Worth reading
57In focus
Scored from 3 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
300
As a percentage of consolidated net assets for the immediately preceding fiscal year (fiscal year ended June 2025) (% or more)Wording
Conditional
How definitive the wording is.This transaction
Acquisition of this facilityCounterpartyNot disclosed
Disclosing companyBirdman Inc.
TimelineThe spacing between the points is proportional to the actual number of days.
Consideration and expenses
Acquisition priceUndisclosed*
Type of ConsiderationCash (fixed asset acquisition costs: 30% contract payment, 30% materials ordering costs, 30% construction costs, and 10% land and interconnection costs)
Impact on Business Performance
The impact of this acquisition on revenue for the current fiscal year (fiscal year ending June 2027) is immaterial. The Company will promptly disclose any matters requiring disclosure concerning the impact on earnings forecasts from the following fiscal year onward or construction progress.
Procedures and assumptions
Management structure after acquisitionFollowing grid interconnection, the Company plans to conduct trial operations and then transition to operations in the primary balancing market. The Company is also considering exit strategies, including converting the facility into an asset held for sale, depending on market trends.
Location (asset)Within the service area of Chubu Electric Power Grid Co., Inc., Hamamatsu, Shizuoka Prefecture (land area: 919 m²)
Description of facilitiesAC capacity: 1,960 kW; DC capacity: 8,128 kWh. The battery and power conditioner are manufactured by HUAWEY.
| Item | Details |
|---|---|
| Transaction name | Acquisition of this facility |
| Counterparty name | Not disclosed |
| Acquisition price | Undisclosed* |
| Type of Consideration | Cash (fixed asset acquisition costs: 30% contract payment, 30% materials ordering costs, 30% construction costs, and 10% land and interconnection costs) |
| Impact on Business Performance | The impact of this acquisition on revenue for the current fiscal year (fiscal year ending June 2027) is immaterial. The Company will promptly disclose any matters requiring disclosure concerning the impact on earnings forecasts from the following fiscal year onward or construction progress. |
| Date of board resolution | 6 August 2026 |
| Contract Date | 6 August 2026 |
| Execution Date / Effective Date | 17 August 2026 |
| Management structure after acquisition | Following grid interconnection, the Company plans to conduct trial operations and then transition to operations in the primary balancing market. The Company is also considering exit strategies, including converting the facility into an asset held for sale, depending on market trends. |
| Location (asset) | Within the service area of Chubu Electric Power Grid Co., Inc., Hamamatsu, Shizuoka Prefecture (land area: 919 m²) |
| Description of facilities | AC capacity: 1,960 kW; DC capacity: 8,128 kWh. The battery and power conditioner are manufactured by HUAWEY. |
Items this document does not state (23)
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)Valuation 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.The Company is promoting its grid-scale battery storage business as a stable earnings base over the medium to long term, and intends to expand the scale of the business and diversify its revenue sources through this facility, which will be its third battery storage facility. The Company also expects stable earnings by utilizing multiple electricity markets, including the wholesale electricity market, balancing market and capacity market, as grid interconnection conditions have already been secured.
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.