Earnings, deals and disclosures from Japan's listed energy & utilities companies, in English.
erex has sold ¥8.4bn of unsecured bonds in 1.5-, 3- and 5-year tranches priced at 2.740%, 3.506% and 4.516%, the first drawdown under a ¥50bn shelf registration filed in July, with most of the proceeds set to repay bonds maturing next spring and fund growth spending that includes renewable energy.
Chubu Electric has pulled its Hamaoka Units 3 and 4 restart applications after an independent inquiry found staff manipulated seismic wave selections for years and then built paperwork to disguise it, prompting the exit of both the president and chairman.
Shikoku Electric Power Transmission & Distribution will lift wheeling charges across every voltage class from November 1, adding a net ¥33.8bn to projected revenue over two years, but the parent utility still has not decided how much of that increase reaches retail electricity bills.
Kansai Transmission and Distribution's METI filing raises wheeling tariffs at every voltage level from November 1, with low-voltage connections taking the biggest hit, up ¥1.22 to ¥9.04 per kWh, a cost retail electricity suppliers pay before any pass-through to customer bills is decided.
An outside panel has completed its investigation into how Chubu Electric wrongly assessed ground motion at Hamaoka Units 3 and 4, but the utility says only a redacted version will be published later and it still cannot quantify any hit to earnings.
Digital Grid's contracted power capacity jumped 38% and revenue hit a record, but the company guided next year's operating profit down 5% and its net profit down nearly 18%, as a debt-funded pivot into owning grid-scale batteries cut its equity ratio to 34.1% and pushed operating cash flow negative.
Daiwa, Nomura and Mizuho will underwrite a Kansai Electric transition bond earmarked for nuclear-restart safety work, hydrogen co-firing research and grid renewal, but the utility still has not disclosed how large the issue will be.
Hokkaido Electric Power priced a 3.458% coupon on ¥30bn of new 10-year bonds and is routing the proceeds to its grid subsidiary for renewable-linked network upgrades, including expansion of the undersea interconnection with Honshu.
Storm-damaged roads and a slow-moving power permit process have pushed Nittetsu Mining's copper mine project in Chile past its July-to-September target, and the company still won't say when output will begin or what it will cost.
METI has approved a revised wheeling-charge revenue forecast for Shikoku Electric Power Transmission & Distribution, with new unit prices due from November 2026, but the parent still hasn't decided whether the revision will reach retail electricity bills.
A quarter of the ¥32.12bn spent buying up Shikoku Electric Power shares was borrowed, and more than 10 million of the acquired shares are already pledged to two banks as collateral.
Kansai Electric says its 826,000-kilowatt Mihama Unit 3 reactor, shut down in May after a high-pressure turbine steam leak, is scheduled to reconnect to the grid on September 15 once startup preparations following a casing-cap replacement are complete.
Japan Petroleum Exploration completed the sale of one listed security for a ¥8.72bn gain, above the ¥6.0bn it estimated on August 6, and kept its full-year earnings forecast as is.
Kansai Electric will overhaul extra-high-voltage and high-voltage rate menus from November 1, citing inflation and rising capacity and non-fossil-certificate costs, and its own bill examples show the largest industrial users facing increases of about ¥22.22mn a month, a figure that excludes a separate, still-unpublished transmission-fee revision due the same day.
Japan Credit Rating Agency lifted RENOVA's long-term issuer and bond ratings to BBB+ from BBB, saying cash flow from newly full-scale biomass plants and a growing battery-storage business justify the change.
Tokyo Gas will be able to sell up to ¥400bn in bonds once its new shelf registration takes effect on August 26, but the filing fixes no coupon, maturity, or size for any individual note before then.
Longer Middle East shipping routes and rising crude prices turned Idemitsu Kosan's refining timing lag into a ¥217.5bn quarterly profit, but the oil major has left its far more modest full-year forecast untouched.
A loss-of-field alarm tripped the generator at Kansai Electric's Ohi Unit 3 on August 8, forcing an automatic reactor shutdown that the utility says caused no radioactive release, with the cause still under investigation.
Middle East disruption cut INPEX's crude sales nearly a quarter in the first half, but higher prices, a weaker yen and steady Ichthys output pushed the energy explorer to raise its full-year profit forecast to a record ¥510bn, fund a ¥140bn buyback and lift its dividend to ¥112 a share.
A ¥6bn gain from selling one listed stock, rather than a rebound in crude sales, is doing much of the work in Japan Petroleum Exploration's higher full-year profit forecast, after quarterly profit fell 79% on costly spot LNG cargoes.
A three-month gap between rising fuel costs and the tariffs that recover them cut Osaka Gas's quarterly ordinary profit by 15.3%, while the loss of a one-off insurance payout booked a year earlier pulled net profit down 26.5%. The utility still lifted its full-year sales forecast by ¥100bn while leaving profit guidance and its dividend untouched.
Tokyo Electric Power Holdings booked a ¥34.3bn operating loss for the quarter through June as fuel and wholesale power costs pushed its retail and grid businesses into the red, and the utility still isn't giving a full-year profit forecast.
Toho Gas's first-quarter operating profit fell 61.5% to ¥7.64bn after Japan's fuel-cost pass-through mechanism flipped from a gain to a loss amid $112.7 crude and a ¥159.6-to-the-dollar yen, even as the company keeps its full-year guidance unchanged.
Hokkaido Electric's first public hybrid bond fixes a 3.393% coupon until 2033, runs to a 2063 maturity, and gives the utility discretion to defer interest payments, terms that let R&I and JCR count half the ¥80bn issue as equity rather than debt.