Worth reading
73In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
550000000
¥Wording
Conditional
How definitive the wording is.Decision and Details
Board of DirectorsBorrowing of funds and provision of collateral
Decision29 October 2026
Period CoveredLoan period from 30 October 2026 to 28 December 2026
Implementation30 October 2026 (scheduled borrowing date)
Going forwardThe loan is scheduled to be drawn down on 30 October 2026 and repaid in full at maturity on 28 December 2026. The company plans to secure the repayment funds through the exercise of the 9th Series Stock Acquisition Rights, the sale of the battery storage facility in question, or separate financing. If any matters requiring future disclosure arise, such as enforcement of the collateral, the company will disclose them promptly.
AmountBorrowing amount of ¥550 million, annual interest rate of 15.0%, and estimated interest expense of approximately ¥13 million in the fiscal year ending June 2027
Quantity / scale8 parcels of land, totaling 780 m²; battery storage equipment with an AC capacity of 1,999.9 kW and a DC capacity of 8,128 kWh
Reason
The exercise of the 9th Series Stock Acquisition Rights has not progressed as planned, resulting in a substantial delay in securing funds for business operations and working capital.
Impact on Business Performance
The company expects to record approximately ¥13 million in interest expense and registration fees and other costs related to establishing the collateral in the fiscal year ending June 2027. The impact of this borrowing on the consolidated earnings forecast for the current fiscal year is currently under review.
| Item | Details |
|---|---|
| Matter Covered | Borrowing of funds and provision of collateral |
| Decision-Making Body | Board of Directors |
| Decision Date | 29 October 2026 |
| Implementation Date | 30 October 2026 (scheduled borrowing date) |
| Period Covered | Loan period from 30 October 2026 to 28 December 2026 |
| Amount | Borrowing amount of ¥550 million, annual interest rate of 15.0%, and estimated interest expense of approximately ¥13 million in the fiscal year ending June 2027 |
| Quantity / scale | 8 parcels of land, totaling 780 m²; battery storage equipment with an AC capacity of 1,999.9 kW and a DC capacity of 8,128 kWh |
| Impact on Business Performance | The company expects to record approximately ¥13 million in interest expense and registration fees and other costs related to establishing the collateral in the fiscal year ending June 2027. The impact of this borrowing on the consolidated earnings forecast for the current fiscal year is currently under review. |
| Reason | The exercise of the 9th Series Stock Acquisition Rights has not progressed as planned, resulting in a substantial delay in securing funds for business operations and working capital. |
| Related previous disclosures | “Notice Regarding the Acquisition of Fixed Assets (Grid-Connected Battery Storage Equipment),” dated 27 October 2025; “Notice Regarding Completion and Commencement of Operations of Grid-Connected Battery Storage Equipment,” dated 2 July 2026; and “Notice Regarding the Issuance of New Shares and the 9th Series Stock Acquisition Rights through a Third-Party Allotment and Changes in the Major Shareholder, Largest Shareholder and Other Affiliated Company,” dated 5 March 2026 |
| Future plans | The loan is scheduled to be drawn down on 30 October 2026 and repaid in full at maturity on 28 December 2026. The company plans to secure the repayment funds through the exercise of the 9th Series Stock Acquisition Rights, the sale of the battery storage facility in question, or separate financing. If any matters requiring future disclosure arise, such as enforcement of the collateral, the company will disclose them promptly. |
Items this document does not state (1)
Governing Rule
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 exercise of the 9th Series Stock Acquisition Rights has not progressed as planned due to the weak share price, resulting in a substantial delay in securing funds for business operations and working capital. The company states that it therefore needs to secure funds urgently.
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