Japan Electric Power System, Inc. announced that it has entered into a contract to receive ¥321,500,000 in an equity round of funding from new investor Anabuki Kosan Inc. on December 22, 2015. As part of the round, the investor will acquire a total of 70.8% stake in the company.

The company reported negative net assets of ¥11,726,000, total assets of ¥305,726,000, negative net assets per share ¥2,355.35, sales of ¥155,187,000, operating loss of ¥51,738,000, current loss of ¥ 51,643,000, net loss of ¥ 51,776,000, and net income per share ¥10,355.35 for the year ended December 31, 2014. The board of director of ENERES Co., Ltd. approved the transaction. The transaction is expected to close on January 27, 2016.