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eREX Co., Ltd. ( (JP:9517) ) just unveiled an announcement.
eREX Co., Ltd. reported that its retail and fuel businesses delivered steady growth for the first three quarters of the fiscal year ending March 31, 2026, with net sales and income before taxes progressing largely in line with full-year plans. Operating income was temporarily pressured by the impact of ENETRADE’s civil rehabilitation and inventory allowance losses tied to the suspension of the Itoigawa Power Plant, but on a normalized basis the operating income progress rate reached 79.0%, underscoring resilient underlying performance supported by favorable financial income.
eREX emphasized it is building a solid domestic business foundation in Japan across retail, trading, aggregation, and power generation and fuel, while positioning itself as a pioneer in a new era of electric power centered on renewables. By leveraging its expertise in biomass power and co-firing to promote decarbonization in Southeast Asia, where electricity demand is expanding, the company aims to strengthen its industry positioning and open additional growth avenues beyond its home market, which could benefit shareholders and energy market stakeholders over the longer term.
The most recent analyst rating on (JP:9517) stock is a Hold with a Yen639.00 price target. To see the full list of analyst forecasts on eREX Co., Ltd. stock, see the JP:9517 Stock Forecast page.
More about eREX Co., Ltd.
eREX Co., Ltd. is a Japanese electric power company focused on renewable energy, particularly biomass power generation and co-firing. It operates across retail and power trading, fuel supply, and aggregation businesses, including battery energy storage systems, while also pursuing decarbonization projects in fast-growing Southeast Asian power markets.
Average Trading Volume: 226,267
Technical Sentiment Signal: Sell
Current Market Cap: Yen50.95B
For an in-depth examination of 9517 stock, go to TipRanks’ Overview page.