Worth reading
59In focus
Scored from 3 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
2
¥100 million (amount allocated from funds raised through stock acquisition rights)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Construction of the high-voltage grid-scale battery storage facility “fantasista nagahama PSS (Nagahama Battery Storage Facility)"TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Operation of grid-scale battery storage facilities
Location Nagahama City, Shiga PrefectureShare capital ¥1 million (fantasista battery 3 limited liability company)
Consideration and expenses
Acquisition priceDisclosure is being withheld in light of the impact on relevant business partners of disclosing the construction cost of the individual battery storage facility.
Funding arrangementsOf the funds raised through the issuance of the ninth series of stock acquisition rights by way of a third-party allotment announced by the Company on 30 October 2025, ¥200 million will be allocated as business funding for the Company and its subsidiaries. The remaining amount is scheduled to be funded through NC's own funds and bank borrowings.
Impact on Business Performance
The business plan and other details are being reviewed in preparation for the start of operations in April 2027, and the impact is scheduled to be incorporated into the earnings forecast for the fiscal year ending September 2027.
| Item | Details |
|---|---|
| Transaction name | Construction of the high-voltage grid-scale battery storage facility “fantasista nagahama PSS (Nagahama Battery Storage Facility)" |
| Business Description of the Subject Company | Operation of grid-scale battery storage facilities |
| Location of the Subject Company | Nagahama City, Shiga Prefecture |
| Capital Stock of the Subject Company | ¥1 million (fantasista battery 3 limited liability company) |
| Acquisition price | Disclosure is being withheld in light of the impact on relevant business partners of disclosing the construction cost of the individual battery storage facility. |
| Funding arrangements | Of the funds raised through the issuance of the ninth series of stock acquisition rights by way of a third-party allotment announced by the Company on 30 October 2025, ¥200 million will be allocated as business funding for the Company and its subsidiaries. The remaining amount is scheduled to be funded through NC's own funds and bank borrowings. |
| Impact on Business Performance | The business plan and other details are being reviewed in preparation for the start of operations in April 2027, and the impact is scheduled to be incorporated into the earnings forecast for the fiscal year ending September 2027. |
| Date of board resolution | 14 October 2026 |
| Execution Date / Effective Date | Construction scheduled to begin in October 2026; completion and handover scheduled for March 2027; operations scheduled to begin in April 2027 |
Items this document does not state (23)
Counterparty nameName of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition
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.The Company positions its grid-scale battery storage business as a growth business because it is a clean energy business that contributes to stabilising domestic electricity supply and demand and expanding the adoption of renewable energy. It aims to maximise earnings and enhance business value by leveraging the expertise it has accumulated in development, equipment installation and operations at its existing Gunma Ota Battery Storage Facility.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.