Erex faces JPY 1bn receivable risk as Enetrade files for rehabilitation

Erex Corporation announced on October 10, 2025, that it faces potential uncollectibility or delayed collection of receivables from Enetrade Corporation. This follows Enetrade's filing for civil rehabilitation proceedings on October 9, 2025. Enetrade Corporation, headquartered in Tokyo, is involved in the wholesale electricity business.

The total amount of receivables at risk is JPY 1,003 million, comprising JPY 886 million in accounts receivable and JPY 116 million in unearned revenue. This amount represents 1.56% of the equity attributable to owners of the parent at the end of the most recent consolidated fiscal year (March 31, 2025), which was JPY 64,144 million. Additionally, Erex holds JPY 470 million in payables to Enetrade Corporation.

Erex stated that the impact on its current fiscal year's performance is still under review. The company will promptly disclose any significant impacts on its financial results as they become clearer.