Revised forecast
Fiscal year ending March 2027 · Cumulative first quarterOperating revenue increased as electricity prices surged in response to sharp rises in crude oil, natural gas and other prices due to heightened tensions in Iran. However, earnings deteriorated mainly due to the impact of hedging gains on electricity futures transactions having been recognized ahead of time in the previous fiscal year. Revenue from the grid-scale battery storage business will be recognized in the second quarter and is therefore not reflected in the preliminary figures.
| Item | Details |
|---|---|
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Cumulative first quarter |
| Previous-period results | Operating revenue ¥4,389 million, operating profit ¥2 million, ordinary loss ¥10 million, quarterly net loss attributable to owners of the parent ¥17 million |
| Reason for the revision | Operating revenue increased as electricity prices surged in response to sharp rises in crude oil, natural gas and other prices due to heightened tensions in Iran. However, earnings deteriorated mainly due to the impact of hedging gains on electricity futures transactions having been recognized ahead of time in the previous fiscal year. Revenue from the grid-scale battery storage business will be recognized in the second quarter and is therefore not reflected in the preliminary figures. |
| Consolidated / non-consolidated | Consolidated |
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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.Operating revenue increased as electricity prices surged against the backdrop of sharp rises in crude oil, natural gas and other prices due to heightened tensions in Iran. Meanwhile, the Company recorded an operating loss and an ordinary loss, mainly due to the impact of hedging gains alone having been recognized ahead of time in the previous fiscal year in the electricity trading-related business. In addition, revenue from the grid-scale battery storage business will be recognized in the second quarter and is therefore not reflected in the preliminary figures.