We hereby announce that we have revised our financial results forecast for FY2021 (announced on October 29, 2021).
As for the year-end dividends for the FY2021, there is no change to the previous forecast (¥20 per common share, annual: ¥40 per common share).
1 Revision of financial results forecast
Revision of consolidated financial results forecast for FY2021 (April 1, 2021- March 31, 2022)
Sales
Operating
Ordinary
Profit attributable
EPS
income
income
to owners of
parent
Forecast
(Unit: billion yen)
(Unit: billion yen)
(Unit: billion yen)
(Unit: billion yen)
(Unit: yen)
previously
(A)
1,640.000
100.000
70.000
45.000
90.69
announced
Revised forecast
(B)
1,700.000
70.000
50.000
25.000
48.41
Difference
(B-A)
60.000
-30.000
-20.000
-20.000
-
Ratio
(%)
3.7
-30.0
-28.6
-44.4
-
(Reference)
1,521.977
76.894
55.179
31.835
62.86
Results for FY2020
2 Reasons for revision
In terms of the Forecast of Financial Results for FY2021, there is a change to the previous forecast (announced on October 29, 2021 ) in light of the latest supply-demand trends.
In Japanese electric power businesses, consolidated sales are expected to be approximately ¥1,700 billion, exceeding the previously announced forecast. The increase in sales is caused by the following factors: an increase in the total amount of electricity sales volume and a rise in the unit price of electricity because of the fuel cost adjustment system.
In Japanese electric power businesses, ordinary Income is expected to be approximately ¥50 billion, falling below the previous forecast, despite the increase in the total amount of electricity sales volume. The decrease in ordinary income is caused by the following factors: the increase in purchased power costs due to the rise in fuel prices and power prices on Japan's wholesale trading market, as well as the expansion of the loss on the time lag of fuel cost adjustments behind the actual higher fuel prices.
Net income attributable to owners of the parent is expected to be approximately ¥25 billion, falling below the previous forecast. The decrease in net income attributable to owners of the parent is caused by the above effects and the impact of the loss on return of electric imbalance charge which is recorded as an extraordinary loss.
(Reference: Key Factor)
Revised
Previously
Difference
announced
Retail electricity sales
78.9 billion kWh
78.8 billion kWh
0.1 billion kWh*
volume
Wholesale electricity
17.1 billion kWh
16.1 billion kWh
1 billion kWh
sales volume
Total electricity Sales
96.0 billion kWh
94.9 billion kWh
1.1 billion kWh
Volume
Crude Oil CIF Price
74 $/b
71 $/b
3 $/b
Exchange Rate
112 ¥/$
110 ¥/$
2 ¥/$
Nuclear Power [Transmission-end]
31.8 billion kWh
31.8 billion kWh
-
(Capacity factor of nuclear power plants)
(91.3%)
(91.2%)
(0.1%)
Note: Electricity sales volume represents our company and consolidated subsidiaries (Kyushu Electric Power Transmission and Distribution Company Inc. and Kyuden Mirai Energy Company Inc.) (internal transactions have been eliminated).
* The impact of COVID-19 is around +0.5 billion kWh. (-0.5← -1.0)
Note: The forward-looking statements are based on information available as of the date hereof. Actual results could differ due to numerous factors
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today and for generations to come.
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Kyushu Electric Power Co. Inc. published this content on 31 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2022 08:18:04 UTC.
Kyushu Electric Power Co Inc is a Japan-based company mainly involved in the electric power business. It has four business segments. The Domestic Electric Power segment mainly consists of domestic power generation and retail business, as well as power transmission and distribution business in the Kyushu region. Other Energy Services segment includes power supply such as construction and maintenance of electric facilities, gas and liquefied natural gas (LNG) sales businesses, renewable energy businesses, and overseas businesses. The Information Technology Communication (ICT) Service segment mainly includes data communication business, optical broadband business, telecommunications construction and maintenance business, information system development business, and data center business. Others segment mainly includes real estate business and paid nursing home business.