REVO International Inc. [5022.T]
TOKYO, Apr 13 (Pulse News Wire) – REVO International Inc. (5022.T) reported a non-consolidated operating revenue increase due to the recognition of a government grant received during its fiscal first half ending April 13, 2026.
The company secured the grant, known as the Aichi Prefecture New Creation Industry Site Assistance Fund (Type B), which was awarded in the 2023 application cycle. Specifically, REVO International recognized ¥133.8 million as non-operating income in the six-month period from April 1, 2026, to September 30, 2026. Regarding future outlook, CFO Keiko Moritani stated that this grant will be reflected in the consolidated financial statements for the fiscal year ending March 31, 2027.
However, she noted that the impact of this revenue has already been incorporated into the annual forecast, thus having no effect on projected earnings. --- REVO International's Nagoya-based Chikusa Factory, completed in April 2025, primarily manufactures C-Fuel (fatty acid methyl ester). The factory’s operations align with the objectives set forth by the Aichi Prefecture grant program aimed at fostering industrial development.
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