Kuramoto Co., Ltd.
Notice of changes to disclosure items regarding the Perovskite solar cell business
A joint venture investment agreement for the Perovskite solar cell business was signed on September 10, 2026, with a total investment of 5,900,000 USD. The method of currency translation was changed, and the number of shares issued for the first tranche was fixed at 4,641 shares. The subsequent payments from the second tranche onward and the consolidation scope will be determined, and the final ownership ratio will be decided based on the exchange rate on the payment dates.
Key Figures
- Total investment: 5,900,000 USD
- Number of shares issued for the first investment: 4,641 shares
- Ownership ratio after the first round: Kuramoto Manufacturing Co., Ltd. 94.90%, 聚石化學香港 5.10% (currently provisional)
AI要約
Overview
This notice reports the signing of a joint venture/investment agreement related to the Perovskite solar cell business through Kuramoto Manufacturing Co., Ltd. and changes to the investment conditions. 聚石化學香港 (Hong Kong) will invest a total of 5.9 million USD in 12 installments, with ordinary shares to be issued by our subsidiary for each payment. The method of currency translation has changed from a fixed rate of 1 USD = 158 JPY to daily translation based on the TTS rate.
Outlook and impact
The actual number of issued shares and ownership ratio for payments from the second installment onward will be fixed according to the exchange rate on each payment date. The total number of issued shares and ownership ratio have not been finalized at this time, and changes to the consolidation scope will be settled through future discussions. The impact on the consolidated results for the FY2026 is currently under review, and any necessary revisions to earnings guidance will be disclosed if required.
Kuramoto Manufacturing Co., Ltd.
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