ASTMAX Co., Ltd. (7162) Stock Price

Astmax operates comprehensive energy and financial businesses across five business segments: "Renewable Energy Related Business," "Power Trading Related Business," "Retail Business," "Asset Management Business," and "Dealing Business."

In the Renewable Energy Related Business, Astmax sells electricity from solar power plants and provides maintenance and operational management services. The company also develops new solar power facilities and commercializes geothermal power generation. Additionally, it implements self-consumption models utilizing PPAs and operates battery storage businesses. Astmax Ebino Geothermal Co., Ltd. operates as a subsidiary, along with multiple anonymous partnership investments.

In the Power Trading Related Business, Astmax independently conducts wholesale power sales. The company also provides outsourced services including customer management, demand-supply forecasting, and risk management, thereby supporting efficient transactions in the power market.

In the Retail Business, Astmax and its subsidiary Astmax Energy Co., Ltd. operate retail electricity and gas retail businesses. This diversified energy supply approach addresses customer needs across multiple energy sources.

The Asset Management Business previously managed venture capital funds and endowments for educational institutions, but this segment was discontinued as of March 31, 2025. The company also managed renewable energy-related investment funds.

In the Dealing Business, Astmax conducts proprietary trading in commodity futures and financial futures such as stock indices on major domestic and international exchanges. However, following a review of synergies between business segments and capital efficiency, the company has decided to gradually reduce and ultimately discontinue this business over approximately two years.

Astmax is positioning the expansion of its comprehensive energy business at the center of its growth strategy to realize a sustainable society. The company is strengthening its position as an energy total solutions provider by leveraging its expertise in renewable energy development and operations, power trading, and risk management.

Under its Medium-Term Vision 2028, Astmax targets ROE exceeding 9% and ROIC exceeding 8% to improve capital efficiency. To secure profitability above the cost of capital and achieve sustainable growth, the company prioritizes free cash flow generation and enhances investment efficiency.

Astmax positions contribution to SDG achievement as fundamental to its business activities and is expanding renewable energy-related operations. The company is particularly focused on developing solar and geothermal power projects and has established systems to meet the diverse needs of power consumers and power generators.

The company is advancing business selection and concentration, deciding to discontinue its asset management business and reduce its dealing operations. This strategy concentrates resources on power trading-related businesses to achieve differentiation.

As a financial strategy, Astmax prioritizes cash allocation to support growth and has clarified its shareholder return policy. The company targets a dividend payout ratio of 30% or higher and has set a minimum dividend per share of 7.00 yen.

In non-financial strategy, the company is strengthening governance and compliance, developing human capital, and improving the internal work environment. Particular emphasis is placed on cultivating next-generation management talent and establishing a new management structure as an urgent priority.

Astmax is enhancing profitability in power trading-related businesses by advancing AI-driven demand-supply adjustment and market forecasting. These efforts aim to improve power trading efficiency and profitability.

In retail operations, the company provides electricity plans tailored to customer needs and is expanding its customer base. The introduction of free plans has increased customer numbers and improved profitability.

Astmax is advancing sustainability-focused management to realize a sustainable society. The company has established a Sustainability Committee to identify material issues related to climate change and human capital, with reporting mechanisms to the Board of Directors in place.