TOKYO, Apr 17 (Pulse News Wire) – PORT INC. (7047.T) completed initial verification of its grid storage business across three sites, achieving stable operations and confirming profitability.
The board approved full-scale entry into the sector, aiming to develop up to ten sites by March 2027. Four investment projects totaling approximately ¥10 billion have been decided, with construction set to begin around June 2026 and completion expected by late 2026 to early 2027. The company secured a green loan agreement with Mitsubishi UFJ Bank, ensuring funds for development without diluting equity. The loan amount is capped at ¥1.600 billion and will be used for purchasing batteries and constructing facilities for four identified sites.
The contract was signed, with disbursement possible until April 17, 2027, and repayment due from April 17, 2027, through March 31, 2037. Looking ahead, PORT INC. expects existing sites in Gunma Prefecture to contribute positively to earnings from the first quarter onwards. However, new developments in Nagano and Nagasaki are anticipated to incur losses initially due to startup costs.
Detailed progress updates will be disclosed in future reports.
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