Financial Results for FY2019 Water Works Bureau

Water supply business: Fee income decreased by 800 million yen and net income decreased by 2.1 billion yen to 5.2 billion yen.

Water rate revenue decreased by 800 million yen from the previous fiscal year to 63.8 billion yen, excluding tax, due to a decrease in the amount of water used.
On the other hand, net income decreased by ¥2.1 billion from the previous fiscal year to ¥5.2 billion due to an increase in property expenses due to the update of the online fee system and other measures to prepare for disasters.
In addition, the balance of accumulated funds decreased by 600 million yen from the previous fiscal year to 19.2 billion yen due to a deterioration in the balance of funds resulting from a decrease in profits.

In the future, we believe that the balance of corporate bonds will increase in order to more actively utilize corporate bonds as a source of revenue for increasing facility renewal costs. As a result, the current corporate bond balance has been reduced to 152.4 billion yen, a decrease of 1.5 billion yen from the previous fiscal year.

Industrial water charges revenue was 2.60 billion yen, and net income was 740 million yen.

Corporate bond balance decreased by 040 million yen from the previous fiscal year to 2.72 billion yen due to efforts to reduce the balance, such as curbing issuance.

The Nishiya Water Purification Plant is working on redevelopment in order to strengthen the seismic resistance of filtration ponds and to respond to odors caused by algae in Sagamiko, the water source, and to enable the entire amount of Sagamiko water usage rights. .
In FY2019, from the viewpoint of overall optimum, the headrace, water purification treatment facility, and wastewater treatment facility, based on a maintenance plan that examined cost-effectiveness, stability of water supply, and maintenance from various angles We have formulated a basic plan for the entire redevelopment project.
In addition, the maintenance method will utilize the technology and know-how of private businesses by adopting the DB and DBO methods based on the speciality of construction. As a result, it is expected that the construction period will be shortened and the project cost will be reduced.
The total maintenance cost is expected to be around 100 billion yen.

※1 DB method: A method in which design (Design) and enforcement (Build) are ordered collectively.
※2 DBO method: In addition to design (Design) and enforcement (Build), the operation (Operate) is also ordered collectively.

Smart meters have been installed in approximately 460 households in the model area (the area around Tokaichiba-cho, Midori-ku), and communication tests have been conducted. We will start adjusting fees in October 2020.
Since the issue of smart meters is that the price is about 10 times higher than conventional products, we have concluded cooperation agreements with three major city water utilities (Tokyo, Osaka, and Yokohama). In addition to examining measures to improve efficiency and improve services, we will work to reduce prices by standardizing meter specifications.

※Smart Meter: Unlike conventional water meters, which visually reads the amount of water, multi-functional water meters, such as transmitting meter reading data wirelessly, can transmit meter reading data.