LSE:AAF.L 11 January 2026 - 12 January 2026

July 1, 2026, 2:48 AM EDT. RS Technologies (TSE:3445) said it will put ¥8.04 billion into a 99.82 MW battery storage project in Otawara City, Tochigi Prefecture. The company is joining a ¥16.4 billion project through a silent partnership, a shift aimed at expanding beyond semiconductor materials into renewable energy. The plan targets grid stability and new revenue, but RS expects only a limited short-term earnings impact as spending stretches into 2029. The move brings long-term risk from project execution and regulation. Investors have mixed views, with some price targets coming in below current share levels, so risk and return need to be weighed.