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M&A and Subsidiary Changes3070JELLY BEANS GROUP Co.,Ltd.Trading & Wholesale

(Change) Notice Regarding Changes to Part of the "Notice Concerning the Execution of an Order Contract for Batteries for Grid-Scale Battery Storage Facilities"

The scheduled completion dates for the batteries for the 3 previously announced grid-scale battery storage facilities have been changed again. Completion of the facility in Fujieda, Shizuoka Prefecture, has been postponed to around October 2027, while the completion dates for the facilities in Nagahama, Shiga Prefecture, and Kyotango, Kyoto Prefecture, have yet to be determined.

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This transaction

Execution of an Order Contract for Batteries for Grid-Scale Battery Storage Facilities
Counterparty二次資源ホールディングス株式会社
Disclosing companyJELLY BEANS GROUP Co.,Ltd.
Subject of this transaction
Execution Date / Effective DateScheduled completion: around October 2027 for Fujieda, Shizuoka Prefecture; to be determined for Nagahama, Shiga Prefecture, and Kyotango, Kyoto Prefecture
Impact on Business Performance

The impact on consolidated results for the fiscal year ending January 2027 is currently being examined, and will be disclosed promptly once determined.

Procedures and assumptions
Conditions Precedent to ExecutionCompletion of the Fujieda, Shizuoka Prefecture, facility is pending a response regarding the transmission and distribution operator's reexamination of the connection. The scheduled completion date may change depending on the response.
This transaction
ItemDetails
Transaction nameExecution of an Order Contract for Batteries for Grid-Scale Battery Storage Facilities
Counterparty name二次資源ホールディングス株式会社
Impact on Business PerformanceThe impact on consolidated results for the fiscal year ending January 2027 is currently being examined, and will be disclosed promptly once determined.
Execution Date / Effective DateScheduled completion: around October 2027 for Fujieda, Shizuoka Prefecture; to be determined for Nagahama, Shiga Prefecture, and Kyotango, Kyoto Prefecture
Conditions Precedent to ExecutionCompletion of the Fujieda, Shizuoka Prefecture, facility is pending a response regarding the transmission and distribution operator's reexamination of the connection. The scheduled completion date may change depending on the response.
Items this document does not state (27)
Name of the Subject CompanyBusiness Description of the Subject CompanyLocation of the Subject CompanyCapital Stock 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 CompanyAcquisition priceExpenses 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 percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeManagement structure after acquisition

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The reasons the company gives

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

The delays were caused in part by a review of connection studies by the transmission and distribution operators, and by notification from 二次資源ホールディングス株式会社 that completion of the 3 facilities is expected to be significantly delayed. Continuing at the current sites in Nagahama and Kyotango is difficult, and discussions are under way regarding relocation to other sites.

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(Change) Notice Regarding Changes to Part of the "Notice Concerning the Execution of an Order Contract for Batteries for Grid-Scale Battery Storage Facilities" | JELLY BEANS GROUP Co.,Ltd. (3070) timely disclosure | Komori