Latest Tokyo Brief coverage on Kyushu Electric Power Company, Incorporated, tracking filings, financial news, and market signals from Japan.
TSE:9508
A sole share transfer created a pure holding company above Kyushu Electric Power on October 1, the same date its former chairman and president took the same posts at the parent and a 1990 joiner became the utility's president.
An SSD backup drive holding 13.54 million customer records vanished from an unlocked cabinet at Kyushu Electric Power Transmission and Distribution, and METI has now received the company's formal account of what went wrong.
Revenue slipped to ¥2.25tn in the year to March, but ordinary income still rose to ¥207.06bn and profit attributable to owners of parent to ¥154.54bn. Total assets reached ¥5.98tn and net assets ¥1.23tn, which keeps the group in the useful category of large, profitable and no longer explaining away a crisis year.