Nihon Enterprise to Establish Joint Venture NE Power for Renewable Energy Solutions

TOKYO, Jul 24 (Pulse News Wire) – Nihon Enterprise CO.,LTD. (4829.T) announced the establishment of a joint venture, NE Power, through a resolution made at a board meeting held.

The new entity will focus on system battery sales and renewable energy consulting, leveraging expertise from Nihon Enterprise's group companies and Ningfeng Engineering, which specializes in battery storage solutions. NE Power aims to promote stable power supply and enhance renewable energy utilization by integrating advanced technology and management support from Nihon Enterprise Group and Ningfeng Engineering. The capital of NE Power will be ¥50 million, with Ningfeng Engineering holding a stake of 33.3%, and Four Quorium contributing 15.7%.

The company plans to commence operations in early August 2026. In addition to providing sustainable solutions, Nihon Enterprise anticipates limited impact on its consolidated performance in the current fiscal year due to this initiative. However, future investments in system battery equipment could influence earnings.

Any significant developments will be disclosed promptly.