作者: Billion Watts
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2025 Sep 26
Billion Electric Co., Ltd. (“Billion Electric,” TSE: 3027) today announced that its Board of Directors and the Board of Directors of its 61.98%-owned subsidiary, Billion Watts Technologies Co., Ltd. (“Billion Watts”), have approved a share conversion plan. Under the resolution, Billion Electric will issue new shares to all existing shareholders of Billion Watts other than Billion Electric. Following the approval of Billion Watts’ Extraordinary General Meeting scheduled for October 8, 2025, and Billion Electric’s filing with regulatory authorities, the conversion is expected to be completed on February 2, 2026. Upon completion, Billion Watts will become a wholly owned subsidiary of Billion Electric. This transaction represents a key strategic initiative by Billion Electric to respond to industry transformation and optimize its group structure. Going forward, the Company will position renewable energy as its core business, supported by complementary power management and networking operations.