スポーツベット入金不要ボーナス July 2017 Regular Press Conference : President Katsuno's Message

• First, I would like to speak about FY2017 first quarter financial results.
• スポーツベット入金不要ボーナス Power’s consolidated sales for the first quarter of FY2017 recorded 655.4 billion yen.
• Although there was a drop in fuel cost adjustment costs, increases in levies and subsidies on renewable energy sources, etc., resulted in a 24.2 billion yen profit increase on a year-on-year basis.
• スポーツベット入金不要ボーナス consolidated ordinary income marked 28.4 billion yen.
• スポーツベット入金不要ボーナス different-timing margin of both fuel adjustment and fuel costs shrank. This resulted in a 64.2 billion yen profit decrease on a year-on-year basis.
• Next are the non-consolidated financial results for スポーツベット入金不要ボーナス.
• Sales stood at 604.5 billion yen. This is a 16.4 billion yen increase year-on-year.
• Ordinary income marked 2.59 billion yen. This is a 66.1 billion yen profit decrease year-on-year.
• Next is スポーツベット入金不要ボーナス earnings outlook for FY2017.
• As スポーツベット入金不要ボーナス latest earnings outlook is about スポーツベット入金不要ボーナス same as スポーツベット入金不要ボーナス previously published values of April 28, no change has been made.
• Consolidated net sales are expected to increase to 2.76 trillion yen due to an increase in electricity sales revenue following an increase in スポーツベット入金不要ボーナス fuel cost adjustment unit price.
• Consolidated sales are expected to decrease to 100 billion yen because of different-timing margin of both fuel adjustment and fuel costs shrank.
• As was mentioned on April 28, スポーツベット入金不要ボーナス actual values for profits are similar to those of スポーツベット入金不要ボーナス previous fiscal year when disregarding スポーツベット入金不要ボーナス effects of スポーツベット入金不要ボーナス different-timing margin; regardless, I have given instructions to make further efforts to enhance operating efficiency, and スポーツベット入金不要ボーナス group is currently working together to achieve this goal.
• We will continue to do our best to respond to スポーツベット入金不要ボーナス trust and expectations of our customers, shareholders, and society.

• I now turn to スポーツベット入金不要ボーナス company’s development of hydroelectric power station.
• Hydroelectric power generation is a precious pure nationally produced energy source and is a power source that provides stable energy production compared to other renewable energy sources, and therefore our company is pursuing active development in this area.
• Meanwhile, areas for スポーツベット入金不要ボーナス new development of hydroelectric power station are becoming smaller in scale and increasingly remote, and thus new economically-efficient development is becoming limited.
• As new development becomes difficult, our company has implemented several cost-decreasing measures, and are currently preparing to start commercial operation of two new developments in FY2022:
  • Seinaiji Hydroelectric Power Plant (5,600kW output)
  • Abekawa Hydroelectric Power Plant (7,100kW output)
• Excluding スポーツベット入金不要ボーナス Tokuyama Hydroelectric Power Plant, which was built as part of スポーツベット入金不要ボーナス multipurpose dam development plan, this will be スポーツベット入金不要ボーナス first new construction of hydroelectric power station undertaken by our company alone since スポーツベット入金不要ボーナス Hiraya Power Plant 20 years ago.

(Note) Tokuyama Unit 2 began commercial operation in FY2014 and Unit 1 began commercial operation in FY2016.

• In addition to スポーツベット入金不要ボーナス developments in new areas, our company is also working on スポーツベット入金不要ボーナス development of hydroelectric power station that use unused energy, such as スポーツベット入金不要ボーナス final effluent from existing dams, etc., and so far we have a total of six developments with a total output of 1,430kW.
• Recent developments include:
  • スポーツベット入金不要ボーナス Shinkushihara Hydroelectric Power Plant (230kW output) and Atagi Hydroelectric Power Plant (190kW output) which began commercial operation in FY2015
  • スポーツベット入金不要ボーナス Nyukawa Hydroelectric Power Plant (350kW output) which began commercial operation in FY2016
  • スポーツベット入金不要ボーナス Shinokuizumi Hydroelectric Power Plant (290kW output) which is scheduled to begin commercial operation in FY2017
• Next, I shall talk about スポーツベット入金不要ボーナス “efforts to increase スポーツベット入金不要ボーナス energy production of existing hydroelectric power station.”
• Hydroelectric power station have スポーツベット入金不要ボーナス advantage of being able to be used for a longer period of time with appropriate maintenance compared to other power sources.
• スポーツベット入金不要ボーナス “dam renewal vision” announced by スポーツベット入金不要ボーナス government last month also set forth policies aiming to expand スポーツベット入金不要ボーナス usage of existing hydroelectric power station by “using existing dams ‘longer’ and ‘more wisely.’”
• Our company has also been actively working on increasing スポーツベット入金不要ボーナス energy production of existing hydroelectric power station.
• I will now talk about スポーツベット入金不要ボーナス following two pillars for increasing スポーツベット入金不要ボーナス energy production of existing hydroelectric power station:
  • Design optimization and application of new technologies
  • Increase in energy production through operational change
• I will first talk about “design optimization and application of new technologies.”
• In hydroelectric power generation, power is generated by using energy from water in rivers and other water sources to rotate water mills, and conventionally was designed so that generating efficiency was maximized at スポーツベット入金不要ボーナス time of maximum flow as permitted by スポーツベット入金不要ボーナス government.
• When updating our facilities, our company reviewed スポーツベット入金不要ボーナス design to allow maximum generating efficiency at スポーツベット入金不要ボーナス time of flow when スポーツベット入金不要ボーナス frequency of water intake throughout スポーツベット入金不要ボーナス year was high, enabling us to increase スポーツベット入金不要ボーナス amount of energy produced.
• In addition, we visualized スポーツベット入金不要ボーナス movement of water flowing through スポーツベット入金不要ボーナス water mills using analysis technology and incorporated this in our designs, allowing us to change スポーツベット入金不要ボーナス shape of スポーツベット入金不要ボーナス water mill blades to transfer water energy in スポーツベット入金不要ボーナス most efficient manner.
• We applied this measure to our equipment starting in FY2007, and so far, this measure has been implemented at nine hydroelectric power station, resulting in an increase in energy production of 3～28%.
• スポーツベット入金不要ボーナス total increase in energy production at スポーツベット入金不要ボーナス nine power stations is approximately 17.6 million kWh per year, enough to power approximately 5,600 households.
• Next are our efforts to “increase energy production through operational change.” This is a measure to enhance power generation capacity by reviewing スポーツベット入金不要ボーナス operating methods of スポーツベット入金不要ボーナス power station, and does not involve much cost.
• Our company is working on increasing energy production by implementing measures such as スポーツベット入金不要ボーナス following:
  • Change in maximum output
  • Reduction in スポーツベット入金不要ボーナス power generation shutdown period when rivers are flooded
  • Switch to dam operation at high water levels
• First, I will talk about スポーツベット入金不要ボーナス ”change in maximum output.” At hydroelectric power station, スポーツベット入金不要ボーナス output that is calculated based on スポーツベット入金不要ボーナス maximum flow permitted by スポーツベット入金不要ボーナス River Law is reported to スポーツベット入金不要ボーナス government, and power generation cannot exceed スポーツベット入金不要ボーナス reported output.
• We focused on スポーツベット入金不要ボーナス fact that スポーツベット入金不要ボーナス maximum output can be reached without using スポーツベット入金不要ボーナス permitted maximum flow if スポーツベット入金不要ボーナス capacity of スポーツベット入金不要ボーナス actual generation facilities goes beyond スポーツベット入金不要ボーナス planned values.
• We re-examined スポーツベット入金不要ボーナス performance of スポーツベット入金不要ボーナス generation facilities in detail, and by changing スポーツベット入金不要ボーナス reported maximum output in accordance with スポーツベット入金不要ボーナス performance, we were able to increase energy production.
• Next, I will describe スポーツベット入金不要ボーナス “reduction in スポーツベット入金不要ボーナス power generation shutdown period when rivers are flooded.”
• Hydroelectric power station may stop operation when water flow is high from rainfall, etc., because スポーツベット入金不要ボーナス sediments churned up from スポーツベット入金不要ボーナス river bed due to スポーツベット入金不要ボーナス surge of water may damage equipment such as conduits and water mills.
• Our company has increased スポーツベット入金不要ボーナス amount of energy production by stopping operation as late as possible and resuming operation as early as possible, using information such as スポーツベット入金不要ボーナス following to review conditions that allow generating operation when スポーツベット入金不要ボーナス rivers are flooded and to precisely determine スポーツベット入金不要ボーナス amount of rainfall and スポーツベット入金不要ボーナス time lag to increased flow and turbidity.
  • Estimates of スポーツベット入金不要ボーナス amount of sediment contained in スポーツベット入金不要ボーナス turbid waters flowing into conduits when スポーツベット入金不要ボーナス rivers flood, cultivated through dam management
  • More detailed assessment of スポーツベット入金不要ボーナス effects of sediment on equipment such as conduits and water mills
• Lastly, I will talk about スポーツベット入金不要ボーナス “increase in hydroelectric head by operating スポーツベット入金不要ボーナス dam at a higher water level.”
• Until now, our company has managed スポーツベット入金不要ボーナス dam water level with plenty of allowance, in preparation for a rapid increase in スポーツベット入金不要ボーナス water flowing into スポーツベット入金不要ボーナス dam due to sudden rainfall.
• By using sophisticated precipitation forecast and detailed water level operation that predicts スポーツベット入金不要ボーナス inflow of water into スポーツベット入金不要ボーナス dam, etc., we were able to operate at a high water level.
• This resulted in a larger head, increasing スポーツベット入金不要ボーナス amount of energy production.
• I have introduced three improvement measures brought about by operational change. One measure uses new technology, while スポーツベット入金不要ボーナス other two measures were accomplished by many years’ of experience in スポーツベット入金不要ボーナス field to “minimize wastage of our precious water and use it as effectively as possible.”
• Through these improvement measures, our company has increased energy production by approximately 174 million kWh a year by FY2016, which is enough to power approximately 55,800 households.
• Hydroelectric power and other renewable energy sources are pure nationally produced energy sources, and are environmentally-friendly while also contributing to increased energy security.
• Our company and the スポーツベット入金不要ボーナス Power Group will continue active development in hydroelectric power as well as other renewable energy sources such as wind power and solar power generation.

• Lastly, I will talk about スポーツベット入金不要ボーナス visit to スポーツベット入金不要ボーナス Hamaoka Nuclear Power Station by Deputy Chairman Fuketa of スポーツベット入金不要ボーナス Nuclear Regulation Authority on スポーツベット入金不要ボーナス 18th of this month.
• This was Deputy Chairman Fuketa’s first visit to Hamaoka since the field investigation in June 2015, and we are very grateful that on this visit スポーツベット入金不要ボーナス was able to witness the various safety enhancement measures of the Hamaoka Nuclear Power Station, such as breakwaters and emergency gas turbine generators.
• Although スポーツベット入金不要ボーナス time was limited, we feel that Vice President Kurata and General Manager of Hamaoka Nuclear Power Executive Headquarters Masuda were able to provide a careful explanation of スポーツベット入金不要ボーナス company’s efforts towards enhancing safety.
• After his visit, Deputy Chairman Fuketa recognized our company’s efforts by saying that スポーツベット入金不要ボーナス “felt an active commitment towards safety enhancement,” while also mentioning that “there was still room for improvement with regards to safety measures.”
• We will accept his feedback with sincerity and continue to firmly support スポーツベット入金不要ボーナス Nuclear Regulation Authority reviews, and rather than remaining within スポーツベット入金不要ボーナス framework of スポーツベット入金不要ボーナス new regulatory standards, we shall continue to implement measures to further enhance スポーツベット入金不要ボーナス safety of スポーツベット入金不要ボーナス Hamaoka Nuclear Power Station.
• Our company will work on further enhancing nuclear disaster measures by advancing intangible measures such as developing a disaster prevention system and improving training, in addition to tangible measures to enhance safety.
• We will provide careful explanations of our efforts to スポーツベット入金不要ボーナス local community as well as all others concerned, and with their understanding, we shall strive to do our best so that スポーツベット入金不要ボーナス Hamaoka Nuclear Power Station can continue to serve as an important power source.
• This ends my presentation.