Project Finance Arrangement for Solar Power Generation Portfolio

Fukuoka Financial Group Inc. (President: Hisashi Goshima, hereinafter "FFG") announces that through its subsidiary banks—Fukuoka Bank, Ltd., Kumamoto Bank, Ltd., and Jusan Shinwa Bank, Ltd.—it has arranged project finance for Kyuden Mirai Solar G.K. (hereinafter "Mirai Solar"), a joint venture funded by Kyuden Mirai Energy Co., Ltd. (hereinafter "Kyuden Mirai Energy") and Development Bank of Japan Inc. (hereinafter "DBJ"). The financing will support Mirai Solar’s acquisition of operational solar power plants (hereinafter "the Project").

Through this initiative, FFG aims to contribute to expanding renewable energy supply, strengthening stable power infrastructure in local communities, and supporting the sustainable growth of regional industries.

<Overview of the Loan>

Borrower

Kyuden Mirai Solar G.K.

Contract Signing Date

February 13, 2026

Lenders

Fukuoka Bank (Arranger)

Kumamoto Bank

Jusan Shinwa Bank

Okinawa Bank

Use of Proceeds

Funding for the acquisition of operational solar power plants

The Project involves a solar power generation business established by Mirai Solar as part of Kyuden Mirai Energy’s business model transformation toward 2035. Mirai Solar will acquire 12 solar power plants (total capacity: approximately 28MW) previously developed and owned by Kyuden Mirai Energy, primarily in the Kyushu region, through a business transfer, enabling integrated ownership and operation of multiple power generation assets.

Operation and maintenance of the power plants will be conducted by Kyuden Mirai Energy, which has extensive experience, ensuring a stable, locally rooted operational framework. The Project plans to enhance business value through measures such as converting existing plants to FIP (Feed-in Premium) schemes, integrating battery storage systems, and acquiring additional generation assets, thereby contributing to a more robust and sustainable renewable energy supply.

*FIP (Feed-in Premium): A system that adds a fixed premium to electricity sales priced according to market rates.

Project Finance:

A financing method that uses future cash flows generated from a specific project as the source of repayment. A special-purpose company (SPC) is established, and loans are provided based on the project’s revenue and assets. A key feature is that financing does not rely on the creditworthiness of the parent company.

<Comments from Stakeholders>

Kyuden Mirai Energy Comment

Kyuden Mirai Energy aims to become a world-leading green energy company that opens the future. By selling equity stakes in power generation facilities we have developed and reinvesting the proceeds into new renewable energy (hereinafter "renewables") projects, we will accelerate renewables development. At the same time, by undertaking O&M services※1, advancing aggregation※2 and trading capabilities, and developing solutions, we will act as a platform addressing diverse needs in the renewables sector, maximizing the value of renewables and contributing to their widespread adoption and expansion.

※1 Operation and maintenance services for power plants.

※2 A method of collectively managing electricity from multiple renewable energy power plants to efficiently balance supply and demand.

DBJ Comment

DBJ has long supported initiatives in the renewable energy sector and has contributed to advancing this Project by leveraging its accumulated expertise. Furthermore, as this Project supports the promotion of carbon neutrality, DBJ has utilized the "Green Investment Promotion Fund※4," a category under its "Designated Investment Business※3."

DBJ will continue to actively support clients in achieving carbon neutrality and sustainable business practices.

※3 A time-limited, intensive funding program that uses partial government investment (from the Industrial Investment Corporation) to promote private-sector growth financing, regional economic revitalization, and enhanced competitiveness of Japanese enterprises.

※4 A priority area established to broadly support initiatives contributing to green society realization, aligned with government policies such as the 2050 carbon neutrality goal.

▼Kyuden Mirai Energy Press Release dated June 29, 2026

https://www.q-mirai.co.jp/news/archives/558

▼DBJ Press Release dated June 29, 2026

https://www.dbj.jp/news/assets/2606291.pdf

<About FFG’s Sustainable Finance Initiatives>

As a financial group headquartered in Kyushu, FFG considers promoting renewable energy adoption and contributing to decarbonization in the region as key responsibilities. In October 2021, FFG defined financing that supports clients’ solutions to environmental and social challenges and the realization of a decarbonized society as "Sustainable Finance," setting a cumulative target of JPY 2 trillion (with JPY 1 trillion allocated to environmental finance) for the period from FY2020 to FY2030.

This transaction is part of FFG’s ongoing efforts under this framework, providing financial support to locally rooted renewable energy businesses.

FFG will continue to contribute to the development of regional industries, including the renewable energy sector, and to achieving carbon neutrality.

About Fukuoka Financial Group Inc.

Fukuoka Financial Group (FFG), established in 2007, is a regional financial group with a wide-reaching network across Kyushu. Anchored in Kyushu and built on the long-standing histories of Fukuoka Bank, Kumamoto Bank, Jusan Shinwa Bank, and Fukuoka Chuo Bank—alongside digital bank Minna no Bank—FFG operates a diversified group structure including securities, credit card, and consulting companies.

Company Name: Fukuoka Financial Group Inc.

Head Office Address: 1-8-3 Ohtemon, Chuo-ku, Fukuoka City, Fukuoka Prefecture 810-8693

Representative: President & Director, Hisashi Goshima