Announced details
One-person, short-distance transportation; mobility challenges in regional areas; business travel by corporations; future autonomous driving and MaaS; VPPs (virtual power plants)
CO₂ emissions during driving are reduced by approximately 80% compared with conventional gasoline-powered vehicles, and by approximately 99% when charged using solar power.
The company has secured many advance reservations, but the number is not disclosed.
The Company subscribed for shares issued through a third-party allotment by KG Motors and completed the investment. No relationship other than the capital relationship is disclosed.
Head office: 2-2-9 Nishiosawa, Higashihiroshima, Hiroshima Prefecture; Representative Director and CEO: Kusunoki Kazunari (楠一成); business: manufacturing and sales of compact mobility robots and development of MaaS
KG Motors’ head office: 2-2-9 Nishiosawa, Higashihiroshima, Hiroshima Prefecture
The impact on the Company’s consolidated results for the current fiscal year is expected to be minor. The investment is expected to contribute to an increase in corporate value over the medium to long term. The Company will promptly disclose any event that could have a material impact.
The company does not address Contract Value / Offering price.
According to KG Motors
| Item | Details |
|---|---|
| Names of Products / Services Covered | mibot (ミボット), an ultra-compact mobility vehicle |
| Counterparty | KGモーターズ株式会社 |
| Counterparty overview | Head office: 2-2-9 Nishiosawa, Higashihiroshima, Hiroshima Prefecture; Representative Director and CEO: Kusunoki Kazunari (楠一成); business: manufacturing and sales of compact mobility robots and development of MaaS |
| Relationship with the Company | The Company subscribed for shares issued through a third-party allotment by KG Motors and completed the investment. No relationship other than the capital relationship is disclosed. |
| Applicable area | One-person, short-distance transportation; mobility challenges in regional areas; business travel by corporations; future autonomous driving and MaaS; VPPs (virtual power plants) |
| Location | KG Motors’ head office: 2-2-9 Nishiosawa, Higashihiroshima, Hiroshima Prefecture |
| Quantitative Effects | CO₂ emissions during driving are reduced by approximately 80% compared with conventional gasoline-powered vehicles, and by approximately 99% when charged using solar power. |
| Usage history | The company has secured many advance reservations, but the number is not disclosed. |
| Impact on Business Performance | The impact on the Company’s consolidated results for the current fiscal year is expected to be minor. The investment is expected to contribute to an increase in corporate value over the medium to long term. The Company will promptly disclose any event that could have a material impact. |
| Source | According to KG Motors |
Items this document does not state (8)
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.Because it assessed the future potential and business prospects of the new mobility market being opened up by “mibot.” In line with the transition to mass production and business expansion, the Group plans to support business growth by leveraging its management resources and technology infrastructure, with the aim of helping create a sustainable society.