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

• 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.

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