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Green Earth Institute surges on upbeat interim results following early project completion with Daio Paper

Mon Apr 27, 2026 12:51 pm JST Catalyst

Green Earth Institute <9212> rebounded sharply, marking its first gain in four sessions. The company announced during the morning session that its standalone interim results for the period ending March are expected to significantly exceed initial forecasts. Revenue is now projected at 240 million yen (up 0.4% year-on-year), compared with a previous forecast of 101 million yen. Operating loss is expected to narrow to 186 million yen from an initially projected loss of 315 million yen, compared to a 133 million yen loss in the same period last year. Net loss is also expected to improve to 192 million yen from 317 million yen, versus a 134 million yen loss a year earlier.

The upside was attributed to the early completion and acceptance of a joint development project with Daio Paper <3880> involving biofuels and resin materials. Revenue recognition for the project, originally scheduled for the third quarter, was pulled forward into the interim period.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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