Investor Presentaiton
1H Results in Key Segments
Solar Panel Manufacturing Business (VSUN)
Increased net sales and segment profit significantly
Exceeded solar panel sales expectations in Europe and US
Less congestion in regional ports and harbors improved shipping conditions
Raised prices and container shipping rates declined after reaching a peak →>
Improved profitability
Net sales
Segment profit
Abalance
1H FY06/22
1H FY06/23
22.7
0.2
YoY
107.4 Approx. 4.7x
4.6 Approx. 20.7x
(Billions of yen)
Change
Vietnam Sunergy Joint Stock Company (VSUN)
+84.7
+4.4
Green Energy Business (WWB, VALORS)
Promoted recurring revenue business (in-house ownership)
Acquired a solar power plant in Ibaraki Prefecture (expected revenue in initial
year: approx. 350 million yen)
Started operation of Kamisu Solar Power Plant (Ibaraki Prefecture)
Worked on non-FIT projects as a PPA operator
(Billions of yen)
1H FY06/22
1H FY06/23
YOY
Change
Power plant and
2.6
2.8
+10%
+0.2
product sales
Electricity sales
1.0
1.6
+53%
+0.6
and O&M revenue
[WWB Kamisu Solar Power Plant]
Net sales
3.6
4.4
+22%
+0.8
Segment profit
0.6
0.9
+51%
+0.3
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