Expanding into a total energy business centered on solar power generation

「Against this external backdrop, beginning in the fiscal year ended August 2023, our group has worked to transform its business structure in order to respond swiftly to changes in the renewable energy market, expanding its non-FIT businesses centered on self-consumption industrial solar power plant contracting and non-FIT solar power plant development. In addition, since the previous fiscal year, we have focused management resources on developing grid-scale battery storage facilities as a third core business and are accelerating the advancement of development projects.」

「Against this backdrop, from the fiscal year ended August 2023, our group shifted decisively toward a major transformation of its business structure to respond rapidly to changes in the renewable energy environment. The plan centers on two core businesses—contracting for industrial solar power plants designed for self-consumption, and the development and sale of non-FIT power plants—and concentrates management resources on significantly expanding non-FIT-related businesses. Following the previous fiscal year, when we focused on launching each business, we began working toward full-scale growth this fiscal year while steadily expanding our construction capacity. We have also actively pursued new businesses, including the development of large-scale battery storage facilities, establishing a construction system using the next-generation perovskite solar cell, and commercializing an onshore wind power business.」

「Against this backdrop, from the fiscal year ended August 2023, our group shifted decisively toward a major transformation of its business structure to respond rapidly to changes in the renewable energy environment. The plan centers on two core businesses—contracting for industrial solar power plants designed for self-consumption, and the development and sale of non-FIT power plants—and concentrates management resources on significantly expanding non-FIT-related businesses. Following the previous fiscal year, when we focused on launching each business, we began working toward full-scale growth this fiscal year while steadily expanding our construction capacity. We have also actively pursued new businesses, including the development of large-scale battery storage facilities, establishing a construction system using the next-generation perovskite solar cell, and commercializing an onshore wind power business.」

「Against this backdrop, beginning in the fiscal year ended August 2023, our group embarked on a major transformation of its business structure in order to respond swiftly to changes in the renewable energy environment. The plan centers on two core businesses, contracting for self-consumption industrial solar power plants and developing and selling non-FIT power plants, with management resources concentrated on significantly expanding the non-FIT businesses. Following the previous fiscal year, when we focused on launching each business, we have begun working toward full-scale growth this fiscal year while steadily expanding our construction capacity. We have also actively pursued new businesses, including the development of large-scale battery storage facilities, establishing a construction framework using the next-generation perovskite solar cell, and commercializing an onshore wind power business.」

「Creating total energy management and aspiring to become Japan's leading fabless renewable energy power company」

「The plan calls for concentrating management resources on two core businesses: contracting for industrial solar power plants designed for self-consumption, and the development and sale of non-FIT power plants, with the aim of significantly expanding non-FIT-related businesses. The industrial solar power plant contracting business recorded net sales of approximately ¥14.6 billion, up 60% year on year. In the non-FIT power plant development business, lead times to construction commencement have increased because of tighter regulations associated with the expansion of renewable energy and the introduction of new regulations, delaying progress against the plan. However, the stock of projects that have already received grid-connection responses continues to build steadily.」

「The contracted construction business for industrial solar power plants recorded net sales of approximately ¥9.4 billion, up 60% year on year. In the non-FIT power plant development business, lead times to construction commencement have increased and progress against the plan has been delayed because of tighter regulations associated with the expansion of renewable energy and the introduction of new regulations. Nevertheless, the backlog of projects that have already received grid-connection responses is steadily accumulating.」

「In October 2022, our group announced a new three-year plan and shifted decisively toward a major transformation of its business structure in order to respond swiftly to changes in the renewable energy environment. The plan calls for withdrawing from the electricity retail business, which accounted for ¥23.3 billion, or 35% of net sales, in the fiscal year ended August 2022, and scaling back the mega-solar business, which accounted for ¥22.0 billion, or 32% of net sales, while concentrating management resources on two core businesses: contracting for self-consumption industrial solar power plants and developing and selling non-FIT power plants, with the aim of significantly expanding the non-FIT businesses.」

「Against this backdrop, our group has continued developing total energy solutions, including our existing energy-creation business of procuring materials for, installing, selling and providing O&M (operations and maintenance) services for solar power generation systems for local companies and governments and energy-saving services using LED lighting and air-conditioning equipment. We have also actively pursued new businesses for the post-FIT renewable energy market, including the development of self-consumption and non-FIT power plants, green power supply and the refurbishment and resale of existing mega-solar plants.」

「Against this backdrop, our group has strengthened its alliances with regional financial institutions and, while advancing our existing energy-creation business of procuring materials for, installing, selling and providing O&M (operations and maintenance) services for solar power generation systems for local companies and governments, has continued expanding into total energy solutions, including energy-saving services using LED lighting and air-conditioning equipment and electricity retailing. At the same time, we have actively pursued new businesses for the post-FIT renewable energy market, including the full-scale development and construction of non-FIT power plants, green power supply and the refurbishment and resale of existing mega-solar plants.」

「Creating total energy management and aspiring to become Japan's leading fabless renewable energy power company」

「Against this backdrop, our group has strengthened its alliances with regional financial institutions and, while advancing our existing energy-creation business of procuring materials for, installing, selling and providing O&M (operations and maintenance) services for solar power generation systems for local companies and governments, has continued expanding into total energy solutions, including energy-saving services using LED lighting and air-conditioning equipment and electricity retailing. At the same time, we have actively pursued new businesses for the post-FIT renewable energy market, including mega-solar refurbishment and green power businesses.」

「Against this backdrop, our group has strengthened its alliances with regional financial institutions and, while advancing our existing energy-creation business of procuring materials for, installing, selling and providing O&M (operations and maintenance) services for solar power generation systems for local companies and governments, has continued expanding into total energy solutions, including energy-saving services using LED lighting and air-conditioning equipment and electricity retailing.」

「Against this backdrop, our group has strengthened its alliances with regional financial institutions and, while advancing our existing energy-creation business of procuring materials for, installing, selling and providing O&M (operations and maintenance, hereinafter O&M) services for solar power generation systems for local companies and governments, has continued expanding into total energy solutions, including energy-saving services using LED lighting and air-conditioning equipment and electricity retailing.」

「Against this backdrop, our group strengthened its alliances with regional financial institutions and, while advancing its existing energy-creation business of procuring materials for, installing, selling and providing O&M (operations and maintenance, hereinafter O&M) for solar power generation systems for local companies and governments, expanded into a total energy business including energy-saving services using LED lighting and air-conditioning equipment and retail electricity sales.」

「In this environment, based on four business policies—enhancing corporate value through ESG management, entering new areas of solar power generation, expanding the Southeast Asian market share of the solar power business through the ESCO model, and providing environmental value through self-generation and self-consumption of electricity and IoT-enabled energy savings—we have strengthened our alliances with regional financial institutions and expanded into a total energy solutions business including the procurement of materials for, installation, sale and O&M (operations and maintenance) of solar power generation systems, energy-saving services using LED lighting and air-conditioning equipment, and retail electricity sales.」

「In this environment, based on four business policies—enhancing corporate value through ESG management, entering new areas of solar power generation, expanding the Southeast Asian market share of the solar power business through the ESCO model, and providing environmental value through self-generation and self-consumption of electricity and IoT-enabled energy savings—we have strengthened our alliances with regional financial institutions and expanded into a total energy business including the procurement of materials for, installation, sale and O&M (operations and maintenance) of solar power generation systems, energy-saving services using LED lighting and air-conditioning equipment, and retail electricity sales.」

「Based on four business policies—enhancing corporate value through ESG management, entering new areas of solar power generation, expanding the Southeast Asian market share of the solar power business through the ESCO model, and providing environmental value through self-generation and self-consumption of electricity and IoT-enabled energy savings—we have strengthened our alliances with regional financial institutions and expanded into a total energy business including the procurement of materials for, installation, sale and O&M (operations and maintenance) of solar power generation systems, energy-saving services using LED lighting and air-conditioning equipment, and retail electricity sales.」

「Creating total energy management」

「Against this backdrop, our group has continued to strengthen its alliances with regional financial institutions and, while advancing its existing energy-creation business of procuring materials for, installing, selling and providing O&M (operations and maintenance) for solar power generation systems for local companies and governments, has pursued a total energy business including energy-saving services using LED lighting and air-conditioning equipment and retail electricity sales.」

「Against this backdrop, our group has continued to strengthen its alliances with regional financial institutions and, while advancing its existing energy-creation business of procuring materials for, installing, selling and providing O&M (operations and maintenance) for solar power generation systems for local companies and governments, has pursued a total energy business including energy-saving services using LED lighting and air-conditioning equipment and retail electricity sales.」

「Our group has strengthened its alliances with regional financial institutions and, while advancing our existing energy-creation business of procuring materials for, installing, selling and providing O&M (operations and maintenance) for solar power generation systems for local companies and governments, has expanded into a total energy business including energy-saving services using LED lighting and air-conditioning equipment and retail electricity sales.」

「Against this backdrop, our Group has continued expanding into a total energy business, including energy-saving services using LED lighting and air-conditioning equipment and the retail electricity business, while advancing its existing business of procuring materials for, installing, selling and providing O&M (operations and maintenance) for solar power generation systems.」

「Against this backdrop, our Group has continued expanding into a total energy business, including energy-saving services using LED lighting and air-conditioning equipment and the retail electricity business, while advancing its existing business of procuring materials for, installing, selling and providing O&M (operations and maintenance) for solar power generation systems.」

「We have also strengthened our alliances with partner financial institutions and expanded our business by entering into new business-matching agreements covering the ESCO energy-saving services business and electricity sales to companies and local governments, in addition to our existing solar power generation business.」

「While promoting our existing solar power generation systems business, including materials procurement, construction, sales, and O&M (operations and maintenance), we have expanded into the total energy business, including our ESCO business, which conducts energy-efficiency diagnostics for buildings and facilities, identifies issues such as excessive equipment operation and aging facilities, combines various advanced technologies and products, and proposes optimal energy-saving services.」