Institutional Investor Meeting Q&A Memo

Business Portfolio and Strategy

Kitahama Capital Partners Co.,Ltd. operates three segments: Investment Business, Asset Management Business, and Solution Business. Battery storage development and AI data center business are expected to be the pillars this term. Battery storage will be rolled out in three tiers: low-voltage, high-voltage, and mid-scale. The company has secured approximately 270,000 m2 of land for data centers in Iga City, Mie Prefecture, targeting roughly 150 MW of capacity. Part of the data center land is planned for sale, and collaboration with overseas partners is progressing. Through fund business restructuring and a capital and business partnership with Kahala, the company is preparing to create funds and tokenize assets such as battery storage and data centers to raise overseas capital. Correcting internal control deficiencies and resolving the GC comment are treated as the highest-priority issues.

Outlook and Milestones

The company has set revenue of 12,300 million yen and operating income of 2,000 million yen as commitments for this term. Although Q1 results were weak, the company expects to recognize revenue from battery storage from Q2 onwards, complete partial sales of data center land, and progress accelerated GPU sales projects to achieve the announced plan. The company aims to commission six high-voltage/mid-scale battery storage sites within the year and secure funds through partial sales of data center land. By removing the GC comment and strengthening the financial base, the company plans to expand financing options.