EPCO Co.,Ltd. Revises FY2026 Earnings Forecast — Operating Profit Surges 95%

EPCO Co.,Ltd. (TSE:2311) has raised its earnings guidance for the first half and full fiscal year 2026 ending December 31, citing stronger-than-expected demand in renewable energy services and maintenance operations.

ItemBeforeAfterChange
RevenueJPY 3.16bnJPY 3.45bn+9.0%
Operating ProfitJPY 107MJPY 209M+95.3%
Ordinary IncomeJPY 227MJPY 251M+10.6%
親会社株主に帰属する中間純利益JPY 187MJPY 173M-7.5%
1株当たり中間純利益JPY 20.93/shareJPY 19.39/shareJPY -1.54/share

The company raised first-half revenue by JPY 284M to JPY 3.45bn and operating profit by JPY 102M to JPY 209M. For the full year, revenue is now projected at JPY 7.22bn (up JPY 534M), while operating profit is expected to reach JPY 527M, a 32.2% increase. The upward revision reflects robust order intake in renewable energy services from TEPCO Hometech, particularly large-scale projects for major homebuilders, combined with expanded maintenance contracts and productivity gains from AI and digital transformation initiatives.

However, the company lowered its interim net profit attributable to parent shareholders to JPY 173M from JPY 187M, reflecting weaker-than-expected earnings from its equity-method affiliate TEPCO Hometech. That company’s revenue is tracking 11.6% below plan due to intensifying competitive pressures and margin compression. Full-year net profit remains unchanged at JPY 485M, suggesting non-operating headwinds will persist. International investors should note that ordinary income (keijo rieki), a Japan-specific metric including financial income and expenses, differs materially from operating profit and reflects the impact of affiliate losses.

Source: Original filing (TDnet) | 日本語版

This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.