Worth reading
35Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
3
sites (additional sites acquired)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedKey initiatives
01Early entry leveraging land-sourcing capabilities and rights-coordination capabilities
02Selection of high-quality projects and expansion of sourcing opportunities
03Early accumulation of business know-how
04Building strong relationships with business partners
05Step 1 | Accumulation of operating experience
06Step 2 | Expansion of business scale
07Step 3 | Diversification of revenue streams and improvement of capital efficiency
Plan assumptionsDomestic market size for the battery storage business: ¥45.0 billion in FY2024 and approximately ¥424.0 billion in FY2030, Market growth rate: CAGR of 45.3% (FY2024–FY2030, calculated by the company), Commercialization cases for battery storage: 10% case and 20% case, Assumed conversion rate from connection applications to actual operation: approximately 70%
Non-financial targetsIndicator name Number of sites secured / Target value 10 sites in total / Timing During FY2026
Size of the Target MarketFY2024 ¥45 billion / FY2030 Approximately ¥424.0 billion / Growth rate CAGR of 45.3% (FY2024–FY2030) / Source Yano Research Institute Ltd., “Survey of the Battery Storage Business Market (2025)” (announced 20 January 2026, based on operators’ revenue)
Risks identified by the company
Risks and challenges associated with site selection, rights coordination and negotiations with government authorities
Not all projects for which connection studies have been requested will ultimately achieve grid connection
Future outlooks contain uncertain elements
| Item | Details |
|---|---|
| Plan name | Growth Strategy for the Grid-Scale Battery Storage Business |
| Progress against the plan | Formulated |
| Non-financial targets | Indicator name Number of sites secured / Target value 10 sites in total / Timing During FY2026 |
| Plan assumptions | Domestic market size for the battery storage business: ¥45.0 billion in FY2024 and approximately ¥424.0 billion in FY2030, Market growth rate: CAGR of 45.3% (FY2024–FY2030, calculated by the company), Commercialization cases for battery storage: 10% case and 20% case, Assumed conversion rate from connection applications to actual operation: approximately 70% |
| Key initiatives | Early entry leveraging land-sourcing capabilities and rights-coordination capabilities, Selection of high-quality projects and expansion of sourcing opportunities, Early accumulation of business know-how, Building strong relationships with business partners, Step 1 | Accumulation of operating experience, Step 2 | Expansion of business scale, Step 3 | Diversification of revenue streams and improvement of capital efficiency |
| Size of the Target Market | FY2024 ¥45 billion / FY2030 Approximately ¥424.0 billion / Growth rate CAGR of 45.3% (FY2024–FY2030) / Source Yano Research Institute Ltd., “Survey of the Battery Storage Business Market (2025)” (announced 20 January 2026, based on operators’ revenue) |
| Risks identified | Risks and challenges associated with site selection, rights coordination and negotiations with government authorities, Not all projects for which connection studies have been requested will ultimately achieve grid connection, Future outlooks contain uncertain elements |
| Publication date | 15 June 2026 |
Items this document does not state (17)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetResults under the previous planReason for revision or withdrawalDate of board resolution
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 enter early into a growth market with strong expected profitability and strengthen competitiveness by accumulating sourcing results and business know-how and building relationships with business partners.
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.