Portfolio

Portfolio
Portfolio Overview

Portfolio

Portfolio Highlight

As of December 31, 2025

# of projects

35 projects
Total acquisition price as of the end of 17th FP

¥ 102.0 Bn
Panel output of AUM

247.5 MW
Total valuation price ^(Note) as of the end of 17th FP

¥ 82.0 Bn

Total Energy Output for the Period

Changes in the Percentage of the 3 Largest PVs in the Portfolio (panel output basis)

Remaining FIT period of CSIF portfolio (panel output basis)

Historical valuation and book value (after depreciation)

Portfolio OverviewAs of December 31, 2025

List of Power Plant Assets

No.	Project name	Location	Acquisition Price (million yen)	Valuation Price ^(Note) (million yen)	Portfolio (%)	Panel Output (kW)	FIT Price (yen)	Electric Power service area	Curtailment rules	Online curtailment system status
S-01	CS Shibushi-shi Power Plant	Shibushi-shi, Kagoshima	540	391	0.53%	1,224.00	40	Kyushu	30-day rule	○
S-02	CS Isa-shi Power Plant	Isa-shi, Kagoshima	372	244	0.36%	931.77	40	Kyushu	30-day rule	○
S-03	CS Kasama-shi Power Plant	Kasama-shi, Ibaraki	907	717	0.89%	2,127.84	40	Tokyo	30-day rule
S-04	CS Isa-shi Dai-ni Power Plant	Isa-shi, Kagoshima	778	504	0.76%	2,013.99	36	Kyushu	30-day rule	○
S-05	CS Yusui-cho Power Plant	Aira-gun, Kagoshima	670	424	0.66%	1,749.30	36	Kyushu	30-day rule	○
S-06	CS Isa-shi Dai-san Power Plant	Isa-shi, Kagoshima	949	606	0.93%	2,225.08	40	Kyushu	30-day rule	○
S-07	CS Kasama-shi Dai-ni Power Plant	Kasama-shi, Ibaraki	850	605	0.83%	2,103.75	40	Tokyo	30-day rule
S-08	CS Hiji-machi Power Plant	Hayami-gun, Oita	1,029	653	1.01%	2,574.99	36	Kyushu	30-day rule	○
S-09	CS Ashikita-machi Power Plant	Ashikita-gun, Kumamoto	989	648	0.97%	2,347.80	40	Kyushu	30-day rule	○
S-10	CS Minamishimabara-shi Power Plant (East & West)	Shimabara-shi, Nagasaki	1,733	1,203	1.70%	3,928.86	40	Kyushu	30-day rule	○
S-11	CS Minano-machi Power Plant	Chichibu-gun, Saitama	1,018	783	1.00%	2,448.60	32	Tokyo	30-day rule
S-12	CS Kannami-cho Power Plant	Tagata-gun, Shizuoka	514	396	0.50%	1,336.32	36	Tokyo	30-day rule
S-13	CS Mashiki-machi Power Plant	Kamimashiki-gun, Kumamoto	19,751	15,334	19.36%	47,692.62	36	Kyushu	30-day rule	○
S-14	CS Koriyama-shi Power Plant	Koriyama-shi, Fukushima	246	180	0.24%	636.00	32	Tohoku	30-day rule	○
S-15	CS Tsuyama-shi Power Plant	Tsuyama-shi, Okayama	746	551	0.73%	1,930.50	32	Chugoku	30-day rule	○
S-16	CS Ena-shi Power Plant	Ena-shi, Gifu	757	599	0.74%	2,124.20	32	Chubu	360-hour rule	○
S-17	CS Daisen-cho Power Plant (A)(B)	Saihaku-gun, Tottori	10,447	7,472	10.24%	27,302.40	40	Chugoku	30-day rule	○
S-18	CS Takayama-shi Power Plant	Takayama-shi, Gifu	326	250	0.32%	962.28	32	Chubu	360-hour rule	○
S-19	CS Misato-machi Power Plant	Kodama-gun, Saitama	470	333	0.46%	1,082.88	32	Tokyo	30-day rule
S-20	CS Marumori-machi Power Plant	Igu-gun, Miyagi	850	587	0.83%	2,194.50	36	Tohoku	Unlimited and Uncompensated rule	○
S-21	CS Izu-shi Power Plant	Izu-shi, Shizuoka	4,569	3,485	4.48%	10,776.80	36	Tokyo	30-day rule	○
S-22	CS Ishikari Shinshinotsu-mura Power Plant	Ishikari-gun, Hokkaido	680	412	0.67%	2,384.64	24	Hokkaido	Unlimited and Uncompensated rule	○
S-23	CS Osaki-shi Kejonuma Power Plant	Osaki-shi, Kejonuma	208	145	0.20%	954.99	21	Tohoku	Unlimited and Uncompensated rule	○
S-24	CS Hiji-machi Dai-ni Power Plant	Hayami-gun, Oita	27,851	22,690	27.29%	53,403.66	40	Kyushu	30-day rule	○
S-25	CS Ogawara-machi Power Plant	Shibata-gun, Miyagi	2,745	2,182	2.69%	7,515.35	32	Tohoku	Unlimited and Uncompensated rule	○
S-26	CS Fukuyama-shi Power Plant	Fukuyama-shi, Hiroshima	1,340	1,297	1.31%	3,316.95	40	Chugoku	30-day rule	○
S-27	CS Shichikashuku-machi Power Plant	Katta-gun, Miyagi	3,240	2,949	3.18%	9,213.12	36	Tohoku	30-day rule	○
S-28	CS Kama-shi Power Plant	Kama-shi, Fukuoka	586	554	0.57%	2,242.96	36	Kyushu	Unlimited and Uncompensated rule	○
S-29	CS Miyako-machi Saigawa Power Plant	Miyako-gun, Fukuoka	5,780	5,365	5.66%	13,011.20	36	Kyushu	Unlimited and Uncompensated rule	○
S-30	CS Kasama-shi Dai-san Power Plant	Kasama-shi, Ibaraki	5,840	5,415	5.72%	13,569.36	32	Tokyo	30-day rule	○
S-31	CS Yamaguchi-shi Power Plant	Yamaguchi-shi, Yamaguchi-ken	230	233	0.23%	1,107.60	18	Chugoku	Unlimited and Uncompensated rule	○
S-32	CS Sakura-shi Power Plant	Sakura-shi, Chiba	321	300	0.31%	1,218.30	21	Tokyo	360-hour rule	○
S-33	CS Hiroshima-shi Suzuhari Power Plant	Hiroshima-shi Hiroshima-ken	3,980	3,796	3.90%	17,461.08	18	Chugoku	360-hour rule	○
S-34	CS Sakura-shi Kitsuregawa Power Plant	Sakura-shi Tochigi-ken	470	458	0.46%	1,210.44	32	Tokyo	360-hour rule	○
S-35	CS Tsukuba-shi Takamihara Power Plant	Tsukuba-shi Ibaraki-ken	253	263	0.25%	1,247.40	Undisclosed	Tokyo	Unlimited and Uncompensated rule	○
Portfolio Total			102,042	82,030	100.00%	247,571.35	ー	ー	ー	ー

(Note): The term “valuation price ”refers to the intermediate value of power plants whose property numbers in the Asset List on page 8-9 are S-01 through S-18 estimated by CSIF, based on the valuations of power plants at the end of Dec. 2025 calculated by PricewaterhouseCoopers Sustainability LLC. As for power plants S-19 through S-30, “valuation price” is the median value calculated by Kroll, LLC at the end of Dec. 2025, and for power plant S-31 through S-35, “valuation price ” is estimated by CSIF, based on the valuations of power plants at the end of Dec. 2025 calculated by Japan Real Estate Institute.