TOKYO, Mar 30 (Pulse News Wire) – Star Seeds CO.,LTD. (3083.T) announced today that its board of directors approved the acquisition of land, equipment, and power connection rights for a system battery storage facility from Nomuraya Holdings Co., Ltd.
The transaction was decided upon during a meeting held. The acquired property, located in the supply area of Chubu Electric Power Power Grid Kabushiki Kaisha, includes a site in Nagano, Nagano Shi Toyono Machi Ooaza Asano Ji Ketsukou1,811-1 named the Nagaoka Toyono Town Battery Storage Facility with a maximum receiving power capacity of 1998.0 kW. The acquisition aligns with the company's strategy to expand its renewable energy business domain, as previously disclosed on July 17, 2025. Nomuraya Holdings Co., Ltd., based in Nagano, Ueda Shi Furusato777-3, operates construction, real estate, and renewable energy businesses. The capital of the acquiring party stands at ¥30 million.
The total acquisition cost exceeds 10% of Star Seeds' consolidated revenue as of the end of the previous fiscal year. Payment will be made via bank transfer. Construction completion is confirmed for March 2026, with grid connection scheduled for May 2026 and operations set to commence in June 2026. Revenue and profits from this project are expected to be reflected in the financial results for the fiscal year ending February 2027. Star Seeds plans to release its earnings forecast for the fiscal year ending February 2026 alongside its interim report in mid-April 2026.
Any further significant developments related to this acquisition will be promptly disclosed.
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