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RENOVA shares surge on significant upward revision to net profit forecast
RENOVA,Inc. <9519> surged. After the close of trading on the 27th last week, the company announced a significant upward revision to its consolidated earnings forecast for the fiscal year ending March 2026, raising its net profit projection from \1.5 billion to \2.8 billion (up 4.2% year-on-year). The increase is attributed to higher development fees and gains from fair value evaluation of options in the battery storage business. This news has been viewed positively by the market.
Meanwhile, RENOVA revised its revenue forecast downward from \90.5 billion to \87.9 billion (up 25.1% year-on-year), and its operating profit forecast from \9.3 billion to \8.0 billion (up 96.8% year-on-year). These revisions reflect the impact of the operational suspension at the Omaezaki Port Biomass Power Plant.
Source: MINKABU PRESS
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