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ENECHANGE

ENECHANGE Ltd.

Company highlights

The largest holder on the register is 伊藤忠エネクス株式会社, at 17.2%.

Key figures

Period Apr 2025 to Mar 2026ConsolidatedJapanese GAAP

RevenueDisclosed ¥6.7B
Operating marginCalculated 8.9%
Net assets to total assetsCalculated 62.4%

Company profile

Securities code 4169 / EDINET code E36130 / Services / Fiscal year end March 31

港区虎ノ門三丁目２番２号／Capital stock ¥16 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Official website: https://enechange.co.jp/
Official website: gBizINFO (Ministry of Economy, Trade and Industry).

Company details
CEO丸岡智也 Representative
1 Consolidated subsidiaries

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Apr 2025 to Mar 2026) · filed 2026-06-22

Profitability ★★★★☆position among all companies 8.9%
Growth (revenue, 4-year average) ★★★★★position among all companies 22.1%
Capital efficiency Could not be retrieved

Business activities and revenue composition

Breakdown by business: not published

Revenue and profit

ENECHANGE

Period Apr 2025 to Mar 2026Source Annual securities reports

Net sales and operating revenue ¥6.7B　100% Cost of sales ¥0.8B　12% Selling, general and administrative expenses ¥5.3B　79% Operating income ¥0.6B　9%
Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Selling, general and administrative expenses Sales commission ¥1.9 billion Consolidated
Salaries and allowances ¥0.8 billion Consolidated
Business consignment expenses ¥0.6 billion Consolidated
Advertising expenses ¥0.4 billion Consolidated
Amortization of goodwill ¥29.07 million Consolidated
Provision of allowance for doubtful accounts ¥14.38 million Consolidated
Depreciation ¥8.28 million Parent only
Profit by stage Gross profit (loss) ¥5.9 billion Consolidated
Operating income ¥0.6 billion Consolidated
Ordinary income ¥-0.1 billion Consolidated
Net income ¥0.1 billion Consolidated

ENECHANGE

Selling, general and administrative expenses

Period Apr 2025 to Mar 2026Source Annual securities reports

Sales commission ¥1.9 billion (35.1%)35%Salaries and allowances ¥0.8 billion (15.9%)16%Business consignment expenses ¥0.6 billion (10.6%)11%Advertising expenses ¥0.4 billion (7.7%)8%Amortization of goodwill ¥0.0 billion (0.5%)Provision of allowance for doubtful accounts ¥0.0 billion (0.3%)Other (not itemized) ¥1.6 billion (30.0%)30%¥5.3B
  • Sales commission　¥1.9 billion
  • Salaries and allowances　¥0.8 billion
  • Business consignment expenses　¥0.6 billion
  • Advertising expenses　¥0.4 billion
  • Amortization of goodwill　¥0.0 billion
  • Provision of allowance for doubtful accounts　¥0.0 billion
  • Other (not itemized)　¥1.6 billion

Performance, financial position and capital allocation

Finance
62.4% Net assets to total assets Industry median 55.2% FY ending 3/2026 · consolidated / calculated
1.7% Return on assets (ROA)
¥110.49 Net assets per share
¥0.7 billion Free cash flow
¥7.7 billion Total assets
¥0.1 billion Goodwill (the part of the acquisition price above the net assets acquired)
Capital allocation
109.9% Cash conversion Industry median 106.7% FY ending 3/2026 · consolidated / calculated
8.5% Increase in working capital ★★★★★ position among all companies FY ending 3/2026 · consolidated / calculated
309.1% Property, plant and equipment purchases relative to depreciation ★★★★★ position among all companies FY ending 3/2026 · consolidated / calculated
15.5% Investment securities to net assets ★★★★☆ position among all companies FY ending 3/2026 · consolidated / calculated

Long-term changes in performance

Period 2016 to 2026Disclosed

Revenue ×36.67 from 2016 to 2026

ENECHANGE

Long-term revenue, profit and asset trends

Period 2016 to 2026Source Annual securities reportsDisclosed

Mark on the chart
7 4 1 -2 2016 2018 2020 2023 2025 2026 Net sales and operating revenue Ordinary income 2017　Net sales year on year +187.3%, Ordinary income (loss) as a share of revenue +83.4 points 2019　Ordinary income (loss) as a share of revenue -33.2 points, Ordinary income (loss) profit to loss 2020　Net sales year on year +35.1%, Ordinary income (loss) as a share of revenue +24.4 points, Ordinary income (loss) loss to profit 2023　Net sales year on year +23.7%, Ordinary income (loss) as a share of revenue -30.9 points 2024　Ordinary income (loss) as a share of revenue -23.9 points 2026　Ordinary income (loss) as a share of revenue +28.8 points 7Latest value 2026 7¥ billion 7Highest in the period shown 2025 7¥ billion 0Lowest in the period shown 2016 0¥ billion ¥ billion

ENECHANGE

Recent performance trends

Source Annual securities reports

7 4 1 -2 4 years ago 3 years ago 2 years ago Last year This year Net sales and operating revenue Ordinary income ¥ billion

Year-on-year comparison

Period 2016 to 2026Disclosed

Item20222023202420252026
Net sales ¥3.0B ¥3.7B ¥4.4B ¥6.7B ¥6.7B
Year on year (%) Could not be retrieved +23.7%◆ +17.3% comparison basis not confirmed -0.3%
Ordinary income (loss) -¥0.0B -¥1.2B -¥2.4B -¥2.1B -¥0.1B
Change from prior year Could not be retrieved 481.94x 2.08x comparison basis not confirmed 0.07x
Ordinary income (loss) as a share of Net sales -0.1% -31.0% -54.9% -31.0% -2.2%
Change (percentage points) Could not be retrieved -30.9 points◆ -23.9 points◆ comparison basis not confirmed +28.8 points◆

Fiscal periods marked for changes

Earlier fiscal periods (3)
  • 2017Net sales year on year +187.3%, Ordinary income (loss) as a share of revenue +83.4 points
  • 2019Ordinary income (loss) as a share of revenue -33.2 points, Ordinary income (loss) profit to loss
  • 2020Net sales year on year +35.1%, Ordinary income (loss) as a share of revenue +24.4 points, Ordinary income (loss) loss to profit
  • 2023Net sales year on year +23.7%, Ordinary income (loss) as a share of revenue -30.9 points
  • 2024Ordinary income (loss) as a share of revenue -23.9 points
  • 2026Ordinary income (loss) as a share of revenue +28.8 points

ENECHANGE

Earnings and net assets per share over time

Unit yenSource Annual securities reports

3 -52 -108 -164 4 years ago 3 years ago 2 years ago Last year This year Earnings per share yen 163 93 22 -48 4 years ago 3 years ago 2 years ago Last year This year Net assets per share yen
Consolidated indicators (15 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥3.0 billion ¥3.7 billion ¥4.4 billion ¥6.7 billion ¥6.7 billion
Ordinary income (loss) ¥-2.40 million ¥-1.2 billion ¥-2.4 billion ¥-2.1 billion ¥-0.1 billion
Net income (loss) attributable to owners of parent ¥-85.59 million ¥-1.3 billion ¥-5.0 billion ¥-1.3 billion ¥0.1 billion
Comprehensive income ¥-0.2 billion ¥-1.3 billion ¥-5.1 billion ¥-1.0 billion ¥0.2 billion
Net assets ¥4.8 billion ¥3.5 billion ¥-1.5 billion ¥4.6 billion ¥4.8 billion
Total assets ¥6.9 billion ¥6.8 billion ¥5.6 billion ¥7.4 billion ¥7.7 billion
Net assets per share 163.09 yen 116.21 yen -47.97 yen 106.5 yen 110.49 yen
Basic earnings (loss) per share -3.25 yen -44.01 yen -163.55 yen -36.27 yen 3.06 yen
Diluted earnings per share Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved 2.98 yen
Equity-to-asset ratio 69.2% 51.7% -26.7% 61.2% 61.9%
Return on equity Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved 2.8%
Net cash provided by (used in) operating activities ¥0.5 billion ¥-1.9 billion ¥-1.9 billion ¥0.2 billion ¥0.7 billion
Net cash provided by (used in) investing activities ¥-0.6 billion ¥-1.5 billion ¥-1.4 billion ¥-3.4 billion ¥91.31 million
Net cash provided by (used in) financing activities ¥4.3 billion ¥1.0 billion ¥2.4 billion ¥5.3 billion ¥-0.5 billion
Cash and cash equivalents ¥5.6 billion ¥3.1 billion ¥2.2 billion ¥4.3 billion ¥4.5 billion
Parent only indicators (12 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥2.8 billion ¥3.4 billion ¥4.3 billion ¥6.6 billion ¥6.7 billion
Ordinary income (loss) ¥-29.24 million ¥-1.1 billion ¥-0.7 billion ¥-1.1 billion ¥0.4 billion
Net income (loss) ¥-0.1 billion ¥-1.2 billion ¥-3.1 billion ¥-3.4 billion ¥0.1 billion
Capital stock ¥3.0 billion ¥3.1 billion ¥47.04 million ¥1.5 billion ¥21.41 million
Total number of issued shares (common stock) 14,733,190 shares 30,076,640 shares 30,935,684 shares 42,591,120 shares 42,868,284 shares
Net assets ¥4.9 billion ¥3.6 billion ¥0.5 billion ¥4.4 billion ¥4.5 billion
Total assets ¥7.0 billion ¥6.8 billion ¥5.6 billion ¥7.2 billion ¥7.5 billion
Net assets per share 166.46 yen 120.46 yen 16.22 yen 102.44 yen 104.66 yen
Basic earnings (loss) per share -4.26 yen -38.62 yen -101.92 yen -97.71 yen 2.41 yen
Diluted earnings per share Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved 2.34 yen
Equity-to-asset ratio 70.2% 52.9% 9.0% 60.3% 60.1%
Return on equity Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved 2.3%

Shareholder composition

As of 2026-03-31Disclosed

Share ownership by holder category

13,157 Shareholders
17.82% Foreign holders (total) Industry median 3.64%
47.44% Individuals and others Industry median 52.53%

ENECHANGE

Unit %Source Annual securities reports

  • Financial institutions0.03%
  • Securities firms11.53%
  • Other corporations23.17%
  • Foreign holders (institutions)17.09%
  • Foreign holders (individuals)0.73%
  • Individuals and others47.44%

Major shareholders

RankShareholderShareholding ratioShares held
1 伊藤忠エネクス株式会社 17.2% 7,375,000
2 JICVGIオポチュニティファンド１号投資事業有限責任組合 8.83% 3,784,000
3 株式会社SBI証券 8.73% 3,741,000
4 MSCO CUSTOMER SECURITIES(常任代理人 モルガン・スタンレーＭＵＦＧ証券株式会社) 8.65% 3,710,000
5 BNY GCM CLIENT ACCOUNT JPRD AC ISG（FE-AC）（常任代理人 株式会社三菱UFJ銀行） 4.14% 1,774,000
6 Energy Station Company Limited(常任代理人 みずほ証券株式会社) 2.96% 1,269,000
7 有田 一平 2.85% 1,223,000
8 上田八木短資株式会社 2.8% 1,200,000
9 ポート株式会社 1.33% 570,000
10 株式会社エプコ 0.79% 340,000

Research and development expenses and capital expenditure

Source: R&D and capital expenditure sections, annual securities reports · 2 years (2020 to 2026)Disclosed

Not disclosed Research and development
¥43.85 million Capital expenditure 0.7% of revenue (industry median 2.3%)
Fiscal year Capital expenditure
FY ending 3/2026 ¥43.85 million
FY ending 12/2020 ¥72.04 million

Revenue scale in the same industry

ENECHANGE

Source Annual securities reports of each company

Services: 671 companies · revenue · largest first・each company’s latest fiscal year・Consolidated・Disclosed

Workforce information

Source: Annual Securities Report (Apr 2025 to Mar 2026)Parent-onlyDisclosed

191 Employees (parent only) Industry median 130
37.0 Average age Industry median 38.8
2.7 years Average length of service Industry median 6.6 years
¥6.05 million Average annual salary Industry median ¥5.89 million
People and organisation
35.1¥ million Sales per employee Industry median 24.2¥ million FY ending 3/2026 · consolidated / calculated
¥3.10 million Operating income per employee
66.0% Wage gap between men and women
14.7% Women in managerial positions
75.0% Men taking childcare leave
Men 110
Women 75 Employees by gender

Administrative filings and published information

Workplace information filings

Filed 2026-08-26Disclosed

ItemValue
Employees 185
Share of board members who are women 28.6%

Audit and disclosure information

Annual securities report, year ended 2026-03-31Disclosed

ItemValue
Audit firm 監査法人アヴァンティア
Audit fees (this year, total) ¥48.00 million
Non-audit fees (this year, total) Not applicable
Going concern note Stated as not applicable
Accounting standard Japanese GAAP

See the book series →

Sources and methodology

Retrieved disclosed figures

Accounts and values from the annual securities report, by section

Major management indicators (5 years) (27 items)

ItemValueConsolidated / Non-consolidated
Comprehensive income ¥0.2 billion Consolidated
Net cash provided by (used in) operating activities ¥0.7 billion Consolidated
Net sales ¥6.7 billion Consolidated
Net cash provided by (used in) investing activities ¥91.31 million Consolidated
Diluted earnings per share 2.98 yen Consolidated
Cash and cash equivalents ¥4.5 billion Consolidated
Net assets ¥4.8 billion Consolidated
Ordinary income (loss) ¥-0.1 billion Consolidated
Total assets ¥7.7 billion Consolidated
Return on equity 2.8% Consolidated
Equity-to-asset ratio 61.9% Consolidated
Net income (loss) attributable to owners of parent ¥0.1 billion Consolidated
Net cash provided by (used in) financing activities ¥-0.5 billion Consolidated
Basic earnings (loss) per share 3.06 yen Consolidated
Net assets per share 110.49 yen Consolidated
Net sales ¥6.7 billion Parent only
Net income (loss) ¥0.1 billion Parent only
Diluted earnings per share 2.34 yen Parent only
Total number of issued shares (common stock) 42,868,284 shares Parent only
Net assets ¥4.5 billion Parent only
Ordinary income (loss) ¥0.4 billion Parent only
Total assets ¥7.5 billion Parent only
Return on equity 2.3% Parent only
Equity-to-asset ratio 60.1% Parent only
Capital stock ¥21.41 million Parent only
Basic earnings (loss) per share 2.41 yen Parent only
Net assets per share 104.66 yen Parent only

Employees (11 items)

ItemValueConsolidated / Non-consolidated
Number of employees 191 people Consolidated
Number of employees 191 people Consolidated
Wage gap between men and women (all employees) 66.0% Parent only
Average length of service (years) 2.7 years Parent only
Average annual salary ¥6.05 million Parent only
Average age (years) 37 years old Parent only
Number of employees 191 people Parent only
Number of employees 191 people Parent only
Number of employees 191 people Parent only
Wage gap between men and women (regular employees) 59.5% Parent only
Wage gap between men and women (non-regular employees) 59.6% Parent only

Shares (16 items)

ItemValueConsolidated / Non-consolidated
Total of gain loss on sale equity securities other than those not listed investment equity securities held for pure investment reporting company ¥16.99 million Consolidated
Number of shares held 24,988,000 shares Consolidated
Total number of shares held treasury shares etc 1,000 shares Consolidated
Number of issues whose number of shares decreased shares other than those not listed investment shares held for purposes other than pure investment reporting company 1 issues Consolidated
Total sale amount for decreased shares shares other than those not listed investment shares held for purposes other than pure investment reporting company ¥22.51 million Consolidated
Number of shares 42,868,284 shares Consolidated
Shareholding ratio treasury shares etc 0.0% Consolidated
Shareholding ratio 58.3% Consolidated
Number of shares held in own name treasury shares etc 1,000 shares Consolidated
Number of voting rights 428,235 units Consolidated
Number of voting rights 428,235 units Consolidated
Carrying amount on the balance sheet ¥21.50 million Consolidated
Book value equity securities other than those not listed investment equity securities held for pure investment reporting company ¥0 Consolidated
Number of issues 1 issues Consolidated
Number of issues 1 issues Consolidated
Total shareholder return 22.1% Parent only

Other disclosed items (5 items)

ItemValueConsolidated / Non-consolidated
Number of associates accounted for using equity method 3 companies Consolidated
Number of consolidated subsidiaries 1 companies Consolidated
Rate of male employees taking childcare leave (all employees) 75.0% Parent only
Total return on the share price index 76.2% Parent only
Ratio of female employees in managerial positions 14.7% Parent only

Property and facilities (1 items)

ItemValueConsolidated / Non-consolidated
Capital expenditures ¥43.85 million Consolidated

Audit (2 items)

ItemValueConsolidated / Non-consolidated
Fees for audit and attestation services - reporting company ¥48.00 million Consolidated
Fees for audit and attestation services - total ¥48.00 million Consolidated

Accounts unique to this company (10 items)

ItemValueConsolidated / Non-consolidated
Revenue ¥0.2 billion Consolidated
Revenue ¥93.00 million Consolidated
Revenue ¥-4.39 million Consolidated
Revenue ¥77.37 million Consolidated
Revenue ¥16.29 million Consolidated
Revenue ¥0.5 billion Consolidated
Change in average annual salary from the previous year 1.4% Parent only
Revenue ¥0.2 billion Parent only
Revenue ¥93.00 million Parent only
Revenue ¥0.5 billion Parent only

Balance sheet (107 items)

ItemValueConsolidated / Non-consolidated
Other ¥0.3 billion Consolidated
Other ¥33.23 million Consolidated
Valuation difference on available-for-sale securities ¥0.15 million Consolidated
Goodwill ¥0.1 billion Consolidated
Software ¥1.14 million Consolidated
Work in process ¥14.16 million Consolidated
Retained earnings ¥0.2 billion Consolidated
Prepaid expenses ¥94.39 million Consolidated
Non-current liabilities ¥0.3 billion Consolidated
Non-current assets ¥1.4 billion Consolidated
Accounts receivable - trade and contract assets ¥1.5 billion Consolidated
Contract liabilities ¥49.73 million Consolidated
Tools, furniture and fixtures ¥22.96 million Consolidated
Guarantee deposits ¥0.1 billion Consolidated
Buildings and structures, net ¥30.67 million Consolidated
Investments and other assets ¥1.2 billion Consolidated
Investment securities ¥0.7 billion Consolidated
Subscription rights to shares ¥45.51 million Consolidated
Property, plant and equipment ¥53.63 million Consolidated
Accounts receivable - other ¥96.76 million Consolidated
Income taxes payable ¥39.28 million Consolidated
Accounts payable - other ¥0.8 billion Consolidated
Shareholders' equity ¥4.5 billion Consolidated
Current liabilities ¥2.6 billion Consolidated
Current assets ¥6.3 billion Consolidated
Accumulated depreciation ¥-31.95 million Consolidated
Foreign currency translation adjustment ¥0.3 billion Consolidated
Intangible assets ¥0.1 billion Consolidated
Cash and cash equivalents ¥4.5 billion Consolidated
Cash and deposits ¥4.5 billion Consolidated
Short-term loans payable ¥0.1 billion Consolidated
Net assets ¥4.8 billion Consolidated
Net assets ¥4.8 billion Consolidated
Total assets ¥7.7 billion Consolidated
Deferred tax assets ¥0.2 billion Consolidated
Treasury stock ¥-0.65 million Consolidated
Valuation and translation adjustments ¥0.3 billion Consolidated
Liabilities ¥2.9 billion Consolidated
Liabilities and net assets ¥7.7 billion Consolidated
Provision for sales promotion expenses ¥0.5 billion Consolidated
Accounts payable - trade ¥36.73 million Consolidated
Allowance for doubtful accounts ¥-59.89 million Consolidated
Allowance for doubtful accounts ¥-4.51 million Consolidated
Capital surplus ¥4.2 billion Consolidated
Capital stock ¥21.41 million Consolidated
Provision for bonuses ¥0.3 billion Consolidated
Long-term loans payable ¥0.3 billion Consolidated
Long-term accounts receivable-other ¥91.33 million Consolidated
Long-term loans receivable ¥0.1 billion Consolidated
Current portion of long-term loans payable ¥0.2 billion Consolidated
Other ¥22.37 million Parent only
Other ¥39.49 million Parent only
Other ¥14.36 million Parent only
Valuation difference on available-for-sale securities ¥0.15 million Parent only
Other capital surplus ¥4.4 billion Parent only
Goodwill ¥0.1 billion Parent only
Software ¥1.14 million Parent only
Work in process ¥14.16 million Parent only
Retained earnings ¥0.1 billion Parent only
Prepaid expenses ¥94.39 million Parent only
Non-current liabilities ¥0.3 billion Parent only
Non-current assets ¥1.2 billion Parent only
Accounts receivable - trade and contract assets ¥1.5 billion Parent only
Contract liabilities ¥49.73 million Parent only
Tools, furniture and fixtures ¥22.96 million Parent only
Guarantee deposits ¥0.1 billion Parent only
Buildings and structures ¥30.67 million Parent only
Investments and other assets ¥1.0 billion Parent only
Investment securities ¥21.50 million Parent only
Subscription rights to shares ¥45.51 million Parent only
Property, plant and equipment ¥53.63 million Parent only
Accounts receivable - other ¥96.76 million Parent only
Accrued income ¥18.83 million Parent only
Accrued consumption taxes ¥0.2 billion Parent only
Accrued expenses ¥31.21 million Parent only
Accounts payable - other ¥0.9 billion Parent only
Shareholders' equity ¥4.5 billion Parent only
Current liabilities ¥2.6 billion Parent only
Current assets ¥6.3 billion Parent only
Intangible assets ¥0.1 billion Parent only
Cash and deposits ¥4.5 billion Parent only
Short-term loans payable ¥0.1 billion Parent only
Advances paid ¥0.04 million Parent only
Net assets ¥4.5 billion Parent only
Net assets ¥4.5 billion Parent only
Total assets ¥7.5 billion Parent only
Deferred tax assets ¥0.2 billion Parent only
Retained earnings brought forward ¥0.1 billion Parent only
Treasury stock ¥-0.65 million Parent only
Valuation and translation adjustments ¥0.15 million Parent only
Liabilities ¥2.9 billion Parent only
Liabilities and net assets ¥7.5 billion Parent only
Provision for sales promotion expenses ¥0.5 billion Parent only
Accounts payable - trade ¥36.73 million Parent only
Allowance for doubtful accounts ¥-59.89 million Parent only
Allowance for doubtful accounts ¥-4.51 million Parent only
Capital surplus ¥4.4 billion Parent only
Legal capital surplus ¥11.41 million Parent only
Capital stock ¥21.41 million Parent only
Provision for bonuses ¥0.3 billion Parent only
Long-term loans payable ¥0.3 billion Parent only
Long-term accounts receivable-other ¥91.33 million Parent only
Long-term loans receivable ¥0.1 billion Parent only
Investments in capital of subsidiaries and affiliates ¥0.5 billion Parent only
Shares of subsidiaries and associates ¥32.90 million Parent only
Deposits received ¥50.77 million Parent only
Current portion of long-term loans payable ¥0.2 billion Parent only

Statement of income (94 items)

ItemValueConsolidated / Non-consolidated
Other ¥8.48 million Consolidated
Other ¥3.07 million Consolidated
Other comprehensive income ¥76.74 million Consolidated
Valuation difference on available for sale securities net of tax ¥-6.27 million Consolidated
Amortization of goodwill ¥29.07 million Consolidated
Comprehensive income ¥0.2 billion Consolidated
Insurance ¥23.66 million Consolidated
Interest income ¥12.80 million Consolidated
Commission fee ¥0.18 million Consolidated
Operating income ¥0.6 billion Consolidated
Non-operating income ¥21.47 million Consolidated
Non-operating expenses ¥0.8 billion Consolidated
Net cash provided by (used in) operating activities ¥0.7 billion Consolidated
Cost of sales ¥0.8 billion Consolidated
Gross profit (loss) ¥5.9 billion Consolidated
Net sales ¥6.7 billion Consolidated
Advertising expenses ¥0.4 billion Consolidated
Net income ¥0.1 billion Consolidated
Net income ¥0.1 billion Consolidated
Net income (loss) ¥0.1 billion Consolidated
Net income (loss) ¥0.1 billion Consolidated
Loss on sales of investment securities ¥1.53 million Consolidated
Gain on sales of investment securities ¥17.74 million Consolidated
Net cash provided by (used in) investing activities ¥91.31 million Consolidated
Share of loss of investments accounted for using equity method ¥0.7 billion Consolidated
Share of other comprehensive income of investments accounted for using equity method ¥60.21 million Consolidated
Interest expenses ¥14.54 million Consolidated
Commission fees ¥11.11 million Consolidated
Exercise of subscription rights to shares ¥22.82 million Consolidated
Stock issuance cost ¥0.42 million Consolidated
Business consignment expenses ¥0.6 billion Consolidated
Income taxes - current ¥3.47 million Consolidated
Income taxes ¥-0.2 billion Consolidated
Income taxes - deferred ¥-0.3 billion Consolidated
Foreign exchange losses ¥5.47 million Consolidated
Foreign currency translation adjustment net of tax ¥22.80 million Consolidated
Extraordinary income ¥41.41 million Consolidated
Extraordinary loss ¥9.04 million Consolidated
Effect of exchange rate change on cash and cash equivalents ¥0.01 million Consolidated
Net increase (decrease) in cash and cash equivalents ¥0.2 billion Consolidated
Taxes and dues ¥0 Consolidated
Income (loss) before income taxes ¥-0.1 billion Consolidated
Income (loss) before income taxes ¥-0.1 billion Consolidated
Ordinary income ¥-0.1 billion Consolidated
Salaries and allowances ¥0.8 billion Consolidated
Purchase of treasury stock ¥-0.10 million Consolidated
Comprehensive income attributable to owners of parent ¥0.2 billion Consolidated
Net cash provided by (used in) financing activities ¥-0.5 billion Consolidated
Sales commission ¥1.9 billion Consolidated
Selling, general and administrative expenses ¥5.3 billion Consolidated
Provision of allowance for doubtful accounts ¥14.38 million Consolidated
Change of scope of consolidation ¥-29.84 million Consolidated
Loss on liquidation of subsidiaries and affiliates ¥7.52 million Consolidated
Other ¥8.48 million Parent only
Other ¥0.49 million Parent only
Other ¥36.50 million Parent only
Amortization of goodwill ¥29.07 million Parent only
Insurance ¥23.66 million Parent only
Interest income ¥12.37 million Parent only
Commission fee ¥0.18 million Parent only
Operating income ¥0.6 billion Parent only
Non-operating income ¥21.03 million Parent only
Non-operating expenses ¥0.2 billion Parent only
Loss on retirement of non-current assets ¥0.80 million Parent only
Cost of sales ¥0.8 billion Parent only
Gross profit (loss) ¥5.9 billion Parent only
Net sales ¥6.7 billion Parent only
Advertising expenses ¥0.4 billion Parent only
Net income (loss) ¥0.1 billion Parent only
Net income (loss) ¥0.1 billion Parent only
Loss on investments in partnership ¥0.2 billion Parent only
Gain on sales of investment securities ¥17.74 million Parent only
Interest expenses ¥14.54 million Parent only
Commission fees ¥11.11 million Parent only
Issuance of new shares ¥22.82 million Parent only
Stock issuance cost ¥0.42 million Parent only
Business consignment expenses ¥0.6 billion Parent only
Income taxes - current ¥2.62 million Parent only
Income taxes ¥-0.2 billion Parent only
Income taxes - deferred ¥-0.3 billion Parent only
Depreciation ¥8.28 million Parent only
Foreign exchange losses ¥5.25 million Parent only
Extraordinary income ¥46.47 million Parent only
Extraordinary loss ¥0.6 billion Parent only
Taxes and dues ¥0 Parent only
Income (loss) before income taxes ¥-0.1 billion Parent only
Ordinary income ¥0.4 billion Parent only
Salaries and allowances ¥0.8 billion Parent only
Purchase of treasury stock ¥-0.10 million Parent only
Sales commission ¥1.9 billion Parent only
Selling, general and administrative expenses ¥5.3 billion Parent only
Provision of allowance for doubtful accounts ¥14.25 million Parent only
Loss on valuation of shares of subsidiaries and associates ¥0.5 billion Parent only
Gain on liquidation of subsidiaries and associates ¥5.07 million Parent only

Statement of changes in equity (4 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥0.2 billion Consolidated
Net changes in items other than shareholders' equity ¥0.1 billion Consolidated
Total changes during the period ¥0.2 billion Parent only
Net changes in items other than shareholders' equity ¥27.08 million Parent only

Statement of cash flows (41 items)

ItemValueConsolidated / Non-consolidated
Other ¥2.07 million Consolidated
Other ¥-10.78 million Consolidated
Other ¥-0.52 million Consolidated
Increase (decrease) in other liabilities ¥-0.1 billion Consolidated
Decrease (increase) in other assets ¥-11.83 million Consolidated
Amortization of goodwill ¥29.07 million Consolidated
Increase decrease in notes and accounts payable trade ¥-7.66 million Consolidated
Proceeds from insurance income ¥23.66 million Consolidated
Interest expenses paid ¥-14.62 million Consolidated
Decrease (increase) in advance payments to suppliers ¥0.30 million Consolidated
Insurance ¥-23.66 million Consolidated
Interest and dividend income ¥13.28 million Consolidated
Decrease increase in notes and accounts receivable trade ¥-0.6 billion Consolidated
Increase (decrease) in contract liabilities ¥-0.3 billion Consolidated
Subtotal ¥0.6 billion Consolidated
Payments for guarantee deposits ¥-23.77 million Consolidated
Purchase of investment securities ¥-77.40 million Consolidated
Proceeds from sales of investment securities ¥83.87 million Consolidated
Loss (gain) on sales of long-term investment securities ¥-16.22 million Consolidated
Equity in earnings losses of affiliates ¥0.7 billion Consolidated
Interest expenses ¥14.54 million Consolidated
Proceeds from collection of lease and guarantee deposits ¥41.14 million Consolidated
Proceeds from issuance of subscription rights to shares ¥10.65 million Consolidated
Proceeds from exercise of share acquisition rights ¥22.24 million Consolidated
Purchase of property plant and equipment ¥-37.71 million Consolidated
Proceeds from sales of property plant and equipment ¥0.32 million Consolidated
(Increase) decrease in accounts receivables other ¥4.12 million Consolidated
Increase decrease in income taxes payable the factor based tax ¥16.59 million Consolidated
Decrease in consumption taxes payable ¥0.2 billion Consolidated
Increase (decrease) in accounts payable-other ¥85.22 million Consolidated
Stock issuance cost ¥0.42 million Consolidated
Share-based payment expenses ¥19.59 million Consolidated
Decrease (increase) in inventories ¥-13.98 million Consolidated
Income taxes paid ¥-1.80 million Consolidated
Depreciation ¥12.20 million Consolidated
Decrease/increase in short-term loans payable ¥-0.1 billion Consolidated
Increase decrease in provision for sales promotion expenses ¥0.4 billion Consolidated
Collection of loans receivable ¥99.35 million Consolidated
Increase (decrease) in allowance for doubtful accounts ¥4.97 million Consolidated
Increase (decrease) in provision for bonuses ¥0.2 billion Consolidated
Repayment of long term loans payable ¥-0.4 billion Consolidated
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥0.7 billion ConsolidatedDisclosed
Number of employees 191 ConsolidatedDisclosed
Net assets ¥4.8 billion ConsolidatedDisclosed
Net sales ¥6.7 billion ConsolidatedDisclosed
Operating income ¥0.6 billion ConsolidatedDisclosed
Ordinary income ¥-0.1 billion ConsolidatedDisclosed
Net income ¥0.1 billion ConsolidatedDisclosed
Total assets ¥7.7 billion ConsolidatedDisclosed
Operating margin 8.9%ConsolidatedCalculated
Net margin 2.0%ConsolidatedCalculated
Sales per employee 35065607 yenConsolidatedCalculated
Total asset turnover 0.87 timesConsolidatedCalculated
Net assets to total assets 62.4%ConsolidatedCalculated
How to read the figures, and caveats

Terms

  • Consolidated: the parent company together with the subsidiaries it consolidates
  • Parent-only: the single company that filed the annual securities report
  • Calculated: a disclosed figure put through the formula shown
  • Not disclosed: no such value in the filing (not treated as zero)
  • Not retrieved: a value this page could not extract, including values in the filing that could not be matched. The same item may appear in another table
  • Segment: a business division the company uses in its disclosures
  • Industry median: the middle value among companies in the same industry that disclose the item
  • ★: position when every company is lined up by value (not a judgement of the company)See the formulas
  • Source: document name, period covered, filing date and where it was obtained
  • Tables scroll sideways

Key figures

  • Operating margin 8.9%　Operating income ÷ net sales 　＝ ¥0.6 billion ÷ ¥6.7 billion
    Operating income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Net margin 2%　Net income ÷ net sales 　＝ ¥0.1 billion ÷ ¥6.7 billion
    Net income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Sales per employee 35,065,607 yen　Sales or operating revenue ÷ employees 　＝ ¥6.7 billion ÷ 191 people
    Sales or operating revenue ÷ employees. The denominator is Number of employees (Consolidated, Japanese GAAP).
  • Total asset turnover 0.87 times　Sales or operating revenue ÷ total assets 　＝ ¥6.7 billion ÷ ¥7.7 billion
    Sales or operating revenue ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).
  • Net assets to total assets 62.4%　Net assets ÷ total assets 　＝ ¥4.8 billion ÷ ¥7.7 billion
    Net assets ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).

Company details

  • Representative　Representative Director, gBizINFO
  • Consolidated subsidiaries　Annual Securities Report

Business activities and revenue composition

  • Breakdown by business: machine transcription of segment information (business divisions used in disclosures) in the annual securities report. No table where segment sales differ from the disclosed total by more than 1%, or where the company reports a single business

Amounts by account

  • Totals and their component lines together; consolidated and parent-only figures mixed (right-hand column)

Selling, general and administrative expenses

  • Breakdown of selling, general and administrative expenses (costs of selling and running the company). Cost of sales not included
  • Each item: already inside the SG&A total (not added to it)

Finance

  • Net assets to total assets　Net assets ÷ total assets
  • Return on assets (ROA)　Net income ÷ total assets (consolidated)
  • Net assets per share　Consolidated
  • Free cash flow　Free cash flow: operating cash flow (cash generated by the business) plus investing cash flow (asset purchases, disposals and other investments), consolidated
  • Total assets　Consolidated
  • Goodwill (the part of the acquisition price above the net assets acquired)　2% of net assets (consolidated)

Capital allocation

  • ★: position when all companies are sorted by value and cut into fifths (a position, not a rating). The five items with ★: only where both numerator and denominator are available on a consolidated basisSee the formulas
  • Cash conversion　Net cash provided by (used in) operating activities ÷ operating income
  • Increase in working capital　(increase in trade receivables + increase in inventories) ÷ net sales (or operating revenue)。Trade receivables up ¥0.6 billion + inventories up ¥13.98 million, over net sales ¥6.7 billion
  • Property, plant and equipment purchases relative to depreciation　Purchase of property, plant and equipment ÷ depreciation。Purchase of property, plant and equipment ¥37.71 million, over depreciation ¥12.20 million
  • Investment securities to net assets　Investment securities ÷ net assets。Investment securities ¥0.7 billion, over net assets ¥4.8 billion

Long-term changes in performance

  • Revenue　Disclosed value for 2026 ÷ disclosed value for 2016

Year-on-year comparison

  • Year on year: calculated only where the item, reporting range and accounting standard match and the periods are consecutive
  • Comparison basis not confirmed: periods with a change of accounting standard or reporting range, a moved fiscal year end, or an unconfirmed period
  • ◆: a period where revenue moved 20% or more from the prior year, profit as a share of revenue moved 2.0 percentage points or more, or profit or loss changed sign. Item used named in the table and list. Not a ranking of companies

Earnings and net assets per share over time

  • Earnings per share = net profit ÷ shares; net assets per share = net assets ÷ shares. Disclosed values from the key financial indicators of the annual securities report. No share prices used

Share ownership by holder category

  • Source: ownership table, annual securities report. Percentages as disclosed, calculated on trading units (some companies do not total exactly 100%). Foreign holders (total): institutions and individuals combined. “Individuals and others”: a register category (not necessarily the share actually held by individuals). Industry median: the middle value among companies in Services that disclose the item (industries with at least 5 companies only).

Major shareholders

  • Source: major shareholders table, annual securities report. Trust bank holdings as written (whose trust is not disclosed)

Research and development expenses and capital expenditure

  • Research and development: total in the R&D section of the annual securities report. Capital expenditure: this year’s actual spending in the capital expenditure overview (not a plan). Years: only those available in the annual securities reports on hand (one to four per company); no row for other years. Share of revenue: divided by consolidated revenue in the same annual securities report. Industry median: the middle value among companies in Services that disclose the item (industries with at least 5 companies only).

Revenue scale in the same industry

  • Revenue (disclosed values) of companies in the same industry, using the same grouping as the industry pages. Only the top three and the two companies either side of this one. Bar length relative to the largest company (100). An order of size, not a ranking of quality

Workforce information

  • All four: the reporting company (parent-only), as disclosed in the employee section of the annual securities report. Employees across the consolidated group: 191 (a different scope, kept apart from the four above). Industry median: the middle value among companies in Services that disclose the item (industries with at least 5 companies only).

People and organisation

  • Sales per employee　Net sales (or operating revenue) ÷ employees
  • Operating income per employee　Operating income ÷ employees
  • Wage gap between men and women　Women's pay with men's pay set to 100, reporting company
  • Women in managerial positions　Reporting company (parent only)
  • Men taking childcare leave　Reporting company (parent only)
  • Employees by gender　gBizINFO

Workplace information filings

  • Source: processed from Shokuba-labo, the workplace information site of the Ministry of Health, Labour and Welfare. Items the company filed only Shokuba-labo

Audit and disclosure information

  • Whether there is a going concern note (the accounting assumption that a company will continue operating), and audit information
  • Audit firm, audit fees, going concern note and accounting standard: facts written in the latest annual securities report and the audit report filed with it (not a judgement of the company). Going concern note: “note” when the note text is present, “not applicable” when the report states nothing to report, “cannot be determined” when neither appears. Note text not reproduced. Amended filings not shown (annual securities reports only)

Data sources and calculation methods

Primary source: the annual securities report of ENECHANGE Ltd. on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 6010601047805 / Accounting standard: Japanese GAAP

  • Amounts: machine transcription of EDINET XBRL (no manual re-keying). Long narrative notes are text and not in the account list. Identifiers: machine transcription of the EDINET code list (retrieved 2026-08-22)
  • ★: position of the value calculated from disclosed figures among the 4,240 companies on this site, on a five-step scale. Not a judgement of the company. No forecasts usedThe formulas and how they are counted
  • No rank: net assets as a share of total assets, cash conversion and revenue per employee (size alone does not show quality). Industry median shown for comparison. Cash conversion of 100%: operating cash flow equal to operating profit
  • Profit-and-loss chart: only where “sales − cost of sales − SG&A = operating income” holds between disclosed values. Cost breakdown: the six largest SG&A items
  • Trend charts: key financial indicators of the annual securities report. Amounts in billions of yen (dividend per share in yen). Long-run chart joins reports filed in different years (newer report for overlapping years). Some items stop part-way after a change of accounting standard. A stock split changes the weight of one share. Consolidated and parent-only in separate tables
  • Revenue scale in the same industry: bars of revenue (disclosed values) of companies in the same industry grouping as the industry pages, largest first. Only the top three and the two companies either side of this one. Each company’s latest fiscal year. An order of size, not a ranking of quality or an investment view
  • Share prices: not published (no data source allows redistribution). No share-price-based indicators (such as the price earnings ratio) and no extension of past growth into the future
  • Average age, average length of service and average annual salary: the reporting company alone (the parent). At a holding company, a small head-office staff. Payout ratio (basic facts): dividend per share ÷ consolidated earnings per share, calculated here (the payout ratio in the annual securities report is the reporting company’s figure, on a different basis). Representative and founding date: gBizINFO (Ministry of Economy, Trade and Industry), some companies only
  • “Retrieved disclosed figures”: every value readable as a number from the annual securities report. Company-wide values only (no segment or other breakdowns)
  • Segment table: machine transcription of the segment information in the annual securities report. Business names as labelled by the company in its XBRL. No table where segment sales differ from the disclosed total by more than 1%. Adjustments, corporate, eliminations and “other” left out of the table and the share denominator, as they are not businesses
  • Breakdowns of amounts, not diagrams of how the business works. Who pays whom, and for what, is not in the disclosed figures; no lines drawn from guesswork