(Correction) Partial Correction to the Notice Regarding Formulation of the Medium-Term Management Plan (Fiscal Years Ending March 2027 to March 2029)

Background and Core Points of the Medium-Term Management Plan

Erex Co., Ltd. began its electricity retail business in 2001, establishing a growth foundation. In 2013, it commenced operation of biomass power plants and expanded its energy business into midstream and downstream sectors. Against the backdrop of increasing domestic and international electricity demand and the transition to a decarbonized society, the company aims to build a multi-layered revenue model by continuously growing its domestic business, expanding aggregation businesses such as battery storage, responding to increased AI and data center demand, expanding biomass power generation and co-firing projects overseas, creating carbon credits, and establishing fuel supply chains to achieve a mutually circulative growth model.

Overview and Growth Strategy of the Medium-Term Management Plan

The consolidated performance targets for 2027 to 2029 are net sales from 174.9 billion yen to 208.3 billion yen, operating income from 8.5 billion yen to 11.3 billion yen, ordinary income from 8.5 billion yen to 14 billion yen, and net income from 5.5 billion yen to 9.5 billion yen. Responding to increased electricity demand domestically and internationally, the company will promote the battery storage business, utilize biomass power generation, and acquire demand in the AI era. Overseas, it will advance the construction and operation of power plants in Vietnam and Cambodia and strengthen carbon credit generation. The financial strategy emphasizes establishing a robust financing structure and cultivating global human resources.