Strengthening Renewable Energy Power Generation and Providing O&M Services After Asset Monetization

「Electricity and utilities business　6,000　Solar power generation facilities, generation facilities, heat supply facilities, system-related investments, etc.」

「Following the sale of a large-scale solar power plant (megasolar) in the electricity and utilities business for ¥25,211 million on 30 June 2023, we recorded a gain on sale of non-current assets of ¥5,019 million.」

「At the end of the third-quarter consolidated accounting period, part of the generation facilities in the electricity and utilities business had been classified as assets held for sale (¥10,337 million) and liabilities directly associated with assets held for sale (¥1,082 million), but they were sold as scheduled during the fourth-quarter consolidated accounting period.」

「Because a decision was made to sell the facilities, they were classified as assets held for sale, and are scheduled to be sold within 1 year of the classification date.」

「In August 2022, we established 再エネ電源開発株式会社 and made it a new subsidiary.」

「In July 2021, we established そだてるソーラーファーム株式会社 and made it a new subsidiary. In November 2021, we additionally acquired an interest in a silent partnership operated by SHINKO合同会社 and made it a new subsidiary. In November 2021, we additionally acquired an interest in a silent partnership operated by TAKASAKIメガソーラー合同会社 and made it a new subsidiary.」

「In July 2021, we established そだてるソーラーファーム株式会社 and made it a new subsidiary.」

「As environmental issues receive increasing attention, we will continue investing in the development of renewable energy generation facilities and other assets to contribute to the global environment and help realise a sustainable society, thereby contributing to the transition to a decarbonised society by supplying them to the Enex Infrastructure Investment Corporation and others.」

「In November 2019, we sold part of our interest in a silent partnership operated by SHINKO合同会社, which had been a subsidiary, and excluded it from the scope of consolidation. In November 2019, we sold part of our interest in a silent partnership operated by TAKASAKIメガソーラー合同会社, which had been a subsidiary, and excluded it from the scope of consolidation.」

「In July 2019, we liquidated 千代田高原太陽光発電所株式会社, which had been a subsidiary.」

「In June 2019, we acquired interests in silent partnerships operated by SHINKO合同会社 and made it a new subsidiary. In June 2019, we acquired interests in a silent partnership operated by TAKASAKIメガソーラー合同会社 and made it a new subsidiary.」

「In the financial services field, Enex Asset Management Co., Ltd., a subsidiary that manages assets on a contracted basis, listed the Enex Infrastructure Investment Corporation on the Infrastructure Fund Market of the Tokyo Stock Exchange in February 2019. It will invest in and manage renewable energy generation facilities, mainly solar power generation facilities, with the aim of steadily expanding its asset scale and generating stable cash flows.」

「In this field, we will enhance our power source portfolio and invest in renewable energy generation facilities, aiming to ensure a stable power supply and reduce our environmental impact, including through the large-scale refurbishment of aging hydropower generation facilities in Joetsu, Niigata Prefecture, to improve their efficiency.」

「In this field, we will enhance our power source portfolio and invest in renewable energy generation facilities, aiming to ensure a stable power supply and reduce our environmental impact, including through the large-scale refurbishment of aging hydropower generation facilities in Joetsu, Niigata Prefecture, to improve their efficiency.」

「In this field, we will promote the enhancement of our power source portfolio and investment in renewable energy generation facilities, aiming to ensure a stable power supply and reduce our environmental impact.」

「In this field, we will promote the enhancement of our power source portfolio and investment in renewable energy generation facilities, aiming to ensure a stable power supply and reduce our environmental impact.」

「In this field, we will promote investment in renewable energy generation facilities and consider new business models, aiming to reduce our environmental impact and enhance our power source portfolio.」

「In May 2017, we acquired shares in 南あわじソーラーファーム株式会社 and made it a new subsidiary.」

「In the power generation segment of the electricity and heat supply business, we will strengthen our renewable energy generation business incorporating financial techniques and work to develop new power sources. At the same time, we will promote initiatives to securitise assets, establish an external O&M services business for assets after securitisation, and develop it as a new source of revenue.」