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kansai electric power co inc (9503) Snapshot

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10/21/13 - ¥1,361
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kansai electric power co inc (9503) Details

The Kansai Electric Power Company, Incorporated is engaged in energy supply, amenity services, and information and telecommunications businesses primarily in Japan. It offers electricity to residential, commercial, and industrial customers. The company owns and operates nuclear, hydropower, thermal, solar, wind, and biomass power generation facilities. It also provides Internet services for individual customers; services for corporate customers; cable broadcasting services; and leases telecommunication equipment. In addition, the company develops, uses, and maintains systems; designs, sells, and leases software; and designs, establishes, and maintains information processing and telecommunications facilities. Further, it operates LNG terminals; constructs and maintains utilities equipment, including electricity and heat; and acts as a gas sales agent. Additionally, the company sells, leases, and administrates real estate properties; provides billing, loan, and home security services; operates private old people’s homes; and offers day services, nursing care, and home and health care support services. It also develops building; sells houses and green projects; administers office buildings, commercial facilities, and hospitals; parking management services; sells residential facilities and equipment; undertakes construction subcontracting and renovation works; maintains and constructs electricity circulation facilities, electric facilities, and communication systems; and produces and sells overhead wire hardware, insulators, bushing, steel tube pillars, concrete pillars, and material and machine parts that supply electricity. In addition, the company investigates, designs, constructs, and manages civil engineering, environmental, and construction facilities; and provides lease, car maintenance, and insurance agency services. The company was founded in 1951 and is headquartered in Osaka, Japan.

Founded in 1951

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kansai electric power co inc (9503) Key Developments

The Kansai Electric Power Company, Incorporated Announces Consolidated Unaudited Financial Results for the First Quarter Ended June 30, 2014; Provides Earnings Guidance for the Six Months Ending September 30, 2014

The Kansai Electric Power Company, Incorporated announced consolidated unaudited financial results for the first quarter ended June 30, 2014. For the quarter, the company reported recurring loss of JPY 32.2 billion against recurring loss of JPY 42.5 billion a year ago. Sales were grew 10.3% from a year before to JPY 791.279 billion. Operating Revenue was JPY 791,279 million against JPY 717,543 million a year ago. Operating loss was JPY 39,805 million against JPY 27,838 million a year ago. Net loss was JPY 29,041 million or JPY 32.50 per share against net loss of JPY 33,472 million or JPY 37.46 per share a year ago. Loss before minority interests was JPY 25,772 million against JPY 35,879 million a year ago. For the six months ending September 30, 2014, on consolidated basis, the company expects to report operating revenues of JPY 1,700 billion, operating loss of JPY 40 billion, ordinary loss of JPY 40 billion, net loss of JPY 29 billion and net loss per share of JPY 32.46. For the six months ending September 30, 2014, on non-consolidated basis, the company expects to report operating revenues of JPY 1,530 billion, operating loss of JPY 55 billion, ordinary loss of JPY 50 billion, net loss of JPY 30 billion and net loss per share of JPY 33.56.

The Kansai Electric Power Company, Incorporated to Report Q1, 2015 Results on Jul 30, 2014

The Kansai Electric Power Company, Incorporated announced that they will report Q1, 2015 results on Jul 30, 2014

Residents Win Court Order to Ban Restart of Oi N-Reactors of Kansai Electric Power Co

Fukui District Court ordered Kansai Electric Power Co. not to restart the No. 3 and No. 4 reactors at its Oi nuclear power plant in Fukui Prefecture, central Japan. The ruling on the lawsuit, filed in November 2012 by 189 plaintiffs, mainly local residents, comes at a time when the government plans to restart idled nuclear reactors once the Nuclear Regulation Authority confirms their safety. Before the accident, Kanazawa District Court ordered Hokuriku Electric Power Co. in 2006 to stop running the No. 2 unit of its Shika nuclear plant in Ishikawa Prefecture, east of Fukui. The verdict, however, was overturned by a higher court. The Oi power station has defects in cooling equipment and structures to contain radioactive materials that are crucial to dealing with huge quakes. Kansai Electric contended that the safety of important equipment and facilities at the nuclear plant would be secured unless seismic motions exceed 1,260 gals. The Fukui court recognized the validity of claims from the 166 plaintiffs who live within 250 kilometers from the Oi power station. In setting the range, the court took into consideration central government discussions on the possibility of evacuating all residents within 250 kilometers of the Fukushima No. 1 plant in an early phase of the country's worst nuclear accident.


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