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Solvvy: Extraordinary Report
Solvvy---partnered with Denchi to start a demonstration experiment on 'EV range guarantee.'
On the 26th, Solvvy <7320> announced that it will begin a proof-of-concept for a guarantee service "denchi.ai range guarantee" utilizing AI diagnostic technology for onboard Batteries of EVs (including hybrid vehicles) in partnership with Denchi (headquartered in Honjo City, Saitama Prefecture). In recent years, with the spread of EVs, the importance of Circular Economy initiatives such as the reuse and recycling of onboard Batteries has been increasing, with the domestic market size expected to reach 80 trillion yen by 2030.
Solvvy --- In the second quarter, there was a double-digit increase in sales and profits, with the main business segments, HomeworthTech and ExtendTech, achieving a double-digit increase in sales.
Japan Living Guarantee, as of November 1, 2024, has integrated with Broadcasting Seek <4824> (becoming a wholly-owned subsidiary) and has started operations as Solvvy. Solvvy <7320> announced its consolidated financial results for the second quarter of the fiscal year ending June 2025 (July-December 2024) on the 13th. Revenue increased by 29.9% year-on-year to 2.98 billion yen, operating profit increased by 24.4% to 0.668 billion yen, ordinary profit increased by 31.5% to 0.857 billion yen, attributable to the parent company's shareholders.
Solvvy---Initiation of the "Tainavi Protector Disaster Compensation System" for solar cable theft prevention.
On the 12th, Solvvy (7320) started offering the "Tainavi Protector Disaster Compensation System" in collaboration with Goodfellows, which operates one of the largest web platforms in the renewable energy sector, the "Tainavi Series" (Headquarters: Shinagawa, Tokyo). This service combines the installation of the metal protector "Tainavi Protector," which is physically difficult to cut, developed by Goodfellows, with hazard risk assessment in Photovoltaic Technology systems.
Solvvy: Confirmation letter.
Solvvy: Financial results presentation materials for the 2nd quarter of the fiscal year ending 2025/6