eREX Co., Ltd. (JP:9517)
:9517
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eREX Co., Ltd.
(9517)
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Rating:66Neutral
Price Target:
¥971.00
▲(58.14% Upside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by improving financial performance—especially the sharp recovery in free cash flow and stabilized margins—supported by a solid balance sheet. Valuation is favorable due to the low P/E, but the overall score is held back by negative revenue growth and technically overbought conditions that increase near-term downside risk.
Positive Factors
Strong cash generation
A recovery to ¥13.9B in free cash flow and a high operating-cash-to-net-income ratio materially improves liquidity and financial optionality. Durable FCF supports reinvestment, debt servicing, and distributions, providing a multi-quarter buffer for operations and strategy execution.
Negative Factors
Negative revenue trend
Declining top-line (-7.82%) undermines the durability of margin and cash improvements, signaling demand or market-share weakness. Continued revenue contraction could erode economies of scale and force margin reliance on transient cost cuts rather than sustainable commercial gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
A recovery to ¥13.9B in free cash flow and a high operating-cash-to-net-income ratio materially improves liquidity and financial optionality. Durable FCF supports reinvestment, debt servicing, and distributions, providing a multi-quarter buffer for operations and strategy execution.
Read all positive factors
eREX Co., Ltd. (9517) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥73.88B
Dividend Yield1.79%
Average Volume (3M)177.27K
Price to Earnings (P/E)5.6
Beta (1Y)0.82
Revenue Growth-15.80%
EPS GrowthN/A
CountryJP
Employees269
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)27.55
Shares Outstanding78,161,606
10 Day Avg. Volume188,250
30 Day Avg. Volume177,273
Financial Highlights & Ratios
PEG Ratio-0.26
Price to Book (P/B)0.93
Price to Sales (P/S)0.35
P/FCF Ratio4.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)46.15
Revenue Forecast (FY)¥169.22B
eREX Co., Ltd. Business Overview & Revenue Model
Company Description
eREX Co.,Ltd. engages in the generation and supply of power in Japan. The company operates a biomass power plant. It is also involved in electricity trading. The company was founded in 1999 and is headquartered in Tokyo, Japan....
How the Company Makes Money
null...
eREX Co., Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
65
Positive
Cash Flow
70
Positive
| 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 | 19.91B | -9.30B | 25.72B | 22.85B | 24.56B |
| EBITDA | 12.53B | 13.25B | -14.84B | 20.73B | 17.63B | 19.72B |
| Net Income | 236.00M | 2.12B | -21.35B | 9.13B | 9.65B | 6.29B |
Balance Sheet | ||||||
| Total Assets | 149.04B | 153.38B | 148.61B | 172.10B | 157.16B | 127.88B |
| Cash, Cash Equivalents and Short-Term Investments | 25.55B | 33.61B | 19.67B | 33.62B | 27.16B | 31.70B |
| Total Debt | 46.17B | 45.22B | 57.78B | 55.64B | 53.60B | 47.68B |
| Total Liabilities | 79.88B | 80.90B | 93.01B | 98.15B | 90.34B | 73.38B |
| Stockholders Equity | 61.73B | 64.14B | 48.10B | 62.01B | 55.72B | 44.08B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 13.90B | -25.38B | 20.74B | -298.00M | 16.75B |
| Operating Cash Flow | 0.00 | 19.50B | -22.70B | 21.49B | 13.31B | 18.70B |
| Investing Cash Flow | 0.00 | -5.34B | -6.56B | -14.58B | -22.98B | -9.67B |
| Financing Cash Flow | 0.00 | -160.00M | 15.15B | -225.00M | 4.66B | 6.41B |
eREX Co., Ltd. Technical Analysis
Positive
614.00
Price Trends
727.94
Positive
681.12
Positive
709.05
Positive
Market Momentum
64.46
Negative
69.40
Neutral
71.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9517, the sentiment is Positive. The current price of 614 is below the 20-day moving average (MA) of 844.05, below the 50-day MA of 727.94, and below the 200-day MA of 709.05, indicating a bullish trend. The MACD of 64.46 indicates Negative momentum. The RSI at 69.40 is Neutral, neither overbought nor oversold. The STOCH value of 71.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9517.
eREX Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥725.79B | 6.68 | 7.17% | 3.22% | -1.56% | 9.17% | |
71 Outperform | ¥221.74B | 13.52 | 13.70% | 2.36% | -1.60% | -10.41% | |
66 Neutral | ¥73.88B | 5.57 | ― | 1.79% | -15.80% | ― | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | ¥57.79B | 3.56 | 4.73% | 2.31% | -1.96% | 33.15% | |
53 Neutral | ¥70.58B | 48.38 | 7.71% | ― | 28.85% | -9.70% | |
52 Neutral | ¥998.80B | 5.29 | -22.13% | ― | -2.28% | -794.92% |
* Utilities Sector Average
JP:9517
eREX Co., Ltd.
947.00
121.00
14.65%
JP:9513
Electric Power Development Co
3,965.00
1,403.43
54.79%
JP:9511
Okinawa Electric Power Co
1,064.00
124.64
13.27%
JP:9519
RENOVA
777.00
100.00
14.77%
JP:9501
Tokyo Electric Power Company Holdings
623.40
168.90
37.16%
JP:9509
Hokkaido Electric Power Company,Incorporated
1,080.00
281.26
35.21%
eREX Co., Ltd. Corporate Events
eREX Updates Mid-Term Plan Amid Shifting Japanese Energy Landscape
Mar 12, 2026
eREX Co., Ltd. has released and subsequently corrected its mid-term business plan covering the fiscal years ending March 31, 2027 to March 31, 2029, clarifying that a key financial metric in its presentation should read “income before income...
Erex Doubles Year-End Dividend Forecast for FY2026
Mar 2, 2026
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 ...
eREX Sets 2026–2029 Mid-Term Plan to Drive Biomass-Led Growth in Japan and Southeast Asia
Mar 2, 2026
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 center...
Erex Sets Three-Year Mid-Term Plan Targeting Higher Revenue and Profit
Feb 26, 2026
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....
Erex Cuts Operating Profit Outlook but Lifts Net Income Forecast for FY 2026
Feb 26, 2026
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 attrib...
eREX Posts Solid Underlying Earnings as It Expands Renewable Power Strategy
Feb 13, 2026
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. Ope...
eREX Posts Lower Nine-Month Profit but Sticks to FY2026 Earnings and Dividend Outlook
Feb 13, 2026
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 ...
eREX Launches Shareholder Benefit Program to Boost Liquidity and Engagement
Feb 10, 2026
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...
EREX Maintains Full-Year Guidance Despite Profit Drop in First Nine Months of FY 2026
Feb 10, 2026
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 ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.