Broadband Tower to Sell Solar Power Assets Amid Shift to Core Business

TOKYO, Jun 26 (Pulse News Wire) – Broadband Tower,inc. (3776.T) decided to sell its solar power assets at "Best Mix Energy Minakami," located in Gunma Prefecture, through a resolution made at the June 26 board meeting.

The sale is part of the company's strategy to focus resources on its core data center services. The solar power operation began in July 2013, leveraging expertise gained from operating data centers. However, recent developments such as the launch of green power services in March 2023 indicate a shift towards sustainable energy solutions without direct asset ownership. The company plans to continue environmental initiatives post-sale, collaborating with Renewable /Energy/Management Goudou Kaisha's parent company, NCSArt Ii Capital Kabushiki Kaisha.

Key details of the transaction include: - Asset name: Best Mix Energy Minakami - Transfer price: ¥99 million - Book value: ¥50 million - Gain on disposal: ¥15 million The transfer is scheduled to take place on July 3, 2026, with final procedures expected to conclude by September 30, 2026. The impact on the company’s consolidated performance remains under review, and significant changes will be disclosed promptly if identified. Renewable /Energy/Management Goudou Kaisha, established on November 29, 2013, will acquire the assets. The company's capital is ¥1 million.

Major shareholder NCS holds 100% of shares.