Mid-Term Management Plan “Detailed Version” Fiscal 2027 to Fiscal 2029

Overview of Mid-Term Management Plan and Business Environment Recognition

Erex has formulated a mid-term management plan covering the fiscal years ending March 2027 to March 2029. Against the backdrop of growing domestic and international decarbonization demands and the introduction of the GX-ETS market, the company focuses on expanding its battery storage and aggregation business, utilizing domestic biomass power generation, and expanding power generation projects in Southeast Asia. The strategy aims to balance stable power supply with renewable energy utilization, addressing the increasing electricity demand in the AI era.

Growth Strategy and Specific Initiatives

The battery storage business targets an output of 100MW by FY28, including two projects scheduled to commence operations from FY26. The high-voltage retail business expects a 20% increase in contracted capacity YoY by FY25, reaching 1,500MW by FY28. Overseas, large-scale power generation projects are underway in Vietnam and Cambodia, with total investments of up to 240 million USD. The biomass fuel handling volume aims for 3 million tons by FY30, striving for a balance between price competitiveness and stable supply. Strengthening financial foundations and human resource development are also key measures supporting growth.