TOKYO, Mar 19 (Pulse News Wire) – Star Seeds CO.,LTD. (3083.T) announced today that its board of directors, held, resolved to sell a power storage facility located in Kagoshima Prefecture.
The sale includes the land, equipment, and electricity connection rights of the Soya City Power Storage Facility. Details of the transaction include: - Location: Kagoshima, Soo Shi Sueyoshi Chou Ni No Hou Ji Chou Hatake5,1361 - Maximum receiving power capacity: 1999.9 kW - Connecting power company: Kyushu Electric Power Transmission Co., Ltd. The buyer, Hikaru Corporation, is based in Tokyo, Chuuou Ku Harumi San Choume132, operates advertising services, and develops power storage facilities. It was established in October 2025 with a capital of ¥1 million. The transaction amount will not be disclosed at the request of the buyer.
However, the expected revenue from the sale is anticipated to exceed 10% of the company's consolidated sales in the previous fiscal year, with a transfer gain of approximately ¥74 million. The contract is scheduled for March 23, 2026, with delivery set for January 31, 2027, and final settlement also on January 31, 2027. Looking ahead, the company plans to report the resulting revenues and profits in its financial statements for the fiscal year ending February 2027. A forecast for the fiscal year ending February 2027 will be released alongside the interim report for the fiscal year ending February 2026, which is scheduled for mid-April 2026. Any further significant developments will be promptly disclosed.
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