UNIVA Oak Holdings Limited
3113・Standard Market・Securities & Commodity Futures
Renewable Energy Business
A decarbonization growth business centered on the planning and sales of solar power generation systems
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full year) | ¥682 million | ¥1,179 million | ↓ |
| Operating loss (full year) | -¥271 million | -¥36 million | ↓ |
| Segment assets (fiscal year-end) | ¥1,863 million | ¥2,021 million | ↓ |
| Depreciation expense (full year) | ¥15 million | ¥18 million | ↓ |
Business Details
Centered on UNIVA Energy Co., Ltd. and North Energy Co., Ltd. The segment provides an integrated offering of planning, sales, construction, and maintenance for low-voltage solar power systems, including Non-FIT, Self-consumption, Vertical Bifacial, and Agrivoltaic types, and has also entered the development and construction of High-voltage Solar Power Systems / Grid-connected Storage Batteries. Main customers are new power producers and off-site PPA operators, with operations centered on Hokkaido. From October 2025, UNIVA FIT Co., Ltd. began B2C Solar Power Systems / Residential Storage Battery Sales, expanding the business domain.
Recent Overview
Net sales declined 42%, and operating loss expanded significantly, with no orders secured for high-voltage projects
In the Renewable Energy Business for FY2026 (ending March 2026), net sales were ¥682 million (down 42.1% year on year) and operating loss was ¥271 million (compared with an operating loss of ¥36 million in the prior fiscal year), representing a significant decline in sales and a widening of losses. Although new customer acquisition progressed in the vertical bifacial solar field, no orders were secured in the newly entered field of High-voltage Solar Power Systems / Grid-connected Storage Batteries due to increasing project complexity and time required for coordination. In addition, construction start was delayed due to postponement of order timing by existing customers and delays in site visits and coordination. For FY2027 (ending March 2027), the company forecasts net sales of ¥1,349 million (up 97.8% year on year) and an improvement to an operating loss of ¥78 million, mainly due to increased sales of High-voltage Solar Power Systems.
Key Products
Growth Drivers
- Positioning the transition to a decarbonized society (50% reduction in CO₂ emissions by 2030, carbon neutrality by 2050) as a business opportunity
- Expansion of the business domain through new entry into the High-voltage Solar Power Systems / Grid-connected Storage Batteries field
- Policy to expand the service area from Hokkaido to nationwide
- Expansion of sales targets by UNIVA FIT into the B2C market (households, farms, factories, etc.)
- Synergy effects (project creation and sales cooperation) through strengthened collaboration among group companies
- Improvement in earnings driven by increased sales of High-voltage Solar Power Systems in the FY2027 (ending March 2027) forecast
Risks
- Risk of delayed construction start due to postponement of order timing by existing customers and delays in site visits and coordination
- Uncertainty in order acquisition and timing of sales recognition due to increasing complexity and longer construction periods for High-voltage Solar / Grid-connected Storage Battery projects
- Material uncertainty regarding the going concern assumption due to eight consecutive fiscal years of operating losses since FY2019 (ended March 2019)
- Continuing risk that North Energy Co., Ltd. has not achieved profitability (currently under restructuring under new management appointed in October 2025)
- Risk of difficulty in coordination with partners and loss of orders in new fields (high-voltage and storage batteries)
Last updated: June 24, 2026