TESS Holdings hits daily limit up on speculation following Daiwa Securities' battery storage investment report

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Tue May 19, 2026 10:29 am JST Catalyst

TESS Holdings CO.,Ltd. <5074> continued its sharp rise and remained locked at the daily limit up level of 1,080 yen in buy-only quotation. The Nikkei newspaper reported on the 19th that "Daiwa Securities Group Inc. <8601> will enter the battery storage business." According to the article, Daiwa Securities will raise funds from Aozora Bank, Ltd. <8304> and invest 100 billion yen by 2030. While Daiwa Securities has handled small-scale battery storage facilities in the past, this will mark its first full-scale commercialization of the business. TESS Holdings had announced a business partnership with Daiwa Energy & Infrastructure, a subsidiary of the Daiwa Securities group, in February last year, and this appears to have accelerated speculative capital inflows. TESS Holdings also announced at 10:00 a.m. on the 19th that it had received an order from Kyusei Beverage Industry (Itoshima City, Fukuoka Prefecture) for construction work to install a "battery storage system" to be built alongside an FIP solar power plant.

Source: MINKABU PRESS

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