Advancing the Clean Energy Business, Including Solar Power Generation

「In June 2026, the first facility, “Ichigo Onjuku Iwawada ECO Energy Storage Facility,” began operations, and the company will continue to diversify its power sources while addressing regional issues.」

「In addition to further investment in solar power plants, the Company plans to develop community-integrated biomass power generation and a battery storage business as third energy sources that will contribute to a more stable electricity supply, address issues including the aging of forests, support erosion-control measures, and revitalize local economies.」

「Stock revenue in the clean energy business grew during the first half, supported by the full-period contribution from Ichigo Ebino Suenaga ECO Power Plant (13.99MW/FIT price: ¥40), the Company's second-largest solar power plant, which began generation at the end of the previous fiscal year. At the end of the first half, the total number of power plants developed and operated by the Company that had begun generation stood at 64, with generation capacity of 188.2MW.」

「Stock revenue from the clean energy business declined slightly year on year during the first quarter due to adverse weather nationwide and output curtailment. However, further revenue growth is expected from the increasing contribution of Ichigo Ebino Suenaga ECO Power Plant (13.99MW/FIT price: ¥40), the Company's second-largest solar power plant, which began generation at the end of the previous fiscal year. At the end of the first quarter, the total number of power plants developed and operated by the Company that had begun generation reached 64, with generation capacity of 188.2MW.」

「At the end of the current fiscal year, the total number of power plants developed and operated by the Company that had begun generation grew to 64, with generation capacity of 188.2MW. In addition to further investment in solar power plants, the Company plans to develop community-integrated biomass power generation in cooperation with local governments and communities as a third energy source that will contribute to a more stable electricity supply, address issues including the aging of forests, support erosion-control measures, and revitalize local economies.」

「Ichigo Ebino Suenaga ECO Power Plant (FIT price: ¥40), the Company's second-largest solar power plant with capacity of 13.99MW, began generating electricity on 2 January 2024.」

「Segment revenue declined 1.8% year on year to ¥3,147 million and segment profit declined 13.8% to ¥1,189 million, mainly due to temporary operating shutdowns for equipment maintenance.」

「During the current fiscal year, the Company plans to begin generation at Ichigo Ebino Suenaga ECO Power Plant (FIT price: ¥40), its second-largest solar power plant, with capacity of 13.99MW.」

「During the current fiscal year, 3 power plants with generation capacity of 5MW, up 3.7% from the end of the previous fiscal year, newly began generating electricity. The total number of power plants developed and operated by the Company that have begun generation grew to 63, with generation capacity of 174.2MW. In addition to further investment in solar power plants, the Company plans to develop green biomass power generation as a third energy source that will contribute to a more stable electricity supply, address issues including the aging of forests, support erosion-control measures, and revitalize local economies.」

「Segment performance benefited from full-year contributions from power plants completed in the previous fiscal year and the start of electricity sales at 2 additional power plants during the first quarter, resulting in segment revenue of ¥3,205 million, up 7.1% year on year. However, segment profit declined 1.0% to ¥1,380 million due to an increase in management advisory fees charged to the segment following an organizational change.」

「During the current fiscal year, 3 new power plants with generation capacity of 5MW, up 3.7% from the end of the previous fiscal year, are scheduled to begin generating electricity. During the first quarter, 2 power plants began operations. The total number of power plants developed and operated by the Company that have begun generation grew to 62, with generation capacity of 173.1MW. In addition to further investment in solar power plants, the Company plans to develop green biomass power generation as a third energy source that will contribute to a more stable electricity supply, address issues including the aging of forests, support erosion-control measures, and revitalize local economies.」

「During the current fiscal year, 9 power plants with generation capacity of 19MW, up 13% from the end of the previous fiscal year, including Ichigo Yonezawa Itaya ECO Power Plant, Ichigo's first wind power plant, began generating electricity. As a result, the total number of operating power plants grew to 60, with generation capacity of 169.1MW. In addition, 2 power plants have already begun generating electricity in the following fiscal year. From the fiscal year ending February 2023 onward, the Company plans to develop a pipeline of 5 power plants with generation capacity of 26.0MW, as well as green biomass power generation as a third energy source that will contribute to a more stable electricity supply, address issues including the aging of forests, support erosion-control measures, and revitalize local economies.」

「During the current fiscal year, 9 new power plants with generation capacity of 19MW, up 13% from the end of the previous fiscal year, are scheduled to begin generating electricity. By the end of the third quarter, 6 power plants, including Ichigo Yonezawa Itaya ECO Power Plant, Ichigo's first wind power plant, had begun operations. The total number of power plants developed and operated by the Company that have begun generation reached 57, with generation capacity of 162.7MW. In addition to a further pipeline of 10 power plants with generation capacity of 36.4MW, the Company plans to develop green biomass power generation as a third energy source that will contribute to a more stable electricity supply, address issues including the aging of forests, support erosion-control measures, and revitalize local economies.」

「During the current fiscal year, 10 new power plants with generation capacity of 20MW, up 13% from the end of the previous fiscal year, are scheduled to begin generating electricity. By the end of the second quarter, Ichigo Yonezawa Itaya ECO Power Plant, Ichigo's first wind power plant, had begun generation. The total number of power plants developed and operated by the Company that have begun generation reached 52, with generation capacity of 157.4MW. In addition to a further pipeline of 15 power plants with generation capacity of 41.5MW, the Company plans to develop green biomass power generation as a third energy source that will contribute to a more stable electricity supply, address the aging of forests, and support erosion-control measures.」

「During the current fiscal year, 12 new power plants with generation capacity of 23.9MW, up 16% from the end of the previous fiscal year, are scheduled to begin generating electricity. During the first quarter, Ichigo Yonezawa Itaya ECO Power Plant, Ichigo's first wind power plant, began generation. The total number of power plants developed and operated by the Company that have begun generation reached 52, with generation capacity of 157.4MW. In addition to a further pipeline of 15 power plants with generation capacity of 41.5MW, the Company plans to develop green biomass power generation as a third energy source that will contribute to a more stable electricity supply, address the aging of forests, and support erosion-control measures.」

「During the third quarter, 2 power plants with panel capacity of 2.7MW newly began generating electricity, bringing the cumulative total for the current fiscal year to 5 power plants with 10.8MW. Despite the global impact of COVID-19, new power plants have begun operations steadily in this relatively stable business, which is not easily affected by market conditions. Total panel capacity stood at 117.7MW at the end of the third quarter, up 32% year on year. In addition, 2 power plants with capacity of 10.2MW, including Ichigo's first wind power plant, are scheduled to begin generating electricity in the fourth quarter, and further growth in electricity sales revenue is expected.」

「During the first half, 3 power plants with panel capacity of 8MW newly began generating electricity. Despite the global impact of COVID-19, new power plants have begun operations steadily in this relatively stable business, which is not easily affected by market conditions. Total panel capacity stood at 115MW at the end of the first half, an increase of 29% year on year. In addition, during the current fiscal year, 4 power plants with capacity of 13MW, including Ichigo's first wind power plant, are scheduled to begin generating electricity from the third quarter onward, and further growth in electricity sales revenue is expected.」

「During the first quarter, 3 power plants with panel capacity of 8MW newly began generating electricity. Despite the global impact of COVID-19, new power plants have begun operations steadily in this relatively stable business, which is not easily affected by market conditions. Panel capacity stood at 115MW at the end of the first quarter, an increase of 33% year on year. In addition, during the current fiscal year, 4 power plants with capacity of 13MW, including Ichigo's first wind power plant, are scheduled to begin generating electricity from the second quarter onward, and further growth in electricity sales revenue is expected.」

「Typhoons No. 15 and No. 19 made landfall with some of the strongest intensities ever recorded during the third quarter, but the power plants owned and managed by the Company sustained no damage to their generation equipment and have continued generating electricity smoothly. Although the rainy season ended late this year and the Company was affected by these typhoons, actual solar power generation for the current fiscal year exceeded the forecast as of the end of the third quarter. Construction of Ichigo Yonezawa Itaya ECO Power Plant, Ichigo's first wind power plant, is also progressing steadily. Commercialization of the solar power plant pipeline and development of wind power plants toward commencement of generation are continuing to progress steadily.」

「With the start of generation at this power plant, the number of power plants operated by the Company reached 42, with panel capacity of 118.82MW. Although the rainy season ended late this year and the Company was affected by typhoons, actual solar power generation during the first half remained in line with the forecast. Construction of Ichigo Yonezawa Itaya ECO Power Plant, Ichigo's first wind power plant, is also progressing steadily.」

「During the first quarter, Ichigo Sakahogi Fukaya ECO Power Plant began generating electricity. Built on the former site of a quarry in Kamo District, Gifu Prefecture, it has panel capacity of approximately 2.89MW. With the start of generation at this plant, the number of power plants operated by the Company reached 41, with panel capacity of 115.96MW. Construction of Ichigo Yonezawa Itaya ECO Power Plant, Ichigo's first wind power plant, is also progressing steadily.」

「During the current fiscal year, 5 solar power plants began selling electricity. Ichigo Kasaoka Iwanokuchi ECO Power Plant, one of them, is Ichigo's first floating solar power plant, built on the surface of an agricultural irrigation pond. In addition, Ichigo Showamura Ogoshi ECO Power Plant, one of the largest solar power plants in the Kanto region, began selling electricity in September of the year before last and contributed to earnings throughout the current fiscal year. Furthermore, wind-condition monitoring has been completed at Ichigo Yonezawa Itaya ECO Power Plant, Ichigo's first wind power plant, and the project has entered full-scale preparations for construction.」

「The Hokkaido Eastern Iburi Earthquake in September 2018 temporarily reduced power generation in that month versus the forecast, but none of the power plants sustained any damage, and cumulative generation for the current fiscal year has exceeded the forecast. Drawing on its real estate expertise and know-how, the Company builds robust power plants and selects suitable sites. It continues to expand its solar power pipeline under the same policy, while wind power projects are also progressing steadily toward commencement of generation.」

「Heavy rainfall in western Japan in July caused disruptions to local transportation networks, resulting in a 17-day suspension of power generation at Ichigo Kure Yasuura-cho Nakahata ECO Power Plant, among other impacts. However, none of the 14 power plants located in the disaster-affected area sustained damage, and all promptly resumed normal generation. Drawing on its real estate expertise and know-how, the Company builds robust power plants and selects suitable sites. It continues to expand its solar power pipeline under the same policy, while wind power projects are also progressing steadily toward commencement of generation.」

「Full-year operations at Ichigo Showamura Ogoshi ECO Power Plant, one of the largest solar power plants in the Kanto region, are expected to significantly increase earnings for the current fiscal year. In addition, 4 power plants, including Ichigo's first floating solar power plant, were completed and began selling electricity during the first quarter. The solar power pipeline continues to expand, while wind power projects are also progressing steadily toward commencement of generation.」

「During the current fiscal year, Kanto’s largest mega-solar facility, Ichigo Showamura Ogoe ECO Power Plant, began selling electricity approximately 4 months ahead of the original plan and has contributed to revenue since September of the current fiscal year. The power plant is expected to generate stable profit over the next 20 years. The company is also continuing to expand its mega-solar pipeline, while making steady progress toward power generation from its wind power projects.」

「During the current fiscal year, Kanto’s largest mega-solar facility, Ichigo Showamura Ogoe ECO Power Plant, began selling electricity approximately 4 months ahead of the original plan and has contributed to profit since the third quarter. The power plant is expected to generate stable profit over the next 20 years.」

「Electricity sales revenue declined year on year due to the impact of the sale of solar power plants to Ichigo Green in the previous consolidated fiscal year. However, segment revenue increased to ¥2,241 million, up 84.6% year on year, and segment profit to ¥596 million, up 70.0%, due in part to higher power generation equipment sales revenue following the sale of a solar power plant to Ichigo Green in the second quarter.」

「Regarding the performance of this segment, existing solar power plants continued to operate smoothly and newly commissioned plants that had begun selling electricity contributed to results. However, electricity sales revenue declined year on year due in part to the impact of the sale of solar power plants to Ichigo Green in the previous consolidated fiscal year. As a result, segment revenue was ¥373 million, down 32.9% year on year, and segment profit was ¥52 million, down 63.7%.」

「In the clean energy business, segment revenue was ¥12,352 million, up 658.4% year on year, and segment profit was ¥3,301 million, up 918.9%, due to the smooth operation of power plants, contributions from newly commissioned plants that had begun selling electricity, and the transfer in the fourth quarter of the consolidated fiscal year of 13 solar power plants to Ichigo Green, which is listed on the Tokyo Stock Exchange Infrastructure Fund Market, among other factors.」

「In the clean energy business, segment revenue was ¥1,783 million, up 35.6% year on year, and segment profit was ¥537 million, up 48.4%, as power plants continued to operate smoothly and newly commissioned plants that had begun selling electricity contributed to results.」

「In the clean energy business, segment revenue was ¥1,214 million, up 39.5% year on year, and segment profit was ¥351 million, up 20.7%, as power plants continued to operate smoothly and newly commissioned plants that had begun selling electricity contributed to results.」

「Promotion of the clean energy business, including solar power generation」