TYO:9508

Kyushu Electric Power's Profit Climbs 31% in Fiscal Q1

Kyushu Electric Power's (TYO:9508) recorded a 31% rise in attributable profit in the first fiscal quarter to 61.1 billion yen from 46.7 billion yen a year prior.Basic EPS increased to 126.17 yen from 95.85 yen previously, according to a Friday Tokyo bourse filing.The power distribution company's net sales jumped 6.9% to 532.7 billion yen from 498.3 billion yen in the year-ago period.The company expects an attributable profit of 130 billion yen, basic EPS of 262.70 yen, net sales of 2.3 trillion yen, and a total dividend of 50 yen per share for the fiscal year ending March 31.

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.)

Okasan Securities Starts Kyushu Electric Power Company at Buy with 2,150 Yen Price Target

Kyushu Electric Power Unit Submits Second Report on Missing Storage Device with Customer Data

Kyushu Electric Power (TYO:9508) said that its unit, Kyushu Electric Power Transmission and Distribution Co., submitted a second report to Japan's Ministry of Economy, Trade and Industry on a missing external storage medium with customer information.The report follows a request from the ministry after an external backup storage medium went missing from an unlocked cabinet inside a secured server room, according to a Wednesday filing with the Tokyo Stock Exchange.The company said that the report details the facts surrounding the incident, its cause, and measures to prevent a recurrence, and no leakage of customer information has been confirmed so far.The affected customers will be notified individually beginning in early August once the details are finalized.

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.)

Kyushu Electric Power Subsidiary Loses Storage Device with Customers' Data

A subsidiary of Kyushu Electric Power (TYO:9508) has reported that an external backup storage medium went missing from an unlocked cabinet inside a secured server room.The device contains customer names, addresses, electricity usage data, and phone numbers, but no bank account or credit card information, according to a Tokyo bourse filing on Tuesday.The backup was created due to insufficient server capacity, and the loss was discovered on May 26 after being confirmed present on April 27.No data leakage has been confirmed so far, and investigations have not ruled out unauthorized removal.Authorities including the Personal Information Protection Commission have been notified, and affected customers will be contacted individually.The company is continuing its search and will implement measures to prevent a recurrence.

Kyushu Electric Power's Profit Jumps 20% in Fiscal Year 2025

Kyushu Electric Power's (TYO:9508) profit attributable to owners of the parent rose 20% to 154.54 billion yen for the fiscal year 2025 from 128.77 billion yen a year earlier.The power distribution company's basic earnings per share increased to 314.65 yen from 260.14 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales slipped 4.7% to 2.247 trillion yen for the year ended March 31 from 2.357 trillion yen in the prior year.The company declared a final dividend of 25 yen per share, payable from June 26.For the fiscal year 2026, the company expects attributable profit of 130 billion yen, basic EPS of 262.70 yen, and net sales of 2.3 trillion yen.Kyushu Electric Power plans to pay interim and year-end dividends of 25 yen per share each for the year.Kyushu Electric Power's shares gained more than 2% in early trade.