Green Energy & Company, Inc. (TSE: 1436) delivered a year of rapid expansion in the fiscal year ended April 30, 2026, reporting full-year results on June 9, 2026 that covered the twelve months from May 1, 2025. Consolidated revenue surged 58.0% year-on-year to ¥18,358 million, while operating profit more than doubled, climbing 119.3% to ¥1,191 million. Ordinary profit jumped 152.3% to ¥1,029 million, and net profit attributable to owners of the parent rose 81.6% to ¥500 million, up from ¥275 million a year earlier. Earnings per share reached ¥40.48 (split-adjusted), against ¥22.41 in the prior year, with diluted EPS of ¥38.76.
The renewable-energy specialist develops, builds (under EPC contracts) and operates power-generation assets — principally solar — and provides energy-solution and electricity-retail services. The sharp revenue growth reflects an expanding pipeline of solar projects and rising power sales, while the disproportionate jump in profit points to improving project economics and operating leverage across the portfolio. Return on equity came in at 9.1% and the operating margin at 6.5%, and operating cash flow was a solid ¥1,318 million.
Solar pipeline drives top-line and margin gains
Green Energy & Company's growth was anchored in its core solar generation and engineering operations, where an expanding development pipeline lifted both construction-related revenue and recurring power sales. The combination of larger project volumes and a more favourable earnings mix allowed operating profit to grow more than twice as fast as revenue, lifting the operating margin and underscoring the scalability of the group's renewable-generation model. Energy-solution and electricity-retail services added further breadth to the revenue base during the period.
Balance sheet expands; 3-for-1 stock split announced
Total assets stood at ¥16,540 million at year-end, with net assets of ¥5,694 million and an equity ratio of 34.3%, equivalent to book value per share of ¥459.42. Alongside the results, the company announced a 3-for-1 stock split effective May 1, 2026; all per-share figures have been restated on the post-split basis to allow like-for-like comparison. The split is intended to improve liquidity and broaden the shareholder base as the company scales its generation portfolio.
Dividend maintained; double-digit growth guided for FY2027
For the year ended April 2026, Green Energy & Company declared a ¥15.00 year-end dividend, a total payout of ¥61 million and a payout ratio of 12.4%. On a post-split basis, it forecasts a ¥6.00 dividend for the year ending April 2027. For FY2027, the company guides for revenue of ¥21,500 million (+17.1%), operating profit of ¥1,450 million (+21.7%), ordinary profit of ¥1,300 million (+26.3%) and net profit of ¥800 million (+59.9%), equivalent to EPS of ¥64.74. The guidance points to continued double-digit growth across every profit line as the project pipeline matures.
| Metric | FY4/2026 | FY4/2025 | YoY |
|---|---|---|---|
| Revenue (¥ million) | 18,358 | 11,616 | +58.0% |
| Operating profit (¥ million) | 1,191 | 543 | +119.3% |
| Ordinary profit (¥ million) | 1,029 | 408 | +152.3% |
| Net profit (¥ million) | 500 | 275 | +81.6% |
| EPS (¥) | 40.48 | 22.41 | +80.6% |
| Total assets (¥ million) | 16,540 | — | — |
| Net assets (¥ million) | 5,694 | — | — |
| Equity ratio | 34.3% | — | — |
| Annual dividend (¥) | 15.00 | — | — |
| FY2027 guidance — revenue (¥ million) | 21,500 | — | +17.1% |
| FY2027 guidance — operating profit (¥ million) | 1,450 | — | +21.7% |
| FY2027 guidance — net profit (¥ million) | 800 | — | +59.9% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.