EREX Co.,Ltd. Announces Consolidated Financial Results for the Three Months Ended June 30, 2019; Provides Earnings Guidance for the Year Ended March 31, 2020
August 12, 2019
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eREX Co. Ltd. announced consolidated financial results for the three months ended June 30, 2019. For the period, the company reported net sales of JPY 15,956 million compared to JPY 12,492 million a year ago. Operating income was JPY 1,926 million compared to JPY 1,192 million a year ago. Net income attributable to owners of parent was JPY 1,298 million compared to JPY 718 million a year ago. Diluted earnings per share was JPY 25.46 compared to JPY 14.10 a year ago. EPS was JPY 25.63 compared to JPY 14.20 a year ago.
For the year March 31, 2020, the company expected net sales of JPY 95,042 million. Operating profit of JPY 7,720 million. Ordinary profit of JPY 7,189 million. Profit attributable to owners of parent of JPY 3,863 million. Earnings 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. Announces Consolidated Financial Results for the Three Months Ended June 30, 2019; Provides Earnings Guidance for the Year Ended March 31, 2020
EREX CO.,LTD. 
