TOKYO, May 29 (Pulse News Wire) – Kuradashi.co.,ltd. (5884.T) announced today that its board of directors has approved the acquisition of Chubu Electric Power, aiming to integrate renewable energy operations and enhance corporate value.
The acquisition involves purchasing shares from Arai Ai, the sole shareholder of Chubu Electric Power, which operates retail electricity supply services in Nagoya, Japan. Chubu Electric Power was established on August 31, 2020, with a capital of ¥6 million. Its recent financial performance shows total assets of ¥365 million, ¥447 million, and ¥436 million for fiscal years ending February 2024, 2025, and 2026, respectively. Revenue increased from ¥470 million in FY2024 to ¥725 million in FY2026. Operating profit rose from ¥31 million to ¥34 million during the same period.
The transaction is expected to close on June 09, 2026. Kuradashi plans to finance the deal using existing cash reserves. The advisory fees associated with this acquisition amount to ¥40 million (estimated). Post-acquisition, Kuradashi will hold 600 shares of Chubu Electric Power, representing a voting rights stake of 100.0%. Kuradashi anticipates further synergies through combining Chubu Electric Power’s expertise in retail electricity with its own strengths in renewable energy and food waste reduction.
The impact on consolidated earnings will be assessed along with other factors, and any significant changes will be disclosed promptly.
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