TOKYO, May 14 (Pulse News Wire) – Asulina CO.,LTD. (3647.T) announced today that its board of directors held, approved a contract to acquire land and power connection rights for energy storage facilities.
The property, located at Saitama, Okegawa Shi, covers 707.36 square meters and includes the right to connect to the power grid and participate in stability services. The system connection is scheduled for November 20, 2026. Details of the transaction remain confidential due to agreements with the seller. However, the acquisition price does not exceed the net assets reported as of August 2025.
There are no capital, personal, or trading relationships between ASULINA and the seller. The agreement is set to be finalized on May 15, 2026, with settlement and delivery also planned for the same day. Looking ahead, ASULINA plans to bundle the acquired property with equipment handled by business partners and aim for mid-term sales, leveraging growing demand for energy storage systems. The impact on the company's consolidated earnings for the fiscal year remains under review.
Any significant developments will be disclosed promptly.
🟢 Confidence: High AI-translated content.