Kaihan Reports Mixed Financial Results Amid Challenges

TOKYO, Jun 30 (Pulse News Wire) – Kaihan CO.,LTD. (3133.T) reported mixed financial results for the fiscal year ending March 2026, with operating profit declining to 1,438 million yen compared to the previous year's loss.

Despite challenges, the company completed the acquisition of small-scale solar power equipment and plans further expansion in renewable energy projects. However, delays in funding led to reduced project completion rates, impacting revenue growth. In addition, the company faced significant setbacks due to regulatory changes in Nepal, leading to a temporary halt in hydroelectric projects and subsequent special losses. A joint venture with GreenRock Energy Co., Ltd.

Was established in January 2026, aiming to develop renewable energy initiatives. However, ongoing negotiations with Taiwanese semiconductor manufacturers for data center PPAs remain pending. Despite these hurdles, Kaihan secured financing through various means, including issuing convertible bonds and subscription warrants, to support operational needs and future investments. The company also acquired a majority stake in retail electricity provider Donkuri Electric Power, enhancing its position in the sector.

Looking ahead, Kaihan continues to focus on diversifying its operations and improving profitability through strategic partnerships and technological advancements.