Kansai Electric Power Group Overview

Value Creation Story

Medium-term Management Plan

Business Overview

Foundation to Support Value Creation

Financial and Corporate Information

History of Value Creation
In 1951, the restructuring of electric power in Japan resulted in the Kansai Electric Power Company emerging as one ofthe private companies that integrated both the generation and distribution of electricity. At the time the country wasstill recovering from the war, and thus the Company as an enterprise launched while facing several challenges,
including the tight supply and demand of electricity and an uneven operating balance, as well as an unstable situation
regarding the relationship between labor and management. However, by marking milestones such as the constructionof the Kurobegawa No. 4 Power Station and the introduction of nuclear power stations, the Company was robust

Changes in society

enough to come through and endure difficult challenges such as the two oil crises and the Great Hanshin-Awaji
Earthquake to still be here today.
Since 2000, the liberalization of the electrical power sector has led to increased competition, and the environment
in which the Company does business has seen radical changes. In order to continue to serve our customers andcommunities, we have evolved into a corporate group that has branched out beyond the energy sector to provide awide range of social infrastructure and services that support both industrial activities and people’s lives.

1954

1973/1979

1985

Rapid economic growth and dramaticincrease in the demand for electrical power

Oil crisis

Liberalization ofBursting of thetelecommunications bubble economy

1990

1995
The Great Hanshin-Awaji
Earthquake

Changes to Kansai Electric Power1951
The Kansai Electric Power
Company established

1957
Kanden Sangyo (currentlyKanden Realty & DevelopmentCo., Ltd.) established1963
Kurobegawa No. 4 Power
Station (known as Kuroyon)
completed

1970
Mihama Nuclear Power
Station Unit 1 commenced
operations

1984
Awarded the Deming Prizeas the first in the powerindustry

1995
Recovery efforts following
the Great Hanshin-Awaji
Earthquake

1998
Joined the San RoqueProject

1998
An in-house Entrepreneurship
Challenge System created

The Company was establishedfollowing the restructuring of
the electrical power business.

Kanden Sangyo was establishedto develop business mainly
related to the management ofreal estate.

Completion of a challenging construction
project that spanned seven years. TheCompany began to contribute to thegrowth of the Japanese economy
through the provision of electrical power.

This Japan’s first commercial PWR
succeeded in trial electricity
transmission to the Expo site.

Recognized that the Company
has successfully improved its
performance through theapplication of quality control.

Approx. 2.6 million homes lostpower. Every single employee at
the Company worked together
toward the rapid restoration of
the power supply to these homes.

The Company became the firstJapanese power company toparticipate in an overseas power
generation business, collaborating
on-site with the construction work.

Based on entries to the first roundof the System, the first venture
enterprise was established in 2000:
Kanden-EL-Farm, Inc.

Operating revenues

4,000,000

1995

3,500,000
3,000,000

1984

2,500,000

Awarded theDeming Prize

1985
Established Osaka Media Port
Co., Ltd. and entered
telecommunications market

1998

2,000,000
1,500,000
1,000,000500,0000(millions of yen)Completed transmission ofemergency power supply
153 hours after the Great
Hanshin-Awaji Earthquake

1970

1951
The Kansai
Electric PowerCompany
established1951

Kansai Electric Power Group Integrated Report 2023

Participated in theSan Roque Project1963
Kurobegawa No. 4
Power Station completed

1960

Mihama Nuclear
Power Station Unit 1
commenced operations

1970

1980

1990

15

Kansai Electric Power Group Overview

Value Creation Story

Medium-term Management Plan

Business Overview

Foundation to Support Value Creation

Financial and Corporate Information

History of Value Creation
Strengths cultivated by the Kansai Electric Power Group
01 Zero-carbon power sources

02 Problem-solving power

03 Comprehensive strengths of our Group04 Responding to digitalization• Top spot for the amount of zero-carbon power generationin Japan• Know-how related to the design, maintenance andoperation of facilities for nuclear power generation andrenewable energy• Engineering capabilities built on the group business• Expertise and know-how in energy management• Customer base other than electricity sales through a wide
range of group businesses• Expertise and know-how built on the group business• Active introduction of cutting-edge IT infrastructures andIT technologies• Expertise and know-how regarding digital technologies

2000

2011

2016

2020

The Great East Japan
Earthquake

Full liberalization ofelectricity retail markets

Legal separation of powertransmission anddistribution business

Make withzero CO2

Use withzero CO2

Kansai Electric Power Group
Zero Carbon Vision 2050

2000
Entered the gas supplybusiness

2001
Launch of eo Optical Net

2011
Mega Solar Sakai Power
Station commenced
commercial operations

2012
Kanden Energy Solution Co., Inc.
expanded its business to theTokyo Metropolitan district

Launch of a gas businessincluding sales of Liquefied
Natural Gas (LNG)

Started providing internetservices utilizing a proprietaryfiber-optic network.

Became the first Japanesecompany to operate thelarge-scale solar power station.

Established a Tokyo Office andConstruction started at what thebegan supplying the district with Company called the Second
electric power service in 2014.
Kuroyon Dam Project for Laos—theNam Ngiep Hydropower Project.

2018
K4 Digital Co., Ltd.
established

2021
Zero Carbon Vision 2050
formulated

A new mobile service thatenables low-cost usage of
LTE/mobile phonefunctionality/handsets

K4 Digital was established to leverage
digital technologies capable ofcreating new businesses andchanging the business.

Declared the Group’s intent toachieve zero CO emissions inpower generation and otherbusiness activities by 2050.

Launched eo Optical Net

2011
Mega Solar Sakai Power
Station commenced
commercial operations

Construction began at the Nam Ngiep
Hydropower Project / Launched themineo mobile phone service

3,000,000
Transition to a company with a Nominating
Committee, etc. / Kansai Transmission andDistribution Inc. took over the powertransmission and distribution business

Kansai Electric Power Group Integrated Report 2023

2,500,000
2,000,000
1,500,000

2019

2010

3,500,000

2020

Cash/gift-receiving
problem revealed

2000

4,000,000

Established K4 Digital Co., Ltd. /Selected as a Competitive IT Strategy Company

2014
2001

Operating revenues

2018

Kanden Energy Solution Co., Inc.
expanded its business to theTokyo Metropolitan district

Accident with the supplypipe at Mihama Nuclear
Power Station Unit 3Entered the gas
business / Established
Kanden-EL-Farm, Inc.

2014
Launch of the mineo mobile
phone service

2012

2004

2000

2014
Construction at Nam Ngiep
begun

2022
Violation of the Antimonopoly Act
and breach of the Electricity Business
Act due to improper handling of
information on PPS customers

2020

1,000,000
500,0000(millions of yen)16