Earnings, deals and disclosures from Japan's listed energy & utilities companies, in English.
Astmax expects to book about ¥650mn in operating profit after selling its 42MW Komoro battery storage project and adjoining land to Hulic, the parent of its largest shareholder, and plans to return as the plant's grid aggregator once it opens in December 2027.
A pro-rated buyback into JX Metals' own tender offer trimmed ENEOS Holdings' stake from 42.38% to 35.28%, a shift worth roughly ¥194.8bn according to the filing's own disclosure.
Okinawa Electric Power wants Japan's industry ministry to lift its five-year grid-wheeling revenue cap by ¥15.7bn to ¥362.1bn, blaming inflation and interest costs its 2023 plan never priced in, with new rates targeted for November 2026 pending approval.
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.
The catch: Hokuriku Electric's shareholders wanted to cut the dividend to ¥5 a share and send the difference to Noto earthquake relief and rate cuts; the board's ¥15 payout won with 98% support instead. Six separate proposals to quit nuclear power and reprocessing were also voted down, though the filing doesn't disclose how close those specific votes were.
The move: TEPCO’s 13-director slate was approved, but 190 shareholders used the annual meeting to press a charter amendment for a Kashiwazaki-Kariwa accident fund, revised from ¥23.4tn to ¥3.8tn and designed to be funded through customer electricity charges.
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.
Tokyo Electric Power has drawn another ¥34.4bn from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation, the 170th funding delivery tied to Fukushima compensation. The company said payments due by end-July will exceed the ¥11.5122tn it had already received from the body and the ¥188.9bn received under the compensation law. The transfer sits under the revised special business plan approved on March 31, which is a bureaucratic way of saying the pipeline is still very much open.
The utility's amended report for the six months to September 2024 showed sales at ¥2.14tn, while ordinary income dropped to ¥319.24bn and operating cash flow to ¥136.29bn.
Revenue fell to ¥2.01tn and ordinary income slipped to ¥315.0bn in the six months to September, but profit attributable to owners rose to ¥232.9bn and net assets reached ¥3.31tn.
Revenue slipped to ¥11.77tn, but operating profit recovered to ¥466.6bn and parent profit rose to ¥258.7bn, while equity attributable to owners reached ¥3.37tn. Lower top line, stronger profit and equity: not elegant, but effective.
ENEOS said 57,274,900 JX Metals shares will be sold into the self-tender at ¥3,401 each, for gross proceeds of ¥194.8bn. Its stake falls to 35.28% from 42.38%, though the company notes the before-and-after percentages use different share-count bases.
Digital Grid raised its full-year outlook to ¥6.595 billion in revenue and ¥1.919 billion in net profit after nine-month net profit rose 17.9% to ¥1.872 billion. Management said Power PF and Renewable PF recognized more revenue than budgeted, while the AS business also helped. The read-through is positive, but not just because of the core platform: Renewable PF sales rose 54.6% over the first nine months, and presentation materials showed DGP fee revenue eased quarter on quarter even as handled power volume edged up.
Digital Grid raised its outlook for the year to July to ¥6.595 billion in sales, ¥2.836 billion in operating profit and ¥1.919 billion in net profit, after nine-month profit already ran past the old plan. Management pointed to faster-than-budgeted revenue recognition in the electricity and renewable platform businesses and firm battery-related aggregation services. The asterisk is that some platform fee trends softened quarter on quarter, and the company says further reserve-market price-cap cuts could still hurt the AS business.
Kinden's self-tender bought 33.5 million shares from Kansai Electric and its subsidiary out of 73,412,898 tendered, setting up planned special profit of about ¥176 billion on parent-only accounts and about ¥105 billion on a consolidated basis for the year to March 2027. The useful distinction is that this is a one-off gain from trimming an equity-method affiliate stake, not a clean read on recurring earnings.