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Other Disclosures6420GALILEI HOLDINGS CO.LTD.Machinery

Fukushima Galilei selected for the Ministry of Economy, Trade and Industry’s FY2024 supplementary budget program, “Global South Future-Oriented Co-Creation and Other Projects”

フクシマガリレイ's proposal for a demonstration project to produce commercial refrigeration equipment in India was selected for a subsidy program run by the Ministry of Economy, Trade and Industry. The project is scheduled to launch in 2026, with the plant targeted to begin operations around 2028.

Worth reading
68In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
1570
¥ million (total project cost; total eligible costs)
Wording
Conditional
How definitive the wording is.

Announced details

Commercial refrigerators and freezers for restaurantsCommercial refrigeration equipment
Applicable field (uses covered by this announcement)

GX, food service, food freshness preservation, food loss reduction, carbon neutrality in the cold chain

Launch dateScheduled to launch in 2026; plant operations scheduled to begin around 2028
Relationship between the counterparty and the company
GALILEI HOLDINGS CO.LTD.6420
Relationship with the Company

Selecting body and subsidy provider for the project.

CounterpartyMinistry of Economy, Trade and Industry

A ministry of the Japanese government. It operates a program supporting large-scale demonstration projects conducted by Japanese companies in Global South countries.

Location (as indicated in this announcement)

India (specific location: Not disclosed)

Impact on Business Performance

A long investment recovery period is expected due to the large-scale upfront investment. Although the subsidy is expected to reduce the burden of the initial investment, the specific impact on financial results is Not disclosed.

The company does not address Contract Value / Offering price.

Source (materials cited by the company)

Ministry of Economy, Trade and Industry FY2024 supplementary budget subsidy for the Global South Future-Oriented Co-Creation, etc. Project

Announced details
ItemDetails
Names of Products / Services CoveredCommercial refrigerators and freezers for restaurants, Commercial refrigeration equipment
CounterpartyMinistry of Economy, Trade and Industry
Counterparty overviewA ministry of the Japanese government. It operates a program supporting large-scale demonstration projects conducted by Japanese companies in Global South countries.
Relationship with the CompanySelecting body and subsidy provider for the project.
Launch dateScheduled to launch in 2026; plant operations scheduled to begin around 2028
Applicable areaGX, food service, food freshness preservation, food loss reduction, carbon neutrality in the cold chain
LocationIndia (specific location: Not disclosed)
Impact on Business PerformanceA long investment recovery period is expected due to the large-scale upfront investment. Although the subsidy is expected to reduce the burden of the initial investment, the specific impact on financial results is Not disclosed.
SourceMinistry of Economy, Trade and Industry FY2024 supplementary budget subsidy for the Global South Future-Oriented Co-Creation, etc. Project
Items this document does not state (9)
Contract ValueOffering priceContract DateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateLocation scaleQuantitative EffectsUsage history

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.

With support from the Ministry of Economy, Trade and Industry, the company aims to reduce the burden of initial investment and the technical and commercial risks associated with production trials in India, while establishing a local mass-production system and implementing energy-saving and hygiene technologies in society.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Fukushima Galilei selected for the Ministry of Economy, Trade and Industry’s FY2024 supplementary budget program, “Global South Future-Oriented Co-Creation and Other Projects” | GALILEI HOLDINGS CO.LTD. (6420) timely disclosure | Komori