RENOVA, Inc. (TSE:9519) acquired an additional 13% stake in Ishinomaki Hibarino Biomass Energy G.K. from Mizuho Leasing Company, Limited (TSE:8425) for ¥1.2 billion on March 29, 2024. Prior to the transaction, RENOVA, Inc. (TSE:9519) held 38%. Ishinomaki Hibarino reported net assets of ¥10.73 billion, total assets of ¥56.612 billion, operating profit of ¥0 and profit of -¥208 million for year ended March 31, 2023.

RENOVA, Inc. (TSE:9519) completed the acquisition of an additional 13% stake in Ishinomaki Hibarino Biomass Energy G.K. from Mizuho Leasing Company, Limited (TSE:8425) for ¥1.2 billion on March 29, 2024.