Komori
Business alliance6428OIZUMI CorporationMachinery

Notice Regarding the Commencement of a New Business by a Consolidated Subsidiary

神奈川電力株式会社, a consolidated subsidiary, has acquired 2 hotels in Atami and Ito, Shizuoka Prefecture, and plans to commence its hotel business on 1 August 2026. The acquisition and renovation costs are expected to total approximately ¥1.1 billion.

Worth reading
44Recurring
Scored from 2 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
1100
¥ million
Wording
Conditional
How definitive the wording is.

Agreements reached under this partnership

Impact on Business Performance

The impact of this matter on the Company's results for the fiscal year ending March 2027 is currently under review. If it becomes necessary to revise the Company's forecasts or if any material disclosure matters arise, the Company will promptly make an announcement.

Date of board resolution21 July 2026
Agreements reached under this partnership
ItemDetails
Date of board resolution21 July 2026
Impact on Business PerformanceThe impact of this matter on the Company's results for the fiscal year ending March 2027 is currently under review. If it becomes necessary to revise the Company's forecasts or if any material disclosure matters arise, the Company will promptly make an announcement.
Items this document does not state (21)
Name of alliance partnerAlliance partner's business activitiesAlliance partner's locationAlliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeType of allianceDetails of the allianceNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyContract DateAlliance start dateShare Acquisition Date and Payment DateChange in major shareholders

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.

In the solar power generation business, it has become difficult to maintain and expand profitability over the medium to long term due to the expiration of fixed-price purchase periods, declining electricity purchase prices and lower investment returns. The aim is to review the business portfolio, diversify revenue sources and capture growing tourism and inbound demand.

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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.
Notice Regarding the Commencement of a New Business by a Consolidated Subsidiary | OIZUMI Corporation (6428) timely disclosure | Komori