We have calculated our divisional income and expenditure for fiscal year 2023 in accordance with the "Rules for Calculating Divisional Income and Expenditure of Deemed Retail Electricity Suppliers (Note) (Ministry of Economy, Trade and Industry Ordinance)."
- Deemed retail electricity supplier: The retail division of a former general electricity supplier such as our company
As a result, the net profit for the current period after tax was 8.9 billion yen for the specific demand sector (regulated sector) and 120.7 billion yen for the general demand sector (free sector).
Profits are allocated to capital investments necessary to ensure a safe and stable supply of electricity, to improving our financial base, and for dividends.
Departmental income statement
Kyushu Electric Power Co., Inc.
From April 1, 2023 to March 31, 2024
(Unit: 100 million yen)
|
Specific demand sector (8) |
General demand sector (9) |
Specific demand/non-general demand sector (10) |
total (11)=(8)+(9)+(10) |
|
|
Electricity business revenue (1) |
3,130 |
12,413 |
1 |
15,545 |
|
Electricity business expenses (2) |
3,021 |
10,902 |
22 |
13,946 |
|
Non-electricity business revenue (3) |
2 |
― |
487 |
489 |
|
Non-electricity business expenses (4) |
― |
― |
468 |
468 |
|
Pre-tax net income or loss (5)=(1)-(2)+(3)-(4) |
111 |
1,510 |
-2 |
1,620 |
|
Corporate Tax (6) |
22 |
303 |
0 |
326 |
|
Net income or loss (7)=(5)-(6) |
89 |
1,207 |
-2 |
1,294 |
|
Electricity business profits (12)=(1)-(2) |
108 |
1,510 |
-20 |
1,598 |
|
Electricity business profit margin (13)=(12)/(1) |
3.5% |
12.2% |
― |
10.3% |
- The breakdown and total may not match because figures are rounded down to the nearest 100 million yen.
- The specific demand/general demand non-sector includes incidental business operating income/expenses, non-business income/expenses, and idle facility expenses.
- Electricity business revenue (1) includes financial revenue and excludes electricity sales to other companies, etc.
- Electricity business expenses (2) include electricity business financial expenses, electricity sales fees to other companies, etc.
For information on the electricity volume and fee revenues of the specific demand sector, please see here.
(Unit: 100 million yen)
|
Specific demand sector (regulated sector) |
Company-wide total |
||||||
|
Achievements ① |
Cost ② |
difference ①－② |
Achievements ③ |
Cost ④ |
difference ③－④ |
Main factors behind changes |
|
|
Labor costs |
144 |
364 |
-219 |
607 |
1,095 |
-487 |
Decrease due to the spin-off of Kyushu Electric Power Transmission and Distribution Distribution Co., Ltd. |
|
Fuel costs (Supplementary Note 1) |
624 |
499 |
124 |
3,769 |
2,605 |
1,163 |
Increase due to rising fuel prices, etc. |
|
Repair costs |
188 |
642 |
-454 |
899 |
1,792 |
-893 |
Decrease due to the spin-off of Kyushu Electric Power Transmission and Distribution Distribution Co., Ltd. |
|
Depreciation |
210 |
561 |
-351 |
993 |
2,155 |
-1,162 |
Decrease due to the spin-off of Kyushu Electric Power Transmission and Distribution Co., Ltd. Decrease due to change in depreciation method |
|
Purchased electricity fee |
393 |
422 |
-29 |
2,279 |
2,004 |
274 |
Increase in electricity purchase costs due to rising fuel prices, etc. |
|
Public taxes and dues |
75 |
218 |
-142 |
362 |
917 |
-554 |
Decrease due to the spin-off of Kyushu Electric Power Transmission and Distribution Distribution Co., Ltd. |
|
Other Expenses (Supplementary Note 2) |
1,723 |
957 |
765 |
7,029 |
3,401 |
3,628 |
Increase in connection service wheeling charges due to the spin-off of Kyushu Electric Power Transmission and Distribution Co., Ltd. |
|
Electric utility operating expenses |
3,359 |
3,667 |
-308 |
15,941 |
13,972 |
1,968 |
|
- The breakdown and total may not match because figures are rounded down to the nearest 100 million yen.
- The actual figures shown are for Kyushu Electric Power Power Co., Inc. only (excluding figures for Kyushu Electric Power Transmission and Distribution Co., Ltd.)
- Public taxes: business tax, property tax, miscellaneous taxes, water usage fees
|
Achievements (a) |
Cost (b) |
Difference (a b) |
|
|
exchange rate (yen/$) |
145 |
113 |
32 |
|
CIF Crude Oil Price ($/b) |
86 |
77 |
9 |
|
Nuclear power utilization rate (％) |
91 |
82 |
9 |
- Dissemination and development-related expenses
We are engaged in public relations activities to gain your understanding and cooperation with our business activities related to the electricity business and energy in general, such as disseminating information about our efforts to promote renewable energy, nuclear power generation, and electrification toward achieving carbon neutrality.
In addition, to ensure that customers can use electricity comfortably, safely and economically, we are promoting electrification, providing information on energy conservation, and promoting our rate menus.
(FY2023 actual: approx. 4.5 billion yen)
We spend 2.2 billion yen on public relations activities related to our business activities in general, and 2.2 billion yen on promoting electrification, providing information on energy conservation, and promoting our rate menu.
- Donations
We are promoting community and social coexistence activities with the aim of creating attractive communities, nurturing the next generation, and working to solve local and social issues.
We also believe that the understanding and cooperation of our customers, local communities, and society at large is essential to running our electric power business smoothly and ensuring a stable supply of electricity.
When making expenditures, we give careful consideration to the necessity of donations and the appropriateness of the amount from the perspective of contributing to the public interest and to the local community and society.
(FY2023 actual amount: approx. 300 million yen)
Designated donations (Note 1) or donations to specified public interest corporations (Note 2) We are spending the following:
- Donations to public interest corporations and other organizations that are collected widely from the public, contribute to the promotion of education and science, the advancement of culture, and contributions to social welfare, and are designated by the Minister of Finance as being certain to be used for urgent needs.
- Donations made to public corporations and public interest corporations that are designated by government ordinance as making significant contributions to the promotion of education and science, the improvement of culture, and contributions to social welfare, and are related to the main purpose and business of the corporation.
- Group Fee
We are members of local economic organizations and other organizations aimed at regional development, which contribute to the smooth operation of our business.
We have joined electricity industry-related organizations based on the fact that it is more efficient for the industry as a whole, rather than for our company to tackle common issues concerning the electricity industry as a whole, and that it enables us to collect useful information effectively, and we believe that these are necessary for the stable supply of electricity.
(FY2023 actual: approx. 1.3 billion yen)
We have spent 1 billion yen on expenses to organizations related to the electric power industry, such as the Federation of Electric Power Companies of Japan and the Japan Electric Association, and 300 million yen on expenses to regional economic organizations and other organizations with the aim of regional development, etc.
Please click here for details on our efforts to improve management efficiency.
We announced our financial forecast for fiscal year 2024 on April 30, 2024. We have now calculated our income and expenditure forecast for the specific demand sector (regulated sector), which we are announcing in accordance with the Electricity Rate Information Disclosure Guidelines.
For fiscal year 2024, although sales will increase, consolidated net income is expected to be approximately 80 billion yen, and regulated division net income is expected to be approximately 9 billion yen, due to factors such as a reduction in the timing difference gain from fuel cost adjustments and an increase in purchased electricity costs.
Profits will be used for capital investments necessary to ensure a safe and stable supply of electricity, improving our financial base, and for dividends.
Future electricity rates for regulated sectors will be determined after taking into consideration a comprehensive range of factors, including fuel price trends, the impact of rising prices on labor costs and equipment prices, the income/expense and financial situation, and the status of efforts to improve management efficiency.
