Renova (9519) fell sharply. Financial results for the fiscal year ending 24/3 were announced the day before. Operating profit was 5.02 billion yen, down 43.4% from the previous fiscal year, and landed 4.5 billion yen above the revised plan for the 3rd quarter. Meanwhile, profit for the fiscal year ending 25/3 is expected to drop drastically to 1 billion yen, down 80.1% from the same period. Since market estimates were at a level close to 10 billion yen, there is guidance for an unexpected drastic decline in profit. The fact that the operation of the Tokushima Tsuda Biomass Power Plant is expected to remain in operation for about half a year seems to be the main cause of the decline compared to expectations.
レノバ---大幅反落、今期大幅減益見通しがネガティブサプライズに
Renova --- sharp decline, the forecast for a sharp decline in profit for the current fiscal year is a negative surprise
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