April 26, 2024
For immediate release
Company:

Kyudenko Corporation

Representative:

Kazuyuki Ishibashi
Executive Officer
Representative President

Security code:

1959(Tokyo Stock Exchange[Prime], Fukuoka Stock
Exchange)

Inquiries:

Toshiyuki Suetsugu
General Manager, Business
Administration Dept.
(Phone: +81(0)-92-523-6386)

Notice Concerning Controlling Shareholder Information
1.

Names of parent company, controlling shareholders (excluding parent company), and otheraffiliates (As of March 31, 2024)
Percentage of voting rights (%)

2.
(1)
(2)

(3)

(4)

Name

Attribute

Kyushu ElectricPower Co., Inc.

Otheraffiliate

Directly owned Constructively owned

22.58

0.17

Total

22.75

Financial instruments exchange, etc.,
where shares are listed
Tokyo Stock Exchange Prime Market
Fukuoka Stock ExchangeRole of listed company in the corporate group of the parent company or other entity andrelationship with other listed companies and parent company or other entity
Kyudenko is an equity-method affiliate of the Kyushu Electric Power Group, which is operated by
Kyushu Electric Power Co., Inc.
Kyudenko performs construction work involving power transmission equipment and other facilities
operated by the Kyushu Electric Power Group. Contracts from the Kyushu Electric Power Groupaccount for 12.0% of all work completed by Kyudenko during the current fiscal year.
The terms under which construction work is ordered are determined through price negotiations inline with standard transaction terms based on a consideration of market pricing and other relevant
factors.
Personnel relationships include three employees who have been seconded from the Kyushu
Electric Power to Kyudenko’s digital transformation department and other departments and twoemployees who have been seconded from the Kyushu Electric Power Group to Kyudenko’s
transmission construction department and other departments.
Although Kyudenko is engaged in construction transactions as well as personnel and capital
relationships with the Kyushu Electric Power Group as described above, Kyudenko believes it hasestablished a certain degree of independence since its area of business (facilities construction)differs from that of the Kyushu Electric Power Group, and because it conducts its businessactivities in accordance with its own management policies and management decision-making.

3.

Transactions with controlling shareholders and others (April 1, 2023, to March 31, 2024)
Type

Other
affiliates

Name ofcompany orother entity

KyushuElectricPower Co.,
Inc.

Address

CapitalBusiness(Millions of yen)Chuo-ku,
Fukuoka

237,304

Power
business

Percentage
of votingrightsowned (%)

Relationship

Performs
Direct:construction work
22.58
under contract
Indirect:
0.17
Sells electricity

Nature ofbusiness

Value ofbusinessEnd-of-year
Account(Millions of yen)Contracted
construction
workElectricity sold

2,562

1,537

balance(Millions of yen)Accounts
receivablefrom
completed
construction
contracts

1,319

Costs ofuncompleted
construction
contracts

2

Accountsreceivable

104

Notes:
1. The value of business as listed above does not include consumption tax or other taxes, but theend-of-year balances include consumption tax and other taxes.
2. The terms under which construction work is ordered are determined through price negotiations inline with standard transaction terms based on a consideration of market pricing and other relevant
factors.
3. Selling prices are determined by Japan’s feed-in tariff scheme and other factors.
Note: This document has been translated from the Japanese original for reference purposes only. Inthe event of any discrepancy between this translated document and the Japanese original, the original
shall prevail.