Green Energy & Company delivered a striking annual jump in revenue and profit, helped by growth in its grid-connected battery business. Revenue for the year ended April 30 rose to ¥18,358mn, up 58.0%, while operating profit climbed 119.3% to ¥1,191mn. Ordinary profit rose 152.3% to ¥1,029mn and net profit attributable to owners reached ¥500mn, up 81.6%. In its presentation, management said the battery business was the main driver, and the full-year result landed close to, or slightly ahead of, its own updated plan: revenue reached 99.8% of target, operating profit 103.6%, and net profit 100.0%.
| Metric | Year to Apr. 2025 | Year to Apr. 2026 | Change |
|---|---|---|---|
| Revenue | ¥11,616mn | ¥18,358mn | +58.0% |
| Operating profit | ¥543mn | ¥1,191mn | +119.3% |
| Ordinary profit | ¥408mn | ¥1,029mn | +152.3% |
| Net profit attributable to owners | ¥275mn | ¥500mn | +81.6% |
The battery angle is what made the release more than a simple good year. In the presentation, Green Energy said revenue in its combined solar-and-battery development business rose to ¥7,277mn and segment operating profit, before common-cost allocation, to ¥763mn. The company sold five grid-connected battery projects in the year, versus none a year earlier. That helped offset a fall in solar plot sales to 191.67 from 341.00. Its O&M and power-generation business also expanded sharply, with revenue up 290.0% to ¥3,685mn and managed assets edging up to 1,909 from 1,893.
Cash flow improved almost as sharply as profit. Operating cash flow swung to an inflow of ¥1,318mn from an outflow of ¥961mn a year earlier, lifting year-end cash and equivalents to ¥2,085mn from ¥911mn. The earnings release says the main pushes came from profit and lower inventory, partly offset by higher trade receivables. The presentation adds that inventory compression and higher customer advances in the battery business helped free up investment capacity. Total assets rose to ¥16,540mn, while the equity ratio slipped to 34.3% from 39.0% as the balance sheet expanded.
Management is guiding for another step up. For the current year, Green Energy forecasts revenue of ¥21,500mn, operating profit of ¥1,450mn, ordinary profit of ¥1,300mn and net profit of ¥800mn. The presentation says that plan already factors in some delay risk in utility grid-connection procedures, which is a useful reminder that the next leg of growth still depends on infrastructure and approvals moving on time. Separately, the company corrected a prior third-quarter earnings summary and an earlier stock-split notice on June 9 after finding an error in issued-share counts, and re-sent the XBRL data.