The electric power generation business has strengthened by expanding and fortifying electricity generation facilities and entering the electricity retailing business. With regard to biomass electric power generation, the Energy Business brought two new boilers online in FY2015 and, in March 2016, established a joint venture biomass power generation company together with Mitsubishi Paper Mills, which started operation in 2019. As for hydroelectric power plants, the energy business continues to update existing facilities. Additionally, a joint electricity retailing business was launched with ITOCHU ENEX.