Tess : Financial Results Meeting Materials for the Nine Months Ended March 31, 2022
May 24, 2022 at 02:08 am
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Financial Results Meeting Materials
for the Nine Months Ended March 31, 2022
May 16, 2022
TESS Holdings Co., Ltd.
Securities code: 5074
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These presentation materials include forward-looking statements about forecasts and outlooks related to plans, strategies and earnings. These forward-looking statements are the result of judgments formed by the management of the Company and derived from assumptions (hypotheses) that were based on information available at the time they were created. These may be affected by a variety of risks and uncertainties, and actual earnings may differ significantly from those, express or implied, in the forward-looking information.
Information in these presentation materials, including that relating to industries, market trends, regulatory trends, or economic conditions, is based on the information available at the time they were created, and no representation or warranty of any kind is made by the Company in regard to its authenticity, accuracy, completeness, or integrity.
Information in these presentation materials related to companies, etc. other than the Company, or information created by third parties, is quoted as publicly available information. The Company has not independently verified the accuracy or appropriateness of this data/indicators, etc. and accepts no responsibility of any kind in relation to them.
The information contained in these presentation materials are valid as of the date shown on these presentation materials (or as of a date stated separately), and the Company is under no obligation of any kind to update or revise this information in the light of new information, future events, or other discoveries.
Consolidated results for 3Q of FYE June 2022 proceeded steadily overall due to favorable progress with EPC at Fukuoka Miyako Mega Solar Plant and other projects despite the impact of the rise in procurement prices in electricity retailing.
Due to overshoot in both the Engineering Segment and the Energy Supply Segment, net sales expected to outstrip previous forecast by 15.8%, and full-year forecast revised up to ¥34.5 billion.
Profits at each level revised to take into account the increase in the electricity retailing cost of sales, and the recording of an extraordinary loss (loss on valuation of investment securities) (Announced May 16, 2022)
Total generation capacity for renewable energy power generation facilities: approx. 212 MW(76 projects) (as of March 31, 2022)
Driven by rising customer demand for decarbonization measures and the need to secure energy supplies, inquiries regarding on-sitePPA (in-housesolar power generation and consumption) are increasing
Concluded "Green Specialist Personnel Dispatching Agreement" with Maniwa City, in Okayama Prefecture, thus launching initiatives with local community
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TESS Holdings Co. Ltd. published this content on 24 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2022 06:07:09 UTC.
Tess Holdings Co Ltd mainly provides customers with one-stop solutions in the energy sector. The Company operates in two business segments. The Engineering segment is engaged in the engineering, procurement, and construction (EPC) of energy plants and utility equipment, and has two main business areas, including energy conservation and renewable energy. The Energy Supply segment is engaged in operation and maintenance (O&M), ownership, operation and sale of renewable energy power plants, as well as the retail supply of electricity and others.