Water Works Bureau Financial Results for FY2020

Water Supply Business: Water bill revenue decreased by 600 million yen and ordinary income of 4.1 billion yen.

Water tariff revenue for FY2 was 63.2 billion yen, a decrease of 600 million yen excluding tax compared to the previous year.
Water charges for housework increased by 3.1 billion yen due to the expansion of teleworking and teleworking due to the impact of COVID-19 and other factors, water charges for household chores increased by 3.1 billion yen, while the amount of water used by large users, such as commercial facilities decreased by 3.7 billion yen.

Ordinary income decreased by ¥1.1 billion year on year to ¥4.1 billion, mainly due to a decrease in fee income and an increase in repair costs, such as replacement costs for aging pipes.
Even in the midst of the COVID-19 pandemic, we made efforts to thoroughly review our business and postpone urgent business in order to carry out sustainable business operations, resulted in an improvement of 900 million yen compared to the expected budget of 3.2 billion yen in ordinary income.
The accumulated balance of funds decreased by ¥1.8 billion from the previous fiscal year to ¥17.4 billion due to a deterioration in the balance of funds associated with an increase in facility renewal costs.
※ Net income increased by 1.3 billion yen compared to the previous fiscal year to 6.5 billion yen, due to the recording of gains on sales of assets owned by the Bureau (mutual transfer of assets with Motoichi General Account due to the relocation of the new city hall).

The balance of corporate bonds increased by 1.9 billion yen from the previous fiscal year to 154.3 billion yen due to a review of the appropriation rate of corporate bonds as a source of revenue for the ever-increasing facility renewal costs.

Industrial water tariff revenue in FY2 decreased by 0.9 billion yen from tax excluding the previous fiscal year to 2.51 billion yen.

Ordinary income and net income decreased by 0.3 billion yen to 710 billion yen from the previous fiscal year.

The balance of corporate bonds increased by 180 million yen from the previous fiscal year to ¥299.0 billion due to an increase in the ratio of corporate bond issuance.

The Nishiya Water Purification Plant is working on the redevelopment of water purification treatment facilities and wastewater treatment facilities in order to respond to the deterioration of water quality and the treatment of the entire amount of water rights water rights, along with the earthquake resistance of filter ponds.
In addition, we will work on improvement of the Sagamiko-based headrace, which sends raw water to the Nishiya Water Purification Plant, due to lack of earthquake resistance and water conductivity.