Notice Regarding Investment for Replacement of Wind Power Plant

Background and Purpose of the Investment Decision

Meidensha Corporation has resolved to invest approximately 11.0 billion yen in replacement of the Hachiryu Wind Power Plant located in Mitane Town, Yamamoto District, Akita Prefecture, operated by its consolidated subsidiary M-WINDS Hachiryu Co., Ltd. Considering that the FIT purchase period expires in January 2027, the company aims to secure long-term and stable renewable energy sources through construction of new equipment with improved power generation efficiency. This initiative is aligned with the Environmental Vision of the Mid-Term Management Plan 2027 and is intended as a strategically decarbonized power source to achieve Scope 2 zero emissions by 2040.

Overview of Capital Expenditure and Future Outlook

The replacement target consists of seven onshore wind turbines with a total output of 28,000 kW. Construction is scheduled to commence in April 2027, with operations beginning in April 2029. The impact on consolidated financial results for the fiscal year ending March 2026 is expected to be minor. The company will promptly disclose any important information going forward. This cautious investment decision reflects external environmental changes, including fluctuations in material and construction costs and soaring energy prices, representing a crucial step toward realizing carbon neutrality.