UNIVA Oak Holdings Limited [3113.T]
TOKYO, May 15 (Pulse News Wire) – UNIVA Oak Holdings Limited (3113.T) reported a revenue decline of -¥986 million compared to the previous fiscal quarter, marking a decrease of 11.2%. However, operating profit improved significantly to ¥103 million, up from a loss of -¥687 million in the same period last year.
In its renewable energy division, the company faced challenges due to changes in major client strategies and delays in subsidy applications, leading to a sales drop to ¥682 million, down 31.2% year-over-year. Despite these setbacks, the firm plans to expand into high-voltage projects and system battery storage initiatives in the upcoming fiscal year. Meanwhile, the beauty and healthcare sector saw a modest recovery with revenues reaching ¥570 million, down 15.4%, thanks to cost-cutting measures and reduced promotional expenses.
The trading business also showed promising results, achieving a steady start with revenues of ¥570 million and operational profits of ¥7 million. Looking ahead, UNIVA Oak aims to bolster its renewable energy efforts through unified management and strategic shifts towards higher voltage projects. In the beauty and healthcare segment, the focus remains on expanding the market presence of waterless products.
Additionally, the growth support division plans to finalize the formation of its first fund and pursue more deals in the coming quarters.
🔴 Confidence: Review recommended AI-translated content.