TOKYO, Apr 23 (Pulse News Wire) – Palma CO.,LTD. (3461.T) announced today that it has entered into a business alliance agreement with JB Sustainable, a subsidiary of Jelly Beans Group (Ticker: 2050), aimed at setting up and operating battery storage systems.
The agreement was finalized, and will commence immediately. The collaboration seeks to address the growing need for stable power supply through renewable energy sources such as solar and wind, which face significant fluctuations due to weather conditions. By leveraging Palma's extensive network of self-storage facilities across Japan and JB Sustainable’s expertise in system-level battery installation and operation, the companies aim to optimize unused space within existing infrastructure for battery storage purposes. Under the partnership, JB Sustainable will utilize parts of Palma’s container-type storage facilities for battery installations, while also exploring expansion models that include customer-owned properties and leased sites. Both firms will collaborate on infrastructure development, maintenance management, data sharing, and marketing efforts to promote nationwide deployment of these projects.
Key details of JB Sustainable include its establishment on June 12, 2025, capital of ¥9 million, and headquarters located in Chuo Ward, Tokyo. As of the latest fiscal year ending January 2026, JB Sustainable reported total assets of ¥656 million and net profit of --¥4 million. This strategic alliance is expected to enhance both companies' operational efficiency and contribute to sustainable societal goals, particularly in reducing carbon emissions. Palma anticipates minimal impact on its immediate performance but sees potential long-term benefits for its enterprise value. Further updates will be disclosed as necessary.
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