Worth reading
57In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
128.2
%Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 September 2025 to 31 May 2026ConsolidatedJapanese GAAPNet Sales29,339¥ millionYear on year +33.4%Progress 53.9%
Operating profit4,614¥ millionYear on year +128.2%Progress 40.6%
Ordinary income3,399¥ millionYear on year +114.4%Progress 35.1%
Net income attributable to owners of the parent2,316¥ millionYear on year +198.6%Progress 35.1%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥58.41
Financial position at period-end
Total assets149,480¥ million
of which net assets 35,464 ¥ millionEquity ratio 23.5%vs. prior year-end -0.9pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Segment revenueRenewable energy business ¥13,975 million (YoY -13.7%), Energy Storage Business ¥8,492 million, Energy-Saving Business ¥783 million (YoY -11.3%), Electricity Business ¥4,904 million (YoY +27.2%), Maintenance Business ¥1,478 million (YoY +1.9%), Other ¥1 million (YoY +138.0%)
Segment profitRenewable energy business ¥458 million (YoY -19.9%), Energy Storage Business ¥3,002 million, Energy-Saving Business ¥139 million (YoY -49.6%), Electricity Business ¥604 million (YoY -8.0%), Maintenance Business ¥337 million (YoY -26.2%), Other ¥1 million (YoY +138.0%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥54,460 million (YoY +15.3%)
Operating profit¥11,376 million (YoY +31.6%)
Ordinary income¥9,676 million (YoY +21.5%)
Net income¥6,602 million (YoY +23.2%)
Annual Dividend Forecast¥65 → ¥70
Factors Behind Changes in Business Performance
Expansion of non-FIT-related businesses, centered on the contracting business for industrial solar power plants for on-site consumption and the development business for non-FIT solar power plants, and focused investment of management resources in the development business for grid-scale battery storage facilities. Delays in the delivery of non-FIT solar power plants, delays in grid connection and the expiration of LED lighting contracts reduced revenue and earnings in certain businesses.
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 1 / Company name 株式会社ウエストＯ＆Ｍ
Material subsequent eventsAn absorption-type merger was completed on 1 June 2026, with 株式会社ウエストエネルギーソリューション as the surviving company and 株式会社ウエストビギン as the absorbed company.
Impairment lossNot applicable.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥11 million / Extraordinary loss Loss on sale of fixed assets ¥1 million, Loss on Disposal of Fixed Assets ¥9 million
Depreciation and amortization¥2,067 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End46,027,488 shares
Treasury Shares at Period-End6,368,437 treasury shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 September 2025 to 31 May 2026 |
| Net Sales | ¥29,339 million (YoY +33.4%) |
| Operating profit | ¥4,614 million (YoY +128.2%) |
| Ordinary income | ¥3,399 million (YoY +114.4%) |
| Profit attributable to owners of the parent | ¥2,316 million (YoY +198.6%) |
| Net income per share | ¥58.41 |
| Equity ratio | End of the current fiscal period 23.5 / End of previous period 24.4 |
| Total assets | ¥149,480 million |
| Net assets | ¥35,464 million |
| Full-year earnings forecast | Net Sales ¥54,460 million (YoY +15.3%) / Operating profit ¥11,376 million (YoY +31.6%) / Ordinary income ¥9,676 million (YoY +21.5%) / Net income ¥6,602 million (YoY +23.2%) |
| Annual Dividend Forecast | ¥65 → ¥70 |
| Segment revenue | Renewable energy business ¥13,975 million (YoY -13.7%), Energy Storage Business ¥8,492 million, Energy-Saving Business ¥783 million (YoY -11.3%), Electricity Business ¥4,904 million (YoY +27.2%), Maintenance Business ¥1,478 million (YoY +1.9%), Other ¥1 million (YoY +138.0%) |
| Segment profit | Renewable energy business ¥458 million (YoY -19.9%), Energy Storage Business ¥3,002 million, Energy-Saving Business ¥139 million (YoY -49.6%), Electricity Business ¥604 million (YoY -8.0%), Maintenance Business ¥337 million (YoY -26.2%), Other ¥1 million (YoY +138.0%) |
| Depreciation and amortization | ¥2,067 million |
| Impairment loss | Not applicable. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥11 million / Extraordinary loss Loss on sale of fixed assets ¥1 million, Loss on Disposal of Fixed Assets ¥9 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 1 / Company name 株式会社ウエストＯ＆Ｍ |
| Material subsequent events | An absorption-type merger was completed on 1 June 2026, with 株式会社ウエストエネルギーソリューション as the surviving company and 株式会社ウエストビギン as the absorbed company. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 46,027,488 shares |
| Treasury Shares at Period-End | 6,368,437 treasury shares |
| Factors Behind Changes in Business Performance | Expansion of non-FIT-related businesses, centered on the contracting business for industrial solar power plants for on-site consumption and the development business for non-FIT solar power plants, and focused investment of management resources in the development business for grid-scale battery storage facilities. Delays in the delivery of non-FIT solar power plants, delays in grid connection and the expiration of LED lighting contracts reduced revenue and earnings in certain businesses. |
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlog
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company continued to expand its non-FIT-related businesses and focus management resources on the development of grid-scale battery storage facilities. Orders and completion of industrial solar power projects for on-site consumption and expansion of the battery storage business progressed, while delays in the delivery of non-FIT solar power plants, delays in grid connection and the expiration of some LED lighting contracts reduced revenue and earnings in certain businesses.
How to read this page
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