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M&A and Subsidiary Changes5884KURADASHI.Co.,Ltd.Retail

(Update on Previously Disclosed Matters) Notice Regarding the Progress of the Joint Venture with GreenEnergy & Company Inc.

With respect to the joint venture with 株式会社グリーンエナジー&カンパニー, we entered into an asset management agreement with the GK we had established, and the GK became our consolidated subsidiary. In addition, we entered into silent partnership investment agreements with the GK and 株式会社グリーンエナジー&カンパニー for the joint development and operation of battery storage facilities.

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This transaction

Joint Ventures
CounterpartyGreenEnergy & Company Inc.
Disclosing companyKURADASHI.Co.,Ltd.
KURADASHI Investment 2 GKSubject of this transaction
TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Target company

1. Installation, operation and maintenance of battery storage facilities 2. Transactions relating to the supply and sale of electricity from battery storage facilities, securing supply capacity, and balancing supply and demand 3. Acquisition, holding and disposal of equity interests in partnerships or shares or equity interests in companies that invest in the businesses listed in the preceding items 4. All other businesses incidental or related to the preceding items

Location Shinagawa Ward, TokyoShare capital ¥100,000Date of incorporation 1 July 2026
Consideration and expenses
Type of ConsiderationMixed. 株式会社クラダシ and 株式会社グリーンエナジー&カンパニー will make silent partnership investments. The investment ratio will be 50.0% each.
Impact on Business Performance

The impact on consolidated full-year results for the fiscal year ending June 2027, including the impact of other factors, is currently under review.

Procedures and assumptions
Management structure after acquisitionWe will be responsible for managing the affairs of the GK. The GK will become our consolidated subsidiary.
This transaction
ItemDetails
Transaction nameJoint Ventures
Counterparty nameGreenEnergy & Company Inc.
Name of the Subject CompanyKURADASHI Investment 2 GK
Business Description of the Subject Company1. Installation, operation and maintenance of battery storage facilities 2. Transactions relating to the supply and sale of electricity from battery storage facilities, securing supply capacity, and balancing supply and demand 3. Acquisition, holding and disposal of equity interests in partnerships or shares or equity interests in companies that invest in the businesses listed in the preceding items 4. All other businesses incidental or related to the preceding items
Location of the Subject CompanyShinagawa Ward, Tokyo
Capital Stock of the Subject Company¥100,000
Date of Establishment of the Subject Company1 July 2026
Type of ConsiderationMixed. 株式会社クラダシ and 株式会社グリーンエナジー&カンパニー will make silent partnership investments. The investment ratio will be 50.0% each.
Impact on Business PerformanceThe impact on consolidated full-year results for the fiscal year ending June 2027, including the impact of other factors, is currently under review.
Contract Date12 August 2026
Execution Date / Effective Date21 August 2026 (予定)
Management structure after acquisitionWe will be responsible for managing the affairs of the GK. The GK will become our consolidated subsidiary.
Items this document does not state (20)
Net 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 CommitteeConditions Precedent to Execution

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 promote the deployment and expansion of grid-scale battery storage systems in Japan and accelerate the joint development and operation of grid-scale battery storage facilities.

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(Update on Previously Disclosed Matters) Notice Regarding the Progress of the Joint Venture with GreenEnergy & Company Inc. | KURADASHI.Co.,Ltd. (5884) timely disclosure | Komori