Abalance to increase stake in VSUN via subsidiary

Abalance Corporation (TSE:3856) revealed that its ownership in VSUN will rise from 44.4% to 58.8%. This increase is a result of FUJI SOLAR, a consolidated subsidiary of Abalance, deciding to acquire treasury stock from certain shareholders, with an expected total acquisition cost of approximately JPY 1 billion. The transaction is scheduled to occur at the end of April 2025. While the change will not impact Abalance's consolidated financial results for the fiscal year ending March 2025, the increased stake in VSUN is expected to positively influence net profit attributable to the parent company's shareholders in the fiscal year ending March 2026, with details to be reflected in the company's future consolidated earnings forecasts.