JUSTPLANNING INC. (TSE: 4287) is getting out of solar power entirely. The Tokyo Standard Market-listed company said its wholly owned subsidiary, JP Power, will sell all three of its solar plants, two in Tochigi Prefecture and one in Miyagi, to Tokyu Fudosan, part of the Tokyu Fudosan Holdings group. The transfer price and some contract terms are being withheld under the deal's confidentiality arrangements, and the two companies have no capital, personnel or trading ties. The board approved the sale on September 16, 2026, with the transfer expected to close on September 30. From October 1, JUSTPLANNING's solar segment stops operating altogether.
The accounting math is where this gets interesting. The same day it announced the sale, JUSTPLANNING revised its full-year earnings guidance for the year ending January 31, 2027. The company expects to book a ¥293mn special gain in its third quarter, mostly from disposing of the fixed assets tied to the solar equipment. That gain is large enough to lift net profit attributable to owners of the parent by ¥190mn, to a revised ¥670mn, a 39.6% jump from the prior ¥480mn forecast. Earnings per share rises to ¥54.62 from ¥39.25.
| Metric | Previous forecast | Revised forecast | Change |
|---|---|---|---|
| Net sales | ¥2.75bn | ¥2.73bn | -¥25mn (-0.9%) |
| Operating profit | ¥690mn | ¥683mn | -¥7mn (-1.0%) |
| Ordinary profit | ¥692mn | ¥685mn | -¥7mn (-1.0%) |
| Net profit (parent) | ¥480mn | ¥670mn | +¥190mn (+39.6%) |
| EPS | ¥39.25 | ¥54.62 | +¥15.37 |
Strip out the one-off gain, though, and the underlying business is smaller, not bigger. Net sales guidance was cut by ¥25mn to ¥2,728mn (a 0.9% reduction), while both operating profit and ordinary profit were trimmed by ¥7mn each, to ¥683mn and ¥685mn respectively. That reflects four months of lost solar contribution, from the October cessation date through the end of January. The segment was not trivial: it generated ¥59.4mn of segment profit on ¥99.3mn of revenue for the full year to January 2026, and ¥37.6mn of profit on ¥57.5mn of revenue in just the first half to July 2026.
JUSTPLANNING says it plans to redirect resources toward AI and data science instead. For now, the numbers tell a simple story: a profitable but small power business has been swapped for a one-time accounting gain, and the forecast increase in net profit says more about the sale than about how the rest of the company is actually performing this year.