九州電力　Revision of the Interim and Year-end Financial Results Forecasts for FY2007 (Consolidated and Non-consolidated)

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October 16, 2007
Kyushu Electric Power Co., Inc.
Representative: Toshio Manabe, President
Stock Code: 9508
Listed on Tokyo Stock Exchange, Osaka Securities and Fukuoka Stock Exchange
Contact: Daisuke Makihara, Finance and Accounting Dept.
Tel: +81-92-761-3031

Revision of the Interim and Year-end Financial Results Forecasts for FY2007 (Consolidated and Non-consolidated)

Kyushu Electric Power Company Inc., has revised its interim and year-end financial forecasts for FY2007 (from April 1st, 2007 to March 31st, 2008) announced on July 31st, 2007 based on the recent business circumstances and its performance as below.

1. Revised Financial Forecasts
[Consolidated]
(1) Revision of the Interim Financial Forecasts (April 1st, 2007-September30, 2007)

(Unit: billion yen except per share data)

	Operating Revenues	Operating Income	Ordinary Income	Net Income	Net Income per Share
The Previous Forecast (A)	712	98	83	51	107.78 yen
The Revised Forecast (B)	731	73	58	35	73.97 yen
Difference (B – A)	19	25	25	16	33.81 yen
Changes (%)	2.7	25.5	30.1	31.4	31.4
FY2006 Actual Interim Result	713.2	127.2	108.8	66.7	141.10 yen

(2) Revision of the Year-end Financial Forecasts (April 1st, 2007-March 31st, 2008)

(Unit: billion yen except per share data)

	Operating Revenues	Operating Income	Ordinary Income	Net Income	Net Income per Share
The Previous Forecast (A)	1,438	152	119	74	156.39 yen
The Revised Forecast (B)	1,463	123	91	56	118.35 yen
Difference (B – A)	25	29	28	18	38.04 yen
Changes (%)	1.7	19.1	23.5	24.3	24.3
FY2006 Actual Result	1,408.3	155.1	118.5	659	139.37 yen

[Non-consolidated]
(1) Revision of the Interim Financial Forecasts (April 1st, 2007-September30, 2007)

(Unit: billion yen except per share data)

	Operating Revenues	Operating Income	Ordinary Income	Net Income	Net Income per Share
The Previous Forecast (A)	673	96	80	50	105.60 yen
The Revised Forecast (B)	692	71	55	34	71.81 yen
Difference (B – A)	19	25	25	16	33.79 yen
Changes (%)	2.8	26.0	31.3	32.0	32.0
FY2006 Actual Interim Result	676.8	122.5	105.0	64.8	137.00 yen

(2) Revision of the Year-end Financial Forecasts (April 1st, 2007-March 31st, 2008)

	Operating Revenues	Operating Income	Ordinary Income	Net Income	Net Income per Share
The Previous Forecast (A)	1,349	142	108	67	141.50 yen
The Revised Forecast (B)	1,376	114	80	49	103.48 yen
Difference (B – A)	27	28	28	18	38.02 yen
Changes (%)	2.0	19.7	25.9	26.9	26.9
FY2006 Actual Result	1,333.0	143.7	105.7	59.2	125.07 yen

2. The Reason for the Revision
Despite the steady increase in electricity sales volume, elevated fuel prices are projected to push up the fuel costs and consequently affect the financial performance.
[Non-consolidated Calculation Basis]

(Unit: billion kWh, $/b, \/$)

	Previous Forecasts (A)	Revised Forecasts (B)	Difference (B-A)
Electricity Sales Volume	<42.8> 85.5	<44.1> 87.3	<1.3> 1.8
Crude Oil (CIF) Price	<63> 63	<68> 70	<5> 7
Exchange Rate	<120> 120	<119> 120	<-1> ―

* Figures in < > are applied to interim forecasts
(Note)
* The above forecasts 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 forecasts.