TOKYO, Apr 08 (Pulse News Wire) – Star Seeds CO.,LTD. (3083.T) announced today that its board of directors, held on April 08, 2026, approved the sale of power storage facility assets located in Nagano Prefecture.
The assets consist of land, equipment, and electricity connection rights acquired previously. Key details of the transaction include: - Location: Nagano, Nagano Shi Toyono Machi Ooaza Asano Ji Ketsukou1,811-1 - Maximum receiving power capacity: [TICKER_0__.0 kW - Connecting power company: Central Electric Power Company Power Grid Kabushiki Kaisha The buyer's identity and the sale price remain undisclosed due to confidentiality agreements. However, the expected gain from the sale is approximately ¥50 million.
Scheduled milestones for the deal are as follows: - Contract signing: March 30, 2026 (tentative) - Delivery and settlement: April 09, 2026 (tentative) Regarding future impacts, the company plans to recognize the revenue and profit from this sale in its fiscal year ending February 2027. A detailed forecast for the fiscal year 2027 will be released alongside the interim earnings announcement scheduled for mid-April 2026. Any further significant developments will be disclosed promptly.
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