Source disclosure: February 26, 2026, 13:00 JST
eREX Co.,Ltd. [9517.T]
TOKYO, Feb 26 (Pulse News Wire) -- eREX Co., Ltd. (9517.T), led by President and CEO Honma Hitoshi, has announced its new medium-term business plan covering fiscal years 2027 through 2029. The company, which began power retail operations in 2001 and started Japan's first PKS (palm kernel shells)-fueled biomass power plant in 2013, is positioning itself to capitalize on significant shifts in the domestic energy industry landscape.
The firm notes that AI-driven growth in data center electricity demand and the upcoming GX-ETS (Greenhouse Gas Emission Trading System) implementation in April 2026 have created an environment conducive to rapid expansion. Additionally, the government’s Seventh Basic Energy Plan aims for renewable energy to account for 40 percent of total energy supply by 2040, accelerating decarbonization efforts.
eREX plans to integrate domestic and overseas operations, particularly focusing on Southeast Asia. In Vietnam, it launched the Hoa Jiang Biomass Power Plant in April 2025 and commenced production at its Tueng Quan Pellet Factory in March 2025. The company also initiated construction of two additional biomass plants scheduled to start operation in fiscal year 2027, alongside trials of biofuel co-firing at existing coal-fired power stations. In Cambodia, eREX is constructing hydroelectric and solar-biomass power facilities set to begin operations in fiscal years 2026 and 2027 respectively.
According to the detailed financial projections provided, eREX anticipates consolidated sales of ¥1.749 billion in fiscal year 2027, rising to ¥2.083 billion by fiscal year 2029. Operating income is forecasted to increase from ¥85 billion in fiscal year 2027 to ¥113 billion in fiscal year 2029. Net income attributable to owners of the parent company is expected to grow from ¥55 billion in fiscal year 2027 to ¥95 billion in fiscal year 2029.
To achieve these targets, eREX will focus on expanding high-voltage power supply capacity while enhancing customer retention rates through integrated gas and service offerings for low-voltage customers. The company aims to leverage trading, self-owned power generation, and aggregation functions to boost sales volume and improve profit margins. Internationally, eREX projects investments totaling $240 million in Vietnam and $180 million in Cambodia over the next few years, with anticipated annual operating profits ranging from $8 million to $11 million per project.
In addition to its strategic initiatives, eREX emphasizes workforce development as a key driver of future success. The company seeks to cultivate employees who can adapt quickly to changing environments and maintain high engagement levels. By fostering a culture of innovation and collaboration, eREX aims to enhance productivity and profitability, targeting an average employee contribution of ¥698 million in sales revenue and ¥47 million in pre-tax earnings by fiscal year 2028.
AI-translated content. 🟡 Confidence: Standard See terms • Original filing