Expansion into Electricity Sales Outside Hokkaido and the Gas Supply Business

「Electricity sales volume to other companies totaled 3.734 billion kWh, up 20.0% year on year, mainly due to increased bilateral sales.」

「Electricity sold to other companies increased 11.8% year on year, mainly because sales volumes rose as renewable energy purchases increased.」

「Electricity sold to other companies increased 26.7% year on year, mainly because sales volumes rose as renewable energy purchases increased.」

「Electricity sold to other companies increased 4.1% year on year, mainly because sales volumes rose as renewable energy purchases increased.」

「Electricity sold to other companies increased 42.2% year on year, mainly because sales volumes rose from wholesale sales and under the feed-in tariff scheme for renewable energy.」

「Electricity sold to other companies increased 35.7% year on year, mainly because sales volumes rose from wholesale sales and under the feed-in tariff scheme for renewable energy.」

「Electricity sold to other companies increased 28.2% year on year, mainly because sales volumes rose under the feed-in tariff scheme for renewable energy.」

「Electricity sold to other companies increased 25.7% year on year, mainly because sales volumes rose under the feed-in tariff scheme for renewable energy.」

「This resulted from a review of the future recoverability of the LNG supply business in light of deteriorating business conditions caused by soaring LNG prices and other factors. The carrying amount of assets related to the business was reduced to the recoverable amount, and the decrease was recorded as an impairment loss.」

「Electricity sold to other companies decreased 4.7% year on year, mainly because sales volumes to retail electricity operators declined.」

「In the wholesale electricity business, the company will increase sales opportunities through the active use of wholesale electricity markets and bilateral wholesale contracts. Electricity sold to other companies increased 6.6% year on year, mainly because sales volumes rose under the feed-in tariff scheme for renewable energy.」

「Electricity sold to other companies increased 24.2% year on year, mainly because sales volumes rose from increased bilateral transactions with other retail electricity operators and under the feed-in tariff scheme for renewable energy.」

「Electricity sold to other companies increased 100.6% year on year, mainly because wholesale sales performed well.」

「Electricity sold to other companies increased 103.4% year on year, mainly because sales volumes rose as a result of active wholesale sales.」

「For the gas supply business, the company began supplying LNG by tanker truck from the Ishikari LNG Base in December last year. It will continue strengthening LNG sales while considering entry into the city-gas business and the launch of bundled electricity and gas sales.」

「Following its establishment on 2 April 2018, Ishikari LNG Jetty Co., Ltd. has been included as an equity-method affiliate from the first quarter of the current consolidated fiscal year.」

「The company is strengthening electricity sales outside Hokkaido, centered on the Tokyo Metropolitan Area Sales Department, and aims to expand further by also using the generating capacity of the Fukushima Natural Gas Power Plant, which is scheduled to begin operating in 2020. It is also advancing a gas supply business using LNG procured for the Ishikariwan Shinko Power Plant, while providing total energy solution services centered on electricity and gas according to customer needs.」

「For electricity sales outside Hokkaido, the company established the Tokyo Metropolitan Area Sales Department in April of this year to strengthen its sales structure. With the start of operations at the Fukushima Natural Gas Power Plant in 2020 in view, the company aims to expand electricity sales outside Hokkaido. It will also advance its gas supply business in Hokkaido through alliances with other operators. In April of this year, the company reached a basic agreement with AIR WATER INC. and IWATANI CORPORATION on a business alliance aimed at launching an LNG supply business.」

「The company will continue considering ways to develop electricity sales outside Hokkaido and gas supply operations, including the use of LNG tanks under construction at Ishikariwan Shinko Port, including alliances with other companies.」