Komori
Earnings presentation2311EPCO Co.,Ltd.Information and Communications, Services and Others

Financial Results Presentation Materials for the Third Quarter of the Fiscal Year Ending December 2026

For the cumulative third quarter of the fiscal year ending December 2026, revenue increased 9.1% year on year and ordinary profit increased 3.2%. Net profit, however, declined 20.9% due to the absence of gains on sales of securities and other assets recorded in the previous year. Revenue is on track against the full-year forecast, while profits at each stage are behind plan.

Worth reading
71In 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
430
¥ million
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationThird quarter of the fiscal year ending December 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥5,175 million+9.1%
Operating profit¥290 million
Ordinary income¥338 million+3.2%
Net income¥233 million-20.9%
Full-year earnings forecast
Net Sales
¥7,215 million
Operating profit
¥527 million
Ordinary income
¥671 million
Net income for the current fiscal year
¥485 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。
Net Sales72%
Operating profit55%
Ordinary income50%
Net income for the current fiscal year48%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
In Q3, revenue remained on plan, while net profit at each stage fell below plan.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Renewable Energy Services ordinary profit
ENE’s-3
THT-19
Other44
Ordinary profit from maintenance services
Revenue growth from existing businesses50
Revenue growth from new businesses112
Increase in personnel expenses-31
Other5
Ordinary profit from design services
Macroeconomic effects-57
Decline in EV-related work-80
Decrease in systems development revenue-32
Revenue growth from new contracts and other factors26
Reduction in personnel expenses79
Other cost-reduction effects33
Impact of yen depreciation-36
Consolidated ordinary profit variance from plan
Renewable Energy Services-2
Maintenance Services-40
Design services-5
Corporate Expenses4
New initiatives
  • Launch of usage-based EneKari service
  • Strengthening solar power and V2H sales through partnerships with EV dealers
  • Introduction of AI OCR and AI speech-recognition tools
  • Expansion of the design services offering
Key KPIsA metric the company considers important as a management benchmark.
  • Reduction in report input time through AI-OCR65 %
  • Number of drawing inspection personnel in Japan26 people
  • Improved productivity in design services81 %
  • THT contract value¥6,584 million
    Year on year against the same period last year-13.6%
  • Number of applicants for the lottery-based shareholder benefit program6,207 people
    Year on year against the same period last yearUpward trend
  • Application rate for the lottery-based shareholder benefit program56.7 %
    Year on year against the same period last yearUpward trend
Segment results
Renewable Energy Services
Net Sales
¥2,040 million+24.1%
Ordinary income
¥190 million+12.5%
Maintenance Services
Net Sales
¥1,601 million+12.5%
Ordinary income
¥333 million+69.6%
Design services
Net Sales
¥1,532 million-8.6%
Ordinary income
¥219 million-23.3%
Medium-term management plan targets
2027
Net Sales¥7.50 billion
Ordinary income¥1.00 billion
Operating margin13.3%
ROE14.5%
2030
Net Sales¥10.00 billion
Ordinary income¥1.50 billion
Operating margin15.0%
ROE18.0%
Financial targets
ROE
2027 target14.5%
2026 plan14.5%
Equity ratio
Actual as of the end of September 202685.6%
Market Size / Share
Design track record shareApproximately 14%
Design track recordApproximately 100,000 homes annually
Number of employees
Consolidated
564 people
Maintenance Services
302 people
Change during the period+13 people year on year
Annual Dividend
2026¥35.0
Payout ratio
50 %
DOE8%
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredThird quarter of the fiscal year ending December 2026
Net Sales¥5,175 million (YoY +9.1%)
Operating profit¥290 million
Ordinary income¥338 million (YoY +3.2%)
Net income¥233 million (YoY -20.9%)
Full-year earnings forecastNet Sales ¥7,215 million / Operating profit ¥527 million / Ordinary income ¥671 million / Net income for the current fiscal year ¥485 million
Progress against full-year forecastNet Sales 72% / Operating profit 55% / Ordinary income 50% / Net income for the current fiscal year 48%
Self-assessment against the planIn Q3, revenue remained on plan, while net profit at each stage fell below plan.
Segment resultsRenewable Energy Services Net Sales ¥2,040 million (YoY +24.1%) / Ordinary income ¥190 million (YoY +12.5%) / Maintenance Services Net Sales ¥1,601 million (YoY +12.5%) / Ordinary income ¥333 million (YoY +69.6%) / Design services Net Sales ¥1,532 million (YoY -8.6%) / Ordinary income ¥219 million (YoY -23.3%)
Breakdown of Factors Affecting the ChangeRenewable Energy Services ordinary profit ENE’s -3 / THT -19 / Other 44 / Ordinary profit from maintenance services Revenue growth from existing businesses 50 / Revenue growth from new businesses 112 / Increase in personnel expenses -31 / Other 5 / Ordinary profit from design services Macroeconomic effects -57 / Decline in EV-related work -80 / Decrease in systems development revenue -32 / Revenue growth from new contracts and other factors 26 / Reduction in personnel expenses 79 / Other cost-reduction effects 33 / Impact of yen depreciation -36 / Consolidated ordinary profit variance from plan Renewable Energy Services -2 / Maintenance Services -40 / Design services -5 / Corporate Expenses 4
Key KPIsIndicator name Reduction in report input time through AI-OCR / Value 65 % / Year on year against the same period last year Not disclosed, Indicator name Number of drawing inspection personnel in Japan / Value 26 people / Year on year against the same period last year Not disclosed, Indicator name Improved productivity in design services / Value 81 % / Year on year against the same period last year Not disclosed, Indicator name THT contract value / Value ¥6,584 million / Year on year against the same period last year ¥-13.6 million, Indicator name Number of applicants for the lottery-based shareholder benefit program / Value 6,207 people / Year on year against the same period last year Upward trend, Indicator name Application rate for the lottery-based shareholder benefit program / Value 56.7 % / Year on year against the same period last year Upward trend
Number of employeesConsolidated 564 people / Maintenance Services 302 people / Hiring plan Not disclosed
Medium-term management plan targets2027 Net Sales ¥7.50 billion / Ordinary income ¥1.00 billion / Operating margin 13.3% / ROE 14.5% / 2030 Net Sales ¥10.00 billion / Ordinary income ¥1.50 billion / Operating margin 15.0% / ROE 18.0%
Financial targetsROE 2027 target 14.5% / 2026 plan 14.5% / Equity ratio Actual as of the end of September 2026 85.6%
Annual Dividend2026 ¥35.0 / Interim Not disclosed / End of period Not disclosed
Payout ratio50 %
Market Size / ShareDesign track record share Approximately 14% / Design track record Approximately 100,000 homes annually
New initiativesLaunch of usage-based EneKari service, Strengthening solar power and V2H sales through partnerships with EV dealers, Introduction of AI OCR and AI speech-recognition tools, Expansion of the design services offering
Items this document does not state (12)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAcquisition 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 renewable energy services business posted higher revenue, driven by large projects for major homebuilders, projects for THT, and battery installation work supporting demand response. The maintenance services business posted higher profit as contracted work increased and operations became more efficient through AI and DX. The design services business, however, reported lower revenue and profit due to stagnation in the housing market, a decline in EV-related work, and higher costs in China resulting from the weaker yen. Net profit declined due to the absence of gains on sales of investment securities and shares in affiliated companies recorded in the previous 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.
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.
Financial Results Presentation Materials for the Third Quarter of the Fiscal Year Ending December 2026 | EPCO Co.,Ltd. (2311) timely disclosure | Komori