TOKYO, Mar 27 (Pulse News Wire) – Renova,inc. (9519.T) revised its fiscal year 2026 (April 1, 2025 to March 31, 2026) consolidated earnings forecast based on recent performance trends.
The company expects lower revenues and EBITDA due to operational halts at the Omaezaki Port, but higher profits from increased development revenues and valuation gains in storage projects. According to the latest figures, RENOVA now forecasts consolidated sales of ¥87.9 billion, down from the previous estimate of ¥90.5 billion. EBITDA is expected to decrease to ¥23.3 billion from ¥24.6 billion previously. Operating profit is projected at ¥1.5 billion, up from ¥1.2 billion earlier.
Basic earnings per share are anticipated to rise to ¥179.97 from ¥165.59. Key factors affecting the revision include: - Revenue loss due to maintenance work at Omaezaki Port (--¥3 billion) - Increased development fees related to energy storage projects (¥200 million) - Other adjustments (¥200 million) Additionally, the company noted positive impacts from revaluation gains associated with the merger of Kanzai Biomass Energy Co., Ltd., and higher option fair value assessments in storage ventures. RENova's CFO, Yoshihiro Yamaguchi, stated that while the port shutdowns negatively impacted revenue, strategic investments and cost reductions have bolstered profitability expectations. (Note: All figures are subject to change based on future developments.).
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