ENERGY POWER CO.,Ltd. [144A.T]
TOKYO, Jun 11 (Pulse News Wire) – ENERGY POWER CO.,Ltd. (144A.T) announced today that its board of directors resolved to amend certain contract details due to changes in project timelines.
Originally, the company had shifted the primary revenue recognition period from the fiscal year ending August 2025 to August 2026, based on previous updates made on May 16, 2025. However, recent developments in Middle Eastern conditions have led to reconsideration of the project's implementation timeline, necessitating another adjustment. Under the revised plan, the main revenue recognition period is now unspecified pending further negotiations. Previously, it was set for the fiscal year ending August 2026.
The company stated that once the final agreement on the construction schedule is reached, it will update stakeholders accordingly. Regarding future outlook, ENERGY POWER CO.,Ltd. is currently assessing the impact of these changes on its performance alongside other factors. In addition, the firm previously disclosed plans to transition to consolidated financial reporting starting from the fiscal year ending August 2026, as detailed in its April 14, 2026 announcement.
The company noted that it remains in the process of determining the consolidated earnings forecast, which will be communicated upon completion of the assessment.
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