Komori
M&A and Subsidiary Changes6578CORREC HOLDINGS Inc.Information and Communications, Services and Others

Notice Regarding Entry into the Grid-Scale Battery Storage Business and Acquisition of Battery Storage Facilities

The Company will enter the grid-scale battery storage business and acquire land in Kume District, Okayama Prefecture, together with a high-voltage grid-scale battery storage facility, tentatively named the “Okayama Battery Storage Facility.” The acquisition is scheduled for September 2026, and operations are scheduled to commence in March 2027.

Worth reading
31Immaterial
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
30
As a percentage of the consolidated net assets of the Company’s group (equivalent to at least %)
Wording
Conditional
How definitive the wording is.

This transaction

Entry into the Grid-Scale Battery Storage Business and Acquisition of Battery Storage Facilities
TimelineThe spacing between the points is proportional to the actual number of days.
Consideration and expenses
Acquisition priceNot disclosed due to confidentiality obligations between the parties (equivalent to at least 30% of the consolidated net assets of the Company’s group)
Funding arrangementsFunded through borrowings from financial institutions
Impact on Business Performance

The impact of this business on consolidated results for the fiscal year ending February 2027 is expected to be minor.

Procedures and assumptions
Management structure after acquisitionConstruction will be outsourced to an electrical installation contractor under an EPC arrangement, and operations will be outsourced to a specialized aggregator.
This transaction
ItemDetails
Transaction nameEntry into the Grid-Scale Battery Storage Business and Acquisition of Battery Storage Facilities
Acquisition priceNot disclosed due to confidentiality obligations between the parties (equivalent to at least 30% of the consolidated net assets of the Company’s group)
Funding arrangementsFunded through borrowings from financial institutions
Impact on Business PerformanceThe impact of this business on consolidated results for the fiscal year ending February 2027 is expected to be minor.
Date of board resolution31 August 2026
Execution Date / Effective DateSeptember 2026 (scheduled) (acquisition date); operations are scheduled to commence in March 2027
Management structure after acquisitionConstruction will be outsourced to an electrical installation contractor under an EPC arrangement, and operations will be outsourced to a specialized aggregator.
Items this document does not state (25)
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 CompanyExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageGoodwill amountAmount of extraordinary income (loss)Contract DateValuation 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 contribute to the promotion of renewable energy use and the stabilization of the power grid, strengthen ESG management, establish a long-term earnings base, and enhance corporate value.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Entry into the Grid-Scale Battery Storage Business and Acquisition of Battery Storage Facilities | CORREC HOLDINGS Inc. (6578) timely disclosure | Komori