EREX Co.,Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020
November 11, 2019 at 01:21 pm
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eREX Co.,Ltd. reported consolidated earnings results for the six months ended September 30, 2019. For the period, the company reported net sales of JPY 41,489 million against JPY 30,815 million a year ago. Operating income was JPY 5,554 million against JPY 1,848 million a year ago. Net income attributable to owners of parent was JPY 3,058 million against JPY 915 million a year ago. Net income per share was JPY 60.36 against JPY 18.10 a year ago. Diluted net income per share was JPY 59.96 against JPY 17.97 a year ago.
For the year ending March 31, 2020, the company expects consolidated net sales of JPY 95,042 million, operating income of JPY 7,720 million, net income attributable to owners of parent of JPY 3,863 million and net income per share of JPY 76.34.
Erex Co Ltd is a Japan-based company mainly engaged in the integration and promotion of fuel business, power generation business, trading business, and power retail business, with renewable energy as its core. The electricity retail business sells electricity to corporate and individual consumers nationwide from Hokkaido to Okinawa. The power generation business owns four biomass power plants in Saiki, Buzen, Ofunato, and Okinawa. The fuel business aims to utilize unused wood residues, rice husks, and other biomass fuels and strengthens external sales. The trading business works to procure stable and price-competitive electricity by combining procurement from wholesale electricity exchanges and other sources. The trading business also engages in electricity-related trading operations to reduce the risk of fluctuations in electricity market prices. The overseas business promotes the expansion of renewable energy businesses in Asian countries.
EREX Co.,Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020
EREX CO.,LTD. 
