GreenEnergy & Company plans 22% operating profit increase for fiscal year ending April 2027, accelerating grid-scale battery storage development
GreenEnergy & Company Inc. <1436> released its full-year earnings forecast for the fiscal year ending April 2027 after Tuesday's close, alongside its consolidated financial results for the fiscal year ended April 2026. The firm projects revenue of 21.50 billion yen, up 17.10% year-on-year, and operating profit of 1.45 billion yen, up 21.70%. GreenEnergy & Company aims to boost revenue by accelerating the development of grid-scale battery storage facilities, while transitioning to a management approach that emphasizes profitability-driven growth. The firm plans a year-end dividend of 6 yen, representing a 1 yen increase on a post-split basis following a 3-for-1 stock split effective May 1, 2026.
For the fiscal year ended April 2026, revenue reached 18.36 billion yen, up 58.00% year-on-year, while operating profit surged 2.2-fold to 1.19 billion yen. The grid-scale battery storage business drove the firm's performance.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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