Muji parent establishes renewable energy subsidiary with JERA

Ryohin Keikaku Co., Ltd. (TSE:7453), the parent company of the MUJI brand, announced the establishment of MUJI ENERGY LLC, a special purpose company, in collaboration with JERA Co., Inc. The initiative, approved at a board meeting on June 25, 2025, will advance Ryohin Keikaku's goal of reducing Scope 1 and 2 greenhouse gas emissions by 50% by FY2030 compared to FY2021 levels. Ryohin Keikaku will hold an 80% equity stake in MUJI ENERGY, classifying it as a consolidated subsidiary and specified subsidiary due to investment exceeding 10% of company's capital, with JERA holding the remaining 20%.