EPCO sees strong Q3 growth despite delays, renewable energy solutions surge

EPCO Co., Ltd. announced robust consolidated results for FY2025 Q3 (January-September), with net sales climbing 13.2% to JPY 4,744 million and ordinary profit surging 77.7% to JPY 328 million year-on-year. Net profit saw an impressive increase of 250.5% to JPY 295 million. The company attributes this growth to the strong performance of its renewable energy solutions, particularly in Q2, which compensated for temporary stagnation in Q3.

The renewable energy solutions segment was a key driver, with sales increasing 63.5% to JPY 1,644 million and ordinary profit growing by JPY 207 million. TEPCO HomeTech contributed significantly with a 63.7% increase in equity in earnings of affiliates, while ENE's achieved a 181.4% rise in ordinary profit. Although Q3 progress was delayed due to seasonal factors and increased fixed costs for anticipated Q4 demand, EPCO expects to make up for this in Q4 with the commencement of Phase 2 construction for a major housing company.

The company's full-year forecast indicates that Q3 results are still behind in all areas but are expected to rally in Q4. EPCO maintains a progressive dividend policy, with a 3.9% dividend yield as of October 31, 2025.