Obayashi to Acquire 90% Stake in New Zealand Solar Asset Holder LYOC1

• Obayashi will acquire 90% of LYOC1 from Lightyears Energy to invest in New Zealand solar power projects.
• The planned investment totals NZD 74 million, approximately JPY 6.6 billion.
• The implementation agreement is scheduled for November 30, 2026, with investment staged through the fiscal year ending March 2028.
• LYOC1 will progressively acquire stakes in project companies as development milestones are reached, including projects already operating.
• The deal adds solar power to the group's existing New Zealand geothermal portfolio.

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. Obayashi Corporation published the original content used to generate this news brief on October 22, 2026, and is solely responsible for the information contained therein.