# EDGAR Filing Document

**Accession Number:** 0002004705
**File Stem:** 0000950103-26-004705
**Filing Date:** 2026-3
**Character Count:** 66506
**Document Hash:** 0d19a79d19d42542790ba69c3d69e03b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-26-004705.hdr.sgml**: 20260326

**ACCESSION NUMBER**: 0000950103-26-004705

**CONFORMED SUBMISSION TYPE**: CB/A

**PUBLIC DOCUMENT COUNT**: 16

**FILED AS OF DATE**: 20260326

**DATE AS OF CHANGE**: 20260326

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kyushu Electric Power Company, Inc.
- **CENTRAL INDEX KEY:** 0002004705

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** M0
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** CB/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-94315
- **FILM NUMBER:** 26798776

**BUSINESS ADDRESS:**
- **STREET 1:** 2-1-82 WATANABE-DORI, CHUO-KU,
- **CITY:** FUKUOKA
- **STATE:** M0
- **ZIP:** 810-8720
- **BUSINESS PHONE:** 81-92-761-3031

**MAIL ADDRESS:**
- **STREET 1:** 2-1-82 WATANABE-DORI, CHUO-KU,
- **CITY:** FUKUOKA
- **STATE:** M0
- **ZIP:** 810-8720
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kyushu Electric Power Company, Inc.
- **CENTRAL INDEX KEY:** 0002004705

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** M0
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** CB/A

**BUSINESS ADDRESS:**
- **STREET 1:** 2-1-82 WATANABE-DORI, CHUO-KU,
- **CITY:** FUKUOKA
- **STATE:** M0
- **ZIP:** 810-8720
- **BUSINESS PHONE:** 81-92-761-3031

**MAIL ADDRESS:**
- **STREET 1:** 2-1-82 WATANABE-DORI, CHUO-KU,
- **CITY:** FUKUOKA
- **STATE:** M0
- **ZIP:** 810-8720

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549**

**Form CB**

**(Amendment No. 3)**

**TENDER OFFER/RIGHTS OFFERING NOTIFICATION FORM<br>** 

<br> Please place an X in the box(es) to designate the appropriate rule provision(s) relied upon to file this Form:

---

| | |
|:---|:---|
| Securities Act Rule 801 (Rights Offering) | [ ] |
| Securities Act Rule 802 (Exchange Offer) | [x] |
| Exchange Act Rule 13e-4(h)(8) (Issuer Tender Offer) | [ ] |
| Exchange Act Rule 14d-1(c) (Third Party Tender Offer) | [ ] |
| Exchange Act Rule 14e-2(d) (Subject Company Response) | [ ] |

---

**Kyushu Denryoku Kabushiki Kaisha**<br> (Name of Subject Company)

**Kyushu Electric Power Company, Inc.**<br> (Translation of Subject Company's Name into English (if applicable))

**Japan**<br> (Jurisdiction of Subject Company's Incorporation or Organization)

**Kyushu Electric Power Company, Inc.**<br> (Name of Person(s) Furnishing Form)

**Common Stock**<br> (Title of Class of Subject Securities)

**N/A**<br> (CUSIP Number of Class of Securities (if applicable))

**Kyushu Electric Power Company, Inc.<br> Attn: Takahiro Iwanaga<br> 2-1-82 Watanabe-dori, Chuo-ku, Fukuoka, 810-8720, Japan<br> +81-92-726-1595**

(Name, Address (including zip code) and Telephone Number (including area code) of<br> Person(s) Authorized to Receive Notices and Communications on Behalf of Subject Company)

**N/A**<br> (Date Tender Offer/Rights Offering Commenced)

**PART I - INFORMATION SENT TO SECURITY HOLDERS**

**Item 1. Home Jurisdiction Documents**

&nbsp;&nbsp;&nbsp;&nbsp;(a) The following document is attached hereto as an exhibit to this form:

---

| | |
|:---|:---|
| ***<u>Exhibit No.</u>*** | ***<u>Description</u>*** |
| 99.1\* | Press release dated January 31, 2024 titled "Consideration of a new group structure" |
| 99.2\*\* | Press release dated July 31, 2024 titled "Preparations begin for transition to holding company structure" |
| 99.3\*\* | Press release dated July 31, 2024 titled "Notice of Commencement of Preparations for Transition to a Holding Company via Sole-Share Transfer" |
| 99.4\*\*\* | Press release dated October 31, 2025 titled "Notice Regarding the Status of Consideration of Transitioning to Holding Company **–** Aiming for further growth of the Kyuden Group **–**" |
| 99.5\*\*\* | Press release dated October 31, 2025 titled "Notice Regarding the Status of Consideration of Transitioning to Holding Company" |
| 99.6 | [Press release dated March 26, 2026 titled "Decision on Transition to a Holding Company Structure – Aiming for further growth of the Group –"](dp244124_ex9906.htm) |
| 99.7 | [Press release dated March 26, 2026 titled "Notice on Transition to a Holding Company Structure via Sole-Share Transfer"](dp244124_ex9907.htm) |
| 99.8 | [Press release dated March 26, 2026 titled "Notice Concerning Tentative Decisions on Appointments of Representative Directors and Other Executive Officers"](dp244124_ex9908.htm) |
| 99.9 | [Press release dated March 26, 2026 titled "Notice Concerning Tentative Decisions on Appointments of Representative Directors and Other Executive Officers"](dp244124_ex9909.htm) |

---

_________________

\*Previously furnished to the Securities and Exchange Commission on Form CB on January 31, 2024

\*\*Previously furnished to the Securities and Exchange Commission on Form CB on July 31, 2024

\*\*\*Previously furnished to the Securities and Exchange Commission on Form CB on October 31, 2025

&nbsp;&nbsp;&nbsp;&nbsp;(b) N/A

**Item 2. Informational Legends**

A legend complying with Rule 802 under the Securities Act of 1933, as amended, has been included in the documents referred to in Item 1.

**PART II - INFORMATION NOT REQUIRED TO BE SENT TO SECURITY HOLDERS**

N/A

**PART III - CONSENT TO SERVICE OF PROCESS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) A written irrevocable consent and power of attorney on Form F-X was previously filed with the Securities and Exchange Commission on
January 31, 2024.

**PART IV - SIGNATURES**

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| | | |
|:---|:---|:---|
| **Kyushu Electric Power Company, Inc.** | **Kyushu Electric Power Company, Inc.** | **Kyushu Electric Power Company, Inc.** |
| By: | /s/ Hiroto Kido | /s/ Hiroto Kido |
|  | Name: | Hiroto Kido |
|  | Title: | Member of The Board of Directors <br> Senior Managing Executive Officer <br> Executive Director of Corporate Strategy Division  |

---

Dated: March 26, 2026

## Exhibit 99.6

**Exhibit 99.6**

---

| | |
|:---|:---|
| ![](image_002.jpg) | ![](image_001.jpg) |

---

March 26, 2026

Kyushu Electric Power Co., Inc.

**Decision on Transition to a Holding Company Structure**

**– Aiming for further growth of the Group –**

This exchange offer or business combination is made for the securities of a foreign company. The offer is subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in the document, if any, have been prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies.<br>It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since the issuer is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.<br>You should be aware that the issuer may purchase securities otherwise than under the exchange offer, such as in open market or privately negotiated purchases.<br>This document has been translated from the Japanese-language original document for reference purposes only. In the event of any conflict or discrepancy between this document and the Japanese-language original, the Japanese-language original shall prevail in all respects. <br>

Kyushu Electric Power Co., Inc. (the "Company") has been preparing to transition to a holding company structure with the aim of achieving group management from an overall optimization perspective and autonomous and prompt business operations (as previously announced on October 31, 2025).

At a meeting of the Board of Directors held today, the Company resolved the following matters:

① subject to the approval under special resolution at the 102nd Ordinary General Meeting of Shareholders scheduled to be held on June 25, 2026, to establish Kyuden Holdings Inc. a holding company (hereinafter referred to as the "Holding Company"), on October 1, 2026; and

② to transition to a holding company structure through the transfer of related businesses and the reorganization of Group companies on April 1, 2027.

Accordingly, we hereby announce the above as follows.

---

| | |
|:---|:---|
| ![](image_002.jpg) | ![](image_001.jpg) |

---

&nbsp;&nbsp;&nbsp;&nbsp;1. Procedures and Schedule
for Transitioning to Holding Company Structure

&nbsp;&nbsp;&nbsp;&nbsp;① Establishment of the Holding
Company

On October 1, 2026, the Company will establish the Holding Company as a new company that will become the Company's sole parent company.

&nbsp;&nbsp;&nbsp;&nbsp;② Transfer
of Related Businesses and Restructuring of Major Business companies

On April 1, 2027, the Company will transfer its hydroelectric power generation business and urban development business to Kyuden Mirai Energy Co., Ltd. and Kyuden Urban Development Inc., a newly established company, respectively.

In addition, on the same date, the Company will reorganize its major operating companies so that they will become subsidiaries directly held by the Holding Company.

![](image_003.jpg)

---

| | |
|:---|:---|
| ![](image_002.jpg) | ![](image_001.jpg) |

---

&nbsp;&nbsp;&nbsp;&nbsp;2. Overview
of the Holding Company (Planned)

---

| | |
|:---|:---|
| (1) Name | KYUDEN Holdings Inc. |
| (2) Location | 1-82 Watanabe-dori 2-chome, Chuo-ku, Fukuoka City, Fukuoka Prefecture |
| (3) Title and Name of Representative | Representative Director, President & Chief Executive Officer <br> Masaru Nishiyama  |
| (4) Business Description | Management of Group companies and related businesses |
| (5) Capital | JPY 237,304,863,699 |
| (6) Date of Establishment | October 1, 2026 |
| (7) Fiscal Year End | March 31 |

---

&nbsp;&nbsp;&nbsp;&nbsp;3. Organization
of the Holding Company (Planned)

![](image_004.jpg)

---

| | |
|:---|:---|
| ![](image_002.jpg) | ![](image_001.jpg) |

---

Reference

Organizational Structure of the Kyushu Electric Power after October 2026 (planned)

![](image_005.jpg)

## Exhibit 99.7

**Exhibit 99.7**

![](image_001.jpg)

**Notice on Transition to a Holding Company Structure via Sole-Share Transfer**

This exchange offer or business combination is made for the securities of a foreign company. The offer is subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in the document, if any, have been prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies.<br>It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since the issuer is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.<br>You should be aware that the issuer may purchase securities otherwise than under the exchange offer, such as in open market or privately negotiated purchases.<br>This document has been translated from the Japanese-language original document for reference purposes only. In the event of any conflict or discrepancy between this document and the Japanese-language original, the Japanese-language original shall prevail in all respects. <br>

Following the announcement dated July 31, 2024, titled "Notice of Commencement of Preparations for Transition to a Holding Company via Sole-Share Transfer", Kyushu Electric Power Co., Inc. (the "Company") has conducted various reviews.

As a result, at a meeting of its Board of Directors held today, the Company resolved that, subject to completion of the prescribed procedures including approval at the Ordinary General Meeting of Shareholders and Class Meeting of Shareholders scheduled to be held on June 25, 2026, it will conduct a sole-share transfer with an effective date of October 1, 2026 (scheduled) (the "Share Transfer") to establish Kyuden Holdings Inc. (the "Holding Company"), which will be a holding company (a non-operating holding company), and to approve the procedures and schedule for the transition to a holding company structure on April 1, 2027, subject to the completion of the Share Transfer. Additionally, as this is a sole-share transfer by the Company, which is a listed company, disclosure items and details are partially omitted and disclosed.

![](image_001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;**1.** **Background of considering the transition to a holding company structure** 

The Company is promoting various initiatives as one group in growth businesses that combine renewable energy, overseas operations, ICT services, and urban development with its integrated energy services business. This aims to contribute to a sustainable society and further evolution of the Group.

At the same time, the business environment surrounding the Company is entering a major turning period, marked by the destabilization of the state of world affairs, increasing electricity demand, and the rapid advancement of digital technology.

Even under such circumstances, the Company has, with nuclear safety as the top priority, examined a new group structure while pursuing further growth in its comprehensive energy services business, promoting further development of growth businesses in order to achieve its management vision. As a result, the Company has determined that transitioning to a holding company structure is the optimal option.

&nbsp;&nbsp;&nbsp;&nbsp;**2.** **Purpose of transitioning to a holding company structure and the group management structure to be achieved by the transition** 

The purpose of the transition is to establish a structure that can achieve "group management from an overall optimization perspective" and "autonomous and business operation" with the continuous improvement of nuclear safety as a prerequisite.

By establishing a holding company that does not have its own business, the Holding Company will steer and supervise group management and allocate optimal management resources across the group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Group
 management from an overall optimization perspective

Efforts will be made to optimize the allocation of management resources from a group-wide perspective and enhance group governance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Autonomous
 and prompt business operations

By carrying out business activities tailored to the respective business environments and characteristics under the responsibility and authority of each business company, it will contribute to enhancing the competitiveness of each business.

![](image_001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;**3.** **Transition approach and procedures** 

The company will transition to a holding company structure based on the following approach.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Establishment
 of a Holding Company via a Sole-Share Transfer

By establishing a Holding Company through the Share Transfer, which will have an effective date of October 1, 2026, the Company will become a wholly owned subsidiary of the Holding Company.

![](image_007.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Transfer
 of Interest-Bearing Debt

To build a Group finance structure under which funds are procured centrally by the Holding Company and to improve capital efficiency by centralizing fund procurement and debt repayment, the Company will transfer its interest-bearing debt to the Holding Company as of the end of March 2027, through the approach of absorption-type company split. (Please refer to the appendix.)

The details of the transfer will be announced once they have been determined.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Transfer
 of Related Businesses

To build a structure that enables autonomous and prompt business operations and to maximize business value, the Company will, on April 1, 2027, transfer its hydropower generation business (conventional hydropower and pumped storage) and urban development business to Kyuden Mirai Energy Company, Inc. and Kyuden Urban Development Co., Ltd., respectively, through the approach of absorption-type company splits.<br> The details of the reorganization will be announced once they have been determined.

---

| | |
|:---|:---|
| Note: | The transfer of the hydropower generation business to Kyuden Mirai Energy Company, Inc. is partially an additional disclosure to the contents disclosed in the "Notice Regarding Determination of Direction of Company Split (Simple Absorption-type Company Split) of Renewable Energy Generation Business" dated February 27, 2023. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Reorganization
 of Group Companies Following Establishment of the Holding Company

In order to complete the transition to the holding company structure, on April 1, 2027, the Company will transfer the shares it holds in Kyushu Electric Power Transmission and Distribution Co., Inc., Kyuden Mirai Energy Company, Inc., Kyuden International Corporation, QTnet, Inc., Kyuden Urban Development Inc. (to be established), and Kraftia Corporation to the Holding Company through the approach of absorption-type company splits. As a result, Kyushu Electric Power Transmission and Distribution Co., Inc., Kyuden Mirai Energy Company, Inc., Kyuden International Corporation, QTnet, Inc., and Kyuden Urban Development Inc. (to be established) will become wholly owned subsidiaries of the Holding Company.

![](image_001.jpg)

The details of this reorganization will be announced once they have been determined.

![](image_006.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;**4.** **Share transfer overview** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Schedule
 of the Share Transfer

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;Board of directors meeting for approval of the share transfer plan | March 26, 2026 (Today) |
| &nbsp;&nbsp;&nbsp;Record date for ordinary general meeting of shareholders | March 31, 2026 |
| &nbsp;&nbsp;&nbsp;Ordinary general meeting of shareholders for approval of the share transfer | June 25, 2026 |
| &nbsp;&nbsp;&nbsp;Delisting date for the Company | September 29, 2026 (Planned) |
| &nbsp;&nbsp;&nbsp;Date of registration of establishment of the Holding Company (effective date) | October 1, 2026 (Planned) |
| &nbsp;&nbsp;&nbsp;Date of listing of the Holding Company | October 1, 2026 (Planned) |

---

Note: The dates may be changed as necessary for the share transfer procedures or for other reasons.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Share
 transfer approach

The approach is sole-share transfer, by which the Company becomes a wholly owned subsidiary through the share transfer, and the Holding Company becomes the sole parent company established through the share transfer.

![](image_001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Allocation
 of shares in connection with the Share Transfer (share transfer ratio)

Company Name <u>KYUDEN Holdings Inc.<br> (Sole parent company after share transfer) </u> <u>Kyushu Electric Power Co., Inc.<br> (Wholly owned subsidiary after share transfer)</u> <br> <u>Share transfer ratio</u> <u>１</u> <u>１</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① Share
transfer ratio

The shareholders who own shares of the Company (common shares and Class B Preferred Shares) immediately prior to the Holding Company acquires all issued and outstanding shares of the Company via the Share Transfer will receive one share of the Holding Company's stock (common shares and Class B Preferred Shares, respectively) per share of the Company's stock (common shares and Class B Preferred Shares, respectively) owned.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② Number
of shares constituting one unit

The Holding Company will adopt a unit share system, under which one unit will consist of 100 shares for common shares and one share for Class B Preferred Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;③ Basis
for calculation of the share transfer ratio

The Share Transfer will establish a single wholly owning parent company with a wholly owned subsidiary via a sole-share transfer by the Company. There will be no change in shareholder composition for the Company or the Holding Company at the time of the Share Transfer. Therefore, placing the highest priority on avoiding any disadvantage or confusion to shareholders, each shareholder of the Company will be allocated one share of the Holding Company's stock (common shares and Class B Preferred Shares, respectively) for each share of the Company's stock (common shares and Class B Preferred Shares, respectively) owned.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;④ Third-party
entity

As described in ③ above, the Share Transfer is a sole-share transfer by the Company. Therefore, no valuation has been obtained from any third-party valuation institution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;⑤ Number
of new shares to be issued via share transfer (planned)

Common shares 474,183,951 shares (planned) <br> Class B Preferred Shares 2,000 shares (planned)

The above numbers of new shares are based on the total number of issued shares of the Company as of September 30, 2025. If the total number of shares issued by the Company changes prior to the effective date of the Share Transfer, the number of new shares to be allocated by the Holding Company will vary accordingly.

In addition, the Company plans to cancel, by the time immediately prior to the effective date of the Share Transfer, such number of its treasury shares as is practicably cancellable (including treasury shares acquired through the purchase of shares in response to the exercise of the right of shareholders to demand purchase of shares as provided in Article 806, Paragraph 1 of the Companies Act in connection with the Share Transfer). Accordingly, the number of new shares to be delivered by the Holding Company will be reduced by the number of shares corresponding to such cancellation.

![](image_001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Treatment
 of Stock Acquisition Rights and Bonds with Stock Acquisition Rights upon the Share Transfer

The Company has not issued any stock acquisition rights or bonds with stock acquisition rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) Matters
 concerning application for listing of the Holding Company

As a result of the share transfer, the Company's shares will be delisted. However, regarding the shares of the Holding Company that will be newly issued to all of the Company's shareholders, we plan to apply for a new listing (technical listing) on the Prime Market of the Tokyo Stock Exchange and the Main Market of the Fukuoka Stock Exchange to effectively maintain the listing of the shares. The listing date will be subject to review by the Tokyo Stock Exchange and the Fukuoka Stock Exchange, but is scheduled to be October 1, 2026, which is the effective date of the Share Transfer.

&nbsp;&nbsp;&nbsp;&nbsp;**5.** **Overview of the company involved in the Share Transfer** 

---

| | | |
|:---|:---|:---|
| (1) Company name | Kyushu Electric Power Co., Inc. | Kyushu Electric Power Co., Inc. |
| (2) Location | 1-82 Watanabe-dori 2-chome, Chuo-ku, Fukuoka City, Fukuoka Prefecture, Japan | 1-82 Watanabe-dori 2-chome, Chuo-ku, Fukuoka City, Fukuoka Prefecture, Japan |
| (3) Representative name and title | Masaru Nishiyama, President & Chief Executive Officer | Masaru Nishiyama, President & Chief Executive Officer |
| (4) Business lines | Electric power business, etc. | Electric power business, etc. |
| (5) Paid-in capital | JPY 237,304,863,699 | JPY 237,304,863,699 |
| (6) Established | May 1, 1951 | May 1, 1951 |
| (7) Number of shares issued and outstanding | Common shares 474,183,951 shares <br> Class B Preferred Shares 2,000 shares  | Common shares 474,183,951 shares <br> Class B Preferred Shares 2,000 shares  |
| (8) Fiscal year end | March 31 | March 31 |
| (9) Major shareholders and ownership ratios (Total shares held to total number of shares issued (excluding treasury stock) (as of September 30, 2025)) | The Master Trust Bank of Japan, Ltd. (trust account)<br>Custody Bank of Japan, Ltd. (trust account)<br>Meiji Yasuda Life Insurance Company<br>Employee Shareholding Association, Kyushu Electric Power Co., Inc.<br>J.P. Morgan Securities Japan Co., Ltd.<br>The Bank of Fukuoka, Ltd.<br>Nippon Life Insurance Company<br>THE BANK OF NEW YORK MELLON 140044<br>STATE STREET BANK AND TRUST COMPANY 505001<br>JP MORGAN CHASE BANK 385781 | 14.25％<br>6.68％<br>4.35％<br>2.10％<br>1.96％<br>1.83％<br>1.65％<br>1.58％<br>1.41％<br>1.39％ |

---

![](image_001.jpg)

---

| | | | |
|:---|:---|:---|:---|
| (10) Operating results and financial condition for the most-recent three fiscal years | (10) Operating results and financial condition for the most-recent three fiscal years | (10) Operating results and financial condition for the most-recent three fiscal years | (10) Operating results and financial condition for the most-recent three fiscal years |
| Fiscal year end | March 2023 | March 2024 | March 2025 |
| Consolidated net assets (million yen) | 617230 | 921043 | 1031280 |
| Consolidated total assets (million yen) | 5603678 | 5727240 | 5774025 |
| Consolidated net assets per share (yen) | 1015.22 | 1452.10 | 1685.70 |
| Consolidated revenue (million yen) | 2221300 | 2139447 | 2356833 |
| Consolidated operating income (loss) (million yen) | (72998) | 254919 | 199564 |
| Consolidated ordinary income (loss) (million yen) | (86634) | 238161 | 194669 |
| Consolidated profit (loss) attributable to owners of parent (million yen) | (56429) | 166444 | 128766 |
| Consolidated profit (loss) per share (yen) | (123.81) | 342.30 | 260.14 |
| Dividends per share (yen) | 0 | 25 | 50 |

---

&nbsp;&nbsp;&nbsp;&nbsp;**6.** **Overview of the company to be established via Share Transfer (Sole Parent Company / Holding Company) (Planned)** 

---

| | |
|:---|:---|
| (1) Company name | KYUDEN Holdings Inc. |
| (2) Location | 1-82 Watanabe-dori 2-chome, Chuo-ku, Fukuoka City, Fukuoka Prefecture |
| (3) Title and Name of Representative | Representative Director, President & Chief Executive Officer Masaru Nishiyama |
| (4) Business Description | Management of Group companies and related businesses |
| (5) Capital | JPY 237,304,863,699 |
| (6) Date of Establishment | October 1, 2026 |
| (7) Fiscal year end | March 31 |
| (8) Net assets | To be determined |
| (9) Total assets | To be determined |

---

&nbsp;&nbsp;&nbsp;&nbsp;**7.** **Future outlook** 

As a result of the Share Transfer, the Company will become a wholly owned subsidiary of the Holding Company. Accordingly, the Company's operating results will be reflected in the consolidated operating results of the Holding Company as its sole parent. The impact of the Share Transfer on the Company's operating results is expected to be minor.

appendix

**Creditor Protection Plan for Existing Interest-Bearing Debt** 

**in Connection with the Transition to a Holding Company Structure**

In connection with the transition to a holding company structure, the Company plans to transfer its existing interest-bearing debt outstanding prior to the transition to a new holding company through a company split (hereinafter referred to as the "Company Split").

In order to protect the rights of creditors in connection with the Company Split, the Company plans to implement the measures described below, including the extension of a loan from the Holding Company to the Company (hereinafter referred to as an "ICL" (Inter-Company Loan)) and the utilization of a newly introduced security framework known as the "Enterprise Value Charge" (hereinafter referred to as the "Scheme"). Through the implementation of this Scheme, the Company intends to continue enhancing the corporate value of the Group.

With respect to the performance and preservation of obligations relating to domestic publicly offered bonds included in the existing interest-bearing debt, the Company has conducted prior consultations with Mizuho Bank, Ltd., acting as bond administrator, and has determined that the adoption of this Scheme will ensure a level of protection equivalent to that prior to the Company Split.

**Mechanics of the Creditor Protection Scheme**

As of the effective date of the Company Split, the Company will assume obligations under the ICL owed to the Holding Company in an amount corresponding to the existing interest-bearing debt to be assumed by the Holding Company. Accordingly, the funds necessary for the payment of principal and interest on the existing interest-bearing debt will be secured through the principal and interest payments under the relevant ICL.

In addition, with respect to bonds and other interest-bearing debt secured by statutory preferential rights, in order to maintain a level of effectiveness equivalent to that prior to the Company Split, the Scheme contemplates the establishment of an Enterprise Value Charge over the assets transferred to the Holding Company through the Company Split to secure bonds with statutory preferential rights and other secured interest-bearing debt, as well as the establishment of an Enterprise Value Charge over the Company's assets to secure the ICL.

No administrative procedures will be required of bondholders in connection with the implementation of this Scheme for domestic publicly offered bonds.

appendix

**Illustrative Overview of the Scheme**

![](image_008.jpg)

**Reference: About the Enterprise Value Charge**

&nbsp;&nbsp;&nbsp;&nbsp;• The
 Enterprise Value Charge is a newly introduced statutory security interest designed to facilitate
 the procurement of funds necessary for a company's business operations by designating
 the company's entire asset base as collateral, thereby supporting the continuation
 and growth of its business. Special provisions apply to its use in connection with bonds,
 ensuring a level of bondholder protection equivalent to that provided by statutory preferential
 rights previously recognized under the Electricity Business Act.

&nbsp;&nbsp;&nbsp;&nbsp;• Discussions
 regarding the establishment of the Enterprise Value Charge began around 2020, and the framework
 is provided for under the Act on the Promotion of Cash Flow-Based Lending, which was enacted
 in June 2024 and is scheduled to come into effect on May 25, 2026.

## Exhibit 99.8

**Exhibit 99.8**

---

| | |
|:---|:---|
| ![](image_011.jpg) | ![](image_012.jpg) |

---

March 26, 2026

Kyushu Electric Power Co., Inc.<br>

**Notice Concerning Tentative Decisions on Appointments of Representative Directors<br>and Other Executive Officers**

This exchange offer or business combination is made for the securities of a foreign company. The offer is subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in the document, if any, have been prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies.

It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since the issuer is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the

U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.

You should be aware that the issuer may purchase securities otherwise than under the exchange offer, such as in open market or privately negotiated purchases.

This document has been translated from the Japanese-language original document for reference purposes only. In the event of any conflict or discrepancy between this document and the Japanese-language original, the Japanese-language original shall prevail in all respects.

At a meeting of the Board of Directors held today, the Company provisionally approved the following executive appointments for Kyuden Holdings Inc. and Kyushu Electric Power Co., Inc., effective October 1, 2026.

Please note that these executive appointments are contingent upon obtaining approval at the 102nd Annual General Meeting of Shareholders to be held on June 25, 2026, and are based on the assumption that Kyuden Holdings Inc. will be established on October 1, 2026.

---

| | |
|:---|:---|
| ![](image_011.jpg) | ![](image_012.jpg) |

---

Executive Appointments of KYUDEN Holdings Inc. (Effective as of October 1, 2026)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Candidates for Directors (excluding those serving as Audit & Supervisory Committee Members)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Candidates for Director Serving as Audit & Supervisory Committee Members

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Duties and Responsibilities for Executive Officers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Audit & Supervisory Officer

Executive Appointments of Kyushu Electric Power Co., Inc. (Effective as of October 1, 2026)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Candidates for Directors

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Directors – Planned Retirements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Candidates for Statutory Auditors

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Duties and Responsibilities for Executive Officers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Executive Officers – Planned Retirements

March 26, 2026

Kyushu Electric Power Co., Inc.

List of Candidates for Directors (excluding those serving as Audit & Supervisory Committee Members)<br> [Effective as of October 1, 2026]

【KYUDEN Holdings Inc.】

---

| | | |
|:---|:---|:---|
| Chairperson and Representative Director | Kazuhiro Ikebe |  |
| Representative Director | Masaru Nishiyama | ※ |
| Representative Director | Noboru Hashimoto | ※ |
| Representative Director | Atsushi Soda | ※ |
| Director <br> External Director | Yuji Hirako |  |
| Director <br> External Director | Keiko Watanabe |  |

---

Total: 6 candidates

※ Scheduled to concurrently serve as Directors of Kyushu Electric Power Co., Inc.

\* The selection of Directors with specific titles and Representative Directors is scheduled to be formally approved at the Board of Directors meeting of KYUDEN Holdings Inc. to be held on October 1, 2026

March 26, 2026

Kyushu Electric Power Co., Inc.

List of Candidates for Director Serving as Audit & Supervisory Committee Members<br> (Effective as of October 1, 2026)

【KYUDEN Holdings Inc.】

---

| | |
|:---|:---|
| Director | Yoshiro Uchimura |
| Director <br> External Director | Tomoka Sugihara |
| Director <br> External Director | Yuka Shigetomi |
| Director <br> External Director | Yasuo Onozawa |

---

March 26, 2026

Kyushu Electric Power Co., Inc.

Total: 4 candidates

Tentative Assignment of Duties and Responsibilities for Executive Officers

(Effective as of October 1, 2026)

【KYUDEN Holdings Inc.】

---

| | | | |
|:---|:---|:---|:---|
| Title | Name | Duties and Responsibilities |  |
| President & Chief Executive Officer | Masaru Nishiyama | CEO |  |
| Vice-Presidential Executive Officer | Noboru Hashimoto | Sustainability Matters & Compliance Matters | ※ |
| Vice-Presidential Executive Officer | Atsushi Soda | CIO, Crisis Management Officer & Corporate Safety Administration Matters | ※ |
| Senior Managing Executive Officer | Hiroto Kido | Corporate Strategy Matters & Communication with Stakeholders Matters |  |
| Senior Managing Executive Officer | Hideo Sato | CFO, Corporate Planning & Finance Matters |  |
| Senior Managing Executive Officer | Kikuyo Tsuno | CHRO, Human Resources Strategy Matters & Secretary Office Matters | ※ |
| Executive Officer | Yoshihiro Narikiyo | Corporate Infrastructure and Corporate Audit Matters |  |
| Executive Officer | Norihiro Nakamura | President and Chief Executive Officer of Kyushu Electric Power Co., Inc. | ※ |
| Executive Officer | Kenichi Honda | Representative for Group Information Security | ※ |
| Executive Officer | Katsushi Koyama | Representative for Group DX (Digital Transformation) | ※ |
| Executive Officer | Hiroyuki Aso | Representative for Kitakyushu Area | ※ |
| Executive Officer | Yasuo Koga | Representative for Fukuoka Area | ※ |
| Executive Officer | Tomomi Nakashima | Representative for Saga Area | ※ |
| Executive Officer | Koshiro Suga | Representative for Nagasaki Area | ※ |
| Executive Officer | Katsuya Honda | Representative for Oita Area | ※ |
| Executive Officer | Hiroshi Araki | Representative for Kumamoto Area | ※ |
| Executive Officer | Takehiro Tanaka | Representative for Miyazaki Area | ※ |
| Executive Officer | Shuichi Kikusui | Representative for Kagoshima Area | ※ |
| Executive Officer | Norihiro Itose | Representative for Tokyo Area | ※ |

---

※ Scheduled to concurrently serve as Executive Officers of Kyushu Electric Power Co., Inc.

\* The selection of Executive Officers and Determination of their Duties and Responsibilities is scheduled to be formally approved at the Board of Directors meeting of KYUDEN Holdings Inc. to be held on October 1, 2026

March 26, 2026

Kyushu Electric Power Co., Inc.

An Appointment of Audit & Supervisory Officer<br> (Effective as of October 1, 2026)

【KYUDEN Holdings Inc.】

Audit & Supervisory Officer Naoki Nakamura ※

※ Scheduled to concurrently serve as a Statutory Auditor of Kyushu Electric Power Co., Inc.

\* The selection of Audit & Supervisory Officer is scheduled to be formally approved at the Board of Directors meeting of KYUDEN Holdings Inc. to be held on October 1, 2026

March 26, 2026

Kyushu Electric Power Co., Inc.

List of Candidates for Directors<br> [Effective as of October 1, 2026]

【Kyushu Electric Power Co., Inc.】

---

| | | |
|:---|:---|:---|
| Representative Directo | Norihiro Nakamura | ※ 1 |
| Representative Directo | Noboru Hashimoto | ※ 2 |
| Representative Directo | Atsushi Soda | ※ 2 |
| Director | Masamichi Shinohara | ※ 3 |
| Director<br> New appointment | Kenji Kawabata |  |
| Director<br> New appointment | Yukinori Sorita |  |
| Director<br> Non-Executive Director | Masaru Nishiyama | ※ 2 |

---

Total: 7 candidates

※ 1 New appointment as a Representative Director

※ 2 Scheduled to concurrently serve as Directors of KYUDEN
Holdings Inc.

※ 3 Although he is not Director of Kyushu Electric Power Co.,
Inc. at present, he is scheduled to be nominated as a candidate for election as new Directors (excluding those serving as Audit &
Supervisory Committee Members) at the Ordinary General Meeting of Shareholders of Kyushu Electric Power Co., Inc. to be held on June
25, 2026

\* Kyushu Electric Power Co., Inc. plans, subject to (i) the approval of the share transfer at the Ordinary General Meeting of Shareholders and the Class General Meeting of Common Shareholders to be held on June 25, 2026, and (ii) the approval at the Company's General Meeting of Shareholders scheduled to be held on October 1, 2026, following the effective date of the share transfer (including cases where a resolution of the General Meeting of Shareholders is deemed to have been adopted pursuant to Article 319, paragraph (1) of the Companies Act), to transition from a company with an Audit and Supervisory Committee to a company with a Board of Auditors as of the same date. In connection with this transition, the Company's directors will retire upon the expiration of their terms of office at the time the amendments to the Articles of Incorporation relating to such transition become effective, and the above director candidates are planned to be submitted to the same General Meeting of Shareholders as candidates for directors after the transition. The appointment of the Representative Director is scheduled to be formally resolved at the meeting of the Board of Directors of the Company to be held on October 1, 2026

March 26, 2026

Kyushu Electric Power Co., Inc.

List of Retirements<br> [Effective as of October 1, 2026]

【Kyushu Electric Power Co., Inc.】

[Retiring Representative Directors]

Kazuhiro Ikebe (Chairperson)

Masaru Nishiyama ※

[Retiring Directors]

Hiroto Kido

Hideo Sato

Yuji Hirako

Keiko Watanabe

Yoshiro Uchimura

Tomoka Sugihara

Yuka Shigetomi

Yasuo Onozawa

Total: 10 retirements

※ Scheduled to be appointed as a Non-Executive Director of Kyushu Electric Power Co., Inc. effective October 1, 2026

\* Scheduled to be appointed as Directors or Executive Officers of KYUDEN Holdings Inc.

March 26, 2026

Kyushu Electric Power Co., Inc.

List of Candidates for Statutory Auditors<br> [Effective as of October 1, 2026]

【Kyushu Electric Power Co., Inc.】

Statutory Auditor Seiya Nagahara <br> Statutory Auditor<br> Non-Executive Director Naoki Nakamura ※

Total: 2 candidates

※ Scheduled to concurrently serve as an Audit & Supervisory Officer of KYUDEN Holdings Inc.

---

| | |
|:---|:---|
| ＊ | Kyushu Electric Power Co., Inc. plans, subject to (i) the approval of the share transfer at the Ordinary General Meeting of Shareholders and the Class General Meeting of Common Shareholders to be held on June 25, 2026, and (ii) the approval at the Company's General Meeting of Shareholders scheduled to be held on October 1, 2026, following the effective date of the share transfer (including cases where a resolution of the General Meeting of Shareholders is deemed to have been adopted pursuant to Article 319, paragraph (1) of the Companies Act), to transition from a company with an Audit and Supervisory Committee to a company with a Board of Auditors as of the same date |

---

March 26, 2026

Kyushu Electric Power Co., Inc.

Tentative Assignment of Duties and Responsibilities for Executive Officers

(Effective as of October 1, 2026)

【Kyushu Electric Power Co., Inc.】

---

| | | | | |
|:---|:---|:---|:---|:---|
| Title | Name | Name | Duties and Responsibilities |  |
| President & Chief Executive Officer | Norihiro Nakamura | Promotion | | ※ |
| Vice-Presidential Executive Officer | Noboru Hashimoto | Noboru Hashimoto | Sustainability Matters & <u>Cross Value Creation Office Matters</u> | ※ |
| Vice-Presidential Executive Officer | Atsushi Soda | Atsushi Soda | Crisis Management Officer, <u>Chief Information Officer</u>, <u>Corporate Audit Office Matters</u> & <u>Corporate Safety Management Office Matters</u> | ※ |
| Senior Managing Executive Officer | Masamichi Shinohara | Masamichi Shinohara | Director of Nuclear Power Division |  |
| Senior Managing Executive Officer | Kazumitsu Higuchi | Kazumitsu Higuchi | Director of District Symbiosis Division |  |
| Senior Managing Executive Officer | Kenji Kawabata | Kenji Kawabata | Director of Marketing Division |  |
| Senior Managing Executive Officer | Masahiko Shimoda | Masahiko Shimoda | Director of Siting Affairs & Communication Division |  |
| Senior Managing Executive Officer | Koji Mine | Koji Mine | Seconded to Kyuden Mirai Energy Company, Inc. |  |
| Senior Managing Executive Officer | Yasushi Okubo | Yasushi Okubo | Deputy Director of Nuclear Power Division |  |
| Senior Managing Executive Officer | Kikuyo Tsuno | Promotion | <u>Director of Human Resource Division</u> & Secretary Office Matters | ※ |
| Senior Managing Executive Officer | Yukinori Sorita | Promotion | Director of Thermal Power Division |  |
| Senior Managing Executive Officer | Shoichiro Arakawa | New Appointment | <u>Director of Strategy & Planning Division</u> |  |

---

March 26, 2026

Kyushu Electric Power Co., Inc.

---

| | | | | |
|:---|:---|:---|:---|:---|
| Title | Name | Name | Duties and Responsibilities |  |
| Executive Officer | Masanori Kozuma | Masanori Kozuma | Director of Urban Development Business Division |  |
| Executive Officer | Takashi Mitsuyoshi | Takashi Mitsuyoshi | International Business Office Matters |  |
| Executive Officer | Tomomi Nakashima | Tomomi Nakashima | General Manager of Saga Branch Office | ※ |
| Executive Officer | Kenichi Honda | Kenichi Honda | Director of Information & Communications Division & Chief Information Security Officer | ※ |
| Executive Officer | Kazuchika Ejima | Kazuchika Ejima | Head of Genkai Nuclear Power Station, Nuclear Power Division |  |
| Executive Officer | Yasunori Tanaka | Yasunori Tanaka | Director of Civil & Architectural Engineering Division |  |
| Executive Officer | Kazumichi Matsumoto | Kazumichi Matsumoto | Head of Research Institute |  |
| Executive Officer | Kaishi Izutsu | Kaishi Izutsu | Seconded to The Federation of Electric Power Companies of Japan |  |
| Executive Officer | Norihito Ogami | Norihito Ogami | Seconded to Kyuden Fudousan Co., Ltd. |  |
| Executive Officer | Junya Ikeda | Junya Ikeda | Head of Sendai Construction Arrangement Office | ※ |
| Executive Officer | Shuichi Kikusui | Shuichi Kikusui | General Manager of Kagoshima Branch Office |  |
| Executive Officer | Hiroaki Tajiri | Hiroaki Tajiri | Head of Genkai Construction Arrangement Office | ※ |
| Executive Officer | Takehiro Tanaka | Takehiro Tanaka | General Manager of Miyazaki Branch Office | ※ |
| Executive Officer | Hiroyuki Aso | Hiroyuki Aso | General Manager of Kitakyushu Branch Office |  |
| Executive Officer | Akira Hamada | Akira Hamada | Deputy Director of Siting Affairs & Communication Division | ※ |
| Executive Officer | Koshiro Suga | Koshiro Suga | General Manager of Nagasaki Branch Office | ※ |
| Executive Officer | Katsuya Honda | Katsuya Honda | General Manager of Oita Branch Office |  |
| Executive Officer | Nobuaki Ando | Nobuaki Ando | Deputy Director of Marketing Division | ※ |
| Executive Officer | Katsushi Koyama | Katsushi Koyama | Director of Digital Transformation Promotion Division & <u>Chief Digital Transformation Officer</u> |  |
| Executive Officer | Hideaki Kondo | Hideaki Kondo | <u>Director of Power Supply Planning & Balance Optimization Division</u> | ※ |
| Executive Officer | Norihiro Itose | Norihiro Itose | General Manager of Tokyo Branch Office | ※ |
| Executive Officer | Yasuo Koga | Yasuo Koga | General Manager of Fukuoka Branch Office |  |
| Executive Officer | Narimasa Maikuma | Narimasa Maikuma | Head of Sendai Nuclear Power Station, Nuclear Power Division |  |
| Executive Officer | Kenichi Hamahira | New Appointment | <u>Director of Business Solutions Division</u> |  |
| Executive Officer | Hiroshi Araki | New Appointment | <u>General Manager of Kumamoto Branch Office</u> | ※ |

---

※ Scheduled to concurrently serve as Executive Officers of Kyushu Electric Power Co., Inc.

\* The selection of Executive Officers and Determination of their Duties and Responsibilities is scheduled to be formally approved at the Board of Directors meeting of Kyushu Electric Power Co., Inc to be held on October 1, 2026

\* The underlined sections indicate changes to the assignments and responsibilities for newly appointed officers, as well as for reappointed and promoted officers

March 26, 2026

Kyushu Electric Power Co., Inc.

List of Retirements<br> [Effective as of October 1, 2026]

【Kyushu Electric Power Co., Inc.】

[Retiring Executive Officers]

---

| | |
|:---|:---|
| Masaru Nishiyama | ※1 |
| Hiroto Kido | ※1 |
| Hideo Sato | ※1 |
| Yoshihiro Narikiyo | ※1 |
| Seiya Nagahara | ※2 |

---

Total: 5 retirements

※1 Scheduled to be appointed as Directors or Executive Officers of KYUDEN Holdings Inc.

※2 Scheduled to be appointed as a Statutory Auditor of Kyushu Electric Power Co., Inc.

March 26, 2026

Kyushu Electric Power Co., Inc.

Curriculum Vitae

Place of Birth:：Fukuoka Prefecture, Japan

Name：Norihiro Nakamura<br> Date of Birth：March 10, 1966

Education

March 1990 M.S. in Mechanical Engineering, Graduate <br> School of Engineering, Kyushu University

Professional Experience

---

| | |
|:---|:---|
| April 1990 | Joined Kyushu Electric Power Co., Inc. |
| July 2008 | Chief Manager, Maintenance Group, |
|  | No.3, Shin-Oita Thermal Power Station |
| July 2010 | Chief Manager, Development Promotion Group, |
|  | Power Generation Technology Development Department, Thermal Power Division |
| July 2011 | Chief Manager, Renewable Energy Group, |
|  | Thermal Power Division |
| July 2012 | Chief Manager, Thermal Power Business Planning Group, Power Generation Division |
| July 2016 | Deputy General Manager, Power Generation Division, concurrently serving as Chief Manager, Thermal Power Construction Group |
| February 2018 | General Manager, Corporate Strategy Division (Incubation Laboratory), concurrently serving as General Manager, Innovation Management Group (*until June 2018*) |
| July 2018 | General Manager, Incubation Laboratory, Corporate Strategy Division |

---

March 26, 2026

Kyushu Electric Power Co., Inc.

---

| | |
|:---|:---|
| July 2020 | General Manager (Planning), Planning & Balance Optimization Division, Energy Services Headquarters |
| June 2022 | Executive Officer, General Manager, Planning & Balance Optimization Division, Energy Services Headquarters |
| June 2025 | Director and Senior Managing Executive Officer, Executive Director of Energy Service Headquarters |

---

Present position

## Exhibit 99.9

**Exhibit 99.9**

![](image_014.jpg)

March 26, 2026

To Whom It May Concern:

Company Name: Kyushu Electric Power Co., Inc. <br> Representative: Member of the Board of Directors, President & Chief Executive Officer Masaru Nishiyama

(Code: 9508–Tokyo Stock Exchange Prime Market/Fukuoka Stock Exchange)

Contact: Chief Manager of secretary Group, Secretary Office Mikio Nishioka <br> TEL: +81-92-761-3031

Notice Concerning Tentative Decisions on Appointments of Representative Directors and Other Executive Officers

Kyushu Electric Power Co., Inc. hereby announces that, at a meeting of its Board of Directors held today, it tentatively decided on the executive appointments of KYUDEN Holdings Inc., which is scheduled to be established through a sole share transfer with an effective date of October 1, 2026 (subject to approval at the 102nd Ordinary General Meeting of Shareholders and the Class General Meeting of Common Shareholders to be held on June 25, 2026, and the completion of other required procedures), as well as the executive appointments of Kyushu Electric Power Co., Inc. effective on the same date, as outlined below.

1 Executive Appointments of KYUDEN Holdings Inc.<br> (Effective as of October 1, 2026)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Candidates for Directors (excluding those serving as Audit & Supervisory Committee Members)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Candidates for Director Serving as Audit & Supervisory Committee Members

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Duties and Responsibilities for Executive Officers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Audit & Supervisory Officer

2 Executive Appointments of Kyushu Electric Power Co., Inc. (Effective as of October 1, 2026)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Candidates for Directors

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Directors – Planned Retirements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Candidates for Statutory Auditors

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Duties and Responsibilities for Executive Officers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) Executive Officers – Planned Retirements

3 Reason for Changes

Due to changes in the management structure in connection with the transition to a holding company structure.

March 26, 2026

Kyushu Electric Power Co., Inc.

List of Candidates for Directors (excluding those serving as Audit & Supervisory Committee Members)<br> [Effective as of October 1, 2026]

【KYUDEN Holdings Inc.】

---

| | | |
|:---|:---|:---|
| Chairperson and Representative Director | Kazuhiro Ikebe |  |
| Representative Director | Masaru Nishiyama | ※ |
| Representative Director | Noboru Hashimoto | ※ |
| Representative Director | Atsushi Soda | ※ |
| Director <br> External Director | Yuji Hirako |  |
| Director <br> External Director | Keiko Watanabe |  |

---

Total: 6 candidates

※ Scheduled to concurrently serve as Directors of Kyushu Electric Power Co., Inc.

\* The selection of Directors with specific titles and Representative Directors is scheduled to be formally approved at the Board of Directors meeting of KYUDEN Holdings Inc. to be held on October 1, 2026

March 26, 2026

Kyushu Electric Power Co., Inc.

List of Candidates for Director Serving as Audit & Supervisory Committee Members<br> (Effective as of October 1, 2026)

【KYUDEN Holdings Inc.】

---

| | |
|:---|:---|
| Director | Yoshiro Uchimura |
| Director <br> External Director | Tomoka Sugihara |
| Director <br> External Director | Yuka Shigetomi |
| Director <br> External Director | Yasuo Onozawa |

---

Total: 4 candidates

March 26, 2026

Kyushu Electric Power Co., Inc.

Tentative Assignment of Duties and Responsibilities for Executive Officers

(Effective as of October 1, 2026)

【KYUDEN Holdings Inc.】

---

| | | | |
|:---|:---|:---|:---|
| Title | Name | Duties and Responsibilities |  |
| President & Chief Executive Officer | Masaru Nishiyama | CEO |  |
| Vice-Presidential Executive Officer | Noboru Hashimoto | Sustainability Matters & Compliance Matters | ※ |
| Vice-Presidential Executive Officer | Atsushi Soda | CIO, Crisis Management Officer & Corporate Safety Administration Matters |  |
| Senior Managing Executive Officer | Hiroto Kido | Corporate Strategy Matters & Communication with Stakeholders Matters |  |
| Senior Managing Executive Officer | Hideo Sato | CFO, Corporate Planning & Finance Matters | ※ |
| Senior Managing Executive Officer | Kikuyo Tsuno | CHRO, Human Resources Strategy Matters & Secretary Office Matters |  |
| Executive Officer | Yoshihiro Narikiyo | Corporate Infrastructure and Corporate Audit Matters | ※ |
| Executive Officer | Norihiro Nakamura | President and Chief Executive Officer of Kyushu Electric Power Co., Inc. | ※ |
| Executive Officer | Kenichi Honda | Representative for Group Information Security | ※ |
| Executive Officer | Katsushi Koyama | Representative for Group DX (Digital Transformation) | ※ |
| Executive Officer | Hiroyuki Aso | Representative for Kitakyushu Area | ※ |
| Executive Officer | Yasuo Koga | Representative for Fukuoka Area | ※ |
| Executive Officer | Tomomi Nakashima | Representative for Saga Area | ※ |
| Executive Officer | Koshiro Suga | Representative for Nagasaki Area | ※ |
| Executive Officer | Katsuya Honda | Representative for Oita Area | ※ |
| Executive Officer | Hiroshi Araki | Representative for Kumamoto Area | ※ |
| Executive Officer | Takehiro Tanaka | Representative for Miyazaki Area | ※ |
| Executive Officer | Shuichi Kikusui | Representative for Kagoshima Area | ※ |
| Executive Officer | Norihiro Itose | Representative for Tokyo Area | ※ |

---

※ Scheduled to concurrently serve as Executive Officers of Kyushu Electric Power Co., Inc.

\* The selection of Executive Officers and Determination of their Duties and Responsibilities is scheduled to be formally approved at the Board of Directors meeting of KYUDEN Holdings Inc. to be held on October 1, 2026

March 26, 2026

Kyushu Electric Power Co., Inc.

An Appointment of Audit & Supervisory Officer<br> (Effective as of October 1, 2026)

【KYUDEN Holdings Inc.】

Audit & Supervisory Officer Naoki Nakamura ※

※ Scheduled to concurrently serve as a Statutory Auditor of Kyushu Electric Power Co., Inc.

\* The selection of Audit & Supervisory Officer is scheduled to be formally approved at the Board of Directors meeting of KYUDEN Holdings Inc. to be held on October 1, 2026

March 26, 2026

Kyushu Electric Power Co., Inc.

List of Candidates for Directors<br> [Effective as of October 1, 2026]

【Kyushu Electric Power Co., Inc.】

---

| | | |
|:---|:---|:---|
| Representative Directo | Norihiro Nakamura | ※ 1 |
| Representative Directo | Noboru Hashimoto | ※ 2 |
| Representative Directo | Atsushi Soda | ※ 2 |
| Director | Masamichi Shinohara | ※ 3 |
| Director<br> New appointment | Kenji Kawabata |  |
| Director<br> New appointment | Yukinori Sorita |  |
| Director<br> Non-Executive Director | Masaru Nishiyama | ※ 2 |

---

Total: 7 candidates

※1 New appointment as a Representative Director

※2 Scheduled to concurrently serve as Directors of KYUDEN Holdings Inc.

---

| | |
|:---|:---|
| ※3 | Although he is not Director of Kyushu Electric Power Co., Inc. at present, he is scheduled to be nominated as a candidate for election as new Directors (excluding those serving as Audit & Supervisory Committee Members) at the Ordinary General Meeting of Shareholders of Kyushu Electric Power Co., Inc. to be held on June 25, 2026 |

---

\* Kyushu Electric Power Co., Inc. plans, subject to (i) the approval of the share transfer at the Ordinary General Meeting of Shareholders and the Class General Meeting of Common Shareholders to be held on June 25, 2026, and (ii) the approval at the Company's General Meeting of Shareholders scheduled to be held on October 1, 2026, following the effective date of the share transfer (including cases where a resolution of the General Meeting of Shareholders is deemed to have been adopted pursuant to Article 319, paragraph (1) of the Companies Act), to transition from a company with an Audit and Supervisory Committee to a company with a Board of Auditors as of the same date. In connection with this transition, the Company's directors will retire upon the expiration of their terms of office at the time the amendments to the Articles of Incorporation relating to such transition become effective, and the above director candidates are planned to be submitted to the same General Meeting of Shareholders as candidates for directors after the transition. The appointment of the Representative Director is scheduled to be formally resolved at the meeting of the Board of Directors of the Company to be held on October 1, 2026

March 26, 2026

Kyushu Electric Power Co., Inc.

List of Retirements<br> [Effective as of October 1, 2026]

【Kyushu Electric Power Co., Inc.】

[Retiring Representative Directors]

Kazuhiro Ikebe (Chairperson)

Masaru Nishiyama ※

[Retiring Directors] Hiroto Kido Hideo Sato

Yuji Hirako

Keiko Watanabe

Yoshiro Uchimura

Tomoka Sugihara

Yuka Shigetomi

Yasuo Onozawa

Total: 10 retirements

※ Scheduled to be appointed as a Non-Executive Director of Kyushu Electric Power Co., Inc. effective October 1, 2026

\* Scheduled to be appointed as Directors or Executive Officers of KYUDEN Holdings Inc.

March 26, 2026

Kyushu Electric Power Co., Inc.

List of Candidates for Statutory Auditors<br> [Effective as of October 1, 2026]

【Kyushu Electric Power Co., Inc.】

Statutory Auditor Seiya Nagahara <br> Statutory Auditor <br> Non-Executive Director Naoki Nakamura ※

Total: 2 candidates

※ Scheduled to concurrently serve as an Audit & Supervisory Officer of KYUDEN Holdings Inc.

---

| | |
|:---|:---|
| ＊ | Kyushu Electric Power Co., Inc. plans, subject to (i) the approval of the share transfer at the Ordinary General Meeting of Shareholders and the Class General Meeting of Common Shareholders to be held on June 25, 2026, and (ii) the approval at the Company's General Meeting of Shareholders scheduled to be held on October 1, 2026, following the effective date of the share transfer (including cases where a resolution of the General Meeting of Shareholders is deemed to have been adopted pursuant to Article 319, paragraph (1) of the Companies Act), to transition from a company with an Audit and Supervisory Committee to a company with a Board of Auditors as of the same date |

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March 26, 2026

Kyushu Electric Power Co., Inc.

Tentative Assignment of Duties and Responsibilities for Executive Officers<br> (Effective as of October 1, 2026)

【Kyushu Electric Power Co., Inc.】

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| | | | | |
|:---|:---|:---|:---|:---|
| Title | Name | Name | Duties and Responsibilities |  |
| President & Chief Executive Officer | Norihiro Nakamura | Promotion | | ※ |
| Vice-Presidential Executive Officer | Noboru Hashimoto | Noboru Hashimoto | Sustainability Matters & <u>Cross Value Creation Office Matters</u> | ※ |
| Vice-Presidential Executive Officer | Atsushi Soda | Atsushi Soda | Crisis Management Officer, <u>Chief Information Officer</u>, <u>Corporate Audit Office Matters</u> & <u>Corporate Safety Management Office Matters</u> | ※ |
| Senior Managing Executive Officer | Masamichi Shinohara | Masamichi Shinohara | Director of Nuclear Power Division |  |
| Senior Managing Executive Officer | Kazumitsu Higuchi | Kazumitsu Higuchi | Director of District Symbiosis Division |  |
| Senior Managing Executive Officer | Kenji Kawabata | Kenji Kawabata | Director of Marketing Division |  |
| Senior Managing Executive Officer | Masahiko Shimoda | Masahiko Shimoda | Director of Siting Affairs & Communication Division |  |
| Senior Managing Executive Officer | Koji Mine | Koji Mine | Seconded to Kyuden Mirai Energy Company, Inc. |  |
| Senior Managing Executive Officer | Yasushi Okubo | Yasushi Okubo | Deputy Director of Nuclear Power Division |  |
| Senior Managing Executive Officer | Kikuyo Tsuno | Promotion | <u>Director of Human Resource Division</u> & Secretary Office Matters | ※ |
| Senior Managing Executive Officer | Yukinori Sorita | Promotion | Director of Thermal Power Division |  |
| Senior Managing Executive Officer | Shoichiro Arakawa | New Appointment | <u>Director of Strategy & Planning Division</u> |  |

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March 26, 2026

Kyushu Electric Power Co., Inc.

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| | | | |
|:---|:---|:---|:---|
| Title | Name | Duties and Responsibilities |  |
| Executive Officer | Masanori Kozuma | Director of Urban Development Business Division |  |
| Executive Officer | Takashi Mitsuyoshi | International Business Office Matters |  |
| Executive Officer | Tomomi Nakashima | General Manager of Saga Branch Office | ※ |
| Executive Officer | Kenichi Honda | Director of Information & Communications Division & Chief Information Security Officer | ※ |
| Executive Officer | Kazuchika Ejima | Head of Genkai Nuclear Power Station, Nuclear Power Division |  |
| Executive Officer | Yasunori Tanaka | Director of Civil & Architectural Engineering Division |  |
| Executive Officer | Kazumichi Matsumoto | Head of Research Institute |  |
| Executive Officer | Kaishi Izutsu | Seconded to The Federation of Electric Power Companies of Japan |  |
| Executive Officer | Norihito Ogami | Seconded to Kyuden Fudousan Co., Ltd. |  |
| Executive Officer | Junya Ikeda | Head of Sendai Construction Arrangement Office |  |
| Executive Officer | Shuichi Kikusui | General Manager of Kagoshima Branch Office | ※ |
| Executive Officer | Hiroaki Tajiri | Head of Genkai Construction Arrangement Office |  |
| Executive Officer | Takehiro Tanaka | General Manager of Miyazaki Branch Office | ※ |
| Executive Officer | Hiroyuki Aso | General Manager of Kitakyushu Branch Office | ※ |
| Executive Officer | Akira Hamada | Deputy Director of Siting Affairs & Communication Division |  |
| Executive Officer | Koshiro Suga | General Manager of Nagasaki Branch Office | ※ |
| Executive Officer | Katsuya Honda | General Manager of Oita Branch Office | ※ |
| Executive Officer | Nobuaki Ando | Deputy Director of Marketing Division |  |
| Executive Officer | Katsushi Koyama | Director of Digital Transformation Promotion Division & <u>Chief Digital Transformation Officer</u> | ※ |
| Executive Officer | Hideaki Kondo | <u>Director of Power Supply Planning & Balance Optimization Division</u> |  |
| Executive Officer | Norihiro Itose | General Manager of Tokyo Branch Office | ※ |
| Executive Officer | Yasuo Koga | General Manager of Fukuoka Branch Office | ※ |
| Executive Officer | Narimasa Maikuma | Head of Sendai Nuclear Power Station, Nuclear Power Division |  |
| Executive Officer | Kenichi Hamahira | <u>Director of Business Solutions Division</u> |  |
| Executive Officer | Hiroshi Araki | <u>General Manager of Kumamoto Branch Office</u> | ※ |

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※ Scheduled to concurrently serve as Executive Officers of Kyushu Electric Power Co., Inc.

\* The selection of Executive Officers and Determination of their Duties and Responsibilities is scheduled to be formally approved at the Board of Directors meeting of Kyushu Electric Power Co., Inc to be held on October 1, 2026

\* The underlined sections indicate changes to the assignments and responsibilities for newly appointed officers, as well as for reappointed and promoted officers

March 26, 2026

Kyushu Electric Power Co., Inc.

List of Retirements

[Effective as of October 1, 2026]

【Kyushu Electric Power Co., Inc.】

[Retiring Executive Officers]

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| | |
|:---|:---|
| Masaru Nishiyama | ※1 |
| Hiroto Kido | ※1 |
| Hideo Sato | ※1 |
| Yoshihiro Narikiyo | ※1 |
| Seiya Nagahara | ※2 |

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Total: 5 retirements

※1 Scheduled to be appointed as Directors or Executive Officers of KYUDEN Holdings Inc.

※2 Scheduled to be appointed as a Statutory Auditor of Kyushu Electric Power Co., Inc.