Chugoku Electric Power : Supporting Document of FY2024-1Q Financial Results

Supporting document of

FY2024-1Q financial results

The Summary of

Financial Results for FY2024-1Q

(April 1 through June 30, 2023)

The Chugoku Electric Power Co., Inc.

July 28, 2023

In this report, the term Fiscal Year 2024 refers to the period between April 1, 2023 and March 31, 2024.

Contents

Ⅰ . FY2024 1st Quarter Financial Results

Ⅱ. Forecasts of Financial Results for FY2024 Dividends

(Reference) Key Points and Initiatives of

Chugoku Electric Power Group

(Reference) Appendix

Ⅰ . FY2024 1st Quarter Financial Results

1-1. Financial Results Summary	1

• Operating revenues were 401.0 billion yen, an increase of 86.3 billion yen from the same period of the previous fiscal year, mainly because of the revision of electricity rates, etc.
• Operating income was 88.2 billion yen, an increase of 117.4 billion yen from the same period of the previous fiscal year, mainly because of an improvement of the time lag of the fuel cost adjustment system as a result of lower fuel prices.
• Ordinary income including non-operating income and expenses such as interest expense was an increase of 82.6 billion yen, an increase of 113.9 billion yen from the same period of the previous fiscal year.
• As a result of applying the provision for drought and deducting income taxes, the quarterly loss attributable to owners of the parent was 62.6 billion yen, an increase of 89.3 billion yen from the same period of the previous fiscal year.

1-2. Financial Results Summary	2

				(billion yen)
	FY2024-1Q	FY2023-1Q	Difference	Rate of change
	(A)	(B)	(A-B)	(A/B-1)
Operating revenues	401.0	314.7	86.3	27.4%
Operating income	88.2	-29.1	117.4	-
Ordinary income	82.6	-31.3	113.9	-
Profit attributable to	62.6	-26.7	89.3	-
owners of the parent