ENECHANGE Ltd. (4169.T) Financial Statements

Income statement

Metric	TTM	2026	2025	2023	2022
Revenue
Total Revenue	7.3B	6.7B	6.7B	4.4B	3.7B
Cost of Revenue	212.7M	791.9M	1.5B	1.0B	798.3M
Gross Profit	1.3B	5.9B	5.2B	3.4B	2.9B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	1.1B	5.3B	8.9B	5.5B	4.1B
General & Admin Expense	—	—	—	—	—
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	—	—	—	—	—
Total Operating Expenses	1.1B	5.3B	8.9B	5.5B	4.1B
Cost and Expenses	8.4B	6.1B	10.3B	6.5B	4.9B
Operating Income (EBIT)	(1.1B)	592.0M	(3.6B)	(2.1B)	(1.1B)
Non-Operating
Interest Income	999.0K	12.8M	6.9M	25.0K	36.0K
Interest Expense	6.2M	14.5M	354.3M	77.9M	21.9M
Net Interest Income	(5.2M)	(1.7M)	(347.4M)	(77.9M)	(21.9M)
Other Non-Op Income/Expense	(396.6M)	(741.5M)	1.5B	(279.9M)	(35.0M)
Non-Operating Income (excl Interest)	232.0K	8.7M	5.5B	131.3M	220.4M
EBT (Pre-Tax Income)	(168.2M)	(116.4M)	(1.3B)	(5.0B)	(1.2B)
Income Tax Expense	1.4M	(247.3M)	(2.1M)	26.0M	85.9M
Bottom Line
Net Income	1.1B	130.0M	(1.3B)	(5.0B)	(1.3B)
Earnings from Cont. Ops	—	—	—	—	—
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	1.1B	130.0M	(1.3B)	(5.0B)	(1.3B)
Per Share
Basic EPS	¥32	¥3	(¥36)	(¥164)	(¥44)
Diluted EPS	¥32	¥3	—	—	—
Revenue Per Share	¥171	¥157	¥191	¥144	¥125
Shares
Basic Shares Outstanding	42.7M	42.7M	35.1M	30.5M	29.9M
Diluted Shares Outstanding	—	—	—	—	—
Profitability Metrics
EBITDA	—	604.2M	(3.5B)	(2.0B)	(1.1B)
D&A	—	12.2M	108.3M	83.3M	54.8M
EBIT	(1.1B)	592.0M	(3.6B)	(2.1B)	(1.1B)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Mar 1, 2026