Worth reading
69In 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
300
¥100 million (sales target for the fiscal year ending April 2029)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+63.4%
基準 18,358Target30,000million
Operating profit+0.1%
基準 2,026Target2,029million
ROE+1.0pt
基準 2,026Target2,027％
Each line is the climb from the baseline the document states to the target it sets. The slope is scaled against the largest climb in this document. For metrics expressed as percentages, differences are shown in percentage points (pt).The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
What happened to the previous planInitial plan for the fiscal year ending April 2026: ¥19.5 billion → Actual for the fiscal year ending April 2026: ¥18.4 billion0.0%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyUnder Green300, the Company targets a payout ratio of approximately 15%. The applicable period is the fiscal years ending April 2025 through April 2029. DOE: not disclosed.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Medium-Term Management Plan Green300
02Long-Term Vision Sustainable Growth 2035
03Pursuing capital efficiency and development scale simultaneously
04Further focus on the grid-scale battery storage business
05Concentration on the grid-scale battery storage business
06Improving profit and capital efficiency
07Steadily expanding development scale
08Ongoing strategy: maximizing the number of developments
09Ongoing strategy: strategic progress in solar power generation facilities
10Priority strategy 1: expanding the number of store units
11Priority strategy 2: expanding the business area
12Stock business strategy (O&M)
Plan assumptionsThe grid-scale battery storage market is expected to expand to ¥424 billion in fiscal 2030., The government target assumes the introduction of up to 23.8 GWh of grid-scale battery storage by 2030., The market-size forecast was prepared based on information available as of 20 January 2026.
Non-financial targetsIndicator name Number of green energy facilities developed / Target value 1,500 cases / Timing Fiscal year ending April 2029, Indicator name Development and construction of grid-scale battery storage facilities / Target value Cumulative total of 1 GWh (1,000 MWh) / Timing By April 2029
Size of the Target MarketThe grid-scale battery storage market is estimated at ¥120 billion in fiscal 2026, ¥200 billion in fiscal 2027, ¥270 billion in fiscal 2028, ¥350 billion in fiscal 2029, and ¥424 billion in fiscal 2030. These figures were estimated and interpreted comprehensively and independently by the Company based on publicly available materials from the government and private-sector sources.
Risks identified by the company
Natural disasters and other events
Changes in laws and regulations
Leakage of personal information and other data
Delays in connection to the power grid
Risk of outstanding customer deposits and advance payments
Customers' funding risk
Accountability arising from customers' insufficient understanding of the power generation business
Risk of delays in aggregation and O&M
Risk associated with forming SPC funds
Rising interest rates
Dilution through equity financing, including CBs
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan Green300 & Long-Term Vision Sustainable Growth 2035 |
| Plan period | Fiscal years ending April 2025–April 2029 (Green300); 2030–2035 (Sustainable Growth 2035) |
| Progress against the plan | Annual update |
| Sales Target | Actual for the fiscal year ending April 2026: ¥18,358 million → Fiscal year ending April 2029: ¥30,000 million |
| Operating profit target | Actual for the fiscal year ending April 2026: ¥1,191 million → Fiscal year ending April 2029: ¥2,000 million |
| ROE target | Actual for the fiscal year ending April 2026: 9.1% (9.4% on another page) → Approximately 12% (Green300). The Company aims to achieve at least 20% ahead of schedule in the fiscal year ending April 2027. |
| Payout ratio / DOE policy | Under Green300, the Company targets a payout ratio of approximately 15%. The applicable period is the fiscal years ending April 2025 through April 2029. DOE: not disclosed. |
| Non-financial targets | Indicator name Number of green energy facilities developed / Target value 1,500 cases / Timing Fiscal year ending April 2029, Indicator name Development and construction of grid-scale battery storage facilities / Target value Cumulative total of 1 GWh (1,000 MWh) / Timing By April 2029 |
| Plan assumptions | The grid-scale battery storage market is expected to expand to ¥424 billion in fiscal 2030., The government target assumes the introduction of up to 23.8 GWh of grid-scale battery storage by 2030., The market-size forecast was prepared based on information available as of 20 January 2026. |
| Key initiatives | Medium-Term Management Plan Green300, Long-Term Vision Sustainable Growth 2035, Pursuing capital efficiency and development scale simultaneously, Further focus on the grid-scale battery storage business, Concentration on the grid-scale battery storage business, Improving profit and capital efficiency, Steadily expanding development scale, Ongoing strategy: maximizing the number of developments, Ongoing strategy: strategic progress in solar power generation facilities, Priority strategy 1: expanding the number of store units, Priority strategy 2: expanding the business area, Stock business strategy (O&M) |
| Results under the previous plan | Initial plan for the fiscal year ending April 2026: ¥19.5 billion → Actual for the fiscal year ending April 2026: ¥18.4 billion |
| Size of the Target Market | The grid-scale battery storage market is estimated at ¥120 billion in fiscal 2026, ¥200 billion in fiscal 2027, ¥270 billion in fiscal 2028, ¥350 billion in fiscal 2029, and ¥424 billion in fiscal 2030. These figures were estimated and interpreted comprehensively and independently by the Company based on publicly available materials from the government and private-sector sources. |
| Risks identified | Natural disasters and other events, Changes in laws and regulations, Leakage of personal information and other data, Delays in connection to the power grid, Risk of outstanding customer deposits and advance payments, Customers' funding risk, Accountability arising from customers' insufficient understanding of the power generation business, Risk of delays in aggregation and O&M, Risk associated with forming SPC funds, Rising interest rates, Dilution through equity financing, including CBs |
| Publication date | 31 July 2026 |
Items this document does not state (11)
Operating profit margin targetNet income targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetReason for revision or withdrawalDate of board resolution
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 medium-term management plan, Green300, is progressing at a pace exceeding the initial plan, and performance is expected to exceed the plan in the fiscal year ending April 2027 as well. In addition, the Company aims to capture the expansion of the grid-scale battery storage market while simultaneously increasing its development scale and capital efficiency.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.