Kaihan Q1 revenue soars 26.5% despite widening losses

Kaihan Co reported first-quarter revenue of 791m yen, up 26.5% year-on-year, driven by increased solar power electricity sales and consolidation of medical subsidiary Kaihan Medical acquired in September 2024. Gross profit rose 36.9%.

However, operating losses widened to 231m yen from 115m yen previously due to higher administrative expenses from new business initiatives and goodwill from the medical acquisition.

The company projects full-year revenue of 15.4bn yen and operating profit of 1.6bn yen for fiscal 2026.