eREX Co.,Ltd. (9517) Stock Price

eREX operates diverse business segments centered on renewable energy. Its main businesses include retail electricity sales, power generation, fuel supply, trading, and overseas operations. Through these businesses, the company aims to realize a sustainable society.

In retail electricity sales, the company sells power to corporations and individuals through subsidiaries such as Evergreen Marketing Co., Ltd. and Evergreen Retailing Co., Ltd. In the high-voltage sector, it offers fully fixed-rate plans and hybrid plans, while in the low-voltage sector it primarily sells market-linked plans.

In power generation, the company operates biomass-fired power plants in Saiki, Buzen, Ofunato, and Okinawa. These plants are certified under Japan's Feed-in Tariff (FIT) system for renewable energy and sell the generated electricity. The Tosa power plant is currently suspended, and the Itoigawa power plant is scheduled to suspend operations in fiscal year 2025.

In the fuel business, leveraging biomass power generation expertise, the company provides stable supply of biomass fuels including palm kernel shells and wood pellets. Using production facilities in Indonesia and Vietnam, it secures competitive advantages in quality and price.

In trading operations, the company conducts stable and competitive power procurement in response to fluctuations in fuel prices and electricity market prices. It also plans to engage in carbon credit trading, with a view to utilizing credits from overseas operations.

In overseas operations, the company develops renewable energy projects across Southeast Asian countries. In Vietnam, it operates a large-scale commercial biomass power plant, and in Cambodia, it is advancing construction of a hydroelectric power station. These projects contribute to decarbonization and improved energy self-sufficiency.

E-Rex has adopted a growth strategy centered on renewable energy. The company is advancing decarbonization not only across Japan but also in Asian countries including Vietnam, aiming to evolve into a comprehensive energy company.

In the retail electricity business, the company leverages its nationwide sales network and over 20 years of power trading experience to offer plans tailored to customer needs. It is particularly focused on providing corporate PPAs and demand response solutions to support the realization of a decarbonized society.

In the trading business, the company utilizes the electricity futures market to procure power against confirmed sales volumes. It is also actively promoting bilateral wholesale transactions to strengthen its presence in the power market.

In the power generation business, the company is improving the efficiency of domestic biomass power plants while advancing plans for new large-scale biomass facilities. This strengthens the company's renewable energy supply capacity.

In the fuel business, the company has begun handling wood pellets produced at its own facility in Vietnam and is expanding sales of biomass fuel domestically and internationally. This is expected to significantly increase fuel handling volumes.

In overseas operations, the company is expanding renewable energy projects in Vietnam and Cambodia. Notably, the operation of biomass power plants in Vietnam and the construction of hydroelectric facilities in Cambodia are underway.

As part of its decarbonization strategy, the company aims to reduce CO2 emissions by 25 million tons by 2030 and achieve carbon neutrality by 2050. Through carbon pricing and emissions trading, the company seeks to make environmental value a source of growth.