GreenEnergy & Company, the Tokyo Stock Exchange Growth-listed developer of solar plants and grid-connected battery storage, told the market on September 8 that it is raising its profit outlook for the year to April 2027 without changing a single yen of its sales forecast. Full-year sales guidance stays at ¥21.5bn, exactly what the company said in June. Full-year operating profit guidance rises to ¥1.74bn from ¥1.45bn, a 20.0% increase, and net profit attributable to owners rises to ¥960mn from ¥800mn, also up 20.0%.
| Metric | Previous Forecast | Revised Forecast | Change |
|---|---|---|---|
| Interim operating profit | ¥600mn | ¥800mn | +33.3% |
| Interim net profit | ¥310mn | ¥440mn | +41.9% |
| Full-year operating profit | ¥1.45bn | ¥1.74bn | +20.0% |
| Full-year net profit | ¥800mn | ¥960mn | +20.0% |
The interim (first-half) numbers move even more: operating profit guidance jumps 33.3% to ¥800mn and net profit guidance jumps 41.9% to ¥440mn, both against unchanged half-year sales of ¥10.0bn. GreenEnergy says it had deliberately lowballed its own cost assumptions at the start of the year, pricing in conservative estimates for battery components and construction work given uncertainty in its grid-scale storage pipeline. Those costs came in lower than planned as the company optimized its procurement structure and made its construction process more efficient, lifting gross margin. Separately, a push into digital tools and revised internal processes cut selling, general and administrative expenses below plan.
The first-quarter results released the same day show why management felt confident enough to revise so early in the year. Consolidated revenue for the three months to July was ¥4.77bn, up 70.0% year-on-year, and operating profit was ¥510mn against just ¥5mn a year earlier, pushing the operating margin from 0.2% to 10.7%. The grid-scale storage segment alone generated ¥1.96bn of that revenue and ¥417mn of profit, and now accounts for more than 40% of the company's total sales mix. Net profit attributable to owners swung to ¥296mn from a ¥10mn loss in the prior-year quarter.
The company's actual results for the year ended April 2026 showed sales of ¥18.36bn and operating profit of ¥1.19bn, the baseline against which this year's guided growth is measured. Whether the procurement and construction efficiencies that lifted this quarter's margin persist as GreenEnergy scales its storage pipeline toward its own 1,000-megawatt-hour target for 2029 is the next test.