TOKYO, Apr 06 (Pulse News Wire) – Espora, represented by President Kaita Suzuki, has decided to sell its system battery storage facility located in Toyohashi City, Aichi Prefecture. The sale, part of the company's asset rotation business model in renewable energy, is expected to enhance its financial foundation and long-term corporate value.
The facility includes land rights and has a power receiving capacity of 1988.360 kW and a storage capacity of 8 MW. It is scheduled for completion in September 2026, with delivery upon completion. The buyer is a domestic corporation whose identity remains undisclosed due to confidentiality agreements. There are no capital, personal, or transactional relationships between Espora and the buyer. Regarding the sale amount, while specifics remain confidential, it is anticipated to exceed ¥30 million times the consolidated revenue reported at the end of the previous fiscal year (February 2025).
Revenue from the sale will be recognized once the transfer is complete. The board resolution was made on April 06, 2026, with the contract expected to be finalized on April 07, 2026. Delivery is set for September 2026. Looking ahead, the proceeds from this sale are projected to be reflected in the financial statements for the February 2027 fiscal year. Espora will promptly disclose any further developments related to this transaction.
🟢 Confidence: High AI-translated content.