5 stories mentioning TYO:9519Updated 2d ago
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Renova (TYO:9519) confirmed no damages to its power plants in the Kushu region in Japan, which includes the Kumamoto Prefecture that was hit by a 7.1-magnitude earthquake on Tuesday.The renewable energy company said Wednesday its large-scale solar PV power plants and biomass power plants were unaffected but that it will make an update if any new damage occurs.
Renova (TYO:9519) has confirmed that none of its large-scale solar PV and biomass power facilities in the Tohoku region sustained damage from the June 25 earthquake off Iwate Prefecture.Operations at its renewable energy plants remain normal, with no material financial impact identified thus far, according to a Tokyo bourse filing on Friday.
Renova (TYO:9519) said its large solar PV electricity sales slipped 1.6% from a year earlier, with output reaching nearly 36 million kilowatt-hours.Electricity sales from biomass reached 221.7 million kilowatt-hours, down 7.4% from a year ago, according to a Monday filing on the Tokyo Stock Exchange.Power sales from small-scale distributed solar PV reached 11.3 million kilowatt-hours during the month under review.
Japanese shares closed lower on Monday as expectations that the Bank of Japan could tighten policy to support the yen and curb inflation lifted sentiment, after comments from Japan's trade minister pointed to potential rate hikes to counter price pressures linked to the Iran war.U.S. President Donald Trump ordered a blockade of the Strait of Hormuz, escalating tensions with Iran following the collapse of weekend peace talks.The Nikkei 225 fell 0.74%, or 421.34 points, to close at 56,502.77.Ryosei Akazawa, Japan's top trade negotiator at the Ministry of Economy, Trade and Industry, was responding to a proposal raised during a television programme that a stronger yen could help ease rising crude oil import costs.Akazawa said such a policy direction could be considered as one option while assessing its impact on the broader economy, adding that the central bank's 2% inflation target was within reach even as real interest rates remained low.On the corporate front, Renova (TYO:9519) shares rose 5% after it reported March electricity sales beat plan and jumped on year, with limited impact from output curtailment.The Shikoku Bank (TYO:8387) shares gained 6% after it unveiled a three-year plan targeting higher profit and improved capital efficiency through digital transformation.Sakura Internet (TYO:3778) shares climbed 7% after it secured a 3.8 billion yen generative AI infrastructure order expected to support earnings.
Renova (TYO:9519) said its electricity sales in March rose 5% above plan, with output reaching 318 million kilowatt-hours, according to a Monday filing on the Tokyo Stock Exchange.Electricity sales increased 51% from a year earlier, driven by contributions from biomass and solar power plants, the company said.For the fiscal year ended March 31, total electricity sales reached about 3.3 billion kilowatt-hours, slightly below planned levels.The company said output curtailment had a limited impact on annual revenue, accounting for about 0.3% of its full-year plan, despite temporary halts at some plants following grid control instructions.
