Worth reading
61In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
5.34
¥100 million (upward revision to the initial full-year revenue plan)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings briefing transcriptSecond quarter of the fiscal year ending December 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥3,446 million+2.8%
Ordinary income¥251 million+6.4%
Net income¥173 million-13.7%
Full-year earnings forecast
Net Sales
¥7,215 million
Operating profit
¥527 million
Ordinary income
¥671 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。not disclosed (a progress chart against the initial plan is provided, but no figures are stated in the text)
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating profit is expected to significantly exceed the plan. Renewable energy services and maintenance services are expected to exceed the initial plan, while design services are forecast conservatively.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Renewable Energy Services
ENE’s
¥-41 million
TEPCO HomeTech
¥-13 million
Joint venture with the LESSO Group
¥48 million
Maintenance ServicesHigher revenue from existing and new business, and productivity improvements
Design servicesNew housing starts, the civil rehabilitation of a business partner, and higher costs at the Chinese operations due to the weaker yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Foreign exchangeTaking current exchange rates into account
Market EnvironmentTaking current market conditions into account
Interest RatesRising interest rates are pushing up TEPCO Hometech's lease rates
New initiatives
- Considering the introduction of ultra-lightweight, thin-film solar panels
- Considering EneKari services that do not rely on leasing
- Strengthening marketing in collaboration with the TEPCO Group
- Large-scale battery storage installation projects from au Energy & Life and Tokyu Power Supply
- Expanding orders for demand response (DR)-related businesses
Key KPIsA metric the company considers important as a management benchmark.
- Design contracts for new low-rise housingApproximately 100,000 homes
- Maintenance requests received700,000 cases annually
- Households covered by after-sales maintenance1.75 million households
- Entries for lottery-based shareholder benefits6,207 peopleYear on year against the same period last yearRecord high
- Participation rate for lottery-based shareholder benefits56.7 %Year on year against the same period last yearAt a record-high level
Segment results
Renewable Energy Services
Net Sales
¥1,350 million+2.8%
Ordinary income
¥157 million-4.0%
Maintenance Services
Net Sales
¥1,043 million+13.2%
Ordinary income
¥210 million+97.5%
Design services
Net Sales
¥1,051 million-5.8%
Ordinary income
¥154 million-17.9%
Medium-term management plan targets
FY2027
Net Sales¥7.5 billion
Ordinary income¥1 billion
FY2030
Net Sales¥10 billion
Ordinary income¥1.5 billion
Market Size / Share
Leading market share in design contracts for new low-rise housing (numerical market share not disclosed)Number of stores and locations
not disclosed (locations are described, but the number at period-end and the number of openings and closures during the period are not provided)Number of employees
Number of EmployeesApproximately 800 on a consolidated basis
Annual Dividend
Annual dividend per share¥35
Payout ratio
Payout ratio50 %
Dividend-on-equity ratio8 %
Dividend-on-equity ratio unit%
| Item | Details |
|---|---|
| Document type | Earnings briefing transcript |
| Fiscal Period Covered | Second quarter of the fiscal year ending December 2026 |
| Net Sales | ¥3,446 million (YoY +2.8%) |
| Ordinary income | ¥251 million (YoY +6.4%) |
| Net income | ¥173 million (YoY -13.7%) |
| Full-year earnings forecast | Net Sales ¥7,215 million / Operating profit ¥527 million / Ordinary income ¥671 million / Net income for the current fiscal year Not disclosed |
| Progress against full-year forecast | not disclosed (a progress chart against the initial plan is provided, but no figures are stated in the text) |
| Self-assessment against the plan | Operating profit is expected to significantly exceed the plan. Renewable energy services and maintenance services are expected to exceed the initial plan, while design services are forecast conservatively. |
| Segment results | Renewable Energy Services Net Sales ¥1,350 million (YoY +2.8%) / Ordinary income ¥157 million (YoY -4.0%) / Maintenance Services Net Sales ¥1,043 million (YoY +13.2%) / Ordinary income ¥210 million (YoY +97.5%) / Design services Net Sales ¥1,051 million (YoY -5.8%) / Ordinary income ¥154 million (YoY -17.9%) |
| Breakdown of Factors Affecting the Change | Renewable Energy Services ENE’s ¥-41 million / TEPCO HomeTech ¥-13 million / Joint venture with the LESSO Group ¥48 million / Maintenance Services Higher revenue from existing and new business, and productivity improvements / Design services New housing starts, the civil rehabilitation of a business partner, and higher costs at the Chinese operations due to the weaker yen |
| Key KPIs | Indicator name Design contracts for new low-rise housing / Value Approximately 100,000 homes / Year on year against the same period last year Not disclosed, Indicator name Maintenance requests received / Value 700,000 cases annually / Year on year against the same period last year Not disclosed, Indicator name Households covered by after-sales maintenance / Value 1.75 million households / Year on year against the same period last year Not disclosed, Indicator name Entries for lottery-based shareholder benefits / Value 6,207 people / Year on year against the same period last year Record high, Indicator name Participation rate for lottery-based shareholder benefits / Value 56.7 % / Year on year against the same period last year At a record-high level |
| Number of stores and locations | not disclosed (locations are described, but the number at period-end and the number of openings and closures during the period are not provided) |
| Number of employees | Number of Employees Approximately 800 on a consolidated basis / Changes during the period and hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | Foreign exchange Taking current exchange rates into account / Market Environment Taking current market conditions into account / Interest Rates Rising interest rates are pushing up TEPCO Hometech's lease rates |
| Medium-term management plan targets | FY2027 Net Sales ¥7.5 billion / Ordinary income ¥1 billion / FY2030 Net Sales ¥10 billion / Ordinary income ¥1.5 billion |
| Annual Dividend | Annual dividend per share ¥35 / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | Payout ratio 50 % / Dividend-on-equity ratio 8 % / Dividend-on-equity ratio unit % |
| Market Size / Share | Leading market share in design contracts for new low-rise housing (numerical market share not disclosed) |
| New initiatives | Considering the introduction of ultra-lightweight, thin-film solar panels, Considering EneKari services that do not rely on leasing, Strengthening marketing in collaboration with the TEPCO Group, Large-scale battery storage installation projects from au Energy & Life and Tokyu Power Supply, Expanding orders for demand response (DR)-related businesses |
Items this document does not state (12)
Operating profitGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterUnit price and quantity metricsRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A
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 full-year forecasts were revised because operating profit is expected to significantly exceed the initial plan. Revenue and ordinary profit benefited from price revisions for maintenance services, new business and large-scale projects for ENE’s, while design services were affected by the number of new housing starts, the civil rehabilitation of a business partner and higher costs at the Chinese operations due to the weaker yen. Net income declined because the ¥71 million gain on the sale of shares recorded in the previous year was not recorded this year.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.