West Holdings’ battery storage segment generates ¥8.42 billion in operating profit, exceeding its renewable-energy segment’s ¥2.17 billion. The company reports over 1,600 connection applications for grid-battery projects, amid a new per-operator limit on connection studies effective August 1. Battery storage now drives the highest profitability for West Holdings.
West Holdings projects a 17% year-on-year increase in FY2027 net profit to ¥9.3 billion, fueled by its storage battery business. The company, a key player in solar power generation, expects this segment to deliver record profits for the second consecutive year. Growth stems from expanding development and sales of storage battery solutions.
West Holdings’ battery storage division generates ¥3.0bn in operating profit from ¥8.5bn in sales over nine months. The unit offsets slower deliveries in the company’s legacy non-FIT solar business. The shift highlights battery storage as West Holdings’ primary profit driver.
