Komori
Business Alliances1783Fantasista Co.,Ltd.Real Estate

(Update on Previously Disclosed Matter) Notice Regarding the Execution of a Basic Agreement and Commencement of Discussions Concerning the AI Data Center Development Business

The Company and its consolidated subsidiary have entered into a basic agreement with a fund managed by a U.S. investment management firm to discuss terms of collaboration, including financing, for the development of an AI data center with a total power receiving capacity of approximately 200 MW planned in Sendai, Miyagi Prefecture. The execution of loans or equity investments has not yet been decided, and the parties are at the stage of discussing specific terms going forward.

Worth reading
49Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Neutral
Direction inferred from the company’s description.
Scale
200
MW (total power receiving capacity)
Wording
Avoiding a definitive answer
How definitive the wording is.

Agreements reached under this partnership

Business Alliances
Details of the alliance
  1. 1

    Commencement of discussions on specific terms concerning financing and other forms of collaboration related to this project

  2. 2

    Financing and other arrangements, including mezzanine financing and joint investment in an SPC

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

Numerical targets under the alliance

Development of an AI data center with a total power receiving capacity of approximately 200 MW

About the partner
Business DescriptionA fund managed by an investment management firm engaged primarily in alternative investments, including credit, equity and real assets. In addition to providing financial support, including financing required for this project, it has extensive knowledge and experience in large-scale real estate development.
LocationCalifornia, U.S.
Impact on Business Performance

The impact of executing this basic agreement on the Company's consolidated results is expected to be immaterial. If it becomes clear from the next fiscal year onward that the project will have a material impact on the Company's consolidated results as it takes shape, the Company will make an announcement promptly.

Contract Date11 September 2026Alliance start date11 September 2026. Discussions commenced
Agreements reached under this partnership
ItemDetails
Alliance partner's business activitiesA fund managed by an investment management firm engaged primarily in alternative investments, including credit, equity and real assets. In addition to providing financial support, including financing required for this project, it has extensive knowledge and experience in large-scale real estate development.
Alliance partner's locationCalifornia, U.S.
Type of allianceBusiness Alliances
Details of the allianceCommencement of discussions on specific terms concerning financing and other forms of collaboration related to this project, Financing and other arrangements, including mezzanine financing and joint investment in an SPC
Numerical targets under the allianceDevelopment of an AI data center with a total power receiving capacity of approximately 200 MW
Contract Date11 September 2026
Alliance start date11 September 2026. Discussions commenced
Impact on Business PerformanceThe impact of executing this basic agreement on the Company's consolidated results is expected to be immaterial. If it becomes clear from the next fiscal year onward that the project will have a material impact on the Company's consolidated results as it takes shape, the Company will make an announcement promptly.
Items this document does not state (15)
Name of alliance partnerAlliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodShareholding PolicyDate of board resolutionShare Acquisition Date and Payment DateChange in major shareholders

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To commence discussions on the financing required for this project and the terms of collaboration. The counterparty is described as having knowledge and experience in, and a track record of, large-scale real estate development, including data centers, and project finance.

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(Update on Previously Disclosed Matter) Notice Regarding the Execution of a Basic Agreement and Commencement of Discussions Concerning the AI Data Center Development Business | Fantasista Co.,Ltd. (1783) timely disclosure | Komori