Kyushu Electric Power's plan to reorganize under a new holding company took another procedural step on August 3, 2026, when the not-yet-incorporated entity KYUDEN Holdings Inc. filed an amended securities registration statement covering the reorganization and planned listing, marked as the third submission of the document. As of the filing date, KYUDEN Holdings has no legal existence: the filing itself states the company is unestablished and that incorporation is planned for October 1, 2026.
The filing sets out how many shares the future holding company expects to issue. KYUDEN Holdings plans to issue 474,183,951 ordinary shares and 2,000 Class B preferred shares, a combined 474,185,951 new shares.
| Feature | Detail |
|---|---|
| New ordinary shares planned | 474,183,951 shares |
| New Class B preferred shares planned | 2,000 shares |
| Total new shares planned | 474,185,951 shares |
| Registered offering amount | ¥503.7bn (unconfirmed as of the filing date) |
| Planned board composition | 7 male, 3 female officers (30% female) |
| Filing office | Fukuoka Local Finance Bureau |
The registered offering amount attached to the filing is ¥503.7bn (503,706 million yen), and the document is explicit that the figure is not final. It states the amount is unconfirmed as of the filing date and is calculated from Kyushu Electric Power's book-value shareholders' equity as of March 31, 2026, minus the issuance price of the Class B preferred shares. The new parent's price tag, in other words, is being backed into from the operating utility's balance sheet rather than fixed by a transaction.
The filing also discloses governance detail for the planned holding company. Its directors and other officers are set to number seven men and three women, a 30% female ratio. It names an incoming representative director and president, but only in Japanese script in the cover-page fields reviewed for this article; no English-language rendering of that name appears in those fields. The statement was submitted to the Fukuoka Local Finance Bureau, and lists a Kyushu Electric Power corporate-strategy staffer as the contact for inquiries about it.
What the reviewed filing excerpt does not spell out is the exchange mechanics: how Kyushu Electric Power shares convert into KYUDEN Holdings shares, or a confirmed listing venue and date for the new company. Those terms sit elsewhere in the statement, and readers should treat the ¥503.7bn figure as a placeholder until KYUDEN Holdings itself exists.