TOKYO, Mar 25 (Pulse News Wire) – JALCO Holdings Inc. (6625.T) announced today that its board of directors approved a loan agreement with Chiba Bank for a renewable energy storage project.
The loan, totaling ¥800 million, will fund the acquisition of fixed assets related to the system-use battery storage facility in Chiba Prefecture's Narita City, scheduled for completion on December 05, 2025. Key features of the loan include a commitment rate based on TIBOR0.35%, with the contract signed and funds disbursed on March 31, 2026. Repayment is due on March 31, 2032. The project aligns with JALCO’s efforts to promote green initiatives and enhance environmental sustainability through infrastructure investments.
This financing mechanism ensures reliable funding for growth projects while enhancing transparency through annual progress reporting and external evaluations conducted by Chiba Group companies. It also supports JALCO’s broader goals of sustainable development and long-term enterprise value enhancement. Looking ahead, JALCO anticipates minimal impact on consolidated earnings from this transaction. The company remains committed to advancing renewable energy utilization and improving power supply management through this initiative, contributing to the overall push towards decarbonization and sustainable economic growth.
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