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M&A and Subsidiary Changes37264Cs HD Co.,Ltd.Retail

(Update on Previously Disclosed Matter) Notice of Progress in the Transfer of Land and Grid Interconnection Rights for a Grid-Scale Battery Storage Facility

With respect to the transfer of the land and grid connection rights announced on 24 April, receipt of the transfer consideration was delayed beyond the scheduled date. The settlement date for the remaining consideration has changed to 21 July 2026, while the timing of revenue recognition for the fiscal year ending September 2026 remains unchanged from the previous disclosure.

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This transaction

Name of transaction
TimelineThe spacing between the points is proportional to the actual number of days.
Consideration and expenses
Type of ConsiderationType of consideration
Impact on Business Performance

The impact of the delayed payment is expected to be immaterial. The impact of this transfer on results for the fiscal year ending September 2026 is currently under review.

Procedures and assumptions
Conditions Precedent to ExecutionThe construction cost contribution and the timing of grid interconnection are expected to be finalized upon completion of the appointment of a chief engineer and Tokyo Electric Power Company's technical review.
This transaction
ItemDetails
Transaction nameName of transaction
Type of ConsiderationType of consideration
Impact on Business PerformanceThe impact of the delayed payment is expected to be immaterial. The impact of this transfer on results for the fiscal year ending September 2026 is currently under review.
Contract Date24 April 2026
Execution Date / Effective Date21 July 2026 (settlement date for the remaining consideration, as agreed between the parties to the agreement)
Conditions Precedent to ExecutionThe construction cost contribution and the timing of grid interconnection are expected to be finalized upon completion of the appointment of a chief engineer and Tokyo Electric Power Company's technical review.
Items this document does not state (26)
Counterparty nameName 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 priceMerger 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 resolutionValuation 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.

For the Yamanashi project, appointing a chief engineer became necessary before the technical review to finalize the construction cost contribution and construction period for the grid interconnection work by Tokyo Electric Power Company. As this procedure took longer than expected, completion of the technical review and receipt of payment from the contractual counterparty have been delayed.

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(Update on Previously Disclosed Matter) Notice of Progress in the Transfer of Land and Grid Interconnection Rights for a Grid-Scale Battery Storage Facility | 4Cs HD Co.,Ltd. (3726) timely disclosure | Komori