TOKYO, May 14 (Pulse News Wire) – Renova,inc. (9519.T) reported robust financial results for the fiscal quarter ending March 2026, marking significant growth compared to the previous year.
Revenue reached ¥87.622 billion, while EBITDA stood at ¥30.50 billion and operating profit was ¥8.283 billion. Notably, the company made a final investment decision and commenced construction on its Kikugawa Nishimura battery storage facility, which is set to be operational by 2028 and represents the largest market-selling project domestically. RENova also highlighted progress on several large-scale battery projects scheduled for completion within the next few years.
By 2030, these initiatives are expected to contribute an additional ¥65 to ¥75 billion in EBITDA. Additionally, the company secured power purchase agreements (PPAs) for two wind farms in Kyushu and Aomori Prefectures, further solidifying its renewable energy portfolio. Looking ahead, RENOVA forecasts continued revenue and profit growth for the fiscal year ending March 2027, anticipating a substantial increase in operating profit to ¥11.30 billion.
The company’s strategic focus remains on expanding its battery storage capacity and developing new renewable energy projects across Japan and Asia, positioning itself as a leader in sustainable energy solutions.
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