TOKYO, May 19 (Pulse News Wire) – ENECHANGE Ltd. (4169.T) announced today that its subsidiary, Miraisu Enechenji Co., Ltd., along with three other companies, filed for civil rehabilitation proceedings with the Tokyo District Court following a board resolution.
Miraisu Enechenji was established in January 2025 as a joint venture with Chubu Electric Power to develop electric vehicle charging infrastructure. However, due to lower-than-expected EV adoption rates and rising installation costs, the company struggled to achieve sufficient profitability. Despite efforts to strengthen management and reduce costs, additional funding became difficult amid uncertain external conditions, leading to the decision to seek rehabilitation. Miraisu Enechenji's capital stands at ¥100 million. Its main operations focus on EV charging services, and it is headquartered at Tokyo, Chuuou Ku Kyoubashi San Choume1-1, Tokyo Square Garden WeWork, 14th floor. Major shareholders include Chubu Electric Power Miraisu with a stake of __NUM_2%, and ENECHANGE Ltd.
With __NUM_3%. Regarding the impact on ENECHANGE’s performance, the company stated that the effect on consolidated earnings would be minor since it had already recognized a shareholding method applicable company loss of ¥539 million as of May 15, 2026, and its claims against Miraisu Enechenji are limited. Therefore, there will be no changes to the forecast for the fiscal year ending March 2027. Looking ahead, ENECHANGE plans to support Miraisu Enechenji’s restructuring process through cooperation as a shareholder. Additionally, Chubu Electric Power Miraisu intends to provide operational funds for Miraisu Enechenji. ENECHANGE also confirmed its commitment to continue developing EV charging applications and providing charging spot information services while pursuing an asset-light strategy to contribute to the growth of domestic EV infrastructure.
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