Operating revenues for the mid-term of the FY 2005 increased 0.9% from
the same term of the previous year to 2,552.6 billion yen (non-consolidated
figure decreased 2.7% to 2,399.4 billion yen). The ordinary profits
decreased 44.9% from the same term of the previous year to 183.2 billion
yen (non-consolidated figure decreased 46.5% to 174.7 billion yen). The
mid-term net profits decreased 41.0% from the same term of the previous
year to 107.9 billion yen (non-consolidated figure decreased 47.7% to
110 billion yen).

Our total electricity sales decreased 1.5% from the same term of the
previous year to 143.8 billon kWh due to the decrease of air conditioning
demand which is a negative effect from the last year's smothering heat
wave, and sinking of industrial demand below the previous level. 
By type of demand, electricity sales for residential use decreased 0.1%
from the same term of the previous year to 44.6 billion kWh, low-voltage
power in the non-liberalized sector decreased 5.8% from the same term of
the previous year to 7 billion kWh, and electricity sales to eligible
customers of the liberalized sector decreased 1.8% from the same term of
the previous year to 92.2 billion kWh.

On the revenue side, the electricity revenues decreased 4.1% from the
same term of the previous year to 2,280.1 billion yen due to the
decreased sales in electricity and the reduction of the electricity
tariff since last October. The electricity sales increased 0.9% from the
same term of the previous year to 2,552.6 billion yen (non-consolidated
figure decreased 2.7% from the same term of the previous year to
2,399.4 billion yen), the ordinary revenues increased 0.9% from the same
term of the previous year to 2,571.6 billion yen (non-consolidated figure
decreased 2.8% from the same term of the previous year to 2,413.6 billion
yen) after adding inter-regional electricity sales charge and electricity
sales charges to other companies, as well as the effect from subsidizing
POWEREDCOM, Inc. in the last year's mid-term in consolidated side.

Ordinary expenses increased 7.8% from the same term of the previous year
to 2,388.3 billion yen (non-consolidated figure increased 3.5% from the
same term of the previous year to 2,238.8 billion yen) due to the
increase of fuel cost as a result of the steep rise of crude oil price
and the effect of subsidizing of POWEREDCOM, Inc., although we tried to
promote streamlining and cost reduction by decreasing depreciations cost
by restricting capital investments in electric power industries. 

Appendix 
 Closing Summary 
 Comparison Revenues and Expenses (non-consolidated) 
 Forecast for the full year 
 Calculation Basis (non-consolidated)