Worth reading
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How definitive the wording is.Items stated in the management plan
FormulatedROE0.0pt
基準 20Target20%
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).
Operating profit marginNot disclosed → 30%+
Only the target level is shown because the current level for comparison was not provided.Key initiatives
01Expand the sales pipeline from lead generation by upgrading marketing initiatives and strengthening outbound sales.
02Strengthen the development of new partners (exclusive distributors) and deepen relationships by supporting their launch.
03Strengthen the customer acquisition platform by expanding in the low-voltage corporate segment and establishing branches at regional locations.
04Further expand and promote the use of customized products employing financial techniques such as electricity futures and options.
05Establish an efficient organizational structure, select priority areas and allocate sales resources to regional locations, while continuing to recruit personnel.
06Promote lead generation by strengthening marketing initiatives.
07Focus on development to improve the visibility of deal progress and usability for deals matched through RE Bridge.
08Capture demand for renewable energy procurement with a focus on hourly matching following revisions to the GHG Protocol.
09Continue expanding power sources, including solar, wind, geothermal, hydroelectric and biomass, and focus on structuring large-scale projects through multi-offtake arrangements.
10Focus on structuring projects by expanding into the low-voltage segment and implementing matching functions.
11Commence commercial operation and ensure stable operations for projects for which investment decisions have been made.
12Structure large-scale projects, including extra-high-voltage projects.
Segment targetSegment Electricity Platform / Indicator Net sales / Target ¥4,812 million / Target fiscal year Fiscal year ending July 2027, Segment Renewable Energy Platform / Indicator Net sales / Target ¥816 million / Target fiscal year Fiscal year ending July 2027, Segment AS business / Indicator Net sales / Target ¥2,043 million / Target fiscal year Fiscal year ending July 2027, Segment Other / Indicator Net sales / Target ¥294 million / Target fiscal year Fiscal year ending July 2027
Non-financial targetsIndicator Total contracted capacity / Target CAGR of 30%+ from the fiscal year ending July 2027 to the fiscal year ending July 2029 / Timing Fiscal year ending July 2027 to fiscal year ending July 2029
Size of the Target MarketPower producer market size: approximately 710,000 sites; electricity customer market size: approximately 780,000 sites. Sources: Ministry of Land, Infrastructure, Transport and Tourism, Basic Survey of Corporate Land and Buildings 2023 (Table 48); Agency for Natural Resources and Energy, website for publication of information under the Act on Promotion of the Utilization of Electricity from Renewable Energy Sources (updated 20 August 2025).
Risks identified by the company
Fluctuations in electricity procurement costs due to fuel prices and supply-demand conditions
Higher prices for FIT non-fossil certificates
Tightening of Scope 2 accounting rules
Changes to the market framework for supply-demand balancing, including lower price ceilings
Risk of higher electricity procurement costs due to heightened tensions in the Middle East and persistently high fuel prices
Disruption in the LNG market due to geopolitical risks
Risk to electricity supply-demand and grid stability due to output fluctuations accompanying the expansion of the renewable energy mix
Reason for revision or withdrawal
The target level was revised because depreciation expense will arise as the company expands its holdings of battery energy storage assets. Adjusted EBITDA margin was newly adopted as an indicator of the underlying profitability of the business excluding the impact of higher depreciation expense. The company intends to maintain high profitability even after making upfront investments in battery energy storage. Because the volume of electricity handled (kWh) is not an appropriate measure for the battery energy storage business, the metric was changed to total contracted capacity (kW).
| Item | Details |
|---|---|
| Plan name | New medium-term management plan |
| Plan period | Fiscal year ending July 2027 to fiscal year ending July 2029 |
| Progress against the plan | Formulated |
| Operating profit margin target | Not disclosed → 30%+ |
| ROE target | 20%+ (previous target) → 20%+ (current target) |
| Segment target | Segment Electricity Platform / Indicator Net sales / Target ¥4,812 million / Target fiscal year Fiscal year ending July 2027, Segment Renewable Energy Platform / Indicator Net sales / Target ¥816 million / Target fiscal year Fiscal year ending July 2027, Segment AS business / Indicator Net sales / Target ¥2,043 million / Target fiscal year Fiscal year ending July 2027, Segment Other / Indicator Net sales / Target ¥294 million / Target fiscal year Fiscal year ending July 2027 |
| Non-financial targets | Indicator Total contracted capacity / Target CAGR of 30%+ from the fiscal year ending July 2027 to the fiscal year ending July 2029 / Timing Fiscal year ending July 2027 to fiscal year ending July 2029 |
| Key initiatives | Expand the sales pipeline from lead generation by upgrading marketing initiatives and strengthening outbound sales., Strengthen the development of new partners (exclusive distributors) and deepen relationships by supporting their launch., Strengthen the customer acquisition platform by expanding in the low-voltage corporate segment and establishing branches at regional locations., Further expand and promote the use of customized products employing financial techniques such as electricity futures and options., Establish an efficient organizational structure, select priority areas and allocate sales resources to regional locations, while continuing to recruit personnel., Promote lead generation by strengthening marketing initiatives., Focus on development to improve the visibility of deal progress and usability for deals matched through RE Bridge., Capture demand for renewable energy procurement with a focus on hourly matching following revisions to the GHG Protocol., Continue expanding power sources, including solar, wind, geothermal, hydroelectric and biomass, and focus on structuring large-scale projects through multi-offtake arrangements., Focus on structuring projects by expanding into the low-voltage segment and implementing matching functions., Commence commercial operation and ensure stable operations for projects for which investment decisions have been made., Structure large-scale projects, including extra-high-voltage projects. |
| Reason for revision or withdrawal | The target level was revised because depreciation expense will arise as the company expands its holdings of battery energy storage assets. Adjusted EBITDA margin was newly adopted as an indicator of the underlying profitability of the business excluding the impact of higher depreciation expense. The company intends to maintain high profitability even after making upfront investments in battery energy storage. Because the volume of electricity handled (kWh) is not an appropriate measure for the battery energy storage business, the metric was changed to total contracted capacity (kW). |
| Size of the Target Market | Power producer market size: approximately 710,000 sites; electricity customer market size: approximately 780,000 sites. Sources: Ministry of Land, Infrastructure, Transport and Tourism, Basic Survey of Corporate Land and Buildings 2023 (Table 48); Agency for Natural Resources and Energy, website for publication of information under the Act on Promotion of the Utilization of Electricity from Renewable Energy Sources (updated 20 August 2025). |
| Risks identified | Fluctuations in electricity procurement costs due to fuel prices and supply-demand conditions, Higher prices for FIT non-fossil certificates, Tightening of Scope 2 accounting rules, Changes to the market framework for supply-demand balancing, including lower price ceilings, Risk of higher electricity procurement costs due to heightened tensions in the Middle East and persistently high fuel prices, Disruption in the LNG market due to geopolitical risks, Risk to electricity supply-demand and grid stability due to output fluctuations accompanying the expansion of the renewable energy mix |
| Publication date | 10 September 2026 |
Items this document does not state (13)
Sales TargetOperating profit targetNet income targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorPlan assumptionsResults under the previous planDate 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 target operating margin was revised because depreciation expense will arise as the company expands its holdings of battery energy storage assets. Adjusted EBITDA margin was newly adopted as an indicator of the underlying profitability of the business excluding the impact of higher depreciation expense. Because the volume of electricity handled (kWh) is not an appropriate measure for the battery energy storage business, the metric was changed to total contracted capacity (kW).
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