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ASTMAX Co., Ltd. (7162)

ASTMAX Co., Ltd. operates in renewable energy and electricity trading. Its activities include solar and geothermal power generation, corporate PPA, and grid-scale battery businesses. The company procures electricity through the Japan electric power exchange, supplies electricity, and provides management systems to retail electric suppliers. It also runs an electricity and gas retail business and a dealing business that invests its funds in futures markets. Founded in 1992, the company is based in Shinagawa, Japan.

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7162.JP

Astmax swings to an operating loss of 819 million yen in the April–June quarter

Astmax announced on July 31 that its consolidated operating loss for the first quarter of the fiscal year ending March 2027, covering April to June, came to 819 million yen, swinging from a profit of 2 million yen in the same period a year earlier. The operating margin for the latest three months deteriorated sharply to negative 13.4 percent from 0.0 percent a year ago.
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