Kansai Electric Power Co., Inc. Interim results Decrease in sales and profits for the first time in 4 years Decrease in electricity sales in Corona October 29, 18:11
Kansai Electric Power's interim results showed a decline in sales and profits for the first time in four years due to the fact that the sales volume of electricity was the lowest since Heisei due to the influence of the new coronavirus.
Kansai Electric Power Co., Inc. held a press conference on the 29th and announced the interim financial results for the entire group from April to the end of September.
As a result, the demand for electricity at factories and other facilities decreased due to the impact of the new Corona, and the sales volume of electricity was the lowest since Heisei.
As a result, sales fell 8% from the same period last year to 1,502.7 billion yen.
In addition, due to intensifying competition with rival new electric power, the final profit was 110.4 billion yen, 2.4% less than the previous year.
In the interim period, sales and profits decreased for the first time in four years.
On the other hand, Kansai Electric Power Co., Inc. decided to file a lawsuit against former standing corporate auditor Yasuhiro Yashima for damages due to the problem that the former management secretly compensated for a part of the reduced executive compensation. Announced.
In solidarity with the two former management teams who have already filed suits, saying that Mr. Yashima did not take corrective measures despite being an auditor who checks directors from an independent standpoint, he seeks 170 million yen. about it.
Takashi Morimoto, president of Kansai Electric Power Co., Inc., said, "We take the situation seriously as a result of discussions based on the opinions of outside experts."