Source disclosure: March 04, 2026, 15:30 JST
Published by Pulse News Wire: March 04, 2026, 15:51 JST
Kanadevia Corporation [7004.T]
TOKYO, Mar 04 (Pulse News Wire) – Kanadevia Corporation (7004.T) announced today that its board of directors decided to transfer its solid-state battery business to Suzuki Motor Corporation on July 01, 2026. The transfer, aimed at advancing solid-state battery technology and contributing to industrial growth, was formalized through a contract signed on March 04, 2026.
The solid-state battery business includes technology development, design, and sales. Kanadevia's AS-LiB® solid-state batteries, developed using a proprietary dry process, offer high safety, excellent environmental resistance, and wide temperature operation, making them suitable for special environments such as space and extreme conditions. In March 2025, Kanadevia successfully conducted the world’s first charging and discharging test of a solid-state battery in outer space aboard the International Space Station. Suzuki, which develops electric vehicles and lithium-ion batteries, will take over the business to further enhance performance, establish mass production capabilities, and strengthen sales efforts.
Details of the transaction, including financial figures and asset transfers, remain confidential due to confidentiality agreements. Suzuki, headquartered in Shizuoka, Hamamatsu Shi Chuuou Ku Takatsuka Machi, has a capital of ¥138.37 billion and total assets of ¥5,585.683 billion as of March 31, 2025. Major shareholders include Toyota Motor Corporation with a 4.98% stake and JP Morgan Chase Bank with 4.30%. As a result of the transfer, Kanadevia expects to record approximately ¥7.4 billion in extraordinary income in the second quarter of fiscal year 2027.
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