The Kansai Electric Power Company,Incorporated [9503.T]
TOKYO, May 26 (Pulse News Wire) – The Kansai Electric Power Company,incorporated (9503.T) announced plans to spin off its behavioral change application business, Moact, through a simplified new establishment split effective July 1, 2026. The move aims to enhance operational flexibility and expand the business, which was launched internally two years ago and has since progressed to a growth phase.
Under the plan, Kansai Electric will issue 100 ordinary shares to the newly established Moact Co., Ltd. The capital structure of Kansai Electric remains unchanged at ¥1 trillion ¥489 billion.
Key stakeholders include Sumitomo Mitsui Trust Bank (holding 14.89%) and State Street Corporation (holding 14.27%). Moact's operations will encompass internet-based information services, with assets totaling ¥15.94 billion and liabilities amounting to 15.94 billion based on March 31, 2026 figures.
The company expects no significant impact on Kansai Electric’s consolidated performance due to the spinoff.
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