[Company analysis] The Kansai Electric Power Co., Inc. (関西電力)

「The Kansai Electric Power Co., Inc. (関西電力)」is a power company whose business area is Kinki region(Kyoto prefecture, Osaka prefecture, Shiga prefecture, Hyogo prefecture, Nara prefecture, Wakayama prefecture) and Fukui prefecture and Mie prefecture. In electrocity sales, this company has second largest sales volume after「Tokyo Electric Power Company(東京電力)」. Currently, they have a total of 170 power generation facilities, and the total power generation capacity is 36.57 million Kw. The number of consolidated employees is approximately 32,527.

 

1. Company Profile

2. Summary and Features

3. Major Business

4. Financial Information

 

 

 

1. Company Profile

 

※Unit is JPY million, as of 2019

Company name	The Kansai Electric Power Co., Inc.
Company name (Japanese)	関西電力
Date of establishment	Tuesday, May 1, 1951
Headquarters location	〒530-8270 大阪市北区中之島3丁目6番16号
Capital	489,300
Consolidated sales	3,307,661
Consolidated operating profit	204,853
Consolidated total assets	7,257,363
Consolidated capital	1,532,946
Capital adequacy ratio	21.1%
Consolidated number of employees	32,527

 

 

 

2. Summary and Features

 
According to the "1951 GHQ Potsdam Ordinance", 「Kansai Electric Power Company」was established by reorganizing「Kansai Electric Power Distribution(関西発送電)」and「Japan Shipping Electric Power Distribution(日本発送電)」, which were established by the wartime integration.

As the name implies, this company supplies electricity mainly in the Kinki region. 「Kansai Electric Power Company」inherited the business area of「Great Consolidated Electric Power Company(大同電力)」,「Ujikawa Electric Power Company(宇治川電気)」,「Nippon Electric Power Company(日本電力)」and「Toho Electric Power Company(東邦電力)」that had been operated in various area before the World warⅡ. That is why some of power generation facilities that「Kansai Electric Power Company」owns is not located in Kinki area.

 

As for the electricity sales volume, it is 127.5 billion Kw. It is the second largest in the Japan. Before the nuclear regulation, about 55% of the total power generation depends on nuclear power generation, which was the highest level among Japanese electric power companies. They still have total of nine nuclear power plants, which was the second highest level in the industry after「TEPCO」. Currently, only 3 of them are in operation.

Since 2001,「Kansai Electric Power 」is aggressively abolishing small-capacity thermal power plants whose power generation efficiency has deteriorated due to aging. At this time, more than 7 power plants have already been abolished. In addition, this company is also actively engaged in overseas business. Based on its experience and technical capabilities in the electric power business that have accumulated for more than half a century, they are implementing a large-scale power generation business and consulting business in developing countries.

 

 

 

3. Major Business

 

■ Nuclear power generation
They have a total of 9 nuclear power plants, 3 of which are in operation, with a total output of 8.93 million kW.

■ Hydropower
This company currently owns 152 hydropower plants with a total output of 8.23 ​​million kW.

■ Thermal power generation
They have a total of 12 locations and the total output is 17,341,400k. Most of the total power generation capacity is now thermal power generation.

■ Renewable energy power generation
They currently have three renewable energy power plants with a total output of 10,000 kW.

 

 

 

4. Financial information

 

※Unit is JPY million

		2016	2017	2018
Consolidated sales		3,011,337	3,133,632	3,307,661
Consolidated operating profit		217,747	227,551	204,853
Consolidated total assets		6,853,182	6,985,088	7,257,363
Consolidated net assets		1,344,696	1,472,797	1,532,946
Breakdown of sales	Electricity generation business	2,556,591	2,596,114	2,668,312
	Gas・other energy business	93,220	141,240	210,819
	IT related business	185,660	203,167	217,757
	Others	175,864	193,110	210,771