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Management planning5019Idemitsu Kosan Co.,Ltd.Energy Resources

Opened a development lab for space-use CIGS solar cells in the United States, strengthening ties with the U.S. market and accelerating commercialization

Idemitsu Kosan opened a development lab for space-use CIGS solar cells at the University of California, Santa Barbara. The lab provides a base for advancing product development and early commercialization through technical discussions with local customers and prototype production and evaluation.

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Items stated in the management plan

Medium-Term Management Plan (FY2026-FY2030)Plan period Fiscal years 2026–2030
Publication date 8 September 2026
Key initiatives
01Technical discussions with customers and space-related companies
02Identifying market needs and feeding them back to R&D centers in Japan
03Prototype production and evaluation, and reliability validation
04Technical analysis and technology proposals tailored to customer issues
Non-financial targetsIndicator name Launch of a bench-scale plant for mass-production technology development / Target value Launch / Timing Around 2027
Items stated in the management plan
ItemDetails
Plan nameMedium-Term Management Plan (FY2026-FY2030)
Plan periodFiscal years 2026–2030
Non-financial targetsIndicator name Launch of a bench-scale plant for mass-production technology development / Target value Launch / Timing Around 2027
Key initiativesTechnical discussions with customers and space-related companies, Identifying market needs and feeding them back to R&D centers in Japan, Prototype production and evaluation, and reliability validation, Technical analysis and technology proposals tailored to customer issues
Publication date8 September 2026
Items this document does not state (20)
Progress against the planSales 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 targetPlan assumptionsResults under the previous planReason for revision or withdrawalSize of the Target MarketRisks identifiedDate of board resolution

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The reasons the company gives

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The U.S. is home to many space-related companies and satellite manufacturers, making it a convenient location for technical discussions with customers. The lab will also enable the company to identify local market needs and accelerate product development and mass-production technology development.

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Opened a development lab for space-use CIGS solar cells in the United States, strengthening ties with the U.S. market and accelerating commercialization | Idemitsu Kosan Co.,Ltd. (5019) timely disclosure | Komori