Financial Results for FY2022 Water Works Bureau

Water supply business: Water rate revenue increased by 2.4 billion yen and net income secured 10.2 billion yen.

Water rate revenue for fiscal 4 increased by 2.4 billion yen (3.2%) year on year to 76.4 billion yen, including tax, due to the full application of the new rate revised in July 2003.
The amount of water used decreased by 8.92 million m3, or 2.8%, from the previous fiscal year, due to the elimination of lifestyles due to the influence of the COVID-19 infection. However, sales of large-scale commercial facilities and accommodation services increased by 2.11 million m3 (3.1%).

Net income increased by ¥2.4 billion, but repair costs increased by ¥800 million due to an increase in power costs associated with soaring electricity prices, and an increase in renewal of aging pipes. This was an increase of ¥200 million compared with the previous fiscal year, to ¥10.2 billion.
The balance of accumulated funds increased by ￥3.5 billion from the previous fiscal year to ￥21.8 billion.

In the future, the balance of corporate bonds was ¥ 158.3 billion, mainly due to an increase in the ratio of corporate bonds from FY2010 as a source of revenue for facility renewal costs.

Industrial water tariff revenues in fiscal 2014 increased by 050 million yen (1.8%) compared to the previous fiscal year to 2.84 billion yen.

Net income decreased by ¥040 million from the previous fiscal year to ¥730 million.

The balance of corporate bonds was ¥3.58 billion, mainly due to an increase in the ratio of corporate bonds from FY2010.

We are promoting initiatives to improve the efficiency of the reception and examination procedures for water supply equipment construction required for new construction and rebuilding of houses.
In October 2014, we established the Water Supply Receiving Center to unify the application procedures for water supply equipment construction, which had previously been conducted at seven water supply offices in the city, to improve services, improve efficiency of Water Works Bureau operations, and maintain technical capabilities for the future.
In addition, we will further improve the convenience of electronic application services that have been in operation since the first fiscal year, and promote DX and paperless by limiting the acceptance to electronic applications within six years.