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eREX Co.,Ltd.

eREX Co.,Ltd.

9517.T
eREX Co.,Ltd.JP flagTokyo Stock Exchange
761.00
JPY
-20.00
- -
59.38BMarket Cap
eREX Co.,Ltd.
9517.T
(Tokyo Stock Exchange)

Recent

price

761.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
614.83
550.87
550.55
624.27
931.81
1,301.09
1,747.52
2,625.03
3,902.72
5,006.64
4,130.72
2,316.04
1,791.28
Revenue per Share
32.74
29.78
26.78
38.4
60.3
54.63
89.01
116.28
163.44
154.28
-359.95
28.65
-160.17
Basic EPS, GAAP
-86.75
-50.73
-144.66
-217.68
44.92
-325.2
-176.69
297.65
-10.07
339.99
-434.49
263.71
- -
Free Cash Flow per Basic Share
3
2.41
6.56
8.13
10.02
12.04
12.01
18.52
18.01
22.02
22.02
- -
- -
Dividend per Share
138.42
230.23
227.62
223.51
272.33
313.81
390.87
574.2
672.67
795.99
415.56
456.22
465.83
Book Value per Share
137.48
332.72
351.38
285.38
318.62
473.7
638.49
933.92
1,052.49
1,125
858.16
950.71
919.14
Tangible Book Value per Share
25
31
42
50
50
51
51
54
59
59
59
74
69
Basic Weighted Avg Shares
15,311
17,074
22,878
31,167
46,948
65,827
88,639
141,885
230,502
296,312
244,977
171,217
124,083
Sales/Revenue/Turnover
9.19
8.64
7.53
11.34
10.25
7.14
10.43
11.08
5.42
5
-8.96
4.17
-7.37
Operating Margin (%)
486
505
457
867
1,656
1,682
2,301
3,998
5,133
5,907
4,073
3,639
- -
Depreciation Expense
815
923
1,113
1,917
3,038
2,764
4,515
6,285
9,653
9,131
-21,347
2,118
-11,095
Net Income, GAAP
40.73
33.48
37.81
45.01
18.13
31.97
28.63
33.61
25.35
36.23
- -
40.73
- -
Effective Tax Rate (%)
5.33
5.41
4.86
6.15
6.47
4.2
5.09
4.43
4.19
3.08
-8.71
1.24
-8.94
Profit Margin (%)
2,666
7,195
10,310
5,809
7,160
4,913
10,423
25,085
26,495
29,896
20,445
27,952
26,147
Working Capital
2,739
3,940
8,214
11,594
12,649
27,303
38,398
36,710
39,426
43,760
35,011
32,195
30,967
LT Debt
3,455
10,350
14,732
15,917
17,856
25,823
34,260
54,494
66,818
72,232
55,601
72,479
68,309
Total Equity
- -
8.84
5.52
6.85
10.78
6.28
8.82
10.74
8.13
7.3
- -
3.61
- -
Return on Invested Capital (%)
- -
11.53
8.28
8.67
7.27
5.79
4.46
4.63
9.66
7.96
- -
1.3
- -
Return on Capital (%)
- -
17.44
13.41
18.6
24.42
18.68
25.29
24.71
27.28
21.03
-59.5
7.26
-32.89
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
22,769
- -
16,381
LT Borrowings
33,516
- -
29,547
LT Finance Leases
1,495
- -
1,420
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
59
- -
74
Market Capitalization
43,483
49,113
49,944

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
66,848
- -
67,292
Cash, Cash Equivalents & STI
27,778
- -
31,138
Accounts Receivable, Net
27,312
- -
33,106
Inventories
2,388
- -
1,612
Total Current Liabilities
46,403
- -
41,145
Payables & Accruals
- -
- -
- -
ST Debt
22,769
- -
16,381
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.7%
19.42%
30.36%
Free Cash Flow
-489.91%
-853.76%
-175.66%
Net Income, GAAP
-15.07%
-71.27%
-109.92%
Sales/Revenue/Turnover
29.94%
20.73%
-30.11%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
55,902
64,992
63,411
60,672
244,977
2025
- -
- -
- -
- -
171,217
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-64.09
- -
- -
- -
-359.95
2025
- -
- -
- -
- -
28.65
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
22.02
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
eREX Co., Ltd. engages in the electric power business, primarily through power retailing, power generation, fuel procurement and trading. The company operates biomass power plants including Tosa, Saiki, Buzen, Ofunato and Nakagusuku facilities in Japan; procures biomass fuel from overseas sources such as Indonesia and Malaysia for its plants and third-party sales; conducts electricity trading leveraging market expertise; and retails electricity nationwide via subsidiaries Evergreen Marketing Co., Ltd., Evergreen Retailing Co., Ltd., Okinawa Gas New Power Co. and e-sell Co., Ltd., serving high-voltage, extra-high-voltage and low-voltage customers excluding remote islands. Founded in 1999 and headquartered at 14F Kyobashi Edogrand, 2-2-1 Kyobashi, Chuo-ku, Tokyo, Japan, eREX maintains operations across Japan with international fuel sourcing and development activities in Southeast Asia including Vietnam and Singapore through subsidiaries like erex Singapore Pte. Ltd. Recent developments include a November 2025 EPC contract signing for the Yen Bai Biomass Power Plant in Vietnam following collaboration on the Hau Giang plant that commenced operations in April 2025; an October 2025 MOU with Samsung C&T Japan Office for joint battery energy storage system development starting with a 2MW/8MWh pilot in Miyazaki Prefecture and plans for larger projects; a December 2024 capital and business alliance with JR East completed in January 2025 involving a 2 billion yen investment for 4.9% ownership to support renewable aggregation and decarbonization; and expansion into renewable asset aggregation including sleeving a JR East off-site PPA in June 2025 plus a first grid-scale storage battery investment decision in September 2025.