Local News

Kyushu Electric Power released figures for its financial performance during the first quarter of FY 2009 showing that current profit skyrocketed 15.6 times over the year-before period to 20.03 billion yen, and net profit climbed 3.5 times to 12.477 billion yen, on a 0.4% decline in revenue to 342.10 billion yen. The downturn in revenue was largely due to a 16.6% drop in demand from large companies, such as auto companies. Profits soared, however, as oil and other fuel costs fell roughly 23.0 billion yen, or 31% from the same period last year.