tiprankstipranks
RENOVA’s Biomass Plant Start Delayed, Earnings Stable
Company Announcements

RENOVA’s Biomass Plant Start Delayed, Earnings Stable

RENOVA (JP:9519) has released an update.

Don't Miss our Black Friday Offers:

RENOVA, Inc. has announced a delay in the start of operations at its Omaezakikou Biomass Power Plant to March 2025 due to additional time needed for equipment adjustments. Despite the postponement, the company’s current fiscal year revenue is expected to decrease by 5 billion yen, with limited impact on operating income and profits. The consolidated earnings forecast for the current fiscal year remains unchanged, with an anticipated increase in profit attributable to owners by approximately 200 million yen.

For further insights into JP:9519 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Japan Auto-Generated NewsdeskRENOVA Reports Robust Revenue Growth Amid Profit Challenges
TipRanks Japan Auto-Generated NewsdeskRENOVA Expands Solar Power with New Virtual PPA
TipRanks Japan Auto-Generated NewsdeskRENOVA Sees Stable Growth in Renewable Energy Sales
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App