Grimes <3150> announced consolidated financial results for the fiscal year ending 2024/3 on the 15th. Net sales decreased 4.7% from the previous fiscal year to 29.908 billion yen, operating profit increased 44.9% to 5.217 billion yen, ordinary profit increased 42.9% to 5.268 billion yen, and net income attributable to parent company shareholders increased 43.6% to 35.40 billion yen.
Sales in the energy cost solutions business increased 39.9% from the same period last year to 7.734 billion yen, and segment profit increased 45.7% to 3,030 billion yen. Using commercial photovoltaic power generation systems that propose self-consumption of electricity as the main product, we also sell various energy saving equipment such as basic power rate reduction consulting to reduce costs for operators, IoT devices, commercial air conditioners and transformers for energy saving, etc., and have proposed electric power operation improvements, equipment improvements, etc. to customers.
Sales of the smart house project business increased 10.6% from the same period to 4.440 billion yen, and segment profit increased 18.3% from the same period to 587 million yen. Since there is demand for storage batteries due to heightened interest in renewable energy due to decarbonization, a market environment such as an increase in FIT projects where the application of the 10-year fixed price purchase system for solar power generation ends, and the need to strengthen the energy resilience of houses, sales of storage batteries were promoted.
Sales in the retail electricity business decreased 18.8% from the same period to 17.733 billion yen, and segment profit increased 25.9% from the same period to 2,267 billion yen. While sales declined due to a decline in electricity market prices, etc., profits expanded due to low stability in electricity market prices in addition to the effects of risk hedging measures.
Regarding the consolidated earnings forecast for the full year ending 2025/3, we expect sales to increase 13.7% from the previous fiscal year to 34.0 billion yen, operating income to 6.500 billion yen, up 24.6% from the same period, ordinary profit to 6.570 billion yen, an increase of 24.7%, and net income attributable to parent company shareholders to increase 22.0% to 4.320 billion yen.
Also, the year-end dividend forecast for the fiscal year ending 2024/3 was 31.00 yen on 2/14, but since the performance results for the fiscal year ending 2024/3 exceeded earnings forecasts, it was announced that dividends will increase by 1.00 yen from the previous forecast to 32.00 yen per share.