Kyushu Electric Power Company Inc., has announced the financial forecasts for the six months of FY2011 (from April 1st, 2011 to September 30th, 2011) which was undetermined in "The 1st Quarter of the Fiscal Year Ending March 31, 2012 Financial Results Overview" announced on July 27th, 2011.
1. Forecast for financial results for the six months of FY2011
[Consolidated]
Forecast for the six months Financial Results (April 1st, 2011-September 30th, 2011)
| |
Sales
(million yen) |
Operating Income
(million yen) |
Ordinary Income
(million yen) |
Net Income
(million yen) |
EPS
(yen) |
| The Previous Forecast (A) |
－ |
－ |
－ |
－ |
－ |
| The Revised Forecast (B) |
740,000 |
-11,000 |
-23,000 |
-16,000 |
-33.83 |
| Changes in Amount (B–A) |
－ |
－ |
－ |
－ |
－ |
| Rate of Changes (%) |
－ |
－ |
－ |
－ |
－ |
The six months of FY2010
Actual Results |
736,781 |
76,192 |
57,258 |
21,836 |
46.16 |
[Non-Consolidated]
Forecast for the six months Financial Results (April 1st, 2011-September 30th, 2011)
| |
Sales
(million yen) |
Operating Income
(million yen) |
Ordinary Income
(million yen) |
Net Income
(million yen) |
EPS
(yen) |
| The Previous Forecast (A) |
－ |
－ |
－ |
－ |
－ |
| The Revised Forecast (B) |
696,000 |
-16,000 |
-30,000 |
-20,000 |
-42.26 |
| Changes in Amount (B–A) |
－ |
－ |
－ |
－ |
－ |
| Rate of Changes (%) |
－ |
－ |
－ |
－ |
－ |
The six months of FY2010
Actual Results |
690,148 |
71,671 |
54,030 |
20,224 |
42.73 |
2. Reason for announcement and Qualitative information regarding forecasts for the consolidated operating performance
Kyushu Electric Power has announced the financial forecasts for the six months ended September 30, 2011 by calculation mainly based on prospects for trends in electrical power supply and demand of the first half.
Consolidated sales is expected to be the same level as the six months of FY2010, affected by the business performances in electricity business mainly because of increased charge unit price due to the effect of fuel cost adjustment system in spite of decreased electricity sales volume. The ordinary profit-and-loss and the net profit-and-loss are expected to be in the red, affected by the business performances in electricity business because of the influence of the deferred resumption of the operations of reactors of our nuclear power stations and the increase of thermal fuel costs and costs for power purchases mainly due to the rise of fuel prices.
Our year-end financial results forecasts for FY2011 are undetermined given the difficulty of assessing trends in electrical power supply and demand of the second half because it is still uncertain regarding the schedule for the resumption of the operations of reactors of our nuclear power stations. We will promptly inform you of our forecasts when it is possible for us to make them.
(Reference) Key fundamentals of forecast for the six months Financial Results
Electricity sales volume : 43.0 billion kWh (Rate of Changes from the six months of FY2010 -2.1%),Crude oil (CIF) price : 115 $/b, Exchange rate : 80 \/$
Disclaimer
Statements made herein regarding Kyushu Electric Power Company's forecasts are based on management's assumptions and beliefs in light of information currently available. Owing to various uncertainties, actual results may differ materially from these statements.
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