On the 14th, Four Seas HD (3726) announced the timing of recording sales and profits in consulting services for the photovoltaic power generation business.
The company has purchased land use rights for solar power plants and is carrying out a series of consulting services from capital investment for solar power plants to contracts with power sellers.
For properties contracted up until now, the timing of recording sales and profits relating to transfer agreements for solar power generation equipment, etc., is basically determined that control of the same property will be transferred when the solar power generation equipment is handed over, and when construction is completed and handed over to the contract destination, it is recorded according to construction completion standards that recognize profits.
A total of 29 solar power plant properties currently under contract are scheduled to be recorded for the fiscal year ending September 2025, 2 properties for the 2026/9 fiscal year, and 2 properties for the 2027/9 fiscal year.
The company continuously buys, acquires, and sells about 24 MW of DC per year, based on solar power plants of about 2 MW DC. A total of 48 MW is planned for 2 years until the end of 2026/5. Continuing, we aim to record sales profit in the same business by purchasing mainly properties that have a short period of time until construction is completed.