Worth reading
60In 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
100000
Millions of yen (target power plant AUM as of the end of December 2026)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Partially revisedWhat happened to the previous plan100,000 million yen → 91,774 million yen（-8.226%）-8.2%Calculated from the two disclosed figures
Investment amount by sectorField Perovskite solar power business (establishment of a showroom and manufacturing site) / Amount ¥860 million / Period Covered Not limited to the fiscal year ending December 2026; also includes the fiscal year ending December 2027 and beyond, Field Repowering and new development of Non-FIT/FIP models / Amount ¥680 million / Period Covered Not limited to the fiscal year ending December 2026; also includes the fiscal year ending December 2027 and beyond
Statements about the use of capital
Payout ratio / DOE policyFor the time being, the Company will prioritize strengthening its financial position and investing in business expansion. In the future, it will consider returning profits to shareholders while taking into account its operating results and financial position. The implementation and timing of dividends remain undecided at this time.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01① Expanding the financial consulting and asset management businesses
02② Increasing power generation and asset value through repowering
03③ Establishing a circular revenue model through the reuse and recycling of used panels
04④ Stabilizing earnings from the renewable energy business
05⑤ Building an individual investor base through crowdfunding
06⑥ Early commercialization of the perovskite solar power business
07⑦ Improving the profitability of the green recycling business (formerly the reuse business)
08⑧ Other
09Maintaining the competitiveness of the IT business
10Strengthening the financial base and improving capital efficiency
Plan assumptionsThe outlook is for growing opportunities amid shifts in U.S. policy, against a backdrop of rising power demand due to the spread of AI and the promotion of GX., The outlook is for rising power demand from data centers and other facilities as generative AI becomes more widespread and DX advances., The PHP framework market is forecast to grow at a compound annual growth rate of 12.9% from 2025 to 2032., Japan's renewable energy-related market is forecast to reach several trillion yen by 2025., The Seventh Basic Energy Plan targets a 73% reduction in greenhouse gas emissions in fiscal 2040 from fiscal 2013 levels.
Segment targetSegment Resources and Energy Business / Indicator Power plant AUM (assets under management) / Target ¥100,000 million / Timing As of the end of December 2026
Size of the Target MarketSubject Repowering market / Scale Approximately ¥5.2 trillion in total (approximately ¥2.9 trillion in the existing repowering market and approximately ¥2.3 trillion in the potential repowering market) / Growth rate Not disclosed / Source The Company's estimate based on data as of the end of December 2024 from the Agency for Natural Resources and Energy's "Status of Renewable Energy Introduction", Subject PHP framework market / Scale Not disclosed / Growth rate Compound annual growth rate of 12.9% from 2025 to 2032 / Source Not disclosed, Subject Domestic renewable energy-related market / Scale Several trillion yen by 2025 / Growth rate Not disclosed / Source Not disclosed
Risks identified by the company
Climate change risks
Disaster risks
Government policies
Risk of Fluctuations in Wholesale Electricity Trading Prices
Changes in the external environment
Risks from rising material costs
Risks related to IT systems and the technology environment
Securing human resources
Risks concerning the success or failure of new businesses
Descriptions of "securing reused products," "information security," "risks in material litigation and other proceedings," "funding," "shareholder value dilution," "laws and regulations," and "dividend policy" are omitted.
Reason for revision or withdrawal
The Company has partially revised its initial plan to establish new facilities and shifted its policy to prioritize accumulating actual examples of product implementation. As it is in the process of restructuring its business portfolio and transforming its earnings structure, it is difficult to reasonably calculate an earnings forecast for the fiscal year ending December 2026.
| Item | Details |
|---|---|
| Plan name | Strategy for the Fiscal Year Ending December 2026 and Beyond |
| Plan period | From the fiscal year ending December 2026 onward |
| Progress against the plan | Partially revised |
| Payout ratio / DOE policy | For the time being, the Company will prioritize strengthening its financial position and investing in business expansion. In the future, it will consider returning profits to shareholders while taking into account its operating results and financial position. The implementation and timing of dividends remain undecided at this time. |
| Investment amount by sector | Field Perovskite solar power business (establishment of a showroom and manufacturing site) / Amount ¥860 million / Period Covered Not limited to the fiscal year ending December 2026; also includes the fiscal year ending December 2027 and beyond, Field Repowering and new development of Non-FIT/FIP models / Amount ¥680 million / Period Covered Not limited to the fiscal year ending December 2026; also includes the fiscal year ending December 2027 and beyond |
| Segment target | Segment Resources and Energy Business / Indicator Power plant AUM (assets under management) / Target ¥100,000 million / Timing As of the end of December 2026 |
| Plan assumptions | The outlook is for growing opportunities amid shifts in U.S. policy, against a backdrop of rising power demand due to the spread of AI and the promotion of GX., The outlook is for rising power demand from data centers and other facilities as generative AI becomes more widespread and DX advances., The PHP framework market is forecast to grow at a compound annual growth rate of 12.9% from 2025 to 2032., Japan's renewable energy-related market is forecast to reach several trillion yen by 2025., The Seventh Basic Energy Plan targets a 73% reduction in greenhouse gas emissions in fiscal 2040 from fiscal 2013 levels. |
| Key initiatives | ① Expanding the financial consulting and asset management businesses, ② Increasing power generation and asset value through repowering, ③ Establishing a circular revenue model through the reuse and recycling of used panels, ④ Stabilizing earnings from the renewable energy business, ⑤ Building an individual investor base through crowdfunding, ⑥ Early commercialization of the perovskite solar power business, ⑦ Improving the profitability of the green recycling business (formerly the reuse business), ⑧ Other, Maintaining the competitiveness of the IT business, Strengthening the financial base and improving capital efficiency |
| Results under the previous plan | 100,000 million yen → 91,774 million yen（-8.226%） |
| Reason for revision or withdrawal | The Company has partially revised its initial plan to establish new facilities and shifted its policy to prioritize accumulating actual examples of product implementation. As it is in the process of restructuring its business portfolio and transforming its earnings structure, it is difficult to reasonably calculate an earnings forecast for the fiscal year ending December 2026. |
| Size of the Target Market | Subject Repowering market / Scale Approximately ¥5.2 trillion in total (approximately ¥2.9 trillion in the existing repowering market and approximately ¥2.3 trillion in the potential repowering market) / Growth rate Not disclosed / Source The Company's estimate based on data as of the end of December 2024 from the Agency for Natural Resources and Energy's "Status of Renewable Energy Introduction", Subject PHP framework market / Scale Not disclosed / Growth rate Compound annual growth rate of 12.9% from 2025 to 2032 / Source Not disclosed, Subject Domestic renewable energy-related market / Scale Several trillion yen by 2025 / Growth rate Not disclosed / Source Not disclosed |
| Risks identified | Climate change risks, Disaster risks, Government policies, Risk of Fluctuations in Wholesale Electricity Trading Prices, Changes in the external environment, Risks from rising material costs, Risks related to IT systems and the technology environment, Securing human resources, Risks concerning the success or failure of new businesses, Descriptions of "securing reused products," "information security," "risks in material litigation and other proceedings," "funding," "shareholder value dilution," "laws and regulations," and "dividend policy" are omitted. |
| Publication date | 31 March 2026 |
Items this document does not state (12)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planNon-financial targetsDate 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 earnings forecast for the fiscal year ending December 2026 is undecided because the Company is in the process of restructuring its business portfolio and transforming its earnings structure, making it difficult to reasonably calculate an earnings forecast at this time. In the perovskite business, the Company has also revised part of its initial plan to establish new facilities and shifted its policy to prioritize accumulating actual examples of product implementation.
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.