Results for this period
Full year1 September 2025–31 August 2026ConsolidatedJapanese GAAPThe 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.
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.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
The battery storage business grew substantially as a result of the expansion of non-FIT-related businesses and focused investment in the development and sale of grid-scale battery storage facilities. Meanwhile, profitability in the non-FIT solar power plant development business declined because the number of deliveries fell below plan and the profitability of some projects deteriorated. The energy conservation business was affected by the expiration of existing LED lighting contracts, the power business by delays in grid connections for some non-FIT power plants, and the maintenance business by factors that reduced revenue.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 September 2025–31 August 2026 |
| Net Sales | ¥56,649 million (YoY +19.9%) |
| Operating profit | ¥12,992 million (YoY +50.3%) |
| Ordinary income | ¥11,435 million (YoY +43.6%) |
| Profit attributable to owners of the parent | ¥8,040 million (YoY +50.1%) |
| Net income per share | ¥202.74 |
| Operating Margin | 22.9％ |
| Equity ratio | End of the current fiscal period 25.3％ / End of previous period 24.4％ |
| Total assets | ¥163,570 million |
| Net assets | ¥41,752 million |
| Cash flows from operating activities | ¥7,234 million |
| Cash flows from investing activities | ¥-4,533 million |
| Cash flows from financing activities | ¥-1,021 million |
| Cash and cash equivalents at end of period | ¥37,502 million |
| Full-year earnings forecast | Net Sales ¥70,412 million (YoY +24.3%) / Operating profit ¥15,600 million (YoY +20.1%) / Ordinary income ¥13,500 million (YoY +18.0%) / Net income ¥9,379 million (YoY +16.6%) |
| Annual Dividend Forecast | ¥65 → ¥70 |
| Payout ratio | 29.6％ |
| Segment revenue | Renewable energy business ¥24,756 million (YoY -24.7%), Energy Storage Business ¥21,728 million (YoY +280.4%), Energy-Saving Business ¥1,007 million (YoY -12.9%), Electricity Business ¥7,443 million (YoY +20.8%), Maintenance Business ¥1,891 million (YoY -3.1%) |
| Segment profit | Renewable energy business ¥2,165 million (YoY -52.4%), Energy Storage Business ¥8,419 million (YoY +462.1%), Energy-Saving Business ¥165 million (YoY -47.7%), Electricity Business ¥1,623 million (YoY +2.8%), Maintenance Business ¥358 million (YoY -42.3%) |
| Depreciation and amortization | ¥2,832 million |
| Impairment loss | ¥55 million (energy conservation business) |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥11 million, Gain on sale of shares in an affiliated company ¥12 million / Extraordinary loss Loss on sale of fixed assets ¥1 million, Impairment Losses ¥55 million, Loss on Disposal of Fixed Assets ¥34 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| 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 0 companies / Excluded 2 companies (株式会社ウエストO＆M, 株式会社ウエストビギン) |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Yes (for analysts and institutional investors) |
| Issued Shares at Period-End | 46,027,488 |
| Treasury Shares at Period-End | 6,368,438 |
| Factors Behind Changes in Business Performance | The battery storage business grew substantially as a result of the expansion of non-FIT-related businesses and focused investment in the development and sale of grid-scale battery storage facilities. Meanwhile, profitability in the non-FIT solar power plant development business declined because the number of deliveries fell below plan and the profitability of some projects deteriorated. The energy conservation business was affected by the expiration of existing LED lighting contracts, the power business by delays in grid connections for some non-FIT power plants, and the maintenance business by factors that reduced revenue. |
Items this document does not state (4)
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 expanded its self-consumption solar power plant contracting business and non-FIT-related businesses, while focusing its management resources on the development and sale of grid-scale battery storage facilities. Revenue and operating profit from the battery storage business increased substantially, whereas the non-FIT solar power plant development, energy conservation and maintenance businesses recorded lower revenue and profit.