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Enechange Ltd.
(4169)
Enechange Ltd. (4169) vs. iShares MSCI Japan ETF (EWJ)
Enechange Ltd. Business Overview & Revenue Model
Enechange Ltd. Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 10.54B | 5.18B | 4.38B | 3.73B | 3.02B | 1.71B | Gross Profit |
| 8.14B | 4.09B | 3.35B | 2.94B | 2.58B | 1.32B | EBIT |
| -5.85B | -2.91B | -2.13B | -1.12B | 40.88M | 53.32M | EBITDA |
| -3.41B | -2.72B | -4.69B | -1.09B | 80.50M | 41.35M | Net Income Common Stockholders |
| -4.26B | -3.36B | -4.99B | -1.32B | -85.59M | -16.74M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 4.26B | 2.44B | 2.18B | 3.07B | 5.57B | 1.33B | Total Assets |
| 7.41B | 9.01B | 5.56B | 6.76B | 6.95B | 1.97B | Total Debt |
| 1.11B | 6.43B | 3.73B | 1.98B | 1.01B | 759.90M | Net Debt |
| -3.15B | 3.99B | 1.55B | -1.09B | -4.56B | -574.55M | Total Liabilities |
| 2.86B | 9.94B | 7.04B | 3.26B | 2.14B | 1.11B | Stockholders Equity |
| 4.55B | -929.00M | -1.48B | 3.50B | 4.81B | 852.47M |
| Cash Flow | Free Cash Flow | ||||
| -4.37B | 0.00 | -2.44B | -2.23B | 405.51M | 63.21M | Operating Cash Flow |
| 220.93M | 0.00 | -1.62B | -1.91B | 481.69M | 139.54M | Investing Cash Flow |
| -3.40B | 0.00 | -931.24M | -1.55B | -552.95M | -294.70M | Financing Cash Flow |
| 5.28B | 0.00 | 1.65B | 958.45M | 4.30B | 1.29B |
Enechange Ltd. Technical Analysis
Enechange Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥11.16B | 7.94 | 1.70% | -54.06% | -72.85% | ||
67 Neutral | ¥13.16B | 79.43 | ― | 25.52% | 282.24% | ||
66 Neutral | ¥3.17B | 15.56 | 2.02% | -0.64% | -36.11% | ||
62 Neutral | $11.97B | 10.08 | -7.46% | 2.96% | 7.37% | -8.22% | |
48 Neutral | ¥14.52B | ― | ― | 18.30% | 40.19% | ||
46 Neutral | ¥13.30B | ― | ― | 5.42% | -521.50% |
Enechange Ltd. Corporate Events
ENECHANGE Ltd. has addressed investor concerns regarding the impact of recent mutual tariffs with the US, currency fluctuations, and economic downturns, stating that these factors have negligible effects on their business. The company anticipates increased usage of its switching services due to rising electricity and gas prices, especially with the reinstatement of subsidies and seasonal increases in energy consumption, which are expected to drive sales growth.
ENECHANGE Ltd. has announced the recording of an extraordinary profit of 23 million JPY in its consolidated financial statements for FY25 Q1, attributed to insurance proceeds. This financial gain stems from payouts received for costs related to internal investigations and improvement report preparations, highlighting the company’s effective risk management strategies.
ENECHANGE Ltd. has announced a non-operating loss of 3 million JPY in its FY24 financial results due to an overbilling issue with affiliated companies. This financial adjustment reflects the company’s commitment to transparency and may impact its financial performance, signaling a need for improved operational oversight.
ENECHANGE Ltd. has completed the repayment of loans related to its EV charging business, totaling 4,714 million JPY. This repayment marks a significant step in the company’s financial management and may result in a limited liability company falling outside the group’s consolidated scope, potentially impacting its financial reporting and stakeholder interests.
ENECHANGE Ltd. has appointed Fumiya Tanaka as the new Executive Officer COO, bringing over 25 years of experience in the energy sector to strengthen its energy platform and data business. This strategic move is expected to enhance sales capabilities and deepen the understanding of power company operations, supporting the company’s ENECHANGE 2.0 initiative. Additionally, CEO Tomoya Maruoka’s dual role in the new company, Miraiz ENECHANGE Ltd., aims to drive growth in the EV charging business, seen as a future growth engine, while maintaining a focus on core business growth and shareholder value.
ENECHANGE Ltd. has announced the termination of individual agreements related to its ‘Capital & Career Committed Mega Venture Incentive’ package, which involved stock transfer restrictions for company officers and employees. This decision follows a joint venture with Chubu Electric Power Miraiz Co., Ltd. for the EV charging business, allowing participants to engage in regular buy-sell transactions of company shares. Despite this change, the company remains committed to its medium- to long-term growth objectives.
ENECHANGE Ltd. has announced the recording of non-operating income in the form of subsidy income amounting to 41 million JPY for its EV charging business in the FY24 Q5 financial results. This subsidy income, part of a total of 4,718 million JPY received in FY24, will impact the company’s financial performance, with further details on impairment loss to be disclosed after the fiscal year ending March 2025.
ENECHANGE Ltd. has announced the recording of a substantial non-operating income of 410 million JPY from subsidies related to its EV charging business in its FY24 Q5 financial results. This financial boost reflects the company’s ongoing efforts to expand its EV charging infrastructure, with implications for its market positioning and potential benefits for stakeholders in the energy sector.
ENECHANGE Ltd. announced the dissolution and liquidation of its subsidiary, ENECHANGE Innovation Limited, as part of a strategic restructuring to streamline its business operations. This decision is expected to result in an extraordinary loss in the company’s financial results for FY24, impacting stakeholders and reflecting a shift in the company’s operational focus.
ENECHANGE Ltd. has completed a strategic company split and stock transfer, forming a joint venture with CHUBU Electric Power Miraiz Co., Inc. for its EV charging business. The new entity, now named Miraiz ENECHANGE Ltd., will see CHUBU Electric Power Miraiz holding a 51% stake, while ENECHANGE retains 49%, indicating a shift in operational control and potentially enhancing the business’s market reach and capabilities.
ENECHANGE Ltd. has announced a joint venture with Chubu Electric Power Miraiz to strengthen its EV charging business by eliminating financial constraints and leveraging synergies. This collaboration aims to accelerate the development of EV charging infrastructure, contributing to a decarbonized society. Additionally, ENECHANGE plans to maintain its neutrality as an energy switching platform despite its capital and business alliance with ITOCHU ENEX, ensuring a wide range of options for consumers. The company is also focusing on expanding its platform business and exploring M&A opportunities to enhance shareholder value and financial stability.
ENECHANGE Ltd. has announced the recording of non-operating income from subsidies related to its EV charging business, amounting to 424 million JPY, in its FY24 Q5 financial results. This development highlights the company’s strategic focus on expanding its EV charging infrastructure, which could enhance its market position and potentially benefit stakeholders by improving financial performance through subsidy support.
ENECHANGE Ltd. has announced the recording of non-operating income from subsidies related to its EV charging business, amounting to 540 million JPY, in the consolidated financial results for FY24 Q5. This announcement highlights the company’s receipt of significant subsidies totaling 3,842 million JPY for FY24, which will impact its business performance by being reflected in the upcoming financial results, indicating a positive financial boost.
ENECHANGE Ltd. announced its decision to repay a portion of its borrowings related to its EV charging business, amounting to 915 million JPY, facilitated by certain subsidies. This repayment reduces the company’s outstanding borrowing balance to 2,074 million JPY, potentially strengthening its financial position and operational focus in the EV charging market.
Enechange Ltd. reported consolidated financial results for the fourth quarter of 2024, highlighting a sales increase to JPY 5,180 million but a continued operating loss of JPY 2,914 million. The company is transitioning to a new fiscal year schedule and anticipates a deficit for the fiscal year ending March 2025, largely affected by the variable subsidies in its EV Charging business.
ENECHANGE Ltd. has successfully completed the payment process for the issuance of new shares through a third-party allotment, as part of a strategic capital and business partnership with ITOCHU ENEX Co., Ltd. This capital increase, which involved issuing 7,375,000 new shares, raised the company’s capital by 1,475,000,000 JPY, enhancing its financial strength and positioning in the energy market.
ENECHANGE Ltd. has announced that it is facing a legal complaint filed by a former employee at the Tokyo District Court, concerning stock option taxation issues. The lawsuit involves claims for the confirmation of non-existence of obligations for tax reimbursement and damages, which the company intends to address and defend its position appropriately.
ENECHANGE Ltd. reported its FY24 Q4 financial results, highlighting 80 million JPY of non-operating income primarily from subsidies. However, the company also recorded 140 million JPY in non-operating expenses, driven by interest payments on bridge loans for its EV charging business and fees related to recent financing activities. This financial update underscores the company’s ongoing efforts to manage its financial strategy amidst expanding its EV charging infrastructure, which may impact its profitability and operational focus.
ENECHANGE Ltd. announced progress in aligning with Tokyo Stock Exchange’s listing maintenance standards by enhancing profitability and securing financial stability. The company has taken strategic steps, including forming a joint venture with CHUBU Electric Power Miraiz for its EV charging business and establishing a capital alliance with ITOCHU ENEX, to improve its financial base and shareholders’ equity, projecting it to exceed 5 billion JPY by March 2025.
ENECHANGE Ltd. has announced the recording of non-operating income from subsidies related to its EV charging business, amounting to a total of 1,175 million JPY in February 2025. This income will be reflected in the company’s FY24 Q5 financial results, potentially impacting its business performance and financial outlook.
ENECHANGE Ltd. announced a business partnership with PORT INC., aiming to enhance corporate value and improve their Energy Platform Business. The agreement includes utilizing electricity and gas switching platforms, increasing market presence, and developing new digital transformation businesses in collaboration with PORT INC. This partnership is expected to maximize deals and profits, benefiting both companies in the long term.
ENECHANGE Ltd. has announced a significant shift in its major shareholder structure due to new share issuances and a pledge agreement related to a loan. PORT INC. is set to become the major shareholder after acquiring shares from the former CEO, Yohei Kiguchi, but will soon be overtaken by ITOCHU ENEX CO., LTD. following a third-party allotment of new shares, altering the company’s stakeholder dynamics.
ENECHANGE Ltd. announced a capital and business partnership with ITOCHU ENEX CO., LTD., including the issuance of new shares through third-party allotment to ITOCHU ENEX. This partnership aims to bolster ENECHANGE’s financial foundation and facilitate growth, particularly in its EV Charging Business, while improving shareholder value. The arrangement is expected to lead to enhanced business synergies and corporate value, aligning with the company’s strategic goals for expansion and financial stability.
ENECHANGE Ltd. has executed a part of its commitment line agreement to secure funds for its EV charging business, with a total borrowing of 19 million JPY from SMBC and AOZORA banks. This strategic financial decision is aimed at supporting the operational activities of its subsidiaries and underscores the company’s ongoing commitment to enhancing its EV infrastructure capabilities, positioning it strongly in the growing EV market.
ENECHANGE Ltd. has revised its Consolidated Financial Results for FY23 and submitted a correction to its Securities Report following an external investigation that revealed potential errors. The revisions, which include updates to financial figures such as cash flows and net assets, demonstrate the company’s commitment to financial transparency and may impact stakeholder trust.
ENECHANGE Ltd. has announced the recording of non-operating income due to receiving subsidies totaling 1,455 million JPY related to their EV charging business. This income will be reflected in their FY24 Q5 financial results, impacting their overall business performance positively by enhancing their financial position.