Presentation Materials for Six-Months ended September 30, 2021

Presentation Materials

for Six-Months ended September 30, 2021

October 28, 2021

INDEX

Ⅰ ｜ Outline of Financial Results for Six-Months ended September 30, 2021

Summary of Financial Results

Summary of Financial Results by Segments

Electric Energy Output

(Reference) Impact of Accrued Income and Loss(Result)

Dividends

Summary of Forecast for FY2021

(Reference) Impact of Accrued Income and Loss (Forecast)

Ⅱ ｜ Reference Data: Financial Results

Consolidated Statements of Income

Consolidated Financial Standing

Consolidated Statements of Cash Flows

Forecast for FY2021 by Segments

Financial Indicators etc.

･･･････････････01

･･･････････････04

･･･････････････08

･･･････････････09

･･･････････････10

･･･････････････11

･･･････････････13

･･･････････････14

･･･････････････15

･･･････････････16

･･･････････････17

･･･････････････18

C o p y r i g h t © C h u b u E l e c t r i c P o we r C o . , I n c . A l l r i g h t s r e s e r v e d .

• Outline of Financial Results for Six-Months ended September 30, 2021

Note: The company's fiscal year (FY) is from April 1 to March 31 of the following year.

FY2021 represents the fiscal year begun on April 1, 2021, and ending on March 31, 2022.

2nd Quarter (2Q) represents six months period ended September 30, 2021.

Monetary amounts are rounded down to the nearest whole number of the units being used, while principal figures like electrical energy sold or electric energy output are rounded to the nearest unit.

C o p y r i g h t © C h u b u E l e c t r i c P o we r C o . , I n c . A l l r i g h t s r e s e r v e d .

Summary of Financial Results <1>

(Consolidated)

• Operating revenues: 1,160.4 billion yen

Operating revenues decreased by 291.4 billion yen compared with 2020/2Q, mainly due to an application of "Accounting Standards for Revenue Recognition" (-329.1 billion yen).

• Ordinary income: 63.6 billion yen

Ordinary income decreased by 82.8 billion yen compared with 2020/2Q, mainly due to an conversion of time lag income incurred by fuel cost adjustment system into loss (-101.0 billion yen [56.0 billion → -45.0 billion yen]) and competitive impacts in sales in Miraiz and an increase in power

procurement costs by increased prices in JEPX, in spite of an increase in income of LNG and coal trading business in JERA and an increase related to the impact of COVID-19 in 2020/2Q.

[Reference] Consolidated ordinary income excluding the effect of time lag: Approx. 109.0 billion yen (increased by approx. 19.0 billion yen compared with 2020/2Q)

・Operating revenues decreased for 2 consecutive years since 2020/2Q.

・Ordinary income decreased following 2017/2Q, for the first time in 4 years..

・We recorded decreased sales and decome following 2016/2Q, for the first time in 5 years.

						(Billion yen,%)
	2021/2Q		2020/2Q		Change
	(A)		(B)		(A-B)	(A-B)/B
Operating revenues	1,160.4	1,451.9		(291.4)	(20.1)
Operating income	54.0	104.4		(50.4)	(48.3)
Ordinary income	63.6	146.4		(82.8)	(56.5)
Net income attributable to owners of parent	42.6	114.6		(71.9)	(62.8)

(note) The number of consolidated subsidiaries ［change from the previous year in parenthesis］

2021/2Q: 54 subsidiaries (+18 company), 54 affiliates accounted for under the equity method (+6 companies)

1	C o p y r i g h t © C h u b u E l e c t r i c P o we r C o . , I n c . A l l r i g h t s r e s e r v e d .

Summary of Financial Results <2>

[Factors contributing to change in consolidated operating revenues]

1,150,000.0

1,40014,000.0

1,130,000.0

(Operating revenues decreased by 291.4 billion yen)

An application of Accounting Standards for Revenue Recognition(*)

(*)

-329.1

1451.9

（Billion yen）

1,20012,000.0

11,0001,100.0

Becoming a consolidated subsidiary of ES-CON

JAPAN Ltd.

31.1

Others

6.5

1,160.4

10,1,000.00

2

2020/2Q		2021/2Q
Operating
	Operating
Revenues	An increase in operating revenues excluding an application of
Revenues
	Accounting Standards for Revenue Recognition (approx. 37.6)

* The amount of impact included in 2020/2Q is reported.

C o p y r i g h t © C h u b u E l e c t r i c P o we r C o . , I n c . A l l r i g h t s r e s e r v e d .