Key Point of President's Regular Press Conference

Key Point of President's Regular Press Conference

Executive Vice President Kataoka’s message at the news conference announcing financial results for Q3 2019

January 31, 2020
Chubu Electric Power Co.,Inc.

  • I will be discussing the following matters today:
  • Financial results for the third quarter of fiscal 2019

Financial Results for Q3 2019

  • Consolidated operating revenues for the third quarter of fiscal 2019 were 2,280.7 billion yen, up 81.5 billion yen year-on-year due to an increase in fuel cost adjustments and other factors.
  • Ordinary income was 165.3 billion yen, up 74.9 billion yen year-on-year as the time-lag loss turned into a time-lag gain after fuel prices fell.
  • I would like to note that ordinary income excluding the time-lag gain effect was approximately 128 billion yen, which is a decrease on the order of 23 billion yen.
  • Next is our business outlook for fiscal 2019.
  • There is no change in our consolidated business outlook as we expect approximately the same results as those released previously on October 31.
  • We forecast operating revenues of 3.05 trillion yen and ordinary income of 185 billion yen.
  • Ordinary income excluding the effect of time-lag gain or loss is expected to be around 150 billion yen.
  • We will continue to work group-wide to streamline our business and increase income so that we may earn the trust and meet the expectations of our customers, shareholders and society.
  • This ends my presentation.

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