Notice regarding Stock of Eurus Energy Holdings Corporation (Acquire 100% Ownership)

  • Machinery, Energy & Project

2022-05-26

Toyota Tsusho Corporation ("Toyota Tsusho") is pleased to inform that Toyota Tsusho decided to acquire 40% (9,941 stocks) of Eurus Energy Holdings Corporation ("Eurus"), which Tokyo Electric Power Company Holdings, Inc. ("TEPCO") had, which allows Toyota Tsusho to acquire 100% ownership of Eurus.

Details after acquiring the whole stock as the sole ownership

AfterBefore
Number of stockStock ratioNumber of stockStock ratio
TEPCO
-
-
9,941 stocks
40%
Toyota Tsusho Group
24,852 stocks
100%
14,911 stocks
60%
Total
24,852 stocks
100%
24,852 stocks
100%


Toyota Tsusho has positioned “renewable energy” as one of its most important business strategies for its mid-term business plan. The initiative by Eurus trailblazed and developed, in particular, the wind power projects as early as late 1980s, and has continued its expansion further in the overseas and domestic markets. Furthermore, last November “Carbon Neutral Roadmap 2030” became a concrete action, one of core businesses of which is the renewable energy business, and going forward, this line of business is to be even more accelerated and expanded.


In order to pass on a better global environment to the children of future, Toyota Tsusho group continues contributing to the transition for a decarbonized society, promoting the carbon neutrality and propelling business domains that contribute to the reduction of greenhouse gas emission, through the industrial lifecycle.

Outline on Eurus

Name of the company
Eurus Energy Holdings Corporation
Location
Minato-ward, Tokyo Japan
Representative
Hideyuki Inazumi, President and CEO
Business
Wind and solar power project business
URL
https://www.eurus-energy.com/en/

The information in this release is current as of the date of announcement.
Please note that information may change after the date of announcement. Thank you in advance for your understanding.