Q1 2027 Consolidated Financial Results [Japanese GAAP] (Combined)

Overview of performance

In the first quarter of this period, net sales were 4,771,735千円 (up 69.9% YoY), operating income was 510,447千円, ordinary income was 483,844千円, and net income attributable to owners of the parent was 296,352千円, marking a substantial improvement. The primary drivers were growing demand for clean energy solutions centered on grid-scale energy storage systems and optimized resource allocation in line with the mid-term plan. The inclusion of LLC CC in the consolidated scope also contributed. The full-year outlook may be revised upward.

Financial position and cash flow

Current assets stood at 17,346,078千円, an increase of about 4,028,089千円 from the end of the prior period. The main factors were increases in deposits and in real estate for sale and work in process. Liabilities rose to 14,785,268千円, with increases in accounts payable, short-term borrowings, and advances received impacting the balance. Net assets were 5,827,385千円, increasing due to recognition of quarterly net income. Cash holdings show a downward trend, reflecting funding needs for business expansion.