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The latest announcement is out from Meidensha Corporation ( (JP:6508) ).
Meidensha Corporation has approved an approximately ¥11 billion investment to renew facilities at its Hachiryu Wind Power Station in Akita Prefecture, reversing an earlier postponement driven by rising material and construction costs and volatile energy markets. The project, which includes replacing the onshore wind turbines with seven units totaling 28,000 kW, is timed to follow the expiration of the site’s existing feed-in tariff contract in January 2027.
Under its updated Environmental Vision, Meidensha aims to achieve zero Scope 2 emissions by fiscal 2040 and will use the renewed wind farm as a strategic decarbonization power source for its factories or for external power sales. Construction is scheduled to begin in April 2027 with operations starting in April 2029, and the company expects minimal impact on consolidated results for the fiscal year ending March 2026, while reinforcing its long-term renewable energy positioning and environmental value.
The most recent analyst rating on (JP:6508) stock is a Buy with a Yen9352.00 price target. To see the full list of analyst forecasts on Meidensha Corporation stock, see the JP:6508 Stock Forecast page.
More about Meidensha Corporation
Meidensha Corporation is a Japanese industrial manufacturer listed on the TSE Prime and NSE Premier markets, with operations spanning power infrastructure and related engineering solutions. The company has been expanding its renewable energy initiatives, using assets such as the Hachiryu Wind Power Station in Akita Prefecture to support sustainability-focused, ESG-aligned growth and contribute to Japan’s decarbonization efforts.
YTD Price Performance: 47.40%
Average Trading Volume: 274,421
Technical Sentiment Signal: Buy
Current Market Cap: Yen372.5B
For an in-depth examination of 6508 stock, go to TipRanks’ Overview page.