CORREC HOLDINGS Inc.
6578・Standard Market・Services
Energy
A clean energy business providing integrated sales and installation of solar-related products
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment revenue (Q1 FY2027 (ending March 2027)) | ¥55 million | ¥756 million (Q1 FY2026 (ending March 2026)) | ↓ |
| Segment operating income/loss (Q1 FY2027 (ending March 2027)) | -¥77 million (loss) | -¥2 million (loss) (Q1 FY2026 (ending March 2026)) | ↓ |
| Segment revenue (full year FY2026 (ending March 2026)) | ¥1,595 million | - | — |
| Segment operating income/loss (full year FY2026 (ending March 2026)) | -¥295 million (loss) | - | — |
Business Details
Provides solar panels, storage batteries, and other solar-related products through a vertically integrated model spanning sales to installation. Promotes the spread of clean energy to general consumers through face-to-face and web-based consulting. Characterized by cross-marketing that leverages know-how from the Outsourcing Business and Media Platform Business, with Aoie Co., Ltd. serving as the main subsidiary responsible for installation work. Revenue is recognized upon completion of installation work and handover at the location designated by the customer.
Recent Overview
Revenue fell sharply by 92.7% year-on-year due to the winding down of existing order backlog, and losses widened significantly
In Q1 FY2027 (ending March 2027) (March to May 2026), Energy segment revenue was ¥55 million (down 92.7% year-on-year), and the segment posted a loss of ¥77 million (compared with a loss of ¥2 million in the same period of the prior year). The main cause was the decline in revenue associated with the winding down of the existing business's order backlog. The company has indicated a policy of pursuing revenue recovery and renewed growth through entry into new businesses and other measures going forward.
Key Products
Growth Drivers
- Revenue recovery and renewed growth through entry into new businesses, etc. (company policy)
- Continued recovery trend in demand for solar and storage batteries, driven by rising BCP needs and instability in electricity prices
- In-house buildup of installation capabilities through the acquisition of Aoie Co., Ltd. (May 2024)
- Improved customer acquisition efficiency through cross-marketing with the Outsourcing and Media Platform businesses
- Product line expansion strategy into areas such as home renovation under the medium-term management plan "CORREC Innovation 2029"
Risks
- Misconduct issue involving fraudulent subsidy application proxy services by consolidated subsidiary Aoie: the company has been subject to a 12-month measure (June 27, 2025 to June 26, 2026) by the Tokyo Metropolitan Environmental Public Service Corporation, restricting new subsidy application proxy procedures
- Possible continuation of the sharp decline in revenue (down 92.7% year-on-year) associated with the winding down of the existing order backlog
- Instability in the outlook for electricity prices: fluctuations in electricity prices driven by geopolitical risks such as conditions in the Middle East and East Asia may affect customer purchasing intent
- Risk of rising installation costs due to increases in raw material prices and logistics costs, as well as chronic labor shortages
- Risk of suppressed purchases of high-priced products (solar panels, storage batteries) due to heightened consumer cost-consciousness
- Risk of recurrence of internal control deficiencies while the group governance structure is still being rebuilt
Last updated: May 28, 2026