
FY2021 FY2020 DifferenceRateof Change
Sales 1,510.0 1,521.9 -11.9 -0.8
Operating Income 100.0 76.8 23.2 30.0
Ordinary Income 70.0 55.1 * 14.9 26.9
Net Income attributable to
owners of the parent
45.0 31.8 13.2 41.4
(Billion of Yen, %)183 Forecasts of Financial Results for FY2021
FY2021 FY2020 Difference
Retail 76.6 billion kWh 75.2 billion kWh 1.4 billion kWh
Wholesale 12.4 billion kWh 10.7 billion kWh 1.7 billion kWh
Total 89.0 billion kWh 85.8 billion kWh 3.2 billion kWh
Crude Oil CIF Price 60$/b 43$/b 17$/b
Exchange Rate 110\/$ 106\/$ 4\/$
Nuclear [ transmission-end number ]
( Utilization rate )
31.5 billion kWh
(90.5%)
21.7 billion kWh
(62.4%)
9.8 billion kWh
(28.1%)
(Reference) Key Factors
Note2: 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).
* Impact of the COVID-19 around +1.0 billion kWh (-1.0← -2.0)*Note1: Key Factors are posted with reference to those announced on April 30, 2021.
Note :"Accounting Standard for Revenue Recognition" etc., have been applied since the beginning of the FY2021 1Q. Under this new standard, the "Renewable Energy
Power Promotion Surcharge" and "Grant based on the Act on Purchase of Renewables", which are related to the feed-in tariff system for renewable energy, are not recorded
as net sales but are being deducted from corresponding operating expenses. The "Electricity Business Accounting Regulations" has been revised based on the new revenue
recognition standard that was issued.
Along with this, the change in accounting policy is applied retroactively, so that the rate of increase / decrease compared to the previous year, the rate of increase / decrease
compared to the actual value of the previous year is visible.
* Impact of COVID-19 around +11.0 billion yen (-10.0 ← -21.0)
Forecast of sales and ordinary income remain the same as previously announced (April 2021)
Consolidated Sales :1,510 billion of yen
Consolidated Ordinary Income: 70 billion of yen3020 17.5 202005151015
15 17.52050
0 0 05152030
35 3540FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY202115( )( )10
4 Forecasts of Dividends for FY2021
(Unit : Yen)
[Changes in a dividend per share(Common Stock)]
■しかく Year-end
■しかく Interim
Total Dividend for FY2021:40yen
( Increase by 5 yen compared to FY2020 )
Note: The number with () for the FY 2021 is a forecast.
As for the dividends for the FY2021, there is no change to the previous forecast. Based on a
comprehensive analysis of operating forecasts and medium to long-term balance situation, financial and
other factors, we plan to pay a dividend of 40円 per common share (both interim and year-end dividend of
20円).
As for the class A preferred share, we plan to pay a dividend of a total amount of 2円.1 billion.( )19
(Reference) Data
〔Japanese electric power businesses〕
FY2021 1Q FY2020 1Q DifferenceRateof Change
Retail sales 258.0 266.0 -8.0 -3.0
Revenues from Retail sales, Wholesale sales, and Others
Revenues from retail sales
(Billion of Yen,%)
Difference
FY2021 1Q FY2020 1Q DifferenceRateof Change
Wholesale sales 30.0 11.0 19.0 172.5
1. Sold power to other suppliers 17.9
(Billion of Yen,%)
Difference
FY2021 1Q FY2020 1Q DifferenceRateof Change
Others 25.2 20.2 5.0 24.9
(Billion of Yen,%)
Difference
Revenues from wholesale sales
Others201. Increase in electricity sales volume 11.5
2. Unit price difference (Effect of fuel cost adjustments etc.) -19.5
1. Consignment revenue 2.7
FY2021 1Q FY2020 1Q DifferenceRateof Change
Fuel 38.1 40.7 -2.5 -6.3
1. Purchased power from other suppliers 13.8
Expenses for Fuel and Purchased power
(Billion of Yen,%) (Billion of Yen,%)
Difference Difference Difference
【Reference1】 All Japan CIF prices
【Reference2】 Fuel consumption
FY2021 1Q FY2020 1Q Difference
Coal ($/t) 102 82 19
LNG ($/t) 417 462 -44
Crude oil ($/b) 67 32 35
FY2021 1Q FY2020 1Q Difference
Coal (ten thousand ton) 59 151 -93
LNG (ten thousand ton) 39 29 10
Fuel Purchased power212. Thermal power generation
composition difference 6.5
3. Increase in revenues from retail sales
and wholesale sales 4.5
FY2021 1Q FY2020 1Q Difference
Water Flow Rate (%) 97.9 91.4 6.5
Nuclear Power Utilization Rate* (%) 103.9 70.3 33.6
【Reference3】 Water Flow Rate, Nuclear Power Utilization Rate
1. Effect of operating nuclear power stations -13.5
4. CIF and exchange gains difference 2.0
FY2021 1Q FY2020 1Q DifferenceRateof Change
Purchased power 55.7 41.2 14.4 35.1
* The utilization rate may exceed 100% due to constant rated heat output operation.
FY2021 1Q FY2020 1Q DifferenceRateof Change
Maintenance 29.9 31.5 -1.6 -5.3
FY2021 1Q FY2020 1Q DifferenceRateof Change
Depreciation 39.8 35.6 4.1 11.7
Expenses for Maintenance , Depreciation and Others
Maintenance
(Billion of Yen,%)
(Billion of Yen,%)
FY2021 1Q FY2020 1Q DifferenceRateof Change
Others 131.2 126.1 5.1 4.1
(Billion of Yen,%)
Difference FY2021 1Q FY2020 1Q
2. Labor -1.9 ( 32.0 ← 34.0 )
Others
Depreciation221. Nuclear 2.6
Difference
2. Administration 0.8
1. Nuclear back-end 5.9 ( 19.5 ← 13.5 )
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