West Holdings Corporation (1407) Q1 2026 earnings summary

Executive summary

• Revenue increased 11.1% year-over-year to ¥5,847 million, but operating profit declined 37.8% to ¥137 million and a net loss attributable to shareholders of ¥209 million was recorded, compared to a ¥122 million loss last year.

• The company is focusing on expanding non-FIT solar and grid storage businesses, with a strategic shift of resources to grid storage development.

Financial highlights

• Revenue: ¥5,847 million (up 11.1% YoY).

• Operating profit: ¥137 million (down 37.8% YoY).

• Ordinary loss: ¥288 million (vs. ¥105 million profit last year).

• Net loss attributable to shareholders: ¥209 million (vs. ¥122 million loss last year).

• Comprehensive loss: ¥77 million (improved from ¥125 million loss last year).

Outlook and guidance

• Full-year revenue forecast: ¥54,460 million (up 15.3% YoY).

• Full-year operating profit forecast: ¥11,376 million (up 31.6% YoY).

• No change to previously announced guidance.