Message from Top Management

To Our Stockholders and Investors

Mareshige Shimizu President and Director image

Mareshige Shimizu

Representative Director
President & Chief Executive Officer

We would like to express our sincere gratitude to our stockholders and investors for your extremely generous support.

Regarding consolidated financial result of FY2021 2nd quarter, expenditure decreased and profit increased.

Regarding sales, there was a decrease in retail electricity sales due not only to increased competition, but also due to the stagnation of production activities brought about by the effects of the COVID-19. Therefore, sales decreased compared to the same period of the previous year due to a decrease in electricity charges revenue.

Regarding ordinary income, in addition to efforts to improve overall management efficiency, earnings increased compared to the same period of the previous year due to improvements in the effect of the delay to the fuel cost adjustment system and an increase in water flow.

Regarding quarterly net income attributable to owners of the parent company, profit decreased compared to the same period of the previous year when the entire reserve for depreciation of nuclear power generation work was drawn down.

Based on our dividend policy "focusing on stable dividend payments," we have paid out ¥25 per share as the interim dividends.

Based on our new group corporate vision "ENERGIACHANGE 2030," and in order to ensure safety, we will proceed with measures for the early restart and commencement of commercial operation of Shimane Nuclear Power Station Units 2 and 3. At the same time, we will work to strengthen and evolve our existing businesses by providing high-value-added services to meet diverse energy needs. In addition, we will take on the challenge of a wide range of new businesses for further growth, including international businesses and expansion of the introduction of renewable energy.

While assessing the future business environment, such as increased competition and the trend of the COVID-19, we will endeavor to meet the expectations of our stockholders by responding flexibly and working toward the enhancement of corporate value and sustainable growth, with the aim of realizing our new vision.

We would like to ask our stockholders and investors for their continued understanding and support.

January 2021

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