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PowerX (485A) investor relations material
PowerX Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved year-over-year revenue and profit growth in Q1 FY2026, with revenue up 10.6% to ¥1,945 million and improved operating and net losses compared to the same quarter last year.
Order backlog as of May 2026 reached ¥89.0 billion, up ¥8.9 billion since February, covering nearly all of the FY2026 sales forecast.
Production progress for the full year stands at 34%, with manufacturing proceeding steadily and no capacity concerns.
Strong market tailwinds in Japan and overseas, with new product launches and global expansion initiatives underway.
The business environment is favorable for energy storage, driven by government policy and increased demand for grid-connected storage systems.
Financial highlights
Q1 FY2026 revenue: ¥1,945 million (+10.6% YoY); gross profit: ¥673 million (+21.7% YoY); gross margin: 34.6%.
Operating loss improved to ¥697 million (from ¥803 million YoY); EBITDA loss improved to ¥551 million.
Loss attributable to owners improved to ¥1,007 million (from ¥1,222 million YoY); basic earnings per share at ¥-26.82.
SG&A expenses contained at ¥1,370 million (+1% YoY), with disciplined cost control.
Total assets at March 31, 2026, were ¥24,608 million, with net assets at ¥7,935 million after new share issuance and subsidiary capital increases.
Outlook and guidance
Order backlog (signed and probable) covers 99.7% of the full-year net sales forecast, indicating strong visibility for meeting guidance.
FY2026 order backlog at ¥37.9 billion (+96% YoY); FY2027 backlog already at ¥42.1 billion, with further upside expected.
Full-year FY2026 net sales forecast is ¥38,000 million, with EBITDA expected between ¥-3,000 million and ¥2,000 million, and profit attributable to owners of parent between ¥-1,500 million and ¥1,000 million.
Revenue and deliveries expected to be heavily weighted toward the second half due to customer budgeting cycles and subsidy deadlines.
No changes to the previously announced forecast.
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