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TESS Holdings Co., Ltd. ( (JP:5074) ) has issued an update.
TESS Holdings Co., Ltd. announced that its subsidiary, TESS Engineering, has secured a significant order for the EPC of power storage plants for power grids, specifically for the Shizuoka Kikugawa Power Storage Plant. This order, valued at approximately 5.0 billion yen, aligns with the company’s strategic focus on power-storage system-related business, as outlined in their medium-term management plan. The project is expected to be completed by March 2027, with revenue recognized from fiscal year 2026 to 2027, and no immediate impact on the fiscal year 2025 financial results.
More about TESS Holdings Co., Ltd.
TESS Holdings Co., Ltd. operates in the energy sector, focusing on renewable energy, energy efficiency, and intelligent energy infrastructure. The company provides EPC services for energy plants and utility equipment and engages in the ownership, operation, and sale of renewable energy power plants.
YTD Price Performance: 3.24%
Average Trading Volume: 492,055
Technical Sentiment Signal: Buy
Current Market Cap: Yen20.21B
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