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eREX Co.,Ltd.

eREX Co.,Ltd.

ERXCF
eREX Co.,Ltd.US flagOther OTC
4.35
USD
- -
- -
339.42MMarket Cap
eREX Co.,Ltd.
ERXCF
(Other OTC)

Recent

price

4.35

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
62,713
77,946
69,599

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 renewable energy business, primarily generating, trading, retailing, and supplying biomass-derived electric power in Japan and select overseas markets. The company operates biomass power plants including those in Tosa, Saiki, Buzen, Ofunato, and Nakagusuku; procures and sells biomass fuels such as wood residues and rice husks from sources in Indonesia, Malaysia, Vietnam, and Cambodia; conducts electricity trading to manage market price fluctuations and procurement from wholesale exchanges; and retails electricity nationwide to corporate and household customers via high-voltage, extra-high-voltage, and low-voltage supplies through subsidiaries Evergreen Marketing Co., Ltd., Evergreen Retailing Co., Ltd., Okinawa Gas New Power Co., and e-sell Co., Ltd. It also pursues hydrogen power generation demonstrations at Fujiyoshida, hydroelectric projects in Cambodia, and biomass developments in Vietnam. Founded in 1999 and headquartered at 14F Kyobashi Edogrand, 2-2-1 Kyobashi, Chuo-ku, Tokyo, Japan, eREX lists on the Tokyo Stock Exchange (9517; OTC: ERXCF) with 284 consolidated employees. Recent developments include a December 2024 capital and business alliance with JR East, entailing a 2 billion yen investment for a 4.9% stake to collaborate on renewable aggregation and decarbonization, completed in January 2025; a June 2025 expansion into asset aggregation via sleeving an intra-JR East PPA; an October 2025 MOU with Samsung C&T Japan Office for joint battery energy storage system (BESS) development starting with a 2MW/8MWh pilot in Miyazaki; and a November 2025 EPC contract signing with PECC2 for the 50MW Yen Bai Biomass Power Plant in Vietnam, slated for operations by end-2027 following a prior April 2025 business alliance.