Renova delays biomass plant restart, expects minimal financial impact

Renova, Inc. announced a revised restart schedule for its Omaezakikou Biomass Power Plant, now expected in October 2025, a delay from the previously planned September 2025. This change is primarily attributed to delays in material delivery, despite inspection and repair work progressing smoothly since June 2025. The initial fiscal year plan included scheduled maintenance for approximately 20 days in January 2026, but this is no longer necessary as major inspection and preventative maintenance tasks were completed during the recent repair work. The next scheduled maintenance will occur in FY2026, minimizing revenue decrease for the current fiscal year.

Despite the operational suspension causing a revenue decrease, Renova expects the overall financial impact on the fiscal year ending March 31, 2026, to be minor. This forecast is supported by several factors, including the completion of scheduled maintenance at the biomass plant, a pre-existing buffer for unscheduled suspensions in the full-year biomass business forecast, increased profit from lower spot fuel prices, and the recording of additional business development fees from storage battery businesses not initially included in the forecast.

The company will disclose any further material developments as they arise. This announcement follows a previous disclosure on June 19, 2025, regarding the shutdown of the Omaezakikou Biomass Power Plant.