EREX Co. Ltd. Announces Consolidated Financial Results for the Year Ended March 31, 2018; Provides Earnings Guidance for the Year Ending March 31, 2019
May 09, 2018
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eREX Co. Ltd. announced consolidated financial results for the year ended March 31, 2018. For the period, the company reported net sales of JPY 46,948 million compared to JPY 31,167 million a year ago. Operating profit was JPY 4,813 million compared to JPY 3,535 million a year ago. Ordinary profit was JPY 4,540 million compared to JPY 3,219 million a year ago. Profit attributable to owners of parent was JPY 3,038 million compared to JPY 1,917 million a year ago. Diluted earnings per share were JPY 59.69 compared to JPY 37.65 a year ago. Net assets per share were JPY 282.89 against JPY 264.35 a year ago. Net cash provided by operating actives was JPY 4,183 million compared to JPY 1,204 million a year ago. Profit before income tax was JPY 4,540 million compared to JPY 3,219 million a year ago. Purchase of property plant and equipment was JPY 1,675 million compared to JPY 11,886 million a year ago. Purchase of intangible assets was JPY 245 million compared to JPY 186 million a year ago.
For the year ending March 31, 2019, the company expected net sales of JPY 69,405 million, operating profit of JPY 6,928 million, ordinary profit of JPY 6,617 million and profit attributable to owners of parent of JPY 4,026 million or JPY 79.66 per share.
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 Year Ended March 31, 2018; Provides Earnings Guidance for the Year Ending March 31, 2019