JELLY BEANS GROUP Co.,Ltd. [3070.T]
TOKYO, Apr 23 (Pulse News Wire) – Jelly Beans Group CO.,LTD. (3070.T) announced today that its subsidiary, JB Sustainable, entered into a business partnership with Palm Corporation (3440.T).
The collaboration aims to utilize Palm's extensive network of self-storage facilities across Japan for battery storage solutions. Under the agreement, JB Sustainable will explore utilizing Palm’s container-type storage units as potential sites for battery installation. Both companies plan to develop various deployment models, including installations within Palm-owned facilities, proposals to Palm customers, and leasing arrangements with third-party properties. They also intend to collaborate on infrastructure development, maintenance management, and marketing efforts to promote nationwide expansion. This partnership is expected to accelerate the identification of suitable locations for battery installations, reduce costs associated with land acquisition, and enhance operational efficiency through flexible infrastructure expansion. Additionally, the integration of Palm's customer network will facilitate broader adoption of the solution. Key details of the contract include: - Decision made at the board meeting.
- Contract signed. - Partnership commenced. Regarding Palm Corporation, the main partner, key points include: - Capital of ¥600 million. - Established in January 2006. - Major shareholder: Japan Post Holdings (18.92%), holding (3.15%). Palm Corporation reported recent operating results as follows: | Fiscal Year | 2023 Sep | 2024 Sep | 2025 Sep | |-------------|----------|----------|----------| | Net Assets | ¥2.290 billion | ¥2.338 billion | ¥2.420 billion | | Total Assets | ¥3.643 billion | ¥3.544 billion | ¥3.791 billion | | Revenue | ¥2.354 billion | ¥2.810 billion | ¥2.312 billion | | Operating Profit | ¥168 million | ¥123 million | ¥147 million | | Ordinary Profit | ¥175 million | ¥141 million | ¥187 million | | Net Profit | ¥111 million | ¥80 million | ¥122 million | Further impact on Jelly Beans Group's performance for the fiscal year ending January 2027 is currently being assessed. Any significant developments will be disclosed promptly.
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