Note : This document has been translated from the Japanese original for reference purposes only. In the eventof any discrepancy between this translated document and the Japanese original, the original shall prevail.

Consolidated Financial Report [Japanese GAAP]
for the Nine Months Ended December 31, 2021
January 28, 2022
Kyudenko Corporation
Listing:
Tokyo Stock Exchange / Fukuoka Stock Exchange
1959
URL:
https://www.kyudenko.co.jp/
Naofumi Sato, Representative Director and President
Akira Shirouzu, Executive Officer,
Inquiries:
General Manager of Finance & Accounting Department
TEL:+81(0)-92-523-1239
Scheduled date to file quarterly securities report:
February 10, 2022
Scheduled date to commence dividend payments:－
Preparation of supplementary material on quarterly financial results : Yes
Holding of quarterly financial results briefing: None
Company name:Securities code:
Representative:(Yen amounts are rounded down to millions.)

1. Consolidated financial results for the nine months ended December 31, 2021
(From April 1, 2021 to December 31, 2021)(1) Consolidated operating results (cumulative)
Net sales
Nine months ended
December 31, 2021
Nine months ended
December 31, 2020
(Note) Comprehensive income(Percentages indicate year-on-year changes.)
Profit attributable toOrdinary income
owners of parent

Operating income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

241,283(9.5)

16,741(11.4)

19,402(7.3)

13,787(0.4)

266,597(4.7)

18,8980.7

20,940(0.6)

13,845(3.3)

Nine months ended December 31, 2021:
Nine months ended December 31, 2020:¥12,035 million (-28.8%)¥16,901 million (19.3%)

Profit per share
Nine months ended December 31, 2021
Nine months ended December 31, 2020

Diluted profit per share
Yen

Yen

194.62
195.43－－(2) Consolidated financial position
Total assets
As of December 31, 2021
As of March 31, 2021
(Reference) Equity

Net assets

Equity ratio

Millions of yen

Millions of yen%

348,168
366,532

226,593
221,741¥224,618 million¥219,807 million

64.5
60.0

As of December 31, 2021:
As of March 31, 2021:

2. Dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Yen

Yen

Yen

Year-end
Yen

Total
Yen

Year ended March 31 2021
50.00
－
－
Year ending March 31 2022
50.00
－
－
Year ending March 31 2022
(Forecast)(Note) Revisions to the forecast of cash dividends most recently announced: None

50.00

100.0050.00

100.003. Forecast of consolidated financial results of operations for the fiscal year ending March 31, 2022
(From April 1, 2021 to March 31, 2022)(Percentages indicate change from corresponding period of the previous fiscal year.)
Profit attributable to
Net sales
Operating income Ordinary income
Profit per shareowners of parent% Millions of yen%

Yen

Full year
410,000
4.6
35,0006.1
37,7005.0
25,500(Note) Revisions to the most recently announced consolidated earnings forecast: None

Millions of yen% Millions of yen% Millions of yen

1.8

359.94―1―

*Notes(1) Changes in significant subsidiaries during the period: None
(Changes in specified subsidiaries resulting in the change in scope of consolidation)(2) Adoption of accounting treatment specific to the preparation of quarterly
consolidated financial statements: Yes
Note: For details, see “Adoption of accounting treatment specific to the preparation of quarterly consolidated financial
statements” on p.7 of the attached materials.

(3) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: Yes(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(4) Number of issued shares (common stock)(i) Total number of issued shares atNine months ended
the end of the period (including
December 31, 2021
treasury stock)(ii) Number of treasury stock at the Nine months ended
December 31, 2021
end of the period(iii) Average number of shares
Nine months ended
outstanding during the period
December 31, 2021
(cumulative from the beginningof the fiscal year)

70,864,961shares

19,272shares

70,845,834sharesYear ended
March 31, 2021
Year ended
March 31, 2021
Nine months ended
December 31, 2020

70,864,961shares

19,025shares

70,846,049shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants
or an audit corporation.
* Proper use of consolidated earnings forecasts and other special matters
Forward-looking statements such as the earnings outlook included in these materials are based on information available
to the company at the time of their compilation and on certain assumptions that have been determined to be reasonable.
They do not constitute any commitment on the part of the company to achieve specific results. In addition, actual
performance and other results may diverge significantly from forecasts for a variety of reasons. For precautionary
information about the conditions that comprise the assumptions underlying earnings forecasts and about the use of
earnings forecasts, see “Explanation of consolidated earnings forecasts and other forward-looking information ” on p.2 of
the attached materials.

―2―

Attached materials ― Contents

1. Qualitative information related to this quarterly financial report ...................................................................................... 2(1)

Explanation of operating results ........................................................................................................................... 2(2)

Explanation of financial position ........................................................................................................................... 2(3)

Explanation of consolidated earnings forecasts and other forward-looking information ....................................... 2

2. Quarterly consolidated financial statements and principal notes .................................................................................... 3(1)

Quarterly consolidated balance sheet .................................................................................................................. 3(2)

Quarterly consolidated statement of income and quarterly consolidated statement of comprehensive income ... 5(3)

Notes on the quarterly consolidated financial statements..................................................................................... 7(Notes on the premise of a going concern)........................................................................................................... 7(Notes on noteworthy changes in shareholders’ equity) ....................................................................................... 7(Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements) .... 7(Changes in accounting policies) .......................................................................................................................... 7

3. Reference ....................................................................................................................................................................... 8
Overview of non-consolidated results ................................................................................................................... 8
4. Supplemental information ............................................................................................................................................... 9(1)

Breakdown of consolidated results by business segment and customer .............................................................. 9(2)

Breakdown of non-consolidated results by business segment and customer..................................................... 10―1―

1. Qualitative information related to this quarterly financial report(1) Explanation of operating results
Order volume during the nine months ended December 31, 2021, rose 5.4% from the corresponding period of theprevious fiscal year to ¥256,411 million thanks to efforts to earn targeted orders. Orders from general private-sector
customers exhibited particular strength.
Net sales fell 9.5% from the corresponding period of the previous fiscal year to ¥241,283 million. With regard togeneral facilities construction, a lack of progress posting sales due to a comparatively large number of the pecentageof-completion method projects in the initial stages of construction as well as delays in procurement stemming partiallyfrom the effects of supply shortages weighed on construction progress. With regard to solar power facility
construction, the construction balance fell from the corresponding period of the previous fiscal year due to factors
including a delay in the start of construction on a large project.
Operating profit fell 11.4% from the corresponding period of the previous fiscal year to ¥16,741 million. Factors
including a decline in sales pushed down profits despite progress in cost improvements over the corresponding periodof the previous fiscal year thanks to profit-improving measures.
Ordinary profit fell 7.3% to ¥19,402 million, while quarterly profit attributable to owners of parent fell 0.4% to ¥13,787
million.
With regard to the impact of the COVID-19 pandemic, we’re experiencing delays in the start of construction and in
progress on some large projects, but we have determined that those issues are not sufficiently pronounced at thispoint in time to necessitate a review of management policies or plans for the current fiscal year.
In addition, net sales fell ¥1,476 million due to the application of Accounting Standards for Revenue Recognition andother accounting standards.

(2) Explanation of financial position
Total assets fell ¥18,363 million (5.0%) from the end of the previous consolidated fiscal year to ¥348,168 million due
to factors including a decrease in completed construction contract accounts receivable.
Total liabilities fell ¥23,215 million (16.0%) from the end of the previous consolidated fiscal year to ¥121,574 million
due to factors including a decrease in construction contracts accounts payable.
Total net assets rose ¥4,852 million (2.2%) from the end of the previous consolidated fiscal year to ¥226,593 million
as posting of quarterly profit attributable to owners of parent offset cash dividend payments and a decrease invaluation difference on other available-for-sale securities.

(3) Explanation of consolidated earnings forecasts and other forward-looking information
There has been no change to the earnings forecast announced along with year-end financial results on April 28, 2021.

―2―2. Quarterly consolidated financial statements and principal notes(1) Quarterly consolidated balance sheet(Millions of yen)Previous fiscal year
As of March 31, 2021

Current 3rd Quarter
As of December 31, 2021

50,90546,856

130,705

93,993

AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable from completed
construction contracts and other
Costs of uncompleted construction contracts

5,910

17,657

Merchandise
Raw materials and supplies

1,040
14,5791,447
21,881Other
Allowance for doubtful accounts

9,451
(18)

9,234
(30)

212,574

191,040

Buildings and structures, net
Land32,33728,88732,512
29,488Other, net

19,472

18,297

Total property and equipment

80,69880,298Goodwill
Other

1,729

1,935
1,643

Total intangible assets

1,729

3,578

Investment securities
Long-term loans receivable

63,194
1,256

60,774411

Retirement benefit asset
Deferred tax assets

554
3,507

3,317
4,375

Other
Allowance for doubtful accounts

4,781(1,764)

5,375(1,004)

Total current assets
Fixed assets
Property and equipment

Intangible assets

Investments and other assets

Total investments and other assets
Total fixed assets
Total assets―3―

71,53073,249

153,957

157,127

366,532

348,168(Millions of yen)Previous fiscal year
Current 3rd Quarter
As of March 31, 2021 As of December 31, 2021
Liabilities
Current liabilities
Notes payable, accounts payable for construction contracts andotherElectronically recorded obligations
Short-term borrowings

63,55940,58023,593
1,774

26,396
1,978

Income taxes payable
Advances received on uncompleted construction contracts

7,145
15,381

2,196
19,443

60

4,887
202

Provision for bonuses
Provision for loss on construction contracts
Other

13,845

7,289

Total current liabilities

125,361

102,974

Long-term liabilities
Long-term borrowings

10,1408,882

Lease obligations
Provision for retirement benefits for directors (and other officers)

2,711
300

2,797
318

Retirement benefit liability
Other

4,051
2,225

4,064
2,537

Total long-term liabilities

19,42918,600144,790

121,574

Shareholders' equity
Share capital

12,561

12,561

Capital surplus
Retained earnings

12,987
195,601

12,987202,226(8)(9)

221,141

227,765

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

3,998
(381)

1,511
(410)

Foreign currency translation adjustment
Retirement benefit liability adjustments

105(5,057)266(4,514)

Total accumulated other comprehensive loss

(1,334)(3,147)

Total liabilities
Net assets

Treasury stock, at cost
Total shareholders’ equity
Accumulated other comprehensive income

Non-controlling interests
Total net assets
Total liabilities and net assets

―4―

1,933

1,974

221,741

226,593

366,532

348,168(2) Quarterly consolidated statement of income and quarterly consolidated statement of comprehensive
incomeQuarterly consolidated statement of income
Third quarterly consolidated cumulative accounting period(Millions of yen)Previous 3rd Quarter(From April 1, 2020 to
December 31, 2020)

Current 3rd Quarter(From April 1, 2021 to
December 31, 2021)

Net sales
Construction contracts
Other

256,720
9,877

232,863
8,419

Total net sales

266,597

241,283

Construction contracts
Other

222,650
7,083

200,805
5,914

Total cost of sales

229,734

206,719

Gross profit
Construction contracts

Cost of sales

34,07032,058

Other

2,793

2,505

Total gross profit

36,86334,563

Selling, general and administrative expenses

17,964

17,822

Operating income

18,89816,741

72
687

39
714

351

913

759
235

612
253

Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity
methodGain on investments in partnerships
Rent income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Extra retirement payments
Other
Total non-operating expenses

356

537

2,463

3,072

307

286

35
79

26
98

421

411

20,94019,402Gain on sales of fixed assets
Gain on sales of investment securities

3
10

4
782

Total extraordinary income

Ordinary income
Extraordinary income

13

787

Extraordinary losses
Loss on disposal and sales of fixed assets

121

112

Loss on sales of investment securities
Loss on valuation of investment securities

22
121

1
69

Penalty89-

Total extraordinary losses

354

184

Profit before income taxes

20,59920,004

Income taxes

6,732

6,173

Profit13,866

13,83121

43

13,845

13,787

Profit attributable to non-controlling interests
Profit attributable to owners of parent―5―

Quarterly consolidated statement of comprehensive income
Third quarterly consolidated cumulative accounting period(Millions of yen)Previous 3rd Quarter(From April 1, 2020 to
December 31, 2020)

Current 3rd Quarter(From April 1, 2021 to
December 31, 2021)

Profit13,866

13,831Other comprehensive income
Valuation difference on available-for-sale securities

2,645(2,478)

(125)
535

177
542

(20)

(37)

Foreign currency translation adjustment
Retirement benefit liability adjustments
Share of other comprehensive (loss) of entities
accounted for using equity method
Total other comprehensive income(loss)
Comprehensive income

3,034(1,796)

16,901

12,035

16,893

11,974

7

60

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests―6―(3) Notes on the quarterly consolidated financial statements(Notes on the premise of a going concern)
None(Notes on noteworthy changes in shareholders’ equity)
None(Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements)
Calculation of tax expenses
Tax expenses have been calculated by making a reasonable estimate of the effective tax rate after the applicationof tax effect accounting to pre-tax income for the consolidated fiscal year that includes the third consolidated
quarterly accounting period and then applying the effective tax rate used in that estimate to the pre-tax quarterly
income.
(Changes in accounting policies)(Application of Accounting Standards for Revenue Recognition and other accounting standards)
We applied the Accounting Standards for Revenue Recognition (Corporate Accounting Standard No. 29 of March
31, 2020; “Revenue Recognition Standards”) starting with the first quarterly consolidated accounting period,
requiring us to recognize funds that are expected to be received in return for a good or service as revenue at suchtime as control of the promised good or service is transferred to the customer.
Application of this standard has resulted in a change in the method used to recognize revenue. Previously, progressin construction served as the basis on which we recognized revenue received in connection with construction
contracts when the reliability of results for such progress was recognized. Under the new approach, in cases wherecontrol over goods or services is transferred to customers over a certain period of time, revenue is recognized overthat period as the obligation to transfer goods or services to the customer is fulfilled. Progress towards fulfillmentof obligations is measured based on the construction costs incurred by the last day of each reporting period as apercentage of total anticipated construction costs. In the event that we cannot reasonably estimate progress
towards the fulfillment of obligations but expect to recoup costs, we recognize revenue on a cost recovery basis.
Similarly, in the past we recognized some revenue from equipment sales and other sources in toto, but we have
now adopted a new approach in which net revenue is recognized based on the result of determining our role insupplying the good or service in question to each customer (whether we are acting as the primary supplier or an
agent).
With regard to our application of the Revenue Recognition Standards, we’re complying with the transitional
treatment described in the note to Paragraph 84 of the standard. As a result, we’ve applied the new accounting
policies starting with the balance at the beginning of the accounting period under review by adding (subtracting)the cumulative monetary effect of applying the new policies retroactively from the beginning of the first quarterly
consolidated accounting period to (from) retained earnings as of the beginning of the first quarterly consolidated
accounting period.
This process caused both net sales and cost of sales during the third quarterly consolidated cumulative accounting
period to fall ¥1,476 million, with the result that application of the new standard had no effect on operating profit,
ordinary profit, or quarterly profit before income taxes. However, application of the new standard did not affect thebalance of retained earnings at the beginning of the fiscal year under review.
Please note that in accordance with the transitional treatment described in Paragraph 28-15 of the AccountingStandard on Quarterly Financial Statements (Corporate Accounting Standard No. 12 of March 31, 2020), no
breakdown of revenue arising from contracts with customers during the third quarterly cumulative consolidated
accounting period of the previous fiscal year has been included.
(Application of Accounting Standards Related to Calculation of Market Value)
We have applied the Accounting Standards Related to Calculation of Market Value (Corporate Accounting Standard
No. 30 of July 4, 2019; “Market Value Standards”) since the first quarterly consolidated accounting period. In
keeping with the transitional treatment described in Paragraph 19 of the Market Value Standards and in Paragraph44-2 of the Accounting Standards Related to Financial Products (Corporate Accounting Standard No. 10 of July 4,2019), new accounting policies set forth by the Market Value Standards will continue to be applied in the future.
Those changes have had no effect on our quarterly consolidated financial statements.

―7―

3. Reference
Overview of non-consolidated results(Yen amounts are rounded down to millions.)
Non-consolidated financial results for the nine months ended December 31, 2021
(From April 1, 2021 to December 31, 2021)(1) Non-consolidated operating results (cumulative)(Percentages indicate year-on-year changes.)

Net sales
Millions of yen

Nine months ended
December 31, 2021
Nine months ended
December 31, 2020%

Operating income

Ordinary income

Millions of yen

Millions of yen%

Profit%Millions of yen%

209,874 (10.6)

13,251 (14.2)

15,313 (12.3)

11,062(7.7)

234,854

15,43817,461

11,981

(2.7)

(2.0)

Profit per share
Nine months ended
December 31, 2021
Nine months ended
December 31, 2020

(3.8)

(5.1)

Diluted profit
per share

Yen

Yen

156.10－169.08－(2) Non-consolidated financial position
Total assets
As of December 31, 2021
As of March 31, 2021

Net assets

Equity ratio

Millions of yen

Millions of yen%

312,845
332,457

189,222
187,67860.5
56.5

Note: This overview of non-consolidated operating results is provided for reference purposes only and as such does not fallwithin the scope of review of legally mandated disclosures.

―8―4. Supplemental information(1) Breakdown of consolidated results by business segment and customer(1) Net sales
Accounting periodBusiness segment
Power distribution line work

Nine months ended
December 31, 2020
(April 2020 to December 2020)
AmountAs percent of(millions of yen)
total
34,034
12.8

Nine months ended
December 31, 2021
(April 2021 to December 2021)
AmountAs percent of(millions of yen)total
31,785
13.2

Increase(Decrease)
Amount(millions of yen)
(2,248)Rate (%)(6.6)

Electrical work
HVAC and sanitaryfacility work
Total, facilities construction
business
Other businesses

141,660

53.1

126,41452.4(15,246)(10.8)

81,02630.4

74,66330.9(6,362)(7.9)

256,72096.3

232,863

96.5(23,857)

(9.3)

9,877

3.7

8,419

3.5

(1,457)(14.8)

Total

266,597(25,314)

(9.5)

100

241,283

100(2) Construction orders
Accounting periodBusiness segment
Power distribution line work
Electrical work
HVAC and sanitaryfacility work
Total

Nine months ended
December 31, 2020
(April 2020 to December 2020)
AmountAs percent of(millions of yen)total
34,874
14.3

Nine months ended
December 31, 2021
(April 2021 to December 2021)
AmountAs percent of(millions of yen)
total
32,379
12.6

Increase(Decrease)
Amount(millions of yen)
(2,494)Rate (%)(7.2)

120,350

49.5

131,68151.4

11,3309.4

88,13736.2

92,351

36.0

4,213

4.8

13,0495.4

243,362100

256,411100(3) Construction contract balance at end of period
Accounting periodBusiness segment
Power distribution line work
Electrical work
HVAC and sanitaryfacility work
Total

As of December 31, 2020

As of December 31, 2021

Increase(Decrease)
AmountRate (%)(millions of yen)(384)
(16.4)

Amount(millions of yen)
2,354

As percent of
total
0.5

Amount(millions of yen)
1,969

As percent of
total
0.5

310,64271.4

290,850

69.2(19,791)(6.4)

122,10728.1

127,342

30.3

5,235

4.3

(14,940)(3.4)

435,103100

420,162100(4) Construction sales by customer
Nine months ended
December 31, 2020
(April 2020 to December 2020)
AmountAs percent of
Customer(millions of yen)
total
Kyushu Electric Power Group*
33,48313.0
Accounting period

General customers

223,237

Total

256,720Nine months ended
December 31, 2021
(April 2021 to December 2021)
AmountAs percent of(millions of yen)total
31,80813.7

87.0

201,054100

232,863

Increase(Decrease)
Amount(millions of yen)
(1,674)86.3
100

Rate (%)(5.0)(22,182)(9.9)(23,857)(9.3)(5) Construction orders by customer
Nine months ended
December 31, 2020
(April 2020 to December 2020)
AmountAs percent of
Customer(millions of yen)
total
Kyushu Electric Power Group*
34,492
14.2
Accounting period

General customers

208,870

Total

243,362

Nine months ended
December 31, 2021
(April 2021 to December 2021)
AmountAs percent of(millions of yen)total
33,89013.2

85.8

222,521100

256,411

Increase(Decrease)
Amount(millions of yen)
(602)

86.8
100

Rate (%)(1.7)

13,651

6.5

13,0495.4(6) Full-year sales and construction order volume forecast for the fiscal year ending March 2022
Business segment
Power distribution line work
Electrical work
HVAC and sanitary facility work
Total, facilities construction business
Other businesses
Total

Sales (millions of yen)
46,000220,000
132,000
398,000
12,000410,000

Construction order volume (millions of yen)
46,000210,000
137,000
393,000*Kyushu Electric Power Group: Kyushu Electric Power Co., Inc., and Kyushu Electric Power Transmission and Distribution Co., Inc.

―9―

(2) Breakdown of non-consolidated results by business segment and customer(1) Net sales
Accounting periodBusiness segment
Power distribution line work
Electrical work
HVAC and sanitaryfacility work
Sub total

Nine months ended
December 31, 2020
(April 2020 to December 2020)
AmountAs percent of(millions of yen)total
32,641
13.9

Nine months ended
December 31, 2021
(April 2021 to December 2021)
AmountAs percent of(millions of yen)
total
30,633
14.6

Increase(Decrease)
Amount(millions of yen)
(2,008)Rate (%)(6.2)

132,477

56.4

116,23955.4(16,237)(12.3)

66,18428.2

59,653

28.4(6,531)(9.9)

231,303

98.5

206,526

98.4(24,777)(10.7)

Other businesses

3,550

Total

234,854

1.5

3,348

100

209,874

1.6
100

(201)

(5.7)

(24,979)(10.6)(2) Construction orders
Accounting periodBusiness segment
Power distribution line work
Electrical work
HVAC and sanitaryfacility work
Total

Nine months ended
December 31, 2020
(April 2020 to December 2020)
AmountAs percent of(millions of yen)total
32,782
15.7

Nine months ended
December 31, 2021
(April 2021 to December 2021)
AmountAs percent of(millions of yen)
total
30,916
13.9

Increase(Decrease)
Amount(millions of yen)
(1,865)Rate (%)(5.7)

106,571

51.0

119,315

53.5

12,74412.0

69,75533.3

72,714

32.6

2,958

4.2

13,837

6.6

209,109100

222,946100(3) Construction contract balance at end of period
Accounting periodBusiness segment
Power distribution line work
Electrical work
HVAC and sanitaryfacility work
Total

As of December 31, 2020
Amount(millions of yen)
1,144

As percent of
total
0.3

As of December 31, 2021

Increase(Decrease)

Amount(millions of yen)760

As percent of
total
0.2

Amount(millions of yen)
(384)

Rate (%)(33.6)

295,52375.0

276,783

72.7(18,740)(6.3)

97,43224.7

103,008

27.1

5,576

5.7

(13,548)(3.4)

394,100

100

380,552

100(4) Construction sales by customer
Nine months ended
December 31, 2020
(April 2020 to December 2020)
AmountAs percent of
Customer(millions of yen)
total
Kyushu Electric Power Group*
32,46014.0
Accounting period

General customers

198,843

Total

231,303

Nine months ended
December 31, 2021
(April 2021 to December 2021)
AmountAs percent of(millions of yen)total
30,89815.0

86.0

175,627

100

206,52685.0
100

Increase(Decrease)
Amount(millions of yen)
(1,562)Rate (%)(4.8)(23,215)(11.7)(24,777)(10.7)(5) Construction orders by customer
Nine months ended
December 31, 2020
(April 2020 to December 2020)
AmountAs percent of
Customer(millions of yen)
total
Kyushu Electric Power Group*
33,184
15.9
Accounting period

General customers

175,924

Total

209,109

Nine months ended
December 31, 2021
(April 2021 to December 2021)
AmountAs percent of(millions of yen)total
31,823
14.3

84.1

191,123100

222,946

85.7
100

Increase(Decrease)
Amount(millions of yen)
(1,361)(4.1)

15,1998.6

13,837

6.6*Kyushu Electric Power Group: Kyushu Electric Power Co., Inc., and Kyushu Electric Power Transmission and Distribution Co., Inc.

―10―

Rate (%)