erex Co.,Ltd.
9517・Prime Market・Electric Power & Gas
Governance
Company with a Board of Corporate Auditors. The Board of Directors consists of 8 members in total, including 3 outside directors (5 internal, 3 outside), and the Board of Corporate Auditors comprises 3 members in total: 1 full-time corporate auditor and 2 outside corporate auditors. PwC Japan LLC serves as the accounting auditor, and internal audits are conducted by the Audit Department, which reports directly to the President. In FY2025, attendance rates at Board of Directors meetings ranged from 94% to 100% for all members.
Risk Management
The Company has established a Sustainability Committee (chaired by the director in charge of corporate planning) to manage risks such as climate change and human capital on a cross-departional basis. Based on TCFD recommendations, it conducts 1.5°C and 4°C scenario analyses, and has put in place a framework to identify and quantitatively assess risks such as changes in biomass fuel regulations and wind and flood damage risks in Southeast Asia, and to report these to the Board of Directors.
Shareholder Returns
Basic policy of stable and continuous profit distribution to shareholders, with a year-end dividend once a year as the standard. Actual dividend for FY2026 (ending March 2026) was ¥22 per share (doubled from ¥11 in the prior period), with a payout ratio of 32.2%. Annual dividend of ¥22 is planned for FY2027 (ending March 2027) as well. No mention of share buybacks.
Dividend Policy
Basic policy of stable and continuous profit distribution to shareholders, with a year-end dividend once a year as the standard. Actual dividend for FY2026 (ending March 2026) was ¥22 at year-end (total of ¥22), doubling from the prior period (¥11). Payout ratio was 32.2%, and the dividend-to-equity attributable to owners of parent ratio was 2.6%. For FY2027 (ending March 2027), although earnings forecasts remain undetermined, an annual dividend of ¥22 is planned in anticipation of generating a certain level of profit. Retained earnings are allocated to working capital and capital investment in overseas power plants and fuel factories.
ESG
The company has set a target of carbon neutrality by 2050, with an interim target of a 42% reduction in Scope 1+2+3 emissions by 2030 compared to 2021 levels. It is advancing TCFD-based scenario analysis, third-party verification of GHG emissions, TNFD response, and preparation for SSBJ standards, while also setting human capital KPIs such as raising the proportion of female managers to over 10% by 2030 and achieving a 70% male childcare leave take-up rate.
Last updated: June 25, 2026