Extension of the Deadline for Commencing Operations (Deadline for Commencing Power Sales) under a Long-Term Power Sales Agreement Using Renewable Energy and Resulting Delay Damages
KRエナジー１号合同会社 (consolidated subsidiary)
Non-FIT low-voltage solar power plants in Japan, 330 facilities in total as planned, with a total capacity of 31.350MW-DC / 16.335MW-AC
Funding for the construction of the solar power generation facilities was delayed.
Delay damages of up to approximately ¥78 million. An impact on results for the fiscal year ending March 2027 is expected.
Fiscal year ending March 2027
The Company will announce its earnings forecast for the fiscal year ending March 2027 after reviewing the impact on revenue, profit and delay damages.
The Company will promptly proceed with completing construction, grid connection and commencement of power sales at the plants, and will complete the solar power generation business. It will review the impact on revenue, profit and delay damages.
If any matter requiring disclosure arises, the Company will promptly announce it.
| Item | Details |
|---|---|
| Event name | Extension of the Deadline for Commencing Operations (Deadline for Commencing Power Sales) under a Long-Term Power Sales Agreement Using Renewable Energy and Resulting Delay Damages |
| Date of occurrence | 11 May 2026 (the date this document was executed) |
| Date recognized / date notice received | 9 May 2026 (the date the document was presented by the global IT company) |
| Subject Entity | KRエナジー１号合同会社 (consolidated subsidiary) |
| Target Locations / Products | Non-FIT low-voltage solar power plants in Japan, 330 facilities in total as planned, with a total capacity of 31.350MW-DC / 16.335MW-AC |
| Cause | Funding for the construction of the solar power generation facilities was delayed. |
| Amount of Impact on Business Performance | Delay damages of up to approximately ¥78 million. An impact on results for the fiscal year ending March 2027 is expected. |
| Accounting period in which recognized | Fiscal year ending March 2027 |
| Impact on Earnings Forecast | The Company will announce its earnings forecast for the fiscal year ending March 2027 after reviewing the impact on revenue, profit and delay damages. |
| Outlook | The Company will promptly proceed with completing construction, grid connection and commencement of power sales at the plants, and will complete the solar power generation business. It will review the impact on revenue, profit and delay damages. |
| Planned follow-up disclosure | If any matter requiring disclosure arises, the Company will promptly announce it. |
Items this document does not state (14)
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.Funding required for the construction of the solar power generation facilities was delayed, and the deadline for commencing power sales by the end of March 2026 was not met.