EREX Co.,Ltd. Announces Consolidated Financial Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020
May 13, 2019 at 10:44 am
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eREX Co. Ltd. announced consolidated financial results for the year ended March 31, 2019. For the period, the company reported net sales of JPY 65,827 million compared to JPY 46,948 million a year ago. Operating profit was JPY 4,702 million compared to JPY 4,813 million a year ago. Ordinary profit was JPY 4,298 million compared to JPY 4,540 million a year ago. Profit attributable to owners of parent was JPY 2,764 million compared to JPY 3,038 million a year ago. Diluted earnings per share were JPY 54.26 compared to JPY 59.69 a year ago. Net income per share was JPY 54.64 compared to JPY 60.32 a year ago.
For the year ending March 31, 2020, the company expects net sales of JPY 95,042 million, operating profit of JPY 7,720 million, ordinary profit of JPY 7,189 million and profit attributable to owners of parent of JPY 3,863 million or JPY 76.34 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, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020