Komori
Financial Results Presentation9517eREX Co.,Ltd.Electricity and gas

Supplementary Materials for First-Half Financial Results for the Fiscal Year Ending March 2027

In the first half, net sales rose 30.4% year on year, driven by higher electricity market prices and other factors, while operating profit declined because of higher procurement prices and rising costs in the overseas business. Operating profit exceeded the first-half plan, but profit before tax and interim profit fell short of plan because of the impact of the stronger yen.

Worth reading
55In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
263
¥100 million (year-on-year increase in net sales)
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Supplementary Materials to the Earnings ReportFirst half of the fiscal year ending March 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,128 100 million+30.4%
Operating profit¥5 100 million-84.2%
Ordinary income¥1 100 million -96.6%IFRS profit before tax
Net income¥-3 100 million interim profit attributable to owners of the parent
Gross Profit Margin5.3 %
Operating profit margin0.5 %
Selling, general and administrative expenses¥60 100 million
Results for the three months of the current quarter
Net Sales
¥643 100 million
Gross margin
¥22 100 million
Selling, general and administrative expenses
¥31 100 million
Operating profit
¥0 100 million
Pretax profit
¥-11 100 million
Profit for the period
¥-12 100 million
Full-year earnings forecast
Net Sales
¥2,406 100 million
Gross margin
¥191 100 million
Selling, general and administrative expenses
¥133 100 million
Operating profit
¥78 100 million
Pretax profit
¥92 100 million
Net income
¥54 100 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales46.9
Gross margin31.2
Selling, general and administrative expenses45.1
Operating profit7.3
Pretax profit1.2
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
First-half performance exceeded plan, but profit before tax and interim profit attributable to owners of the parent were below plan.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Higher electricity market prices and selling prices
    DirectionRevenue growth
  • Increased external fuel sales volume
    DirectionRevenue growth
  • Improved capacity utilization in the overseas business
    DirectionRevenue growth
  • Higher procurement prices in the retail business
    DirectionProfit decrease
  • Lower electricity sales volume due to a cool summer
    DirectionProfit decrease
  • Higher fuel and raw material prices in the overseas business, and higher selling, general and administrative expenses
    DirectionProfit decrease
  • Yen appreciation
    DirectionProfit before tax and interim profit below plan
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Electricity market volatility
  • Trends in fuel and raw material prices
  • Electricity futures prices for the second half of fiscal 2026
    FigureMultiple prices shown in the graph
New initiatives
  • Launched an aggregation service in September 2026 for grid-scale batteries owned by other companies
  • The second grid-scale battery project began commercial operations in October 2026
  • Obtained government approval in Cambodia for a feasibility study and investment in a data center business
  • Completed the third biomass co-firing test at the Nonsong coal-fired power plant in Vietnam
Key KPIsA metric the company considers important as a management benchmark.
  • High-voltage electricity sold1,417 GWh
    Year on year against the same period last year96.3%
  • High-voltage contracted capacity1,024 MW
    Year on year against the same period last year97.0%
  • Low-voltage electricity sold556 GWh
    Year on year against the same period last year96.2%
  • Number of low-voltage supply contracts280 ten thousand items
    Year on year against the same period last year109.0%
  • Power generation (total for 4 power plants)808 GWh
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • High-voltage electricity sold1,417 GWh
    Year on year against the same period last year96.3%
  • High-voltage revenue¥335 100 million
    Year on year against the same period last year112.2%
  • Low-voltage electricity sold556 GWh
    Year on year against the same period last year96.2%
  • Number of low-voltage supply contracts280 ten thousand items
    Year on year against the same period last year109.0%
Segment results
  • Retail and trading
    Net Sales¥1,302 100 million (YoY +32.3%)
    Operating profit¥16 100 million (YoY -62.8%)
  • Power generation and fuel
    Net Sales¥278 100 million (YoY +4.1%)
    Operating profit¥-1 100 million
  • Overseas
    Net Sales¥24 100 million (YoY +700.0%)
    Operating profit¥-13 100 million
  • Other consolidation adjustments
    Net Sales¥-477 100 million
    Operating profit¥-8 100 million
  • IFRS adjustments
    Operating profit¥13 100 million (YoY +18.2%)
Contents of this document
ItemDetails
Document typeSupplementary Materials to the Earnings Report
Fiscal Period CoveredFirst half of the fiscal year ending March 2027
Net Sales¥1,128 100 million (YoY +30.4%)
Operating profit¥5 100 million (YoY -84.2%)
Ordinary income¥1 100 million (IFRS profit before tax) (YoY -96.6%)
Net income¥-3 100 million (interim profit attributable to owners of the parent)
Gross Profit Margin5.3 %
Operating profit margin0.5 %
Selling, general and administrative expenses¥60 100 million
Results for the three months of the current quarterNet Sales ¥643 100 million / Gross margin ¥22 100 million / Selling, general and administrative expenses ¥31 100 million / Operating profit ¥0 100 million / Pretax profit ¥-11 100 million / Profit for the period ¥-12 100 million
Full-year earnings forecastNet Sales ¥2,406 100 million / Gross margin ¥191 100 million / Selling, general and administrative expenses ¥133 100 million / Operating profit ¥78 100 million / Pretax profit ¥92 100 million / Net income ¥54 100 million
Progress against full-year forecastNet Sales 46.9 / Gross margin 31.2 / Selling, general and administrative expenses 45.1 / Operating profit 7.3 / Pretax profit 1.2
Self-assessment against the planFirst-half performance exceeded plan, but profit before tax and interim profit attributable to owners of the parent were below plan.
Segment resultsSegment Retail and trading / Net Sales ¥1,302 100 million (YoY +32.3%) / Operating profit ¥16 100 million (YoY -62.8%), Segment Power generation and fuel / Net Sales ¥278 100 million (YoY +4.1%) / Operating profit ¥-1 100 million, Segment Overseas / Net Sales ¥24 100 million (YoY +700.0%) / Operating profit ¥-13 100 million, Segment Other consolidation adjustments / Net Sales ¥-477 100 million / Operating profit ¥-8 100 million, Segment IFRS adjustments / Net Sales Not disclosed / Operating profit ¥13 100 million (YoY +18.2%)
Breakdown of Factors Affecting the ChangeFactors Higher electricity market prices and selling prices / Direction Revenue growth, Factors Increased external fuel sales volume / Direction Revenue growth, Factors Improved capacity utilization in the overseas business / Direction Revenue growth, Factors Higher procurement prices in the retail business / Direction Profit decrease, Factors Lower electricity sales volume due to a cool summer / Direction Profit decrease, Factors Higher fuel and raw material prices in the overseas business, and higher selling, general and administrative expenses / Direction Profit decrease, Factors Yen appreciation / Direction Profit before tax and interim profit below plan
Key KPIsIndicator name High-voltage electricity sold / Value 1,417 GWh / Year on year against the same period last year 96.3%, Indicator name High-voltage contracted capacity / Value 1,024 MW / Year on year against the same period last year 97.0%, Indicator name Low-voltage electricity sold / Value 556 GWh / Year on year against the same period last year 96.2%, Indicator name Number of low-voltage supply contracts / Value 280 ten thousand items / Year on year against the same period last year 109.0%, Indicator name Power generation (total for 4 power plants) / Value 808 GWh / Year on year against the same period last year Not disclosed
Unit price and quantity metricsIndicator name High-voltage electricity sold / Value 1,417 GWh / Year on year against the same period last year 96.3%, Indicator name High-voltage revenue / Value ¥335 100 million / Year on year against the same period last year 112.2%, Indicator name Low-voltage electricity sold / Value 556 GWh / Year on year against the same period last year 96.2%, Indicator name Number of low-voltage supply contracts / Value 280 ten thousand items / Year on year against the same period last year 109.0%
Assumptions Underlying the Business OutlookItem Electricity market volatility / Figure Not disclosed, Item Trends in fuel and raw material prices / Figure Not disclosed, Item Electricity futures prices for the second half of fiscal 2026 / Figure Multiple prices shown in the graph
New initiativesLaunched an aggregation service in September 2026 for grid-scale batteries owned by other companies, The second grid-scale battery project began commercial operations in October 2026, Obtained government approval in Cambodia for a feasibility study and investment in a data center business, Completed the third biomass co-firing test at the Nonsong coal-fired power plant in Vietnam
Items this document does not state (12)
Number of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Net sales increased because of higher selling prices accompanying the rise in electricity market prices, expanded external fuel sales and improved capacity utilization in the overseas business. Operating profit declined because of higher procurement prices in the retail business, lower electricity sales volumes due to a cool summer and higher costs in the overseas business. Profit before tax and interim profit attributable to owners of the parent fell short of plan because of the negative impact of the stronger yen.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Supplementary Materials for First-Half Financial Results for the Fiscal Year Ending March 2027 | eREX Co.,Ltd. (9517) timely disclosure | Komori