TOKYO, May 01 (Pulse News Wire) – Espra Co., Ltd. (3260.T) announced today that its board of directors has approved the acquisition of a new real estate asset related to power generation systems.
The property includes land designated for battery storage facilities and rights associated with connecting power distribution networks. Key details of the transaction include: - Location: Hokkaido Kameda Gun Nanae Chou Ue Gun Kawa - Area: 2602 square meters - Rights acquired: Completion of application for connection to the power grid and stability services contract, securing system interconnection capacity - Transfer date: May 01, 2026 - Payment schedule: Right-of-use deposit due on May 01, 2026; remaining balance payable in June 2026 (estimated); land payment on May 01, 2025; all payments funded through internal resources - System integration expected by December 2026 (estimated) Regarding the purchase price, which remains confidential due to non-disclosure agreements, the company stated it exceeds the consolidated revenue reported at the end of the fiscal year ended February 2025 by 20% times (¥60 million).
Looking ahead, the company plans to sell the property along with the associated rights. Any impact on future performance will be disclosed promptly once negotiations with potential buyers progress further.
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