October 31, 2022
The 2nd Quarter of the Fiscal Year Ending March 31, 2023 Financial Results Overview 〔 Japan GAAP 〕（ Consolidated）

Kyushu Electric Power Co., Inc.
Stock code: 9508 URL: https://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
Quarterly financial report submission date (plan): November 11, 2022
Date to start dividend payments: －Preparation of supplementary materials for quarterly financial results: Yes
Information meeting for quarterly financial results: Yes(Rounded down to the nearest million yen)

1. Consolidated Financial Results for the Three Months (April 1, 2022 to September 30, 2022)(1) Consolidated Operational Results(% shows the changes from the same quarter period of the previous FY)

SalesOperating profit(Unit: million yen)

April 1, 2022 - September 30, 2022
April 1, 2021 - September 30, 2021(%)

1,010,682
771,501(Unit: million yen)

31.0
5.7(Note) Comprehensive income : FY2022 1Q -12,555 million yen ( - %)Profit attributable toowners of parent(Unit: million yen)

April 1, 2022 - September 30, 2022
April 1, 2021 - September 30, 2021

Ordinary profit(%)(Unit: million yen)－-75,699
76,495 -15.9(%)－-77,861
65,745 -20.3

FY2021 1Q 21,514 million yen (44.7%)

EPS

Fully-diluted EPS(%)(Unit: yen)

(Unit: yen)－-47,676
45,372 -28.0-103.07
93.71

82.93

－(Note) Fully-diluted EPS for FY2022 2Q is not indicated because there are no delutive potential shares(2) Consolidated Financial Position
Total assets

Net assets

Shareholders' equity ratio(Unit: million yen)

(Unit: million yen)(%)

5,597,503
5,342,350

650,764
676,337

11.0
12.1

As of September 30, 2022
As of March 31, 2022

(Reference) Shareholders' equity : As of September 30, 2022 : 616,781 million yen

As of March 31, 2022: 645,497 million yen

2. Dividends
Annual dividends per share

FY2021 ended March 31, 2022
FY2022 ended March 31, 2023
FY2022 ending March 31, 2023
(forecast)

1Q

2Q3Q

Year-end

Total(Unit: yen)

(Unit: yen)

(Unit: yen)

(Unit: yen)

(Unit: yen)

――

20.00
0.00

―

―

20.00

―

40.00

―

(Note) Revision of the devidend forecast : NoThe dividends for FY2022 have not been decided yet.We will provide an update as soon as it is possible to makea sufficiently reliable forecast of the dividends for FY2022.
Dividends mentioned the above are regarding common shares. See 'Dividends for Class Shares' regarding
dividends for class shares which differ in shareholders' right from common shares.

3. Consolidated Financial Results Forecasts for FY2022 (April 1, 2022 to March 31, 2023)
Both forecast for Sales and Ordinary Income have not been decided yet because of the uncertain
outlook regarding fuel prices and the recent fluctuations in foreign exchange rates caused by theRussia-Ukraine crisis, and the uncertainty in ascertaining winter supply and demand trends. We will
provide an update as soon as it is possible to make a reliable forecast of Financial Results forFY2022.

※ Note(1)Changes in significant subsidiaries : No(changes in scope of specified subsidiaries)
Newly added: －Excluded: －(2) Adoption of methods specific in preparing quarterly consolidated financial statements in accounting practice : No(3) Changes in accounting principles, changes in accounting estimates, restatement① Changes in accounting principles in line with revised accounting standards : Yes② Changes in accounting principles other than ① : No
③ Changes in accounting estimates : No
④ Restatement : No(Note) For details, see "(3) Notes on Quarterly Consolidated Financial Statements :Changes in accounting policies on Page 6.

(4) Number of common stocks issued and outstanding① Total stocks including treasury stocks at the end of period
FY2022 2Q 474,183,951 shares
FY2021 474,183,951 shares② Treasury stocks at the end of period
FY2022 2Q 1,412,654 shares
FY2021 1,463,267 shares③ Average number of stocks during the period (Quarter Total)
FY2022 2Q 472,736,615 shares
FY2021 2Q 472,979,325 shares(Note) The number of our shares regarding "Board Benefit Trust (BBT)" held by the Trust was included in the number of treasurystocks at the end of period ( 842,000 shares as of FY2022 2Q and 897,000 shares as of FY2021) . In addition, the numberof our shares held by the Trust was included in the number of treasury stocks, which was to be deducated from the calculationof the average number of stocks during the period. ( 879,000 shares for FY2022 2Q and 646,000 share for FY2021 2Q)*Quarterly financial results is not the object of quarterly review.
*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, theactual result may differ from these statements.
We will post supplementary materials for quarterly 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
FY2021 ended March 31, 2022
FY2022 ended March 31, 2023
FY2022 ending March 31, 2023
(forecast)

1Q

2Q(Unit: yen)

(Unit: yen)――

Annual dividends per share
3Q
Year-end

1,050,000.00
0.00(Unit: yen)――Total(Unit: yen)

(Unit: yen)

1,050,000.00

2,100,000.00――(Note 1) Revision of the dividend forecast : No(Note 2) The dividends for FY2022 have not been decided yet.We will provide an update as soon as it is possible to make asufficiently reliable forecast of the dividends for FY2022.

Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2022 2Q○Table of Contents of Attached Material

1. Quarterly Consolidated Financial Statements and Notes ・・・・・・・・・・・・・・・・・

2(1) Quarterly Consolidated Balance Sheets ・・・・・・・・・・・・・・・・・・・・・・ 2(2) Quarterly Consolidated Income Statements
and Quarterly Consolidated Comprehensive Income Statements ・・・・・・・・・・・・ 4(3) Notes on Quarterly Consolidated Financial Statements ・・・・・・・・・・・・・・・・ 6(Notes on the premise of going concern)・・・・・・・・・・・・・・・・・・・・・ 6(Notes in case of drastic changes in the amount of equity)・・・・・・・・・・・・・・・ 6(Changes in accounting policies)

・・・・・・・・・・・・・・・・・・・・・・・・・6-1-Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2022 2Q

1. Quarterly Consolidated Financial Statements and Notes(1) Quarterly Consolidated Balance Sheets
As of March 31, 2022
AssetsNon-current assets
Electric utility plant and equipment
Hydroelectric power production facilities
Thermal power production facilities
Nuclear power production facilities

4,610,160
2,692,039
260,131250,797547,791
21,203
22,537568,024
226,268
655,095
130,080
10,110416,994673,257
538,837
39,544
94,874
222,399
36,262
186,136
605,469
246,352
26,623
140,727
193,114△1,348732,189
261,660
177,827
101,699
195,979△4,977
5,342,350

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, and contract assets

Inventories
Other
Allowance for doubtful accounts
Total assets-2-（Unit：million yen）
As of September 30, 2022

4,674,457
2,794,056
271,290
237,846
538,185
20,67021,640676,456
232,510
656,972
128,409
10,072
421,440
582,827
443,516
37,293102,017215,464
46,819168,645
660,668
267,072
27,642
161,481
205,768△1,296923,046
263,061
227,493
184,476
251,498△3,483
5,597,503

Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2022 2Q

As of March 31, 2022
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 surplusRetained 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 September 30, 2022

3,582,972
1,399,999
1,737,265
85,946289,103
12,89957,7581,075,425
399,638
120,810－142,614
19,798392,5647,613
7,613
4,666,012

3,716,219
1,535,100
1,733,976
83,134
292,885
17,08454,0391,223,036
424,363
127,830
224,000
132,384
19,772
294,6857,483
7,483
4,946,738

632,987
237,304
120,006
277,382△1,706
12,5094,104
4,723△1,383
5,066
30,840676,337
5,342,350

574,839
237,304
120,006
219,177△1,64941,941
5,482
21,112
10,702
4,644
33,982650,764
5,597,503

Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2022 2Q(2) Quarterly Consolidated Income Statements and Quarterly Consolidated Comprehensive Income Statements(Quarterly Consolidated Income Statements)（ Unit：million yen）
April 1,2021September 30, 2021
Operating revenue
Electric utility operating revenue
Other business operating revenue
Operating expenses
Electric utility operating expenses
Other business operating expenses
Operating profit (loss)
Non-operating income
Dividend income
Interest income
Gain on sale of goods
Foreign exchange gains
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 (loss)
Provision or reversal of reserve for water shortage
Reversal of reserve for water shortage
Extraordinary income
Gain on sale of securities
Profit (loss) before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit (loss)
Profit attributable to non-controlling interests
Profit (loss) attributable to owners of parent-4-771,501
645,168
126,332
695,005
575,587
119,417
76,495
6,240
532
423
580
170
2,388
2,144
16,99012,4304,559
777,741
711,996
65,745△5△5－－
65,7509,458
10,053
19,511
46,238866
45,372

April 1,2022September 30, 20221,010,682
892,139
118,542
1,086,381
974,791
111,589△75,699
14,610
698
544
3,781
3,477
3,826
2,280
16,772
12,734
4,037
1,025,292
1,103,154△77,861△130△130
11,28011,280△66,451
2,427△21,903△19,476△46,975701△47,676

Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2022 2Q(Quarterly Consolidated Comprehensive Income Statements)（Unit：million yen）

April 1,2021September 30, 2021
Profit (loss)
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, net of tax

46,238163△432,316
△227
1,363
3,572
49,810Share of other comprehensive income of entities accounted for using equity method

Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent

49,018792

Comprehensive income attributable to non-controlling interests-5-

April 1,2022September 30, 2022

△46,975
1,294
12,683
9,343
△487
6,794
29,628△17,346△18,244897

Kyushu Electric Power Co., Inc. (9508)
Financial Results Overview for FY2022 2Q(3) Notes on Quarterly Consolidated Financial Statements(Notes on the premise of going concern)
N/A(Notes in case of drastic changes in the amount of equity)
N/A(Changes in accounting policies)
We have applied "ASBJ Guidance No. 31 Implementation Guidance on Accounting Standard for Fair Value
Measurement" as of the start of the first quarter of the current fiscal year, beginning April 1st, 2022.
The new accounting policy is applied prospectively in accordance with the transitional treatment as
described in Paragraph 27-2 of the Standard.
The impact of this change is minimal.

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