April 30, 2021
The Fiscal Year Ended March 31, 2021 Financial Results Overview 〔 Japan GAAP〕（ Consolidated）
Kyushu Electric Power Co., Inc.
Stock code: 9508 URL: http://www.kyuden.co.jp/english_index.html
Stock listed on: Tokyo SE, Fukuoka SE
Representative: Mr. Kazuhiro Ikebe, President & Chief Executive Officer
Contact: Investor Relations Group, Corporate Strategy Division. Tel: +81-92-726-1575
General Meeting of Stockholders date (plan) : June 25,2021
Commencement of payment of year-end dividend: June 28,2021
Annual security report submission date (plan): June 28,2021
Preparation of supplementary materials for quarterly financial results: Yes
Information meeting for quarterly financial results: Yes (for analysts and institutional investors)(Rounded down to the nearest million yen)

1. Consolidated Financial Results for FY2020(April 1, 2020 to March 31, 2021)(1) Consolidated Operational Results(% shows the changes from the previous FY)

SalesOperating income(Unit: million yen)(%) (Unit: million yen)

Ordinary income(%) (Unit: million yen)(%)

FY2020 ended March 31, 2021

2,131,799

5.9

77,39721.3

55,68339.0

FY2019 ended March 31, 2020

2,013,050-0.2

63,813-26.3

40,052-23.8(Note) Comprehensive income : FY2020 62,763 million yen (-%)

FY2019 2,954 million yen (-%)
Net return
Fully-dilutedonnet earnings
shareholders'
per share
equityRatio ofcurrent
income tototal capital

Ratio ofcurrent
income tosales

Profit attributable toowners of parent

Net income
per share(Unit: million yen)(%)

(Unit: yen)

(Unit: yen)

(%)

(%)

(%)

32,167
-419

―
―

63.57
-6.05

57.01
―

5.1
-0.1

1.1
0.8

3.6
3.2

FY2020 ended March 31, 2021
FY2019 ended March 31, 2020

(Reference) Investment Profit/Loss under Equity Methods : FY2020 9,884 million yen FY2019 9,247 million yen(Note) Fully-diluted EPS for FY2019 is not indicated in spite of existence of delutive potential shares because EPS is net loss.

(2) Consolidated Financial Position

Shareholders'equity ratio

Net assets
per share

Total assets

Net assets(Unit: million yen)

(Unit: million yen)(%)

(Unit: yen)

FY2020 ended March 31, 2021

5,126,822

682,75212.7

1,168.09

FY2019 ended March 31, 2020

4,948,063

637,957

12.3

1,077.38(Reference) Shareholders' equity: FY2020 653,585 million yen FY2019 610,641 million yen(3) Consolidated Cash Flow
Cash flow fromoperating activities
FY2020 ended March 31, 2021
FY2019 ended March 31, 2020

Cash flow frominvestment
activities

Cash and cash
Cash flow fromequivalents balance
financing activities
as of term-end(Unit: million yen)

(Unit: million yen)

(Unit: million yen)

(Unit: million yen)

253,459
226,852-330,587-424,623

95,549157,999

223,901
205,485

2. Dividends
Annual dividends per share(Record date)
FY2019 ended March 31, 2020
FY2020 ended March 31, 2021
FY2021 ending March 31,2022(forecast)

Total dividends Payout ratio(annual)Dividend rate for net(consolidated) assets (consolidated)

1Q

Interim

3Q

Yearend(Unit: yen)

(Unit: yen)

(Unit: yen)

(Unit: yen)

(Unit: yen)

(Unit: million yen)

(%)

(%)

―
―

10.00
17.50

―
―

15.00
17.50

35.00
35.00

16,587
16,587

―
55.1

3.2
3.1

―

20.00

―

20.00

40.00

Total

―

(Note) Dividends mentioned above are regarding common shares. See 'Dividends for Class Shares' regarding dividends
for class shares which differ in shareholders' right from common shares.

3. Forecast for FY2021 (April 1, 2021 to March 31, 2022)
Sales(Unit: million yen)

Full-year

1,510,000

Operating income

Ordinary income

Profit attributable toowners of parent

Net earnings pershare(% ) (Unit: million yen)(% ) (Unit: million yen)(% ) (Unit: million yen)(% )(Unit: yen)

―

―

―

―

90.69

100,000

70,00045,000(Note) Since the "Accounting Standard for Revenue Recognition" is scheduled to be applied from the fiscal year
ending March 2022, the percentage change from the actual results for the fiscal year ending March 2021,
before the application of the accounting standard, is not stated.

※ Note(1)Changes in significant subsidiaries (changes in scope of specified subsidiaries) : No
Newly added:0
Excluded:0(2) Changes in accounting principles, changes in accounting estimates, restatement① Changes in accounting principles in line with revised accounting standards : No
② Changes in accounting principles other than ① : Yes③ Changes in accounting estimates : Yes④ Restatement : No
(3) Number of common stocks issued and outstanding① Total stocks including treasury stocks at the end of period
FY2020 474,183,951 shares
FY2019 474,183,951 shares② Treasury stocks at the end of period
FY2020 1,158,956 shares
FY2019 1,194,235 shares③ Average number of stocks during the period
FY2020 473,014,996 shares
FY2019 472,985,935 shares(Note) he number of our shares regarding "Board Benefit Trust (BBT)" held by the Trust was included in the number of treasury
stocks at the end of period ( 603,000 shares as of FY2020 and 648,000 shares as of FY2019) . In addition, the number ofour shares held by the Trust was included in the number of treasury stocks, which was to be deducated from the calculation of
the average number of stocks during the period. (618,000 shares for FY2020 and 657,000 shares for FY2019)(Reference) Outline of Non-consolidated Financial Results
Non-consolidated Financial Results for FY2020 (April 1, 2020 to March 31, 2021)(1) Non-Consolidated Operational Results(% shows the changes from the previous FY)

Sales(Unit: million yen)

FY2020 ended March 31, 2021
FY2019 ended March 31, 2020

1,813,363
1,818,090

Operating income(%) (Unit: million yen)

-0.3
-2.6

Net income(Unit: million yen)

FY2020 ended March 31, 2021
FY2019 ended March 31, 2020

10,671-19,319

Ordinary income(%) (Unit: million yen)

34,521
0.3
34,412 -43.3
Net earnings per share

(%)

―
―

(%)

21,780 105.5
10,596 -67.4
Fully-diluted net earnings
per share(Unit: yen)

(Unit: yen)

18.11
-45.98

16.24―(Note) Fully-diluted EPS for FY2019 is not indicated in spite of existence of delutive potential shares because EPS is net loss.

(2) Non-Consolidated Financial Position
Shareholders'equity ratio

Net assets
per share

Total assets

Net assets(Unit: million yen)

(Unit: million yen)(%)

(Unit: yen)

FY2020 ended March 31, 2021

4,453,127

451,42510.1

740.24FY2019 ended March 31, 2020

4,433,616

455,73810.3

749.40(Reference) Shareholders' equity: FY2020 451,425 million yen FY2019 455,738 million yen*Financial results are not subject to audit procedures*Notes on the proper use of the forecasts
Looking-forward statements are based on information available at the date of the release of this document. Due to various
factors, the actual result may differ from these statements.
We will post supplementary materials for financial results on our website.

(Reference) Dividends for Class Shares
The breakdown of dividend for class shares which differ in shareholders' rights from common shares is as follows.
Class Apreferred shares

Annual dividends per share
3Q
Year-end

1Q

2Q(Unit: yen)

(Unit: yen)

FY2019 ended March 31, 2020―

546,575.00

FY2020 ended March 31, 2021―

1,050,000.00

FY2021 ending March 31, 2022(forecast)―

1,050,000.00(Unit: yen)

―

―

Total

(Unit: yen)

(Unit: yen)

1,052,877.00

1,599,452.00

1,050,000.00

2,100,000.00

1,050,000.00

2,100,000.00

Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2020○ Table of Contents of Attached Material
1. Consolidated Financial Statements and Main Notes・・・・・・・・・・・・・・・・・・・・ 2(1) Consolidated Balance Sheets・・・・・・・・・・・・・・・・・・・・・・・・・・

2(2) Consolidated Income Statements and Consolidated Comprehensive Income Statements・・・・ 44(3) Consolidated Statements of Changes in Shareholders’ Equity ・・・・・・・・・・・・・・ 66(4) Consolidated Statements of Cash Flows

・・・・・・・・・・・・・・・・・・・・・・ 88(5) Notes on Consolidated Financial Statements

・・・・・・・・・・・・・・・・・・・・ 10(Note on the premise of going concern)・・・・・・・・・・・・・・・・・・・・・・・ 10
10(Changes in accounting policies that are difficult to distinguish from changes
in accounting estimates) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 10(Segment information)・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・11
2. Others・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・13(1) Major effects of the Corona virus・・・・・・・・・・・・・・・・・・・・・・・・・・13(2) Difference from the forecast for the fiscal year 2021・・・・・・・・・・・・・・・・・・ 13

Please note that this purports to be an accurate and complete translation of the original Japaneseversion prepared for the convenience of our English-speaking audience. However, in the case of any
discrepancy between the translation and the Japanese original, the latter shall prevail.
-1-

Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2020

1. Consolidated Financial Statements and Main Notes（1） Consolidated Balance Sheets
As of March 31, 2020
AssetsNon-current assets
Electric utility plant and equipment
Hydroelectric power production facilities
Thermal power production facilities
Nuclear power production facilities

4,368,942
2,476,991
258,623
302,336
329,498
21,40914,351
575,042
211,969
633,541
114,288
15,931
364,850
740,130
641,816
43,53554,777240,942
44,517
196,424
546,027
202,483
6,210
164,272
174,787△1,725579,121204,040
235,706
83,05957,087△773
4,948,063

Internal combustion engine power production facilities

Renewable power production facilities
Transmission facilities
Transformation facilities
Distribution facilities
General facilities
Other electric utility plant and equipment
Other non-current assets
Construction in progress
Construction and retirement in progressSpecial account related to nuclear power decommissioning
Special account related to reprocessing of spent nuclear fuelNuclear fuelLoaded nuclear fuelNuclear fuel in processing
Investments and other assets
Long-term investments
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Current assets
Cash and deposits
Notes and accounts receivable - trade
Inventories
Other
Allowance for doubtful accounts
Total assets-2-（Unit：million yen）
As of March 31, 2021
4,497,789
2,701,288
256,238
274,643547,368
20,87425,124570,968
218,620645,239
128,636
13,574
383,892
621,441504,045
41,92675,470229,765
54,930174,835
561,401
215,981
22,493
143,901
180,427△1,402
629,032
234,163258,788
70,53369,281△3,734
5,126,822

Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2020

As of March 31, 2020
Liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Retirement benefit liability
Asset retirement obligations
Deferred tax liabilities
Other
Current liabilities
Current portion of non-current liabilities
Short-term borrowings
Commercial papers
Notes and accounts payable - trade
Accrued taxes
Other
Reserves under special laws
Reserve for water shortage
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Non-controlling interests
Total net assets
Total liabilities and net assets-3-（Unit：million yen）
As of March 31, 2021

3,242,680
1,154,898
1,640,896
102,265
268,332
7,534
68,753
1,058,585
415,119
118,01292,00065,753
19,403
348,297
8,840
8,840
4,310,105

3,389,093
1,299,898
1,645,064
88,107
278,031
8,280
69,711
1,046,708
427,272
123,108
40,00078,12538,025340,1758,268
8,268
4,444,069

632,808
237,304
120,008
276,997△1,501△22,166
2,115
713△4,697△20,298
27,316
637,957
4,948,063

647,516
237,304
120,007291,659△1,454
6,068
3,704
3,495
△5,1694,037
29,166
682,752
5,126,822

Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2020（2）

Consolidated Income Statements and Consolidated Comprehensive Income Statements
Consolidated Income Statements（Unit：million yen）

April 1,2019March 31, 2020)
Operating revenue
Electric utility operating revenue
Other business operating revenue
Operating expenses
Electric utility operating expenses
Other business operating expenses
Operating profit
Non-operating income
Dividend income
Interest income
Share of profit of entities accounted for using equity method
Other
Non-operating expenses
Interest expenses
Other
Total ordinary revenue
Total ordinary expenses
Ordinary profit
Provision or reversal of reserve for water shortage
Reversal of reserve for water shortage
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit (loss) attributable to owners of parent

2,013,050
1,800,189
212,860
1,949,236
1,751,766
197,469
63,813
16,954
1,511
837
9,247
5,357
40,71628,99011,7252,030,004
1,989,952
40,052△118△118
40,1706,953
31,64038,594
1,576
1,995
△419

-4-

April 1,2020March 31, 2021)
2,131,799
1,876,648
255,150
2,054,401
1,789,688
264,713
77,397
16,633
1,637
786
9,884
4,324
38,347
26,25812,0892,148,432
2,092,749
55,683△572△572
56,255
13,322
8,861
22,18334,071
1,904
32,167

Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2020

Consolidated Comprehensive Income Statements（Unit：million yen）

April 1,2019March 31, 2020)
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entit ies accounted for using equity method

Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests-5-

April 1,2020March 31, 2021)
1,576

34,071△1,776
5,121△923△6,362△588△4,530△2,954

1,064
3,470
302
23,889△35
28,691
62,763△4,861
1,906

60,4032,360

Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2020(3)

Consolidated Statements of Changes in Shareholders’ Equity

Previous consolidated fiscal year (April 1, 2019 to March 31, 2020)-6-

Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2020

Current consolidated fiscal year (April 1, 2020 to March 31, 2021)-7-

Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2020(4) Consolidated Statements of Cash Flows（Unit： million yen）
FY2019(April 1,2019March 31, 2020)
Cash flows from operating activities
Profit before income taxes
Depreciation
Decommissioning costs of nuclear power units
Amortization of special account related to nuclear power decommissioning
Amortization of nuclear fuelLoss on retirement of non-current assets
Increase (decrease) in retirement benefit liability
Increase (decrease) in reserve for fluctuation in water levels
Interest and dividend income
Interest expenses
Gain on sales of noncurrent assets
Share of loss (profit) of entities accounted for using equity method
Decrease (increase) in notes and accounts receivable - trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable - trade
Decrease/increase in consumption taxes receivable/payable
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of non-current assets
Proceeds from contribution received for construction
Payments of investment and loans receivableCollection of investment and loans receivable
Other, net
Net cash provided by (used in) investing activities-8-

FY2020(April 1,2020March 31, 2021)

40,170237,2649,450
2,056
24,105
4,874
793
△118
△2,34928,990△9,247△7,074
8,766△5,083273△35,473△43,713
253,686
8,337△29,208△5,963226,852

56,255
186,393
10,737
1,609
19,355
6,106
650
△572
△2,42426,258△9,884△22,565
12,51912,889△9,5697,641△17,062
278,338
8,422△25,986△7,315
253,459△425,054
38,444△58,525
14,0206,492△424,623△351,764
31,638△27,461
15,391
1,608△330,587

Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2020（Unit： million yen）

FY2019(April 1,2019March 31, 2020)
Cash flows from financing activities
Proceeds from issuance of bonds
Redemption of bonds
Proceeds from long-term borrowings
Repayments of long-term borrowings
Net increase (decrease) in short-term borrowings
Net increase (decrease) in commercial papers
Dividends paid
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Increase (decrease) in cash and cash equivalents resulting from merger of consolidated subsidiaries

Cash and cash equivalents at end of period-9-259,154△194,600
271,470△248,443
2,948
92,000△18,820△5,709157,999△16△39,787
245,273－
205,485

FY2020(April 1,2020March 31, 2021)
288,619△195,000
277,009△205,384
5,096△52,000△17,450△5,34095,549△72
18,350205,48565
223,901

Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2020(5) Notes on Consolidated Financial Statements(Note on the premise of going concern)
N/A(Changes in accounting policies that are difficult to distinguish from changes in accounting estimates)
Change in depreciation method for property, plant and equipment
The Company and its consolidated subsidiaries traditionally used the declining-balance method for calculating
depreciation of property, plant and equipment. From the fiscal year 2020, however, the company has resolved to adopt
the straight-line method of depreciation as a general rule.
For the Kyushu region, which is the main supply area of the Kyuden Group, it is expected that electricity demand in
the future will not increase dramatically, due to population decline and improving energy conservation and electricity
efficiency.
As a result of ongoing liberalization as part of the Electricity System Reform, achieving efficient and stable
operations becomes essential for our power generation and retail electricity business, as it faces an increasing
competitive environment. Similarly, our transmission and distribution company, which was created after the legal
separation in 2020, will steadily work on efficient and stable operations to provide stable electricity supply, while
ensuring neutrality.
When looking at the power generation business, Matsuura Power Station Unit 2 started commercial operation in
December 2019, which was the realization of a major power source development milestone. In addition, theinstallation work for Specific Safety Facilities at Sendai Nuclear Power Station has been completed. Unit 1 started
operation in November 2020 and Unit 2 in December 2020. Therefore when looking forward, it is expected that the
majority of future investments will consist of maintenance and management of existing power sources to ensure stable
operation. Regarding the power transmission and distribution business, in which the stable operation of the equipment
is expected in consideration of demand trends, supply reliability, safety and operation of the equipment, and cost.
In light of these changes, within the company and its surrounding environment, the Group’s medium-term
management plan, beginning from fiscal year 2020, positions efficient and stable operation of its facilities as one of its
key-priority initiatives.
Building on this foundation, it is expected that the stable use of facilities will take a prominent part in the electric
power business in the future, so changing the depreciation method for property, plant and equipment to the straight-line
method will better reflect the consumption pattern of future economic benefits.
As a result of this change, Ordinary profit and Profit before income taxes for FY2020 increased by 58,730 million
yen, respectively, compared to what they otherwise would have been had the previous method been applied.

- 10 -

Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2020(Segment information)(1) Overview of reportable segments
The Group’s reportable segments are those for which financial information is available separately and regular
evaluation by the Board of Directors is being performed in order to evaluate performance.
The Group comprises five reportable segments, “Power and Retail businesses”, “Transmission and Distribution
businesses”, “Other energy services businesses”, “ICT services businesses” and “Other businesses”, classified inconsideration of the types of products and business activities.
The main products and business activities belonging to each Reportable segment are described below.
Reportable segment
Power and Retailbusinesses
Transmission andDistribution
businesses
Other energy
services businesses
ICT services
businesses
Other businesses

Main products and business activities
Power generation and retail business in Japan
Power transmission and distribution business in Kyushu

Businesses that contribute to stable power supply, such as construction andmaintenance of electrical equipment, Gas / LNG sales business, renewable energy
business, overseas business
Data communication business, optical broadband business, telecommunications
construction and maintenance business, information system development business,data center business
Real estate business, paid nursing home business(2) Calculation method of sales, profits, assets and other items by Reportable segment
The accounting method of Reportable segment is similar to the Preparation of consolidated financial statements.
Reportable segment is based on operating income basis, and Inter-segment sales are based on market price.
(Change in depreciation method for property, plant and equipment)
As described in "Changes in accounting policy that are difficult to distinguish from accounting estimates," theCompany and its consolidated subsidiaries have changed the depreciation method for property, plant and equipmentfrom the declining-balance method to the straight-line method. Subsequently, the depreciation method for thereportable segments has been changed as well. As a result of this change, segment profit for the current consolidated
fiscal year increased by 36,374 million yen in the “Power and Retail businesses”, 22,992 million yen in the“Transmission and Distribution businesses”, 151 million yen in the “Other energy service business”, 1 million yen in“Other businesses”, and decreased by 789 million yen in “Reconciliation”.

- 11 -

Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2020(3) Information regarding sales, profits, assets and other items by Reportable segment
Previous consolidated fiscal year (April 1, 2019 to March 31, 2020)(Unit: millions of Yen)
Reportable segment
Reconciliation*1

Consolidated
financialstatements*2

2,013,050－

2,013,050

Energy services
Japanese
Other energy ICT services
electric power
services

Other

Total

Sales
Sales to outside customers

1,844,326

74,1584,069
1,848,395

Inter-segment sales
Total

81,005

13,559

119,81131,69015,292

170,863-170,863－

193,970

112,696

28,8512,183,913-170,863

2,013,050

Segment income

16,584

17,073

3,995

4,611

42,264-2,21240,052

Segment asset

4,230,126

535,988

190,967

181,174

5,138,256-190,193

4,948,063

227,214

10,624

22,692

3,648

264,179-2,810261,369

330

726

1

92

1,150

-312

837

23,720

5,155

207

220

29,303-312

28,990

－

9,523

-86

-42

9,395

-147

9,247

383,047

13,04925,691

5,341

427,130-5,398421,731

Other items
Depreciation (including
amortization of nuclear fuel)Interest income
Interest expenses
Share of profit (loss) of entities
accounted for using equity
methodIncrease in tangible fixed assets
and intangible fixed assets*1 Reconciliations of Segment income (¥-2,212 million) and Segment assets(¥-190,193 million) are intersegment
transaction eliminations.
*2 Segment income is adjusted to reflect ordinary income in the consolidated statements of incomes.
Current consolidated fiscal year (April 1, 2020 to March 31, 2021)(Unit: millions of Yen)
Reportable segment
Energy services
Japanese electric power
Transmission Other energy ICT services
Power and
andservices
RetailDistribution
businesses
businesses

Sales

Other

Total

Reconciliation*1

Consolidated
financialstatements*2

2,131,799

Sales to outside customers

1,777,340

191,316

67,47081,753

13,9182,131,799－

Inter-segment sales

113,474

407,974

117,858

33,262

15,567688,137-688,137－

1,890,815

599,290

185,328

115,016

29,4862,819,936-688,137

2,131,799

Total
Segment income
Segment asset-564

29,101

17,632

6,891

4,263

57,324-1,641

55,683

4,090,421

1,879,200

553,686

196,678

138,132

6,858,119-1,731,296

5,126,822

101,502

68,002

11,56323,1893,620

207,878-2,128205,749

Other items
Depreciation (including
amortization of nuclear fuel)Interest income
Interest expenses
Share of profit (loss) of entities
accounted for using equity
methodIncrease in tangible fixed assets
and intangible fixed assets

10,499

24

645

2

59

11,231-10,444786

22,156

10,055

4,094

187

209

36,702-10,444

26,258－－

10,27778-230

10,125

-241

9,884

208,932

108,026

16,063

21,171

4,843

359,037-3,143355,894*1 Reconciliations of Segment income (¥-1,641 million) and Segment assets (¥-1,731,296million) are intersegment
transaction eliminations.
*2 Segment income is adjusted to reflect ordinary income in the consolidated statements of incomes.
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Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2020

2. Others(1) Major effects of the Corona virus
RetailOrdinary profit

Consolidated Financial Results for
FY2020-2.0 billion kWh-21.0 billion yen

Consolidated Financial Results
Forecasts for FY2021-1.0 billion kWh-10.0 billion yen(2) Difference from the forecast for the fiscal year 2020
This is to inform you that there is a difference between the consolidated financial results for the fiscal year ending
March 2021 and the financial results forecast announced on March 2, 2021.
① Difference from the forecast for the fiscal year 2020（April 1, 2020 to March 31, 2021）
Sales

OperatingincomeOrdinary
incomeProfit attributableto owners ofparent(Unit: million yen)

(Unit: million yen)

(Unit: million yen)

(Unit: million yen)

(Unit: yen)(A)

2,130,000

60,00035,00022,00042.07(B)2,131,799

77,39755,68332,16763.57

Difference

(B-A)

1,799

17,397

20,683

10,167

－

Ratio

(%)

0.1

29.0

59.1

46.2

－

2,013,050

63,81340,052- 419

Forecast
previously
announced
Results(Reference)
Results for FY2019

EPS

-6.05

② Reasons for difference
The actual results for the fiscal year ending March 31, 2021 are higher from the previously announced forecast due togroup-wide efforts to reduce costs and improve income in response to the financial impact of the tight supply anddemand situation this winter and price hikes in the wholesale electricity trading market.

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