Astmax sells Komoro grid-scale battery project rights, land to Hulic affiliate, expects 650 million yen operating profit

Reuters2026/07/17 08:49

By:Reuters

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Astmax agreed to sell rights tied to its Komoro grid-scale battery project in Nagano, Japan, to Hulic.
Deal includes transfer of 5,286 sq. meters of project land; consideration was not disclosed.
Astmax expects about 650 million in operating profit in the first half of fiscal 2027 from the transaction.
Closing is set for July 24.
Project plan calls for a 42 MW, 171 MWh lithium-ion facility targeted to start operations in December 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Astmax Co. Ltd. published the original content used to generate this news brief on July 17, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Astmax sells Komoro grid-scale battery project rights, land to Hulic affiliate, expects 650 million yen operating profit

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