TESS Holdings Co., Ltd.

TES Holdings announced on the 23rd that it has upwardly revised its consolidated earnings forecast and dividend forecast for the fiscal year ending June 2026. Revenue was raised to 51.0 billion yen, an 8.5 percent increase from the previous forecast. Operating profit was raised to 5.1 billion yen, a 41.7 percent increase. Ordinary profit was raised to 3.6 billion yen, a 100.0 percent increase. Net profit attributable to owners of the parent was raised to 1.8 billion yen, a 50.0 percent increase. In the engineering business, EPC related to energy storage systems has been strong, and revenue is expected to be recorded in the fourth quarter due to progress on EPC for the Shizuoka Kikugawa Power Storage Station and a grid-scale storage station project by a special purpose company formed by Tokyo Century. In the energy supply business, performance is also expected to exceed assumptions, mainly in O and M. In line with the revision of the earnings forecast, the year-end dividend forecast was raised to 8.08 yen per share, an increase of 2.28 yen from the previous forecast.