Fuyou Comprehensive Lease <8424> announced on the 18th that it has acquired stocks of Global Engineering (hereinafter referred to as "GL Company") and made it an equity-method affiliate. Furthermore, there are no changes to the full-year consolidated financial estimates announced on May 8, 2024.
The company aims for sustainable growth of the conglomerates through the mid-term management plan "Fuyo Shared Value 2026," which started in the fiscal year 2022, by solving social issues through the practice of CSV (Creating Shared Value) and simultaneously realizing economic value. Additionally, "Energy Environment" is positioned as one of the growth drivers where management resources will be concentrated, responding to the demand for stable Electrical Utilities supply while the need for adjustments in power supply and demand is increasing in the market environment. Thus, the company is energetically engaged not only in renewable energy business but also in the Rechargeable Battery business that contributes to the spread and expansion of this business.
The GL Company, from which stocks were acquired this time, develops a multifaceted Electrical Utilities service business including power supply and demand adjustment. By combining the know-how, technology, and services owned by both companies, it aims to promote the introduction of decentralized power sources centered around Rechargeable Batteries, contributing to the acceleration of renewable energy incorporation and stabilization of the Electrical Utilities system, while also working towards achieving Carbon Neutrality and promoting GX.
