Source disclosure: January 26, 2026
Star seeds Co., Ltd. [3083.T]
TOKYO, Jan 26 (Pulse News Wire) -- Star Seeds Co., Ltd. (3083.T), led by President Masayasu Suzuki, announced on Thursday that it has decided to sell its property assets, including land and equipment related to a system-use power storage facility located in Wakayama Prefecture, as well as electricity connection rights. The decision was made during a board meeting held on January 16, 2026.
The company previously disclosed on January 13, 2026, its intention to acquire fixed assets such as system-use power storage facilities and electricity connection rights within Wakayama Prefecture. Based on this acquisition, Star Seeds concluded that it should be flexible in responding to favorable sale negotiations and thus shifted the purpose of holding these assets to trading real estate. As part of this strategy, the company is now selling one of these properties.
The property being sold is situated at 400-1 Motoyamacho Saikinouchi, Kizugawa City, Wakayama Prefecture, and is known as the Kizugawa Momoyamachō Power Plant. It features a maximum receiving power capacity of 1,999 kW and is connected to Kansai Electric Power Company.
The buyer of these assets will be Alps Construction Co., Ltd., headquartered in Yokohama's Kanagawa Ward, with a capital of ¥35 million established in April 1986. The company’s representative director is Tatsuya Kudo. Its business activities include the purchase, lease, and management of real estate, comprehensive development planning, construction projects, civil engineering, architecture design, and construction management.
While the exact amount of the transaction remains undisclosed due to the buyer's request, Star Seeds anticipates that the sales revenue will exceed 10% of its consolidated sales revenue for the previous fiscal year. Additionally, the transfer gain is expected to surpass 30% of the consolidated operating income, consolidated ordinary income, and current period net income attributable to parent company shareholders for the same period.
Regarding the timeline, the contract is scheduled to be signed on January 26, 2026, with delivery and settlement set for February 25, 2026. The proceeds from this sale will be reflected in the company’s earnings report for the fiscal quarter ending February 2026. This transaction aligns with the preliminary consolidated performance forecast released on January 13, 2026.
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