Prospect Co., Ltd. - Announcement Concerning the Business Progress

LONDON, July 9, 2018 /PRNewswire/ --

Progress (preliminary report) of condominium sales business, overseas real estate business and solar business as of the end of June 2018 are as follows.

(Photo: https://mma.prnewswire.com/media/716052/Prospect_Sendai.jpg )

Record

    Condominium sales business   1.   Contracted               26   units, JPY 1,066 million (April 2018 - June 2018)
                               2. Sold Out Project         1) "Grobel Tower Umejima" - 52 units
                                         (Adachi-ku, Tokyo-to)
                                     2) "Grobel The Koenji Premium" - 43 units
                                         (Suginami-ku, Tokyo-to)
      3. New Project               "Grobel The Place Higashi Koenji" (Suginami-ku, Tokyo-to)
        Access                    3-minute walk from Tokyo Metro Marunouchi Line
                                  "Higashi Koenji"Station
        Units for sale            40 units
         Completion Date           January 2019 (Planned)                
          4. Acquisition of new land   "Yokohama Isezakicho Project"
                                     (Naka-ku,Yokohama-shi, Kanagawa Prefecture)
                                      3-minute walk from Yokohama Municipal Subway
                                      "Bandobashi" Station
      2. Overseas real estate business

            Name                     KEAUHOU PLACE
            Address                  Honolulu, Hawaii USA
            Units for Sale           422 units
            Reserved/Contracted      419 units (99.2%)
            Completion               17 October 2017
            *The project is a joint development project with Honolulu City developer
                        Stanford Carr Development, LLC.
     3. Solar business
        Projects in operation        6   Projects - Approx. 11.43MW (company equity   basis)
                                   Apr 2018 ~ Jun-end 2018 electricity sales (ex.   Tax)
                                            JPY 130   million.  Projects Under Development  (Total: Approx.33.87 MW   company equity basis           

1. Higashi Hiroshima Project

        
        Address            Shiwa Cho, Higashi Hiroshima-shi, Hiroshima Pref.
        Site Area          Approx. 1,130,000 m2
        Installed capacity Approx. 18.68 MW (Panel Output)
        Operation start    July 2018
        Power selling
        price              JPY 36/kWh (excluding tax   20 year fixed)

2. Narita Kozaki Project

        
                           Kozakimachi Katori-gun / Narita-shi Chiba
        Address            Prefecture
        Site Area          Approx. 540,000 m2
        Installed capacity Approx. 24.00 MW (Panel Output)
        Operation start    June 2019 (Planned)
        Power selling
        price              JPY 36/kWh (excluding tax   20 year fixed)

3. Okayama Aida Hikari Project

        
        Address            Nakagouchi, Mimasaka-shi , Okayama Prefecture
        Site Area          Approx. 606,000 m2
        Installed capacity Approx. 38.00 MW (Panel Output)
        Operation start    October 2021 (Planned)
        Power selling
        price              JPY 32/kWh   excluding tax   20 year fixed   

4. Sanbu Minami Project

        
        Address            Shiizaki, Sanmu-shi, Chiba Prefecture
        Site Area          Approx. 44,000 m2
        Installed capacity Approx. 2.00MW (Panel Output)
        Operation start    June 2019 (Planned)
        Power selling
        price              JPY 36/kWh (excluding tax   20 year fixed)

* The figures stated for electricity sales, etc. are preliminary figures. For the confirmed figures, please refer to the summary of financial results to be disclosed on Friday, August 10, 2018.

        

        Company Name: Prospect Company Limited 
        Representative: President and CEO Curtis Freeze 
        Security Code: 3528 TSE 2nd Section 
        Contact: Representative Director Masato Tabata 
        TEL: +81-03-3470-8411

    Photo: 
    https://mma.prnewswire.com/media/716052/Prospect_Sendai.jpg

SOURCE Prospect Co., Ltd.