Major Financial Data

Consolidated

Units FY2017 FY2018 FY2019 FY2020 FY2021
Interest-bearing debt ¥ million 2,053,281 2,078,239 2,196,903 2,193,979 2,291,881
Shareholders’ equity ratio % 18.6 18.2 17 19.7 19.4
Return on equity (ROE) % 1.9 3.6 2 15 2.2
Return on assets (ROA) % 0.8 0.9 0.4 1.1 0.7
Book-value per share (BPS) yen 1,677.09 1,676.42 1,613.71 1,785.36 1,824.17
Earnings per share (EPS) yen 31.84 60.15 33.25 258.59 40.42
Price book-value ratio (PBR) times 0.7 0.8 0.9 0.8 0.7
Price earnings ratio (PER) times 38.7 21.3 41.5 5.8 33.6
EBITDA ¥ million 140,210 143,732 124,309 129,433 117,701
Debt Equity Ratio (D/E Ratio) times 3.6 3.6 4 3.4 3.5

Non-Consolidated

Units FY2017 FY2018 FY2019 FY2020 FY2021
Interest-bearing debt ¥ million 2,015,264 2,029,475 2,200,286 2,199,654 2,298,919
Shareholders’ equity ratio % 14.6 14.2 13.1 16 15.3
Return on equity (ROE) % 3.4 3.9 2.1 19.5 -1.1
Return on assets (ROA) % 0.7 0.8 0.3 0.9
Dividends per share yen 50 50 50 50 50
Book-value per share (BPS) yen 1,215.50 1,214.98 1,171.93 1,371.34 1,315.21
Earnings per share (EPS) yen 41.15 47.73 24.7 251.65 -14.7
Price book-value ratio (PBR) times 1 1.1 1.2 1.1 1
Price earnings ratio (PER) times 29.9 26.9 55.9 6
EBITDA ¥ million 121,237 123,431 103,073 108,310 16,552
Debt Equity Ratio (D/E Ratio) times 4.8 4.8 5.4 4.4 4.8
Payout ratio % 121.5 104.8 202.4 19.9
Dividend yield % 4.1 3.9 3.6 3.3 3.7

Note 1: Return on assets is calculated using the normal effective statutory tax rate.
Note 2: The price book-value ratio (PBR), price earnings ratio (PER), and dividend yield are calculated using the stock price at the end of the fiscal year.
Note 3: EBITDA is calculated by adding depreciation to operating income.
Note 4: The Chugoku Electric Power Co., Inc. transferred the power transmission and distribution business to Chugoku Electric Power Transmission & Distribution Co., Inc. through a corporate split on April 1, 2020.

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