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\u805a\u77f3\u5316\u5b66\u9999\u6e2f 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.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"5216","jir_company_name":"KuraMoto Manufacturing Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-08-31","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/08\/5216-20260831-02.pdf","jir_short_summary":"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\u805a\u77f3\u5316\u5b66\u9999\u6e2f 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.","jir_summary":"### Reorganization of business structure and investment agreements\nThis 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.\u805a\u77f3\u5316\u5b66\u9999\u6e2f will invest a total of 5,900,000 USD in 12 installments, with \u805a\u77f3\u5316\u5b66\u9999\u6e2f 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.\n\n### Future capital structure and governance\nAfter completion of the investment, the capital structure will be 48.10% for our company and 51.90% for \u805a\u77f3\u5316\u5b66\u9999\u6e2f, 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\u805a\u77f3\u5316\u5b66 group plans to secure funding, and there is no obligation for additional funds on the parent company.","jir_financial_highlights":"Total contributed amount: 5,900,000 USD (Unknown)\n\u805a\u77f3\u5316\u5b66\u9999\u6e2f's shareholding ratio (final point): 51.90% (Unknown)\nSelf-owned share ratio (final point): 48.10% (Unknown)\nTiming of investment completion (12th round): December 31, 2028 (Unknown)\nLikelihood of exclusion from consolidated subsidiaries: From the third quarter of the 2028 fiscal year (Unknown)","jir_category":"","jir_hashtags":"#KuraMotoManufacturingCo, #PerovskiteSolarCell, #JointVenture, #ChangeInConsolidationScope","jir_key_figures":"Total contributed amount 5,900,000 USD\nFinal shareholding ratio \u805a\u77f3\u5316\u5b66\u9999\u6e2f 51.90%\u3001\u5009\u5143\u88fd\u4f5c\u6240 48.10\uff05\nFirst investment date 2026\u5e749\u670810\u65e5\uff08300,000 USD\uff09","jir_meta_title":"KuraMoto Manufacturing Co., Ltd. \u2013 Joint venture and investment agreement for the Perovskite project; expected consolidation exclusion | September 2026","jir_meta_description":"KuraMoto Manufacturing Co., Ltd. signs a joint venture and investment framework agreement for the Perovskite solar cell project. \u805a\u77f3\u5316\u5b66\u9999\u6e2f will proceed with investment, with an eventual shareholding of 51.90%. The timing of exclusion from consolidation is undecided, under discussion with the auditor. Focus on use of funds and timing of capital expenditure.","jir_og_title":"KuraMoto Manufacturing Co., Ltd. \u2013 Joint venture agreement and consolidation exclusion","jir_og_description":"KuraMoto Manufacturing Co., Ltd. announces a joint venture agreement for the Perovskite solar cell project. \u805a\u77f3\u5316\u5b66\u9999\u6e2f will invest a total of 5,900,000 USD in phases, with final ownership at 51.90% for \u805a\u77f3\u5316\u5b66\u9999\u6e2f. Timing of consolidation exclusion is undecided.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":59503,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"corporate_restructuring","footnotes":""},"sector":[],"importance":[],"class_list":["post-108830","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n