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TYO:9503

12 stories mentioning TYO:9503Updated 1d ago

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Asia

The Kansai Electric Manually Shuts Down Mihama Unit 3 Reactor After Detecting Water Leak

The Kansai Electric's (TYO:9503) Mihama Nuclear Power Station Unit 3 was manually shut down after water leak was detected, according to a Tokyo bourse filing on Friday.The leak was found around 3:45 p.m. on Sept. 17, during output increase following the unit's 29th refuel outage.Although the condition posed no immediate threat to plant operation, the affected section could not be isolated, so the company decided at 5:45 p.m. to shut down the reactor for inspection, beginning load reduction at 8:30 p.m.No radiological impact on the surrounding environment occurred, and the company will provide further information should any matters requiring disclosure arise.

TYO:9503
Asia

The Kansai Electric Power Co.'s Unit to Raise Wheeling Tariff Rates from November

The Kansai Electric Power Co.'s (TYO:9503) unit Kansai Transmission and Distribution will raise its wheeling tariff rates from November, according to a Tokyo bourse filing on Friday.Kansai TD filed a notification with the Minister of Economy, Trade and Industry on Friday to revise its wheeling service Terms and Conditions under Article 18, Paragraph 5 of the Electricity Business Act.The revision is based on revenue projections approved by the Minister on Sept. 4, and the new rates remain unchanged from those calculated based on the review by the expert meeting on Electricity Tariff Systems.The revised rates, effective Nov. 1, show increases across all categories, with the generation-side rate rising from 0.57 to 0.67 yen/kWh and demand-side rates increasing by 0.06 yen/kWh for extra-high voltage, 0.53 yen/kWh for high voltage, and 1.22 yen/kWh for low voltage.

TYO:9503
Asia

Kansai Electric Power Says Mihama Nuclear Power Station Unit 3 to Reconnect to Power Grid On Sept. 15

Kansai Electric Power (TYO:9503) said Mihama Nuclear Power Station Unit 3 is scheduled to reconnect to the power grid on Sept. 15, following a review of its refueling outage and implementation of measures related to a steam leak from the high-pressure turbine.The Tokyo-listed operator said that Unit 3 at the 826-megawatt pressurized water reactor was manually shut down on May 8 after the company confirmed the steam leak. Its 29th refueling outage began on June 16 and has proceeded as planned.The company said it replaced the upper casing closure cap and established guidelines based on its investigation into the leak.

TYO:9503
Asia

Kansai Electric Power to Carry Out Rate Changes in November

Kansai Electric Power (TYO:9503) will carry out changes in electricity rates for extra-high-voltage, high-voltage, and low-voltage customers starting Nov. 1, according to a Tokyo bourse filing on Wednesday.The company will also revise the standard plans for extra-high-voltage and high-voltage customers, mainly corporate customers.The changes are in line with revisions to wheeling charges of general transmission and distribution companies, which will be effective on the same date.The revisions also reflect the electric utility's efficiency improvements as well as rising costs that have impacted regulatory schemes in retail electricity supply.The company will announce specific electricity unit rates on its website.Shares of the company fell nearly 2% in recent trade.

TYO:9503
Asia

Kansai Electric Power's Ohi Unit 3 Reactor Shuts Down Automatically at Ohi Nuclear Power Station in Japan

Kansai Electric Power (TYO:9503) said that its nuclear reactor Unit 3 at the Ohi Nuclear Power Station in Japan automatically shut down after a 'Loss of Field' alarm was activated while the plant was operating at its rated thermal power.The electric utility company said the alarm was triggered on Aug. 8, causing the generator to trip automatically and the reactor to shut down, according to a Tokyo Stock Exchange filing on Monday.The company is investigating the cause of the incident, and there has been no radiological impact on the surrounding environment.

TYO:9503
Asia

Kansai Electric Power's Fiscal Q1 Profit Jumps 38%

Kansai Electric Power's (TYO:9503) profit attributable to owners of the parent jumped 38.2% to 137.1 billion yen for the fiscal first quarter, from 99.2 billion yen a year earlier.The electric utility company's basic earnings per share climbed to 123.02 yen from 89.01 yen a year ago, according to a Tokyo bourse filing on Friday.Net sales grew 9.8% to 1.008 trillion yen for the three months ended June 30 from 917.8 billion yen.For the fiscal year ending March 31, 2027, Kansai Electric forecasts an attributable profit of 310.00 billion yen, EPS of 278.23 yen and net sales of 4.500 trillion yen.The company expects to pay interim and year-end dividends of 40.00 yen per share each for the current fiscal year.

TYO:9503
Asia

Market Chatter: Japan Power Firms Expand Substations to Meet AI Demand

Eight major Japanese utilities are building or expanding 30 substations nationwide, adding about 15,000 MW of capacity by the early 2030s to prepare for demand from AI data centers, Nikkei Asia reported on Thursday, citing industry data.TEPCO (TYO:9501), Kansai Electric Power (TYO:9503), Hokkaido Electric Power (TYO:9509) and Kyushu Electric Power (TYO:9508) are some of the companies expanding substations, the report said.Organization for Cross-Regional Coordination of Transmission Operators (OCCTO) forecasts data center power consumption will jump tenfold from 640 MW in fiscal 2026 to 6,610 MW in fiscal 2035, the publication said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Nikkei 225TYO:9501TYO:9503TYO:9508TYO:9509
Asia

Market Chatter: Japan Monitors LNG Supply Risks Amid Strike at Inpex's Ichthys Project

Japan is monitoring the impact of an ongoing strike at Inpex's (TYO:1605) Ichthys LNG project in Australia after a court rejected a bid to halt the action, Reuters reported on Wednesday, citing Industry Minister Ryosei Akazawa.Akazawa said the government remains in close contact with Inpex and is tracking labour negotiations, fuel procurement, and utilities' contingency measures to maintain stable energy supplies, the newswire said.The Offshore Alliance reportedly plans to extend the strike until July 6, potentially disrupting LNG shipments from the facility, which produces roughly 9.3 million tons annually, the publication said.The project is majority-owned by Inpex at 67.82%, with TotalEnergies, Taiwan's CPC, Osaka Gas(TYO:9532), Kansai Electric Power (TYO:9503), JERA and Toho Gas (TYO:9533) holding the remainder, the report said.Japanese utilities, including equity partners along with Kyushu Electric (TYO:9508) and Tokyo Gas( TYO:9531), collectively purchase about 5.7 million tons per year from the project, it said.Inpex declined to comment on the strike's effect on production or shipment volumes, the news agency said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:1605TYO:9503TYO:9508TYO:9531TYO:9532TYO:9533
Asia

Japanese Shares Hit Record Highs Led By Tech Stocks

Japanese shares crossed a record high of 67,000 in Monday's trade to close higher, tracking Asian peers that also posted gains driven by optimism over investments in artificial intelligence.The Nikkei 225 pared early gains to close up 604.83 points or 0.9% at 66,934.33.The focus on technology stocks helped overcome caution around the slow progress in the negotiations for a peaceful resolution of the ongoing geopolitical tensions in Iran.The gains were led by the SoftBank Group (TYO:9984), the investment company that focuses heavily on AI, closing up over 14% after extending its gains from last week. The surge in the company's share price on Monday helped SoftBank to push its market capitalization to over 47 trillion yen, making it the most valuable company on the Tokyo exchange for the first time in over two decades.It was also reported that on Sunday, SoftBank Group (TYO:9984) has committed to developing and operating 5 gigawatts of artificial intelligence data center capacity in France, with a pledge to invest up to 75 billion euros.Also, Japanese technology group Kioxia Holdings Corp (TYO:285A) closed higher by over 10%.In other corporate news, Kansai Electric Power (TYO:9503) plans to build new liquefied natural gas-fired plants as part of a broader push to increase generating capacity by about 30% by fiscal 2040, Nikkei Asia reported Monday, citing President Nozomu Mori.Also, Shionogi & Co's (TYO:4507) has received the US Food and Drug Administration's approval for its Xocova or ensitrelvir as the first and only oral antiviral for post-exposure prophylaxis of COVID-19 in individuals aged 12 and older, according to a Tokyo bourse filing on Monday.

Nikkei 225TYO:285ATYO:9503TYO:9984
Asia

Market Chatter: Kansai Electric Eyes New LNG Plants to Boost Capacity 30% by 2040

The Kansai Electric Power (TYO:9503) plans to build new liquefied natural gas-fired plants as part of a broader push to increase generating capacity by about 30% by fiscal 2040, Nikkei Asia reported Monday, citing President Nozomu Mori.This move is driven by rising electricity demand from semiconductor companies and data centers, the report said.Under a new group plan calling for 15 trillion yen in investments by 2040, the company intends to replace older LNG thermal facilities with more efficient equipment while also building entirely new ones, the publication said.Beyond its home base in the Kansai region, the company plans to collaborate with partners to develop thermal and renewable energy sources, the report said.However, Mori noted that it is still too early to assess the earnings impact from rising fossil fuel costs due to Middle East tensions, the report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:9503
Asia

The Kansai Electric Power to Transfer MOACT App Business to New Subsidiary via Company Split

The Kansai Electric Power (TYO:9503) has agreed to resolved to transfer its behavioural change application MOACT business to a newly established wholly owned subsidiary, MOACT Inc, via a simplified incorporation-type company split.The move was approved on May 26 and scheduled for completion on July 1, according to a Tokyo bourse filing.Under the split, the new company will issue 100 shares of common stock, all to be allotted to Kansai Electric, and will succeed assets worth 279 million yen and liabilities of 54 million yen related to the MOACT business as of April 30.The MOACT business generated net sales of 15 million yen for the fiscal year ended March.

TYO:9503
Asia

Kansai Electric Power's Profit Declines 9.6% in Fiscal 2026

The Kansai Electric Power's (TYO:9503) profit attributable to owners of the parent fell 9.6% to 380.1 billion yen in fiscal year 2026 from 420.4 billion yen a year earlier.The nuclear electric power producer's basic earnings per share declined to 341.14 yen from 436.09 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales dropped 6.5% to 4.057 trillion yen in the year ended March 31 from 4.337 trillion yen in the prior year.Kansai Electric Power declared a final dividend of 45 yen per share, payable from June 26.For fiscal year 2027, the company expects attributable profit of 310 billion yen, basic EPS of 278.26 yen, and net sales of 4.500 trillion yen.Kansai Electric Power plans to pay interim and year-end dividends of 40 yen per share each for the year, higher than the amount paid in the year-ago period.

TYO:9503

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