TOKYO, April 30 (Reuters) - Japan's Kyushu Electric Power Co

9508.T said on Wednesday it would issue 100 billion yen ($975 million) in preferred shares to state-owned Development Bank of Japan on August 1, as the utility works to shore up its finances.

Kyushu Electric, a regional monopoly that supplies power in southern Japan, had been in talks with the bank for financial backing. ID:nL4N0MU04U

All of Japan's 48 nuclear reactors have been shut down, pending stringent safety checks, since an earthquake and tsunami knocked out the Fukushima nuclear complex in March 2011.

Two nuclear reactors at Kyushu Electric's Sendai nuclear power plant have been fast-tracked for restart approval by Japan's regulator. ($1 = 102.5500 Japanese Yen)

(Reporting by Mari Saito; Writing by James Topham; Editing by Chang-Ran Kim)

((james.topham@thomsonreuters.com)(+813 6441 1858)(Reuters Messaging: james.topham.thomsonreuters.com@reuters.net))

Keywords: KYUSHU ELEC PWR ISSUE/