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Latest Tokyo Brief coverage on Environment Friendly Holdings Corp., tracking filings, financial news, and market signals from Japan.
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Finland's Verda Cloud has put down $5 million for exclusive rights to negotiate a lease over the entire 10MW first phase of Kankyo Friendly's Tomakomai AI data center, with a final contract due within roughly six weeks and an estimated ¥2.4bn to ¥2.5bn in annual fees if it closes.
Environment Friendly Holdings said its subsidiary AI Tech Tomakomai has signed a ¥3.94bn tax-included contract with Yurtec to build a 66kV substation for the Tomakomai AI data-centre site in Hokkaido. Construction starts on July 1, 2026 and completion is scheduled for Dec. 13, 2027, with the company describing the asset as the route from an initial 10MW plan toward a 50MW receiving-capacity target. Funding is supposed to come from internal cash, retargeted equity proceeds, warrant exercises and possibly bank borrowing. The catch is familiar: part of the money depends on future warrant exercises, so the power plan is solidifying faster than the financing certainty.