Financial Review

Consolidated Balance Sheets

 Total assets amounted to ¥1,518.0 billion, up ¥8.6 billion from the end of the previous fiscal year (ratio to the figure at the end of previous term: 100.6%). This is due to an increase in construction in progress account and other factors.
 Total liabilities amounted to ¥1,190.4 billion, up ¥15.0 billion from the end of the previous fiscal year (ratio to the figure at the end of previous term: 101.3%). This is due to an increase in liabilities with interest and other factors.
 Total net assets amounted to ¥327.6 billion, down 6.3 billion from the end of the previous fiscal year (ratio to the figure at the end of previous term: 98.1%). This is due to cash dividends paid and other factors.

Consolidated Statements of Operations

 Operation revenues in FY 2016 amounted to ¥542.5 billion, down ¥1.9 billion from the previous fiscal year (ratio to the figure of previous term: 99.6%). Despite the increase in retail electricity sales and renewable energy surcharge, the decrease in contract works and other orders at subsidiaries and other factors, in addition to the decrease in fuel adjustment charge, led to a decrease in revenue.
 Ordinary income came to ¥2.0 billion, down ¥26.0 billion from the previous fiscal year (ratio to the figure of previous term: 7.2%). This decrease was caused by an increase in maintenance and repair costs, including those for highly aged equipment, an increase in retirement benefit expenses resulting from declining interest rates, a decrease in the amount of hydroelectric power generation, and other factors, notwithstanding our all-out efforts to streamline our overall costs, including reductions in material procurement costs.
 As a result of adding ¥1.7 billion of income taxes to above, and utilizing ¥0.6 billion of drought reserves, loss attributable to owners of parent amounted to ¥0.6 billion (compared to profit attributable to owners of parent of the previous term: ¥12.8 billion). Moreover, net loss per share was ¥2.98 (compared to net income per share of the previous term: ¥61.74).

Consolidated Statements of Cash Flow

 The balance of cash and cash equivalents at the end of FY 2016 totaled ¥173.7 billion, down ¥19.3 billion from the end of previous term (ratio to the figure at the end of previous term: 90.0%).
 Cash in flows from "operating activities" reached ¥63.5 billion, down ¥6.2 billion from the previous term (ratio to the figure of the previous term: 91.1%). This is due to a decrease in profit before income taxes and other factors.
 Expenditure from "investing activities" amounted to ¥104.2 billion, up ¥19.2 billion from the previous term (ratio to the figure of the previous term: 122.6%). This is due to an increase in expenditure for acquisition of fixed assets and other factors.
 Cash in flows from "financing activities" was ¥21.3 billion, down ¥12.6 billion from the previous term (ratio to the figure of the previous term: 62.8%). This is due to an increase in repayment of debt and other factors.




Financial Review INDEX

Consolidated Financial Statements

Notes to Consolidated Financial Statements

Independent Auditor's Report

Six-Year Summary

IR Information

IR Presentation

IR Calendar

Financial Review

Rating Information

Enhance Competitiveness

IR library

Stock Information

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