Announced details
Replacement of fossil fuels, including coal and heavy fuel oil; locally produced and consumed energy; domestic sales and overseas exports of biomass fuels
Sales of PKS (palm kernel shells) and wood pellets have already commenced, but volumes and customers are not disclosed.
明和産業 has decided to invest in SBI and has entered into an agreement. Its local subsidiary, PT Meiwa Trading Indonesia, will handle delivery and sales within Indonesia, while 明和産業 will promote exports primarily to the Japanese market.
A company engaged in the development, production and sale of biomass fuels in Indonesia. Other details, including its location, representative, capital and year of establishment, are not disclosed.
Indonesia
There will be no direct impact on results for the fiscal year ending March 2027. This is the first stage of a phased entry into the business, with a view to establishing a long-term earnings base.
The company does not address Contract Value / Offering price.
| Item | Details |
|---|---|
| Names of Products / Services Covered | PKS (palm kernel shells), Wood pellets, Rice husk pellets |
| Counterparty | PT Santomo Biomass Indonesia (SBI) |
| Counterparty overview | A company engaged in the development, production and sale of biomass fuels in Indonesia. Other details, including its location, representative, capital and year of establishment, are not disclosed. |
| Relationship with the Company | 明和産業 has decided to invest in SBI and has entered into an agreement. Its local subsidiary, PT Meiwa Trading Indonesia, will handle delivery and sales within Indonesia, while 明和産業 will promote exports primarily to the Japanese market. |
| Contract Date | 18 August 2026 (the date of the announcement that the investment agreement had been signed; whether it was signed on the same day is not disclosed) |
| Launch date | Sales of PKS (palm kernel shells) and wood pellets have already commenced. Production and sales of rice husk pellets are scheduled to be launched, but the start date is not disclosed. |
| Applicable area | Replacement of fossil fuels, including coal and heavy fuel oil; locally produced and consumed energy; domestic sales and overseas exports of biomass fuels |
| Location | Indonesia |
| Usage history | Sales of PKS (palm kernel shells) and wood pellets have already commenced, but volumes and customers are not disclosed. |
| Impact on Business Performance | There will be no direct impact on results for the fiscal year ending March 2027. This is the first stage of a phased entry into the business, with a view to establishing a long-term earnings base. |
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.To develop next-generation businesses that will become future earnings pillars, based on the medium-term management plan's portfolio transformation. The objectives are also to secure locally produced and consumed energy, reduce environmental impact, replace fossil fuels and diversify supply risks.