January 31, 2022
Company Name: Kyushu Electric Power Company Inc.
Name of Representative: Kazuhiro Ikebe
President & Chief Executive Officer(Code: 9508, First Section, Tokyo SE, Fukuoka SE)
Contact: Investor Relations Group, Corporate Strategy Division(Phone: +81-92-726-1575)

Revision of Financial Results Forecast for FY2021
We hereby announce that we have revised our financial results forecast for FY2021 (announced onOctober 29, 2021).
As for the year-end dividends for the FY2021, there is no change to the previous forecast (¥20 percommon 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

OperatingincomeOrdinary
incomeProfit attributableto owners ofparent(Unit: billion yen)

(Unit: billion yen)

(Unit: billion yen)

(Unit: billion yen)

(Unit: yen)

EPS

Forecast
previously
announced(A)1,640.000

100.000

70.00045.00090.69

Revised forecast(B)

1,700.000

70.00050.00025.00048.41

Difference(B-A)

60.000-30.000-20.000-20.000－Ratio

(%)

3.7

-30.0

-28.6

-44.4－1,521.977

76.89455.17931.835(Reference)
Results for FY2020

262.86

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 thefollowing 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 ¥50billion, 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 inpurchased 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 whichis recorded as an extraordinary loss.
(Reference: Key Factor)
Retail electricity sales
volumeWholesale electricity
sales volume
Total electricity Sales
VolumeCrude Oil CIF Price
Exchange Rate
Nuclear Power [Transmission-end](Capacity factor of nuclear power plants)

RevisedPreviously
announced

Difference78.9 billion kWh

78.8 billion kWh

0.1 billion kWh*17.1 billion kWh

16.1 billion kWh

1 billion kWh96.0 billion kWh

94.9 billion kWh

1.1 billion kWh

74 $/b71 $/b3 $/b112 ¥/$110 ¥/$2 ¥/$31.8 billion kWh(91.3%)

31.8 billion kWh(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“Enlighten Our Future”
KYUDEN GROUP’s Mission is to contribute toward
the realization of a comfortable and environment-friendly lifestyle
today and for generations to come.