Erex faces JPY 1bn collection risk from bankrupt partner ENETRADE

Erex Co., Ltd. announced on October 10, 2025, that it faces a risk of non-collection or delayed collection of receivables from ENETRADE Inc. This follows ENETRADE's petition for civil rehabilitation proceedings on October 9, 2025. ENETRADE, a power wholesale business, has a capital stock of JPY 17.5 million.

Erex's total receivables from ENETRADE are estimated at JPY 1,003 million as of October 10, 2025. This includes JPY 886 million in trade receivables and JPY 116 million in other receivables. The total receivables represent 1.56% of Erex's equity attributable to the owners of the parent company, which was JPY 64,144 million as of March 31, 2025. Additionally, Erex has payables of JPY 470 million to ENETRADE.

Erex is currently reviewing the impact of these events on its financial performance for the current fiscal year and has committed to promptly announcing any significant effects.