On the 14th, Grim's <3150> announced its consolidated financial results for the second quarter of the fiscal year ending March 2025 (April to September 2024). Revenue increased by 5.2% year-on-year to 16.778 billion yen, operating profit rose by 5.5% to 3.372 billion yen, ordinary profit grew by 6.8% to 3.45 billion yen, and net income attributable to parent company shareholders increased by 7.2% to 2.334 billion yen.
The revenue of the energy cost solution business increased by 11.9% year-on-year to 4.914 billion yen, and segment profit rose by 10.5% to 2.143 billion yen. The main product is the business photovoltaic technology system that proposes self-consumption of electrical utilities, as well as consulting on reducing basic electricity rates for businesses, selling various energy-saving equipment such as iot devices, business air conditioners, transformers for energy conservation, and making proposals to customers for improving electricity operation and equipment.
Revenue from the smart house project business decreased by 11.5% to 2.234 billion yen, with segment profit declining by 41.4% to 0.26 billion yen. Due to the growing interest in renewable energy due to decarbonization, the increase in the number of graduation FIT projects as the fixed price purchase system for photovoltaic technology ends after 10 years, and the need to enhance the energy resilience of residences, the demand for rechargeable batteries has increased, leading to a push for battery sales.
Revenue from the retail electricity business increased by 6.6% to 9.629 billion yen, while segment profit rose by 24.0% to 1.406 billion yen. This growth was due to the increase in electricity sales volume, rising sales prices resulting from the increase in electricity market prices, and risk mitigation measures such as securing relative power supplies, which helped control procurement prices.
For the full-year consolidated performance forecast for the fiscal year ending March 2025, the initial plan remains unchanged with revenue projected to increase by 13.7% year-on-year to 34 billion yen, operating profit expected to rise by 24.6% to 6.5 billion yen, ordinary profit anticipated to grow by 24.7% to 6.57 billion yen, and net income attributable to parent company shareholders forecast to increase by 22.0% to 4.32 billion yen.