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Press Releace
April 16, 2019
Kyushu Electric Power Co., Inc.
Revision of Forecasts of Financial Results for FY2018

　We hereby announce that we revised the previous forecasts of financial results for FY2018 announced on January 31, 2019.
　As for the forecast of dividends for FY2018, there is no change from the previous forecasts (a year-end dividend per common share is 15 yen, and an annual dividend is 30 yen).

1 Contents of revision

Revision of forecasts of the consolidated financial results for FY2018 (April 1, 2018 – March 31, 2019)

  Sales Operating
income 		Ordinary
income 		Profit attributable
to owners of
parent 		EPS
Previous Forecast (A) (Unit: million yen)
 2,025,000 		(Unit: million yen)
 105,000 		(Unit: million yen)
 80,000 		(Unit: million yen)
 55,000 		(Unit: yen)
 108.83
Revised Forecast (B) 2,015,000 85,000 50,000 30,000 56.00
Difference (B-A) - 10,000 - 20,000 - 30,000 - 25,000  
Ratio (%) - 0.5 - 19.0 - 37.5 - 45.5  
(Reference)
Results for FY2017 		1,960,359 103,123 73,678 86,657 175.56

Revision of forecasts of the non-consolidated financial results for FY2018 (April 1, 2018 – March 31, 2019)

  Sales Operating
income 		Ordinary
income 		Profit attributable
to owners of
parent 		EPS
Previous Forecast (A) (Unit: million yen)
 1,885,000 		(Unit: million yen)
 85,000 		(Unit: million yen)
 55,000 		(Unit: million yen)
 40,000 		(Unit: yen)
 77.08
Revised Forecast (B) 1,865,000 61,000 32,000 23,000 41.18
Difference (B-A) - 20,000 - 24,000 - 23,000 - 17,000  
Ratio (%) - 1.1 - 28.2 - 41.8 - 42.5  
(Reference)
Results for FY2017 		1,823,543 81,203 48,203 69,023 138.24

2 Reason of revision

　As for the consolidated financial forecasts for FY2018, in the electric power business, sales decreased due to a decrease in electricity sales to other companies because of warm winter. In addition, while we are making group-wide efforts to reduce costs, expenses increased by the loss due to the abandonment of the coal thermal power plant development in Sodegaura city, Chiba prefecture, and also the abandonment of investigation for new site of geothermal. Furthermore, it is expected that the loss regarding the overseas investment will be recorded in the energy related business. These are reasons of revision for the above.
　The non-consolidated forecasts for FY2018 were revised due to factors in the electric power business.

(Reference: Key Factor)

  Revised Previous
Electricity Sales Volume (billion kWh) 72.2 72.2
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