On April 1, Daito Kentaku Co., Ltd. (Headquarters: Minato-ku, Tokyo; President and CEO: Takeshi Takeuchi) will merge its three group companies responsible for the biomass power generation business. Ichinohe Forest Power Co., Ltd. and Ichinohe Forest Resources Co., Ltd. will be consolidated and integrated into "Daito Bioenergy Co., Ltd."
The Daito Kentaku Group aims to realize a sustainable society by promoting environmental management centered on renewable energy business, and launched its biomass power generation business in 2023. Currently, operations are underway at two main bases: Asago City, Hyogo Prefecture, and Ichinohe Town, Iwate Prefecture.
Through this merger, a system will be established to centrally manage all processes from fuel procurement and processing to power generation, thereby optimizing management resources. By strengthening cooperation between each process and accelerating decision-making, the group will accelerate its initiatives towards realizing a decarbonized society by enhancing its renewable energy supply system with the collective strength of the group.
As a company that extensively utilizes wood as a primary building material, the Daito Kentaku Group contributes to forest sustainability through the effective utilization of unused timber, etc., and promotes the use of renewable energy to achieve its RE100※ goals.
### ※An international initiative aiming for companies to power their operations with 100% renewable electricity.
Asago Biomass Power Plant
Ichinohe Biomass Power Plant
New Company Overview (After Merger of 3 Companies)
Company Name: Daito Bioenergy Co., Ltd.
Location: Shinagawa East One Tower, 2-16-1 Konan, Minato-ku, Tokyo
Representative: Takahiro Okubo, President and Representative Director
Business Activities: Biomass power generation business, production and sales of wood fuel, businesses related to forest resource utilization.
Integration Date: April 1, 2026
Merger Method: Daito Kentaku Bioenergy Co., Ltd. will be the surviving company, absorbing Ichinohe Forest Power Co., Ltd. and Ichinohe Forest Resources Co., Ltd.
Related News Releases
【Environmental Management】Establishment of a new company for biomass power generation business and commencement of fuel procurement (October 10, 2023)
https://www.kentaku.co.jp/corporate/pr/info/2023/release_asagobio_231010.html
Daito Bioenergy Asago Biomass Power Plant Commences Commercial Operation from April 2024 (March 27, 2024)
https://www.kentaku.co.jp/corporate/pr/info/2024/release_asagobio_240327.html
Execution of Stock Transfer Agreement for Ichinohe Forest Power (Biomass Power Plant, Ichinohe Town, Iwate Prefecture) (February 17, 2025)
https://www.kentaku.co.jp/corporate/pr/info/2025/release_ichinohebio_250217.html
FACT BOX
- Source: PR TIMES
- Category: M&A