Kinden : Performance for Fiscal Year Ended March 2024

Performance for

Fiscal Year Ended March 2024

May 16, 2024

Kinden Corporation

Contents

1.	Summary of Financial Results
	(1) Consolidated	P1
	(2) Non-Consolidated	P2
2.	Cash Flows (Consolidated)	P3
3.	Capital Investment (Consolidated)	P3
4.	Business Overview by Region (Domestic/Overseas)	P4
5.	Business Overview (Non-Consolidated)
	(1) Construction Orders
	 Construction Orders by Customer	P5
	 Construction Orders by Operation	P5
	 Renewal Construction (Excluding Power Distribution Lining)	P5
	 Construction Orders by Region	P6
	 Construction Orders by Operation
	(a) Power Distribution Lining	P7
	(b) Electrical (By Facility)	P7
	(c) Electrical (By Customer's Industry)	P7
	(d) Information & Communications Network	P8
	(e) Environmental Management Facilities (By Facility)	P8
	(f) Electric Power & Others	P8
	(2) Net Sales of Completed Construction Contracts
	 Sales of Completed Construction Contracts by Customer	P9
	 Sales of Completed Construction Contracts by Operation	P9
	 Renewal Construction (Excluding Power Distribution Lining)	P9
	 Sales of Completed Construction Contracts by Region	P10

• Net Sales of Completed Construction Contracts by Operation

	(a) Power Distribution Lining	P11
	(b) Electrical (By Facility)	P11
	(c) Electrical (By Customer's Industry)	P11
	(d) Information & Communications Network	P12
	(e) Environmental Management Facilities (By Facility)	P12
	(f) Electric Power & Others	P12
(3)	Contract Backlog by Operation at the End of Period	P13
(4)	Renewable Energy-related Construction	P13
(5)	Selling, General and Administrative Expenses	P14
(6)	Number of Employees	P14
6. Shareholders
(1)	Number of Shareholders by Type	P15
(2)	Major Shareholders	P15
7. Shareholder Returns
(1)	Dividends	P16
(2)	Acquisition of Treasury Stock	P16
8. ROE		P16

• The Company bases its forecasts on assumptions that are believed to be reasonable under information available at the time of the forecasts. Actual results may materially differ from these forecasts due to potential risks and uncertainties.
• Amounts less than one million were rounded down.

1. Summary of Financial Results

(1) Consolidated												(Millions of yen)
				Full year results						Forecasts
		FY2023		FY2024		Change		% Change		FY2025		Change		% Change
						(Forecast)
Net sales of completed construction contracts		609,132		654,516		45,384		7.5%		660,000		5,483		0.8%
Gross profit on completed construction contracts	99,025		107,581	8,555	8.6%		110,100	2,518	2.3%
Gross profit margin		16.3%		16.4%		0.1		-		16.7%		0.3		-
Selling, general and administrative expenses		61,595		64,903		3,308		5.4%		66,100		1,196		1.8%
Operating income	37,430		42,677	5,246	14.0%		44,000	1,322	3.1%
Operating income margin		6.1%		6.5%		0.4		-		6.7%		0.2		-
Ordinary income		40,243		45,982		5,738		14.3%		46,000		17		0.0%
Profit attributable to owners of parent		28,722		33,553		4,830		16.8%		34,000		446		1.3%
Profit per share (yen)	140.15		165.34	25.19				170.14	4.80
		As of		As of
		Mar. 31,		Mar. 31,
		2023		2024
Total assets		742,841		815,887
Total net assets		532,713		574,053
Equity ratio		71.6%		70.3%
Net assets per share (yen)		2,598.73		2,848.11

Net Sales of Completed Construction Contracts

700,000
600,000
500,000
400,000
300,000		566,794	609,132	654,516	660,000
556,273
200,000
100,000
0	FY2021	FY2022	FY2023	FY2024	FY2025
(Millions of yen)
				(Forecast)

Operating Income

Operating income margin

60,000						9.0%
50,000	7.7%					8.0%
	6.5%		6.5%	6.7%	7.0%
		6.1%
40,000						6.0%
30,000						5.0%
					4.0%
					44,000
	42,948			42,677
20,000	37,087	37,430		3.0%
					2.0%
10,000
					1.0%
0	FY2021	FY2022	FY2023	FY2024	FY2025	0.0%
(Millions of yen)					(Forecast)

Ordinary Income

Ordninary margin

60,000	8.1%					9.0%
					8.0%
50,000		7.1%		7.0%	7.0%
	6.6%	7.0%
40,000						6.0%
30,000						5.0%
					4.0%
				45,982	46,000
	44,794		40,243
20,000	39,977		3.0%
10,000						2.0%
					1.0%
0	FY2021	FY2022	FY2023	FY2024	FY2025	0.0%
(Millions of yen)				(Forecast)

Profit Attributable to Owners of Parent

Net profit margin

60,000					9.0%
50,000					8.0%
				7.0%
5.8%
				6.0%
40,000			5.1%	5.2%
	4.7%	4.7%	5.0%
30,000
				4.0%
20,000			33,553	34,000	3.0%
32,356
26,366	28,722		2.0%
10,000
				1.0%
0					0.0%
FY2021	FY2022	FY2023	FY2024	FY2025
(Millions of yen)				(Forecast)

1

1. Summary of Financial Results

(2) Non-Consolidated

		(Millions of yen)
Full year results		Forecasts

Construction orders

Net sales of completed construction contracts

Gross profit on completed construction contracts

Gross profit margin

Selling, general and administrative expenses

Operating income

Operating income margin

Ordinary income

Profit

Profit per share (yen)

Total assets

Total net assets

Equity ratio

Net assets per share (yen)

FY2023	FY2024
558,320	560,416
524,233	559,954
82,785	87,662
15.8%	15.7%
50,375	53,139
32,410	34,523
6.2%	6.2%
37,125	39,549
27,672	29,778
135.03	146.74
As of	As of
Mar. 31,	Mar. 31,
2023	2024
669,708	723,189
489,839	520,706
73.1%	72.0%
2,393.25	2,586.84

Change		% Change		FY2025		Change		% Change
		(Forecast)
2,095	0.4%	540,000	(20,416)	(3.6)%
35,721		6.8%		560,000		45		0.0%
4,876	5.9%		91,000	3,337	3.8%
(0.1)		-		16.3%		0.6		-
2,763		5.5%		54,000		860		1.6%
2,113	6.5%		37,000	2,476	7.2%
0.0		-		6.6%		0.4		-
2,424		6.5%		41,000		1,450		3.7%
2,105		7.6%		31,000		1,221		4.1%
11.71				155.13		8.39

Construction Orders

Net Sales of Completed Construction Contracts

600,000							600,000
500,000							500,000
400,000							400,000
300,000		525,998	558,320	560,416	540,000		300,000		524,233	559,954	560,000
	507,222		486,705	493,724
200,000							200,000
100,000							100,000
0	FY2021	FY2022	FY2023	FY2024	FY2025		0
		FY2021	FY2022	FY2023	FY2024	FY2025
(Millions of yen)				(Forecast)		(Millions of yen)				(Forecast)
Operating Income					Profit
50,000				Operating income margin	9.0%	50,000			Net profit margin	9.0%
	7.7%	7.1%			6.6%	8.0%						8.0%
40,000				7.0%	40,000					7.0%
		6.2%
			6.2%		6.4%
								5.5%
						6.0%		5.2%	5.3%	5.3%	6.0%
30,000						30,000
					5.0%					5.0%
20,000	37,496	35,136				4.0%	20,000					4.0%
	32,410	34,523	37,000	3.0%					3.0%
			31,065			29,778	31,000
					25,824	27,672
						2.0%				2.0%
10,000						10,000
						1.0%						1.0%
0						0.0%	0					0.0%
	FY2021	FY2022	FY2023	FY2024	FY2025		FY2021	FY2022	FY2023	FY2024	FY2025
(Millions of yen)					(Forecast)		(Millions of yen)				(Forecast)

2

2. Cash Flows (Consolidated)

(Millions of yen)

				Full year
		FY2021		FY2022		FY2023		FY2024
Profit before income taxes		47,427		39,444		42,709
	49,062
Depreciation	6,161	6,684	6,804		6,732
Decrease (increase) in notes and accounts receivable-trade	11,315	2,009	(23,023)		(17,725)
Decrease (increase) in costs on uncompleted construction	23	(1,438)	956		792
contracts
(13,687)	7,562	8,533		14,144
Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in advances received on uncompleted	5,877	(6,067)	9,713		4,710
construction contracts
1,419	(1,394)	(2,391)		(4,064)
Other
Income taxes paid	(15,199)	(13,847)	(13,149)		(15,130)
Net cash provided by (used in) operating activities		43,338		32,952		30,153		38,520
Purchase of property, plant and equipment	(4,689)	(5,425)	(28,710)
	(27,522)
Purchase of shares of subsidiaries	-	(4,550)	-		-
Decrease (increase) in short-term and long-term investment	(575)	65	1,923		6,710
securities
(581)	(67)	(606)		(1,368)
Other
Net cash provided by (used in) investing activities		(5,846)		(9,977)		(27,393)		(22,179)
Purchase of treasury stock	(11,052)	(4)	(464)
	(7,302)
Cash dividends paid	(6,896)	(7,480)	(7,788)		(8,458)
Other	671	(769)	(1,087)		(217)
Net cash provided by (used in) financing activities		(17,277)		(8,254)		(9,340)		(15,978)
	(76)	634	1,556
Effect of exchange rate change on cash and cash equivalents		678
Net increase (decrease) in cash and cash equivalents	20,137	15,355	(5,024)		1,040
Cash and cash equivalents at the end of period	169,146	184,501	179,477		180,517

50,000
	43,338
40,000			38,520
	32,952		30,153
30,000
20,000
10,000
0
(10,000)	(5,846)	(8,254)	(9,340)
(9,977)
(20,000)	(17,277)		(15,978)
		(22,179)
(30,000)			(27,393)

Net cash	Net cash	Net cash	Net cash	Net cash	Net cash	Net cash	Net cash	Net cash	Net cash	Net cash	Net cash
provided by	used in	used in	provided by	used in	used in	provided by	used in	used in	provided by	used in	used in
operating	investing	financing	operating	investing	financing	operating	investing	financing	operating	investing	financing
activities	activities	activities	activities	activities	activities	activities	activities	activities	activities	activities	activities
(Millions of yen)	FY2021		FY2022	FY2023			FY2024

3. Capital Investment (Consolidated)

(Millions of yen)

		FY2021		FY2022		FY2023		FY2024		Increase		FY2025
						(Decrease)		(Plan)
Land	396		496		10,280					(580)
9.0%	8.4%	34.9%		9,700	37.4%		3,500
Buildings and structures	1,258	28.5%	2,235	37.7%	16,007	54.3%		13,532	52.1%	(2,474)		3,300
Vehicles	1,960	44.4%	2,152	36.3%	2,339	7.9%		1,863	7.2%	(476)		2,400
Machinery, tools and fixtures		802	18.2%		1,050	17.7%		853	2.9%		857	3.3%		4		1,600
Total	4,417	100.0%	5,935	100.0%	29,480	100.0%		25,953	100.0%	(3,526)		10,800

Note: Lease assets are included.

3

4. Business Overview by Region (Domestic/Overseas)

																	(Millions of yen)
	Company		Area				New orders						Net sales
													Full year
					Full year	Change	Change
					FY2023	FY2024		Change	% Change	FY2023	FY2024	Change	% Change
Domestic
	Kinden Corporation			550,461		553,822	3,360	0.6%		518,660		553,120		34,459	6.6%
	Domestic subsidiaries
	Domestic subsidiaries related to Nishihara			34,041		39,726	5,684	16.7%		36,862		32,586		(4,275)	(11.6)%
	Engineering Company, Limited (2 companies)
	Domestic subsidiaries related to electrical			10,112		11,596	1,484	14.7%		9,729		10,510		780	8.0%
	business (5 companies)
	Domestic subsidiaries related to wind power			2,337		2,995	657	28.1%		2,337		2,995		657	28.1%
	generation business (2 companies)
	Other domestic subsidiaries (4 companies)			17,529		14,981	(2,547)	(14.5)%		15,901		17,381		1,480	9.3%
	Domestic subsidiaries total			64,021		69,300	5,279	8.2%		64,830		63,473		(1,356)	(2.1)%
	(13 companies)
	Domestic Total			614,482		623,122	8,639	1.4%		583,490		616,593		33,102	5.7%
	[Kinden + Domestic subsidiaries]
			Domestic	91.4%	91.0%						93.4%	92.1%
			ratio
Overseas
	Kinden Corporation	Asia	2,492		2,634	141	5.7%		2,286		2,510		223	9.8%
			Guam	5,322		3,960	(1,362)	(25.6)%		3,285		4,323		1,038	31.6%
			Other	43		0	(43)	(99.9)%		-		-		-
			areas
	Kinden (Overseas) total			7,858		6,594	(1,264)	(16.1)%		5,572		6,834		1,262	22.6%
	Overseas subsidiaries
	(6 companies)	Asia	31,966		37,981	6,015	18.8%		22,667		32,124		9,456	41.7%
	(2 companies)	Hawaii	18,106		16,947	(1,159)	(6.4)%		12,747		13,634		886	7.0%
	Overseas subsidiaries total			50,073		54,929	4,855	9.7%		35,415		45,758		10,343	29.2%
	(8 companies)
	Overseas Total	Asia	34,459		40,616	6,156	17.9%		24,954		34,634		9,680	38.8%
	[Kinden (Overseas) + Overseas subsidiaries]
			Hawaii and	23,429		20,907	(2,521)	(10.8)%		16,033		17,958		1,924	12.0%
			Guam
			Other	43		0	(43)	(99.9)%		-		-		-
			areas
			Total	57,932		61,523	3,591	6.2%		40,987		52,592		11,605	28.3%
			Overseas	8.6%	9.0%						6.6%	7.9%
			ratio
	Kinden + Subsidiaries Total			672,415		684,646	12,231	1.8%		624,478		669,186		44,707	7.2%
	(Before adjustment for inter-group transactions)

Overseas (New Orders by Region)

70,000
			57,932	61,523
60,000
50,000					Asia
			Asia
40,000		34,594	32,574
30,000
	Asia	Asia
20,000
	Hawaii and		Hawaii and	Hawaii and
10,000
	Hawaii and	Guam	Guam
	Guam
0		Guam
(Millions of yen) FY2021	FY2022	FY2023	FY2024

Overseas (Net Sales by Region)

70,000

60,000
				52,592
50,000
	39,264	37,294	40,987
40,000
				Asia
30,000
	Asia	Asia	Asia
20,000
10,000		Hawaii and	Hawaii and	Hawaii and	Hawaii and
0		Guam	Guam	Guam	Guam
	FY2021	FY2022	FY2023	FY2024
(Millions of yen)

Notes:

1. Domestic subsidiaries related to Nishihara Engineering Company, Limited (Nishihara Engineering Co., Ltd., Nishihara Construction Co., Ltd.) Domestic subsidiaries related to electrical business (Kinden Tokyo Service Company, Incorporated, Kinden Chubu Service Company, Incorporated, Kinden Kansai Service Company, Incorporated, Kinden Nishinihon Service Company, Incorporated, Daito Denki Kouji Co., Ltd.)
   Domestic subsidiaries related to wind power generation business (Shirama Wind Farm Co., Ltd., Shiratakiyama Wind Farm Co., Ltd.)
   Other domestic subsidiaries (Kinden Services Company, Incorporated, Kinden Shoji Company, Limited, KINDENSPINET CORPORATION, FEN Co., Ltd.)
2. Overseas subsidiaries:
   Asia (Kinden Vietnam Co., Ltd., Kinden (Thailand) Co., Ltd., P.T. Kinden Indonesia, Kinden Phils Corporation, Antelec Private Ltd., International Electro-Mechanical Services Co. (L.L.C.)) Hawaii (US Kinden Corporation, Wasa Electrical Services, Inc.)
3. As International Electro-Mechanical Services Co. (L.L.C.) became a consolidated subsidiary at the end of FY2020, its results have been included from the first quarter of FY2021. In addition, the company changed its fiscal year end from March 31 to December 31 in FY2022.
4. As FEN Co., Ltd. became a consolidated subsidiary from July 2021, its results have been included from the second quarter of FY2022.

4

5. Business Overview (Non-Consolidated)

(1) Construction Orders

(Millions of yen)

								Comparison to FY2023
FY2021		FY2022		FY2023		FY2024		Change	% Change		FY2025
					(Forecast)

• Construction Orders by Customer

The Kansai Electric Power Company,	70,256	74,405	82,079	84,416	2,337	2.8%		74,000
Incorporated*
The Kansai Electric Power Group	18,760	22,534	18,009	16,226	(1,783)	(9.9)%		15,000
Others	418,204	429,058	458,231	459,773	1,541	0.3%		451,000
[Public offices (Reissued)]	[13,478]	[15,557]	[16,067]	[12,294]	[(3,772)]	(23.5)%		―
Total	507,222	525,998	558,320	560,416	2,095	0.4%		540,000

* Includes Kansai Transmission and Distribution, Inc. from FY2021

Construction Orders by Operation

Power Distribution Lining	63,313	68,019	73,485	72,957	(527)	(0.7)%		72,000
Electrical	320,043	326,958	364,940	368,922	3,982	1.1%		353,000
Information & Communications Network	56,164	60,710	55,747	44,715	(11,032)	(19.8)%		40,000
Environmental Management Facilities	38,018	43,965	47,843	52,097	4,254	8.9%		50,000
Electric Power & Others	29,683	26,344	16,304	21,723	5,419	33.2%		25,000
Total	507,222	525,998	558,320	560,416	2,095	0.4%		540,000

Renewal Construction (Excluding Power Distribution Lining)

Electrical	138,017	142,849	146,684	153,994	7,310	5.0%
Information & Communications Network	22,853	23,839	22,109	15,960	(6,149)	(27.8)%
Environmental Management Facilities	9,941	7,637	9,506	10,618	1,111	11.7%
Electric Power & Others	7,491	5,776	8,426	11,066	2,639	31.3%
Total	178,303	180,102	186,727	191,640	4,912	2.6%		180,000

Construction Orders by Customer

500,000

400,000

300,000

200,000

100,000

0

The Kansai Electric Power Company, The Kansai Electric Power Group

(Millions of yen)

Incorporated*

FY2021

FY2022

FY2023

FY2024

FY2025 (Forecast)

Others

Construction Orders by Operation

400,000

300,000

200,000

100,000

0

Power Distribution	Electrical
Lining

(Millions of yen)

FY2021

FY2022

FY2023

FY2024

FY2025 (Forecast)

Information &	Environmental	Electric Power &
Communications	Management Facilities	Others
Network

5

5. Business Overview (Non-Consolidated)

Construction Orders by Region

(Millions of yen)

Comparison to FY2023

		FY2021		FY2022		FY2023		FY2024		Change		% Change		FY2025
								(Forecast)
Excluding Power Distribution Lining
Hokkaido and Tohoku	24,901	25,064	29,728		26,790	(2,937)	(9.9)%
Kanto and Tokyo metropolitan area	139,285	141,598	145,758		142,061	(3,696)	(2.5)%
Chubu	46,870	46,860	48,783		57,885	9,102	18.7%
Kinki	177,005	185,553	201,868		202,635	767	0.4%
Chugoku, Shikoku and Kyushu	47,788	51,257	50,838		51,491	652	1.3%
Overseas	8,058	7,644	7,858		6,594	(1,264)	(16.1)%
Power Distribution Lining	63,313	68,019	73,485		72,957	(527)	(0.7)%
Total	507,222	525,998	558,320		560,416	2,095	0.4%		540,000

250,000

200,000

150,000

100,000

50,000

0

Hokkaido and

Kanto and

Chubu

Kinki

Chugoku,

Overseas

Power

Tohoku

Tokyo

Shikoku and

Distribution

metropolitan

Kyushu

Lining

area

(Millions of yen)

(Excluding Power Distribution Lining)

FY2021

FY2022

FY2023

FY2024

6

5. Business Overview (Non-Consolidated)

Construction Orders by Operation

(a) Power Distribution Lining

(Millions of yen)

Comparison to FY2023

		FY2021		FY2022		FY2023		FY2024		Change		% Change		FY2025
								(Forecast)
The Kansai Electric Power Company,	60,912	65,453	69,711	69,787	76	0.1%	69,000
Incorporated
Other Power Distribution Lining	2,400	2,565	3,773	3,170	(603)	(16.0)%	3,000
Total	63,313	68,019	73,485	72,957	(527)	(0.7)%	72,000

Note:

"Other Power Distribution Lining" includes C.C.Box and Information Box, power distribution-related construction of The Kansai Electric Power Company, Incorporated, electric water heater installation, NTT telegraph pole installation, and others.

(b) Electrical (By Facility)

(Millions of yen)

Comparison to FY2023

		FY2021		FY2022		FY2023		FY2024		Change		% Change		FY2025
								(Forecast)
Office buildings	120,253	128,559	160,064		146,445	(13,618)	(8.5)%
Commercial and entertainment facilities	42,121	35,050	37,565		36,543	(1,022)	(2.7)%
Healthcare facilities	10,241	16,951	11,164		23,181	12,017	107.6%
Educational and cultural facilities	17,084	21,554	23,385		19,669	(3,715)	(15.9)%
Residences	3,744	2,422	1,812		2,550	737	40.7%
Factories	64,818	65,803	81,376		87,008	5,632	6.9%
Logistics facilities	42,099	32,061	29,008		26,533	(2,474)	(8.5)%
Others	12,967	16,737	11,010		17,634	6,624	60.2%
Interior constructions	6,710	7,819	9,550		9,355	(195)	(2.1)%
Total	320,043	326,958	364,940		368,922	3,982	1.1%		353,000

180,000

160,000

140,000

120,000

100,000

80,000

60,000

40,000

20,000

0

Office buildings Commercial and	Healthcare	Educational and	Residences	Factories	Logistics facilities	Others
	entertainment	facilities	cultural facilities
(Millions of yen)	facilities

FY2021

FY2022

FY2023

FY2024

Interior

constructions

(c) Electrical (By Customer's Industry)

(Millions of yen)

Comparison to FY2023

		FY2021		FY2022		FY2023		FY2024		Change		% Change		FY2025
								(Forecast)
Manufacturing	77,056	81,057	102,803		113,747	10,944	10.6%
Transport machines and equipment	10,777	10,680	16,671		20,608	3,937	23.6%
Electrical/precision machinery and	16,494	14,172	23,145		20,577	(2,568)	(11.1)%
instruments
Food	8,542	8,030	6,271		11,571	5,299	84.5%
Chemical	8,755	9,265	8,470		10,211	1,740	20.5%
Pharmaceutical	6,210	6,999	10,527		7,900	(2,627)	(25.0)%
Other manufacturing	26,277	31,909	37,715		42,878	5,162	13.7%
Service	52,323	47,099	57,688		58,695	1,006	1.7%
Real estate	60,572	44,447	57,833		41,696	(16,137)	(27.9)%
Transportation and communication	27,397	54,494	38,831		35,958	(2,872)	(7.4)%
Commerce	15,905	17,882	18,495		15,293	(3,201)	(17.3)%
Others	86,787	81,976	89,288		103,531	14,243	16.0%
Total	320,043	326,958	364,940		368,922	3,982	1.1%		353,000

120,000
100,000
80,000
60,000
40,000
20,000
0
Manufacturing	Service	Real estate	Transportation and	Commerce
(Millions of yen)			communication

FY2021

FY2022

FY2023

FY2024

Others

7

5. Business Overview (Non-Consolidated)

1. Information & Communications Network

(Millions of yen)

Comparison to FY2023

			FY2021		FY2022		FY2023		FY2024		Change		% Change		FY2025
									(Forecast)
	Instrumentation	4,150	4,125	7,043		4,867	(2,175)	(30.9)%		4,500
	LAN and others	7,129	6,573	7,777		5,954	(1,823)	(23.4)%		6,000
	Local area network total	11,280	10,699	14,821		10,821	(3,999)	(27.0)%		10,500
	Business communication networks by The	1,539	1,691	1,985		1,621	(363)	(18.3)%		1,500
	Kansai Electric Power Company, Incorporated
	Excluding The Kansai Electric Power
	Company, Incorporated
	FTTH and others	15,261	15,132	13,969		13,334	(635)	(4.5)%		12,700
	Mobile phone and others	17,029	18,337	16,561		14,485	(2,076)	(12.5)%		6,000
	CATV	7,383	11,690	3,929		3,129	(799)	(20.4)%		2,500
	Others	3,670	3,158	4,480		1,321	(3,158)	(70.5)%		6,800
	Broadband network total	44,884	50,010	40,926		33,893	(7,033)	(17.2)%		29,500
Total	56,164	60,710	55,747		44,715	(11,032)	(19.8)%		40,000

20,000
15,000
10,000
5,000
0
Instrumentation	LAN and others Business communication FTTH and others Mobile phone and others		CATV
												networks by The Kansai
												Electric Power Company,

(Millions of yen)	Incorporated

FY2021

FY2022

FY2023

FY2024

Others

(e) Environmental Management Facilities (By Facility)

(Millions of yen)

Comparison to FY2023

		FY2021		FY2022		FY2023		FY2024		Change		% Change		FY2025
								(Forecast)
Office buildings	6,963	6,808	6,660		12,552	5,891	88.5%
Commercial and entertainment facilities	8,849	14,112	13,971		7,925	(6,045)	(43.3)%
Healthcare facilities	3,185	2,491	2,547		2,153	(394)	(15.5)%
Educational and cultural facilities	5,676	2,531	8,156		5,577	(2,578)	(31.6)%
Residences	1,430	548	1,987		731	(1,255)	(63.2)%
Factories	5,104	5,499	6,247		7,885	1,638	26.2%
Logistics facilities	5,703	9,959	7,647		10,892	3,245	42.4%
Others	1,105	2,014	626		4,379	3,752	599.2%
Total	38,018	43,965	47,843		52,097	4,254	8.9%		50,000

15,000

10,000

5,000

0

Office buildings

Commercial and Healthcare facilities

Educational and

Residences

Factories

Logistics facilities

Others

entertainment

cultural facilities

(Millions of yen)

facilities

FY2021

FY2022

FY2023 FY2024

(f) Electric Power & Others

(Millions of yen)

Comparison to FY2023

		FY2021		FY2022		FY2023		FY2024		Change		% Change		FY2025
								(Forecast)
Overhead power lining	4,537	2,354	5,534		7,920	2,385	43.1%		2,000
Underground power lining	2,701	2,226	2,636		3,480	843	32.0%		500
Power plants and substations*	21,914	21,233	7,406		9,478	2,071	28.0%		21,500
Others	530	529	726		844	118	16.3%		1,000
Total	29,683	26,344	16,304		21,723	5,419	33.2%		25,000
* Includes solar and wind power plants, etc.
The Kansai Electric Power Company,	7,327	6,150	9,266		12,224	2,958	31.9%		3,500
Incorporated*
Others	22,355	20,193	7,037		9,498	2,460	35.0%		21,500
* Includes Kansai Transmission and Distribution, Inc. from FY2021

8,000

6,000

4,000

2,000

0

Overhead power lining

Underground power lining

Others

(Millions of yen)

FY2021	30,000	FY2021
20,000
FY2022	FY2022
FY2023	10,000	FY2023
FY2024	0	FY2024

Power plants and substations (including solar and wind power

(Millions of yen)

plants, etc.)

8