Japan's day, wrapped and delivered by morning.
Latest Tokyo Brief coverage on TAMAGAWA HOLDINGS CO.,LTD., tracking filings, financial news, and market signals from Japan.
TSE:6838
A small Tokyo-listed renewables holding company connected its ¥684mn, 8 MWh battery station in Fukuoka to Kyushu Electric's grid on July 1, ahead of schedule, and is now angling for a spot in Japan's balancing market once the August handover closes.
The company raised revenue guidance to ¥6,950 million from ¥6,620 million and business profit to ¥820 million from ¥560 million on stronger electronics orders and smooth production. But the larger jump in profit attributable to owners, to ¥1,835 million from ¥730 million, also reflects April-end valuation gains on a Singapore-listed holding that will be remeasured each quarter.