Taiyo Bussan Kaisha,Ltd.
Notice of Termination of Business Alliance with Prime Japan Corporation
Resolution to suspend the environmental business in the renewable energy project and to terminate the business alliance with Prime Japan Corporation. Termination decided by the board of directors today, September 8, 2026, and formally terminated as of September 8, 2026. No expected impact on future performance.
Key Figures
- Date of termination of the business alliance: September 8, 2026
- Impact on results from the alliance termination: Unknown (noted as no impact)
- Counterparty: Prime Japan Corporation, ownership ratio: Unknown
AI要約
Termination of the alliance and background
At today's meeting of the Board of Directors, a resolution was proposed to terminate the alliance with Prime Japan Corporation in line with the establishment of a new environmental business. The purpose of the alliance was to acquire expertise for land acquisition and material procurement for renewable energy generation and sale, but since appropriate land acquisition is not expected at this time, we need to carefully consider future activities, leading to termination. Termination has been agreed by both parties.
Outlook and impact
No impact on the results for the fiscal year ending September 2026 is assumed, and the future policy after the cessation of activities in the environmental business will continue to be considered carefully. The scope of the termination covers land candidate selection, material procurement, construction, and permitting assistance, and disclosure regarding the other party's operating results and financial condition is limited.
Prime Japan Corporation
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