TOKYO, Apr 16 (Pulse News Wire) – eole Inc. (2334.T) resolved today during its board meeting to subscribe to bonds issued by JAIC-DD Co.
The bond subscription amount is ¥100 million. The bonds are ordinary unsecured debt securities with an interest rate of 2% per annum, payable until June 30, 2026. The funds raised will finance equipment investment for the development of the distributed AI data center project in Futaba Town, Fukushima Prefecture. The total project cost is estimated at approximately ¥3.500 billion with a power capacity of 2 MW, scheduled for operation in December 2026. Up to ¥1.500 billion in subsidies for GPU purchase costs is expected. eole Inc. highly regards the growth potential and profitability of the project and believes participating financially through bond subscription will strengthen its AI data center business foundation and enhance long-term corporate value. The bonds serve as bridge financing, with repayment due by June 30, 2026, followed by reinvestment in JAIC-DD Co.'s equity.
JAIC-DD Co., established on February 26, 2025, operates a data center providing cloud computing services, housing, and server management solutions. While there is no direct capital relationship between the two companies, JAIC-DD's major shareholder, Nippon Asia Investment Co., Ltd., holds shares in eole Inc. Additionally, eole Inc. provides comprehensive support for JAIC-DD’s operational strategy and design. The distributed AI data center project includes installing 32 high-performance servers equipped with NVIDIA's B300 GPUs, aiming to commence operations around December 2026. The project received approval under METI's Regional Economic Impact Location Support Program (Fifth Phase). An impact assessment of the bond subscription on eole Inc.’s fiscal 2027 performance is currently underway. A detailed forecast will be disclosed alongside the March 2026 annual results.
Any further significant developments will be promptly communicated.
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