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ENECHANGE Ltd. Reports FY24 Q5 Financial Results with Notable Gains and Losses

Story Highlights
  • ENECHANGE Ltd. recorded significant non-operating expenses and extraordinary profits in FY24 Q5.
  • The company faced extraordinary losses due to impairments in its energy data business.
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ENECHANGE Ltd. Reports FY24 Q5 Financial Results with Notable Gains and Losses

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Enechange Ltd. ( (JP:4169) ) has provided an announcement.

ENECHANGE Ltd. reported its FY24 Q5 financial results, highlighting the recording of non-operating income, expenses, and extraordinary profits and losses. The company recognized a non-operating expense of 3,524 million JPY due to fixed asset reduction losses and equity method investment losses. Additionally, an extraordinary profit of 2,284 million JPY was recorded from the establishment of a new subsidiary for its EV charging business and the subsequent sale of shares to CHUBU Electric Power Miraiz Company. However, an extraordinary loss of 663 million JPY was also noted, primarily due to impairment losses in its energy data business and goodwill reduction related to Oberas Japan.

More about Enechange Ltd.

ENECHANGE Ltd. operates in the energy sector, focusing on providing electric vehicle (EV) charging services and energy data solutions. The company is involved in joint ventures and partnerships to enhance its market presence in the EV charging industry.

Average Trading Volume: 243,658

Technical Sentiment Signal: Hold

Current Market Cap: Yen14.4B

For a thorough assessment of 4169 stock, go to TipRanks’ Stock Analysis page.

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