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RENOVA ( (JP:9519) ) has issued an announcement.
Renova reported strong results for the fiscal year ended March 31, 2026, with revenue up 24.7% to ¥87.6 billion and operating profit more than doubling, aided by higher EBITDA and contributions from equity-method investments. Profit attributable to owners rose 23.1% to ¥3.3 billion, comprehensive income surged, and the company’s equity ratio improved to 20.1%, even as it maintained a zero-dividend policy and modest cash balances.
The balance sheet expanded to ¥611.5 billion in total assets, reflecting growth in its power generation portfolio and the consolidation of Karatsu Biomass Energy G.K. as a new significant subsidiary. For the year to March 2027, Renova forecasts further revenue and profit gains, targeting ¥95.7 billion in sales and a 36.5% rise in operating profit, signaling continued expansion in its renewable energy operations despite only marginal growth expected in net profit per share.
More about RENOVA
Renova, Inc. is a Tokyo-listed company focused on renewable energy, including biomass power generation and related clean power projects. Operating under International Financial Reporting Standards, it positions itself as a player in Japan’s decarbonization drive, deriving revenues mainly from electricity generation and associated services in the domestic market.
Average Trading Volume: 1,519,219
Technical Sentiment Signal: Hold
Current Market Cap: Yen113.1B
For an in-depth examination of 9519 stock, go to TipRanks’ Overview page.