West Holdings Corporation [1407.T]
TOKYO, Apr 14 (Pulse News Wire) – West Holdings Corporation (1407.T) adjusted its mid-year forecast for the fiscal year ending August 2026 due to delays in supply chain activities affecting sales revenue. According to the latest report released today, the company's operating profit fell short by approximately ¥540 million compared to previous expectations.
The primary cause was the inclusion of numerous projects scheduled to commence power generation post-April 2026, leading to a significant portion of the 400 solar power plant deliveries being postponed until the third quarter. Consequently, the company’s sales revenue did not meet initial projections.
In addition, increased logistical expenses associated with securing materials and delivering components for future completion projects exacerbated the shortfall. Despite these challenges, management anticipates that the backlog of completed but undelivered projects will be addressed in the latter half of the fiscal year, allowing the company to maintain its overall annual performance outlook unchanged.
West Holdings noted that while the immediate impact on profitability was negative, the strategic shift towards non-FIT solar development remains integral to their long-term growth strategy.
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