TOKYO, May 26 (Pulse News Wire) – Port Inc. (7047.T) announced today that its board of directors approved the development investment for three additional battery storage facilities in Tochigi, Shiga, and Nagano.
With this decision, the company now plans to develop seven such facilities by March 2027, adding to the four previously announced on April 17. The new projects include the construction of the Tochigi Koga, Shiga Hikone, and Nagano Sawa Second battery storage facilities. Each facility will have an estimated power capacity of approximately 2 MW and energy storage capacity of around 8 MWh. Construction is expected to begin in late 2026, with operations set to commence in early 2027 for the Tochigi site, September 2027 for Shiga, and December 2027 for Nagano. Investment costs for the three sites total approximately ¥1.200 billion. Funding will come primarily through green loans from multiple banks.
Specific figures for individual investments will remain undisclosed due to their minor impact on the group's overall performance and financial status. In addition to these developments, Port Inc. intends to partner with new companies for the operation of these facilities, aiming to maximize revenue through optimal combinations and potential future internalization efforts. Regarding the impact on fiscal year 2027 earnings, the company stated that projections released on May 15 already account for these investments. Should there be significant changes, updates will be promptly disclosed. Despite anticipated initial losses post-launch, the company expects positive contributions to profits beginning in the first quarter of 2027.
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