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eREX Co., Ltd.
(9517)
eREX Co., Ltd. (9517) vs. iShares MSCI Japan ETF (EWJ)
eREX Co., Ltd. Business Overview & Revenue Model
eREX Co., Ltd. Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 174.82B | 171.22B | 244.98B | 296.31B | 230.50B | 141.88B |
| Gross Profit | 20.37B | 20.50B | -9.17B | 25.73B | 22.85B | 24.56B |
| EBITDA | 9.94B | 11.33B | -16.27B | 21.60B | 19.48B | 18.06B |
| Net Income | 236.00M | 2.12B | -22.26B | 9.13B | 9.65B | 6.29B |
Balance Sheet | ||||||
| Total Assets | 149.04B | 153.38B | 145.18B | 171.48B | 157.16B | 127.88B |
| Cash, Cash Equivalents and Short-Term Investments | 25.55B | 33.61B | 23.51B | 33.62B | 27.16B | 31.70B |
| Total Debt | 46.17B | 45.62B | 57.78B | 55.66B | 53.59B | 47.67B |
| Total Liabilities | 79.88B | 80.90B | 89.95B | 97.09B | 90.34B | 73.39B |
| Stockholders Equity | 61.73B | 64.14B | 47.51B | 62.07B | 55.71B | 44.08B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 13.90B | -26.29B | 20.12B | -595.00M | 16.09B |
| Operating Cash Flow | 0.00 | 19.50B | -23.23B | 21.49B | 13.31B | 18.70B |
| Investing Cash Flow | 0.00 | -5.53B | -6.56B | -14.58B | -22.98B | -9.67B |
| Financing Cash Flow | 0.00 | 32.00M | 15.15B | -225.00M | 4.66B | 6.41B |
eREX Co., Ltd. Technical Analysis
eREX Co., Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | ¥60.88B | 9.72 | 4.73% | 2.31% | -1.96% | 33.15% | |
61 Neutral | ¥67.77B | 12.54 | ― | 4.59% | -6.23% | -19.98% | |
60 Neutral | ¥7.51B | 12.77 | ― | 2.29% | 4.05% | 38.64% | |
58 Neutral | ¥39.93B | 43.23 | ― | 1.46% | 25.53% | -128.67% | |
55 Neutral | ¥58.75B | 40.92 | ― | 1.79% | -15.80% | ― | |
53 Neutral | ¥62.85B | 8.64 | 6.76% | ― | 28.85% | -9.70% |
eREX Co., Ltd. Corporate Events
Erex Co., Ltd. has revised its dividend forecast for the fiscal year ending March 31, 2026, doubling the planned year-end dividend from 11 yen to 22 yen per share. This represents a significant increase from the previous fiscal year’s total dividend of 11 yen, reflecting stronger business progress and the company’s commitment to enhancing shareholder returns.
Management framed the higher dividend as part of a broader capital policy that balances profit distribution with financial stability. The company emphasized its plans to improve its financial position while continuing to invest in growth areas, aiming for sustainable growth and a further increase in corporate value over the long term.
The most recent analyst rating on (JP:9517) stock is a Hold with a Yen754.00 price target. To see the full list of analyst forecasts on eREX Co., Ltd. stock, see the JP:9517 Stock Forecast page.
eREX has unveiled a new mid-term business plan covering fiscal years ending March 2027 to March 2029, positioning itself to capitalize on Japan’s accelerating decarbonization policies and surging electricity demand from AI-driven data centers. The plan formalizes an integrated upstream-to-downstream model, aiming to diversify earnings while linking domestic and overseas operations for mutually reinforcing growth.
eREX is deepening its presence in Southeast Asia, where it already operates Vietnam’s first commercial biomass plant and a certified wood pellet factory, and is building additional biomass plants and a hydro project in Cambodia alongside solar assets. The company also plans to launch biomass co-firing at existing coal plants in Vietnam to generate carbon credits for sale in Japan, while domestically it will grow its retail power and aggregation businesses, including BESS, to support greater renewable penetration and meet rising demand.
By reinforcing biomass fuel supply chains and exploring biomass-derived fuels suitable for uses such as SAF, eREX is seeking to secure stable feedstock and capture new green fuel opportunities. These moves are designed to strengthen its role in Japan’s energy transition, improve supply resilience, and enhance its competitive position in regional renewable energy and carbon markets.
The most recent analyst rating on (JP:9517) stock is a Hold with a Yen754.00 price target. To see the full list of analyst forecasts on eREX Co., Ltd. stock, see the JP:9517 Stock Forecast page.
Erex Group has unveiled a new mid-term business plan covering the fiscal years ending March 31, 2027 to March 31, 2029, outlining a growth trajectory in revenue and profitability. The company projects consolidated net sales to rise from ¥174.9 billion in fiscal 2027 to ¥208.3 billion in fiscal 2029, with operating income expected to increase from ¥8.5 billion to ¥11.3 billion and net income attributable to owners of the parent climbing from ¥5.5 billion to ¥9.5 billion over the same period.
The plan signals management’s intention to steadily strengthen earnings capacity and scale in its energy operations, suggesting a more robust financial base that could support further investment and strategic initiatives. While the company cautions that the figures are subject to change depending on future conditions, the outlined targets indicate confidence in demand and Erex’s competitive positioning in Japan’s evolving power market, with potential implications for shareholder returns and capital allocation policies.
The most recent analyst rating on (JP:9517) stock is a Hold with a Yen708.00 price target. To see the full list of analyst forecasts on eREX Co., Ltd. stock, see the JP:9517 Stock Forecast page.
Erex has revised its full-year consolidated forecast for the fiscal year ending March 31, 2026, keeping net sales and pretax profit unchanged but cutting operating income to ¥7.1 billion from ¥8.6 billion, while raising net income attributable to owners to ¥4.0 billion. The downgrade in operating income reflects losses linked to the civil rehabilitation of partner ENETRADE Inc. and timing issues in loss recognition on unpurchased inventory, but stronger-than-planned domestic power sales, stable biomass plant operations, lower PKS fuel costs, and reduced profit attributable to non-controlling interests are expected to lift bottom-line profit and earnings per share, signaling resilience in core operations despite one-off charges.
The most recent analyst rating on (JP:9517) stock is a Hold with a Yen708.00 price target. To see the full list of analyst forecasts on eREX Co., Ltd. stock, see the JP:9517 Stock Forecast page.
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.
eREX Co., Ltd. reported consolidated net sales of ¥127.98 billion for the nine months ended December 31, 2025, a modest 1.1% year-on-year increase, while operating income fell 41.9% to ¥4.66 billion and net income attributable to owners of the parent declined 15.4% to ¥3.74 billion. Despite weaker interim profitability, the company maintained a solid equity ratio of 43.4%, confirmed its full-year forecast calling for higher operating income and net profit versus the prior year, and kept its plan for an annual ¥11 per-share dividend for the fiscal year ending March 31, 2026, signaling confidence in its financial stability and medium-term earnings outlook.
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.
eREX Co., Ltd. has approved the introduction of a new shareholder benefit program, the “erex Premium Yutai-Club,” starting from the fiscal period ending March 2026, to reward shareholders holding at least 300 shares at the end of March and September each year. Eligible shareholders will receive points, roughly equivalent to yen, that can be redeemed for a wide array of products and experiences or converted into common shareholder benefit coins, with the initiative aimed at boosting share liquidity, broadening the investor base, and digitizing shareholder management to strengthen communication and support sustainable business growth.
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.
EREX Co., Ltd. reported consolidated net sales of ¥127.98 billion for the nine months ended December 31, 2025, a modest 1.1% increase year on year, while operating income fell 41.9% to ¥4.66 billion and net income attributable to owners declined 15.4% to ¥3.74 billion, reflecting margin pressure despite stable revenues. The company’s equity attributable to owners rose to ¥67.82 billion and its equity ratio improved to 43.4%, and it maintained its full-year forecast for fiscal 2026, projecting higher operating income and a 61.3% jump in net income to ¥3.42 billion on slightly higher sales, alongside plans to pay a year-end dividend of ¥11 per share, signaling confidence in its financial base and future earnings recovery.
Management left dividend and earnings forecasts unchanged, suggesting the recent profit decline is viewed as temporary and manageable within its capital structure. With total assets up to ¥156.43 billion and no changes in consolidation scope or core accounting policies, stakeholders are likely to focus on the company’s ability to restore profitability in the final quarter and meet its guidance, which implies a stronger earnings performance ahead despite earlier headwinds.
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.