West Holdings revenue falls as strategic shift impacts fiscal 2025 results

For the fiscal year ending August 2025, West Holdings reported consolidated revenue of JPY 47,250 million, a 6.2% decrease from the previous year. Operating profit fell 18.4% to JPY 8,646 million, while ordinary profit declined 20.0% to JPY 7,961 million. Net profit attributable to owners of the parent decreased by 20.7% to JPY 5,357 million, reflecting the company’s strategic transition towards non-FIT related businesses and increased investment in battery storage projects.

The company's balance sheet showed total assets increasing by JPY 22,649 million to JPY 148,546 million, and net assets rising by JPY 3,138 million to JPY 36,537 million. Key asset increases included cash and deposits, unbilled completed construction work, and machinery and equipment. Cash flow from operating activities significantly increased to JPY 3,263 million, up from JPY 495 million in the prior year.

Looking ahead to the fiscal year ending August 2026, West Holdings forecasts consolidated revenue of JPY 54,460 million, a 15.3% increase. Operating profit is expected to grow by 31.6% to JPY 11,376 million. Ordinary profit is projected to rise 21.5% to JPY 9,676 million, and net profit attributable to owners of the parent is anticipated to increase by 23.2% to JPY 6,602 million.