RENOVA Inc (JP:9519)
:9519
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RENOVA
(9519)
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Rating:62Neutral
Price Target:
¥1,380.00
▲(114.95% Upside)
Action:Reiterated
Date:05/15/26
The score is driven primarily by mixed financial performance: strong revenue step-up and improved free cash flow are tempered by high leverage and materially weaker profitability versus prior years. Technicals add support due to strong momentum and price strength above key moving averages, while valuation is only moderate with no dividend yield provided.
Positive Factors
Revenue Acceleration
A large step-up in 2026 revenue indicates successful project commissioning and higher generation volumes; combined with RENOVA’s PPA-driven sales model this supports more stable long-term cash inflows and scale benefits that strengthen the core business durability.
Negative Factors
High Leverage
Even after improvement, debt-to-equity near 2.8x leaves RENOVA highly sensitive to interest rates and execution risks; in a capital-intensive industry this level can constrain investment, increase financing costs, and amplify downside if cash flow weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Acceleration
A large step-up in 2026 revenue indicates successful project commissioning and higher generation volumes; combined with RENOVA’s PPA-driven sales model this supports more stable long-term cash inflows and scale benefits that strengthen the core business durability.
Read all positive factors
RENOVA (9519) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥114.63B
Dividend YieldN/A
Average Volume (3M)560.25K
Price to Earnings (P/E)22.9
Beta (1Y)1.16
Revenue Growth24.74%
EPS Growth22.82%
CountryJP
Employees287
SectorReal Estate
Sector Strength53
IndustryRenewable Utilities
Share Statistics
EPS (TTM)36.59
Shares Outstanding91,252,300
10 Day Avg. Volume466,670
30 Day Avg. Volume560,246
Financial Highlights & Ratios
PEG Ratio1.01
Price to Book (P/B)0.62
Price to Sales (P/S)0.86
P/FCF Ratio3.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥760.00Price Target Upside18.38% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)24.6
Revenue Forecast (FY)¥98.33B
RENOVA Business Overview & Revenue Model
Company Description
RENOVA, Inc. operates in the renewable energy industry in Japan. It operates through Renewable Energy Power Generation Business and Renewable Energy Development and Operation Business segments. The Renewable Energy Power Generation Business segmen...
How the Company Makes Money
RENOVA generates revenue primarily through the production and sale of electricity generated from its renewable energy power plants. The company receives income by selling electricity to utilities and other customers through long-term power purchas...
RENOVA Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
41
Neutral
Cash Flow
70
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 87.62B | 70.25B | 44.75B | 33.58B | 29.34B |
| Gross Profit | 24.09B | 17.65B | 27.34B | 23.61B | 22.29B |
| EBITDA | 25.17B | 25.47B | 26.88B | 17.15B | 18.53B |
| Net Income | 3.31B | 2.69B | 8.86B | 2.68B | 1.58B |
Balance Sheet | |||||
| Total Assets | 611.46B | 529.81B | 465.16B | 303.38B | 296.22B |
| Cash, Cash Equivalents and Short-Term Investments | 85.80B | 87.47B | 66.49B | 49.63B | 44.28B |
| Total Debt | 340.80B | 332.92B | 306.87B | 206.08B | 207.10B |
| Total Liabilities | 425.58B | 396.63B | 359.70B | 238.65B | 243.78B |
| Stockholders Equity | 122.85B | 88.87B | 67.77B | 42.95B | 31.89B |
Cash Flow | |||||
| Free Cash Flow | 22.86B | 23.00B | 2.82B | -804.00M | -3.35B |
| Operating Cash Flow | 28.27B | 31.50B | 18.73B | 10.13B | 12.15B |
| Investing Cash Flow | -12.30B | -16.50B | -24.35B | -9.33B | -18.52B |
| Financing Cash Flow | -16.85B | -8.29B | 1.38B | 3.03B | 3.37B |
RENOVA Technical Analysis
Positive
642.00
Price Trends
967.72
Positive
832.68
Positive
831.34
Positive
Market Momentum
100.93
Negative
60.83
Neutral
71.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9519, the sentiment is Positive. The current price of 642 is below the 20-day moving average (MA) of 1150.80, below the 50-day MA of 967.72, and below the 200-day MA of 831.34, indicating a bullish trend. The MACD of 100.93 indicates Negative momentum. The RSI at 60.83 is Neutral, neither overbought nor oversold. The STOCH value of 71.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9519.
RENOVA Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | ¥114.63B | 22.90 | 7.71% | ― | 24.74% | 22.82% | |
58 Neutral | ¥767.41B | 13.31 | 7.17% | 3.22% | -10.21% | -35.69% | |
53 Neutral | ¥69.75B | 14.15 | ― | 1.79% | -1.20% | 115.90% | |
50 Neutral | ¥190.27B | -11.24 | 13.70% | 2.36% | -5.11% | -31.49% | |
49 Neutral | ¥317.03B | -53.90 | 12.27% | 3.23% | -5.68% | -30.36% | |
49 Neutral | ¥48.83B | -2.83 | 4.73% | 2.31% | -6.92% | 44.23% |
* Real Estate Sector Average
JP:9519
RENOVA
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97.73%
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RENOVA Corporate Events
RENOVA Issues Cautious Briefing on Fiscal 2026 Financial Results
May 13, 2026
RENOVA has released a briefing document outlining its financial results for the fiscal year ending March 2026, framed as general corporate information rather than an offer to buy its securities. The company emphasizes that its data on industry tre...
Renova Outlines Assumptions and Risks Behind FY2026 Outlook
May 13, 2026
Renova has released supplementary material outlining its financial results forecast for the fiscal year ending March 2026. The document provides corporate information and discusses assumptions around industry trends, energy policy, permitting, and...
Renova Lifts Earnings and Strengthens Balance Sheet on Renewable Expansion
May 13, 2026
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 attributa...
RENOVA Says Karumai West Solar Outage Has Limited Impact on Earnings Outlook
May 13, 2026
RENOVA has disclosed that its Karumai West Solar Power Plant, owned via subsidiary Karumai West Solar G.K., has been offline since April 22, 2026, after an equipment anomaly near the grid interconnection point led to the discovery of a defect in i...
RENOVA Expands Stock Compensation Plan for External Directors to Deepen Shareholder Alignment
May 13, 2026
RENOVA will maintain and partially revise its non-performance-based stock compensation plan for external directors, increasing the maximum trust contribution for acquiring shares from 50 million yen to 60 million yen and doubling the cap on shares...
RENOVA sharpens long-term incentives with expanded performance-based stock plan
May 13, 2026
RENOVA has decided to continue and revise its performance-based stock compensation plan for internal directors and executive officers at the parent and subsidiaries, strengthening the link between management pay, long-term performance and sharehol...
Renova Keeps Core Leadership as It Sets New Governance and Management Structure
May 13, 2026
Renova has announced a slate of personnel changes, primarily centered on the reappointment of its existing directors, including Chairman Koichi Kawana and Representative Director, President and CEO, and Founder Yosuke Kiminami. The proposed board ...
RENOVA Issues Cautious Supplement on FY2026 Financial Outlook
May 13, 2026
RENOVA has released supplementary material on its financial results for the fiscal year ending March 2026, outlining corporate information and key data about the RENOVA Group’s operations. The document emphasizes that industry and market inf...
Renova Delivers Profit Surge and Higher Equity as It Targets Further Growth in FY2027
May 13, 2026
Renova reported strong results for the year to March 31, 2026, with revenue up 24.7% to ¥87.6 billion and operating profit more than doubling to ¥8.3 billion, driven by higher EBITDA and contributions from equity-method investments. Prof...
Renova Says Solar Plant Outage Will Have Only Minor Impact on Earnings
May 13, 2026
Renova has disclosed that its Karumai West Solar Power Plant, owned through subsidiary Karumai West Solar G.K., halted operations on April 22, 2026 after an anomaly near the grid interconnection point revealed a defect in power receiving and trans...
Renova to Expand Stock-Based Compensation Plan for External Directors
May 13, 2026
Renova’s board has approved a partial revision and continuation of its non-performance-based stock compensation plan for external directors, which will be submitted for shareholder approval at the June 2026 annual meeting. The plan is design...
Renova to Expand Performance-Based Stock Compensation Tied to Renewable Growth
May 13, 2026
Renova has resolved to continue and partially revise its performance-based stock compensation plan for internal directors and executive officers at the parent and subsidiary levels. The plan, structured through a share delivery trust, is designed ...
Renova Maintains Core Leadership While Strengthening Independent Oversight
May 13, 2026
Renova has announced a slate of personnel changes, centered on the reappointment of its existing board members, including Chairman Koichi Kawana and Representative Director, President and CEO, and Founder Yosuke Kiminami. The proposed structure, t...
RENOVA Lifts Power Sales in March as Output Curtailment Impact Stays Limited
Apr 13, 2026
RENOVA reported March 2026 electricity sales of 318,042,714 kWh from its renewable power portfolio in Japan, exceeding its internal plan by 5.4% and marking a 50.8% year-on-year increase. For the fiscal year ended March 31, 2026, total electricity...
Renova Secures Financing for One of Japan’s Largest Merchant Battery Projects
Mar 31, 2026
RENOVA has secured project financing from SBI Shinsei Bank for the R1 Energy Storage Facility in Kikugawa City, Shizuoka Prefecture, a 90MW/270MWh merchant storage battery project that ranks among the largest of its kind in Japan. Building on its ...
Renova Reshapes Finance and Global Business Leadership Ahead of FY2026
Mar 27, 2026
Renova has announced personnel changes effective April 1, 2026, aimed at strengthening its financial governance and international expansion capabilities. Chief Financial Officer Kazushi Yamaguchi will expand his remit to oversee both the Finance ...
RENOVA Secures ¥3 Billion Syndicated Loan to Fuel Renewable Energy Expansion
Mar 27, 2026
RENOVA has signed a 3 billion yen syndicated loan agreement arranged by The Chiba Bank and joined by several regional banks under the TSUBASA Alliance, securing long-term funds to support its future business development. By expanding its corporate...
Renova Cuts Revenue Outlook but Lifts Profit Forecast on Storage Battery Gains
Mar 27, 2026
Renova revised its full-year consolidated forecast for the fiscal year ending March 31, 2026, trimming revenue, EBITDA, and operating profit as the suspension of operations at the Omaezakikou Biomass Power Plant weighs on its top line. Despite the...
RENOVA’s February Power Sales Rise Year on Year Despite Output Curtailments
Mar 12, 2026
RENOVA reported February 2026 electricity sales of 272.6 million kWh from 13 solar, seven biomass and one geothermal plant in Japan, 7.4% below its internal plan but up 47.1% year on year, reflecting the impact of newly added biomass capacity and ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.