Enechange Ltd. (JP:4169) has released an update.
ENECHANGE Ltd. has reported a substantial year-on-year sales increase in FY24 Q2, but still faces an operating loss, although the net loss has decreased from the previous year. The company has taken measures to eliminate insolvency by increasing total shareholders’ equity and extended the improvement period to March 2025, aligning with their fiscal year-end change. Initiatives to meet listing maintenance standards include cost-cutting, securing bridge loans for the EV Charging business, and strengthening the financial base, which they are actively working on to stabilize operations.
For further insights into JP:4169 stock, check out TipRanks’ Stock Analysis page.
