KDDI sells bulk electricity business to Kansai Electric Power subsidiary

KDDI Corporation announced its decision to transfer its "au Energy Supply" business to Next Power Inc. The absorption-type company split agreement was signed on December 12, 2025, with an effective date of March 1, 2026. KDDI will receive 1,540 million yen for this transaction. The company split is expected to have a minor impact on KDDI's consolidated results.

The divested business generated 1,345 million yen in revenue for the fiscal year ended March 2025 and has total assets of 1,090 million yen. KDDI stated the split aims to further expertise and scale within the electricity supply business. Following the split, KDDI will focus on its "au Denki" individual retail electricity business.

Next Power, established on October 31, 2017, is 100% owned by Kansai Electric Power Company. It engages in bulk electricity purchasing and distribution for multi-unit dwellings, retail electricity, and electrical facility design and construction. For the fiscal year ended March 2025, Next Power reported net assets of 33,590 million yen and total assets of 43,024 million yen.