Kuramoto Co., Ltd.
Notice of the conclusion of a joint venture investment agreement regarding the Perovskite solar cell business and the expected reorganization of a consolidated subsidiary (exclusion from consolidation)
Joint venture/investment framework agreement to be signed on September 10, 2026; total investment in the subsidiary of 5,900,000 USD to be paid in 12 installments. It is expected that聚石化学香港 will acquire 51.90% voting rights of the subsidiary, and KuraMoto Manufacturing Co., Ltd. will hold 48.10%. There is a possibility of the subsidiary being excluded from consolidation and accounting treatment discussions are ongoing. Future funding conditions, additional funds handling, and timing of capital expenditure are not yet determined.
Key Figures
- Total contributed amount 5,900,000 USD
- Final shareholding ratio 聚石化学香港 51.90%、倉元製作所 48.10％
- First investment date 2026年9月10日（300,000 USD）
AI要約
Reorganization of business structure and investment agreements
This section explains the signing of the joint venture, investment, and shareholder agreements for the Perovskite solar cell business, and the expectation that the subsidiary will be excluded from consolidation.聚石化学香港 will invest a total of 5,900,000 USD in 12 installments, with 聚石化学香港 ultimately holding a majority stake in the subsidiary. The first investment is on September 10, 2026, with subsequent dates to be set, and final completion is targeted around December 31, 2028.
Future capital structure and governance
After completion of the investment, the capital structure will be 48.10% for our company and 51.90% for 聚石化学香港, and the subsidiary is expected to become a company with a board of directors. Governance measures such as the introduction of performance-based stock compensation are also being considered. For the uninvested portion, the聚石化学 group plans to secure funding, and there is no obligation for additional funds on the parent company.
KuraMoto Manufacturing Co., Ltd.
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