i GRID SOLUTIONS Inc.

¥642.00As of Sun 8 Nov 2026, 12:00 UTC

TSE:603AUtilities

Country Japan

PE (Fwd) 10.44

TSR 10Y CAGR —

Div yield —

ROE 25.66%

Utilities (Renewable)

Beta (5Y) —

PE TTM 12.04

TSR TTM —

Mkt cap ¥23.36B

ROIC 12.87%

SE Grade™

Value

Quality

Moat

1Y Price

Reference

¥670

4.39%

85.33%

Price below Reference Value

TTM

FYE 30 Jun JPY

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

25.70

Revenue¥B

—

19.26

22.94

25.70

27.20

15.52%

—

12.03

Revenue growth%

—

19.12

12.03

5.85

15.58

—

27.42

Gross margin%

—

17.97

26.42

27.42

27.92

26.42

—

13.94

Operating margin%

—

6.63

13.69

13.94

14.06

13.69

—

7.55

Net margin%

—

(13.67)

6.96

7.55

7.85

6.96

—

12.04

P/E ratio (avg)x

—

10.94

—

11.89

EV/EBITx

—

10.49

—

6.29

FCF yield (avg)%

—

10.65

—

5.71

FCF margin%

—

(1.15)

5.71

9.15

2.28

—

0.757

FCF / Net incomex

—

(0.166)

0.757

1.166

0.295

—

12.87

ROIC%

—

4.82

11.55

12.87

13.86

11.55

—

25.66

Return on equity%

—

(52.78)

27.56

25.66

22.24

25.66

—

4.38

Return on assets%

—

(7.25)

3.83

4.38

4.60

3.83

—

53.33

EPS¥

—

(72.35)

43.86

53.33

58.67

21.60%

—

21.60

EPS growth%

—

160.62

21.60

10.01

91.11

—

234.53

Bookvalue per sh¥

—

137.07

181.19

234.53

293.20

30.81%

—

40.36

FCF per share¥

—

(7.27)

40.36

68.39

—

Dividend per sh¥

—

Div yield (avg)%

—

Payout ratio%

—

36.38

Shares (diluted)M

—

36.38

◌36.38

—

Buyback yield%

—

◌—

—

3.110

D/E ratiox

—

5.058

4.155

3.110

2.488

4.155

—

42.59

Enterprise value¥B

—

40.11

—

16.57

LT debt¥B

—

16.90

16.85

16.57

(0.98%)

—

Peers (US$154.0M)

Cap (US$)

RENOVA, Inc.

395.1M

24.49x

eREX Co.,Ltd.

370.1M

9.217x

Tess Holdings Co.,Ltd.

181.2M

13.43x

Entech SA

150.7M

61.13x

Capital

TTM

10Y

Leveragex

3.347

3.777

EBIT/Intx

5.337

Own earn%

—

Sh yield%

—

Owners

Insiders/Inst%

5.56

14.98

Short interest%

—

SBC / revenue%

—

Record

10Y

Profitable years

2/3

Revenue growth years

—

EPS growth years

—

Dividend streakyrs

Op margin range%

7–14

$1 testx

—

Incr. ROIC%

177

i GRID SOLUTIONS Inc. develops and operates platforms that enable the integrated utilization of distributed energy resources in Japan. It operates through GX Solution Business and Energy Trading Business segments. The company develops and operates on-site solar power plants, as well as provides related support and consulting services.

Growth vs revenue

Latest

Trend

2Y CAGR

Rel growth

Revenue

¥25.70B

15.52%

1.00×

Cost of revenue

¥18.65B

8.67%

0.88×

Operating expenses

¥3.465B

25.97%

1.19×

Asset mix

Trend

Other

80.59%

Cash and investments

16.48%

Goodwill & intangibles

2.94%

Reinvestment returns

3Y median

Trend

Reinvestment rate

n/m

Return on capital

11.55%

Spread over hurdle

8.03%