JDC Corp to sell stake in solar power plant

JDC Corporation (TSE: 1887) announced today that its consolidated subsidiary, Matsushima Solar Power Generation, will sell a portion of its trust beneficiary rights in the "Matsushima Donguri Solar Power Plant" located in Miyagi Prefecture. The decision was approved at a board meeting held today. JDC will continue to jointly operate the plant with the buyer following the sale, while the company has not disclosed the buyer of the power plant. The expected gain from the sale is already incorporated into JDC's consolidated earnings forecast for the fiscal year ending May 2025. The sale is expected to increase the net profit attributable to the parent company's shareholders by 30%. JDC forecasts a net profit of ¥2.6 billion and earnings per share of ¥31 for the current fiscal year, which will be affected. The company expects sales of ¥110 billion and operating profit of ¥4 billion. The transaction is scheduled to close on March 31, 2025.