Komori
M&A and Subsidiary Changes7162ASTMAX Co.,Ltd.Electricity and gas

Notice Regarding the Transfer of Business Rights and Real Estate for a Grid-Scale Battery Storage Business and the Recognition of Operating Profit

The Company will transfer all rights relating to the grid-scale battery storage business it has been developing in Komoro, Nagano Prefecture, together with 5,286 m² of land for the business, to Hulic Co.,Ltd. As a result, the Company expects to record approximately ¥650 million in operating profit in the second quarter of the fiscal year ending March 2027.

Worth reading
44Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
650
¥ millions (operating profit)
Wording
Conditional
How definitive the wording is.

This transaction

This transfer
CounterpartyHulic Co.,Ltd.
Disclosing companyASTMAX Co.,Ltd.
Subject of this transaction
TimelineThe spacing between the points is proportional to the actual number of days.
Consideration and expenses
Acquisition priceThe transfer price is not disclosed because disclosure could hinder future business development and the formulation of transaction terms.
Impact on Business Performance

The Company expects to record approximately ¥650 million in operating profit in the second quarter of the fiscal year ending March 2027.

Procedures and assumptions
Valuation methodologyBusiness rights, etc.: to be discussed based on market prices or equivalent terms. Land: an appraisal report will be obtained from an independent expert, and the price will be determined through discussions.
Management structure after acquisitionWe plan to conduct aggregator operations for the grid-scale battery storage facility after it begins operations.
This transaction
ItemDetails
Transaction nameThis transfer
Counterparty nameHulic Co.,Ltd.
Acquisition priceThe transfer price is not disclosed because disclosure could hinder future business development and the formulation of transaction terms.
Impact on Business PerformanceThe Company expects to record approximately ¥650 million in operating profit in the second quarter of the fiscal year ending March 2027.
Date of board resolution17 July 2026
Contract Date17 July 2026
Execution Date / Effective Date24 July 2026
Valuation methodologyBusiness rights, etc.: to be discussed based on market prices or equivalent terms. Land: an appraisal report will be obtained from an independent expert, and the price will be determined through discussions.
Management structure after acquisitionWe plan to conduct aggregator operations for the grid-scale battery storage facility after it begins operations.
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 priceType of ConsiderationMerger 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)Independent 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 states that it decided to transfer the rights relating to the business and the land to Hulic Co.,Ltd. as part of its collaboration in the electric power business based on the capital and business alliance, taking into consideration the appropriateness of the transfer terms and the medium- to long-term partnership for future business development.

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 the Transfer of Business Rights and Real Estate for a Grid-Scale Battery Storage Business and the Recognition of Operating Profit | ASTMAX Co.,Ltd. (7162) timely disclosure | Komori