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West Holdings targets record profit for fiscal year after two-year hiatus

Fri May 1, 2026 10:00 am JST Catalyst

West Holdings corporation <1407> is a major renewable energy company. The company operates a wide range of businesses centered on solar power installation and maintenance, including grid-connected battery storage development, energy-saving services, and electricity retail. As the Middle East situation has highlighted the risks of dependence on fossil fuels such as oil and natural gas, there is growing demand for energy diversification, with renewable energy seen as one key option. Expectations are high for the company's performance.

In terms of earnings, West Holdings forecasts operating profit of 11,376 million yen for the full fiscal year ending August 2026, up 31.6% from the previous year. This would mark a return to record-high profit for the first time in two years. While the first-half results (1,301 million yen) showed low progress, this was due to the delivery of approximately 400 power plants being pushed back to the third quarter and beyond, and the company has maintained its full-year plan. Since the first-half earnings announcement in April, the stock price has rapidly strengthened.

Source: MINKABU PRESS

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

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