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M&A and Subsidiary Changes6838TAMAGAWA HOLDINGS CO.,LTD.Electrical Equipment and Precision Instruments

Notice of Progress in the Acquisition of Fixed Assets by Our Subsidiary (Purchase of Business Site and Power Generation Rights for a Grid-Scale Battery Storage Facility)

The project involving the land and development rights for the grid-scale battery storage facility to be acquired by 多摩川エナジー has changed from Kirishima, Kagoshima Prefecture, to Iga, Mie Prefecture. The purchase price of ¥120 million, excluding tax, and the total development costs of ¥570 million, excluding tax, remain unchanged. Grid connection is now scheduled for September 2027.

Worth reading
30Immaterial
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
120
¥ million, excluding tax
Wording
Avoiding a definitive answer
How definitive the wording is.

This transaction

Acquisition of fixed assets (purchase of project land and power generation rights for a grid-scale battery storage facility)
Counterparty株式会社グリーンエナジー・プラス
Disclosing companyTAMAGAWA HOLDINGS CO.,LTD.
Subject of this transaction
Contract Date7 August 2026 (agreement to amend)
Consideration and expenses
Acquisition price¥120 million, excluding tax
Type of ConsiderationCash
Impact on Business Performance

The impact on consolidated results for the fiscal year ending October 2026 will be minor.

This transaction
ItemDetails
Transaction nameAcquisition of fixed assets (purchase of project land and power generation rights for a grid-scale battery storage facility)
Counterparty name株式会社グリーンエナジー・プラス
Acquisition price¥120 million, excluding tax
Type of ConsiderationCash
Impact on Business PerformanceThe impact on consolidated results for the fiscal year ending October 2026 will be minor.
Contract Date7 August 2026 (agreement to amend)
Items this document does not state (26)
Name 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 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 resolutionExecution Date / Effective DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition

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.

The seller requested that the project be changed to the Iga, Mie Prefecture project, for which the certainty of commercialisation and the development schedule have been established. For the Iga project, a response to the application for a connection study has already been received from the electric utility, enabling grid connection to be planned for around September 2027 and allowing the business to commence earlier. The project can also be developed within the investment scale of the original plan. The decision was made after comprehensively considering the certainty of commercialisation, the development schedule and profitability.

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Notice of Progress in the Acquisition of Fixed Assets by Our Subsidiary (Purchase of Business Site and Power Generation Rights for a Grid-Scale Battery Storage Facility) | TAMAGAWA HOLDINGS CO.,LTD. (6838) timely disclosure | Komori