TOKYO, May 29 (Pulse News Wire) – Kaihan CO.,LTD. (3133.T) announced today that its subsidiary, KR Energy 1st General Partnership, has revised plans for acquiring fixed assets due to changes in land availability.
Originally scheduled acquisitions totaling ¥254 million were altered during negotiations, resulting in a new total acquisition amount of ¥251 million. The operational commencement of the projects was also rescheduled from June-August 2025 to August-September 2026. The adjustments came after two initial contracts had to be terminated due to personal circumstances of the property owners.
To compensate, the company selected alternative sites and finalized agreements with Marimo Life Corporation, which specializes in energy-saving ESCO services and environmental initiatives. The revised plan includes acquiring solar power generation facilities with a combined annual production capacity of approximately 38,975,789 kWh. As of May 25, 2026, the project's progress stands at 85%, with 150 out of 330 planned units having commenced operations.
The company expects minimal impact on its overall performance from these modifications.
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