ENECHANGE
Basic Information
- Stock Code
- 4169
- Industry
- Information and Communications
- Category Detail
- Internet Site Operations
- Prefecture
- Tokyo
- Establishment Year
- April 2015
- Listing Year
- December 2020
- Official Website
- https://enechange.co.jp/
- TSE Information
- TSE Information
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- Yahoo! Finance
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Overview
ENECHANGE is an energy tech company established in 2015, leading the industry with its electricity and gas switching platform and energy data services as core businesses.
Current Situation
ENECHANGE recorded consolidated sales of approximately 4.4 billion yen in the fiscal year ended December 2023 but fell into negative net worth and is undergoing business reconstruction. Its main energy platform business provides electricity and gas switching services for households and corporations, while the energy data business offers cloud-based DX services. Since 2024, due to accounting issues, the representative director was replaced, with focus on business turnaround. It is advancing capital base strengthening and technological innovation through capital and business alliance with Itochu Enex and partnership with Port Co., Ltd. It is also focusing on investments in overseas decarbonization ventures and operation of decarbonization tech funds, aiming to realize a decarbonization society. In the future, it aims to accelerate DX in the energy industry leveraging AI and digital technologies. By spinning off the EV charging business externally, it is concentrating resources on core businesses. While challenging market competition with a rich network of partnerships and technological strength, improving its financial position remains a challenge.
Trivia
Interesting Facts
- First company in energy tech industry listed on TSE Growth Market
- Founder graduated from University of Cambridge, UK, with international perspective
- Achieved industry top-class cumulative orders for EV chargers
- Company name incorporates intent of energy (ENERGY) transformation (CHANGE)
- Established Japan-originated decarbonization tech fund with active overseas investments
- Unprecedented development where founder completely exits management due to accounting issues
- Gains market superiority with smart meter analysis technology as weapon
- Deploys capital and business alliances with diverse industry companies
- Provides wide-ranging energy services from household to corporate
- Contributing to普及 of EV charging services
- Subsidiary 'ENECHANGE Innovation Limited' handles investments in overseas ventures
- Aims for global expansion through multiple venture funds
- Sets realization of decarbonization society as corporate mission
- Implementing bold business reconstruction measures amid challenging performance
- Deploys innovative business model fusing IT and energy
Hidden Connections
- Forms powerful partnership in energy distribution through alliance with Itochu Enex
- Founder representative director exited management via stock transaction with Port Co., Ltd.
- Technology venture originating from PhD research at University of Cambridge
- EV charging business company split is part of strengthened collaboration with Chubu Electric Power Group
- Mizuho Securities supports fundraising as standing proxy for the fund
- International corporate network pursuing technological innovation through business alliances with overseas decarbonization ventures
- Complex business structure intertwined with diverse competitors and collaborators in energy and communications industries
- Actively utilizes multiple SNS including X (formerly Twitter), Facebook, YouTube for information dissemination
Future Outlook
Growth Drivers
- Acceleration of DX in domestic electricity and gas market
- Strengthening of policy support for decarbonization society
- Tailwinds from expansion of renewable energy adoption
- Increasing demand for charging infrastructure accompanying EV普及
- Creation of new services from fusion of digital technology and energy
- Promotion of domestic application of overseas decarbonization technologies
- Growing environmental response needs in corporate market
- Market expansion from rising sustainability awareness
- Government policies promoting smart meter普及
- Growth of clean energy industry
- Smooth fundraising from improved industry ratings
- Market share expansion through collaboration with partner companies
Strategic Goals
- Achieve top domestic share in electricity and gas switching platform
- Reach hundreds of billions of yen in assets for decarbonization tech fund
- Expand new services in collaboration with EV charging business
- Advanced energy data analysis technology using AI
- Brand value enhancement through strengthened sustainability management foundation
- Accelerate domestic business deployment of overseas advanced technologies
- Achieve performance recovery and profitability
- Build decarbonization communities in collaboration with local society
- Diversify renewable energy related services
- Enhance employee expertise and create better working environment
Business Segments
Corporate Energy Platform
- Overview
- Supports optimal contract switching for electricity and gas, and renewable energy introduction for corporations.
- Competitiveness
- Industry-largest contract comparison data and easy switching functionality
- Customers
-
- Small and Medium Enterprises
- Large Corporations
- Government Agencies
- Non-Profit Organizations
- Renewable Energy Operators
- Energy Retailers
- Products
-
- ENECHANGE Biz
- Electricity and Gas Contract Switching Support Service
- Environmentally Friendly Energy Procurement Support
Energy Data Services
- Overview
- Provides DX services supporting data analysis and demand management for energy businesses.
- Competitiveness
- Advanced analysis technology and extensive industry data accumulation
- Customers
-
- Power Companies
- Gas Companies
- Energy-Related Ventures
- Municipalities
- Research Institutions
- Products
-
- ENECHANGE Cloud Marketing
- Demand Response Management System
- EV Charging Management System
- Renewable Energy Generation Management
Decarbonization Venture Investment and Fund Management
- Overview
- Promotes industrial innovation through investments in overseas decarbonization technologies and fund management.
- Competitiveness
- International network and specialized investment expertise
- Customers
-
- Domestic and Overseas Decarbonization Tech Companies
- Investment Partners
- Fund Participating Companies
- Products
-
- JAPAN ENERGY Fund Management
- Support for Collaboration with Overseas Decarbonization Tech Companies
Competitive Advantage
Strengths
- Advanced energy platform technology
- Abundant industry-specific data and analysis capabilities
- Diverse industry partnerships
- Active investments in decarbonization field
- Technical team with high expertise
- Flexible cloud service provision capabilities
- First energy tech company listed on the stock exchange
- Multi-faceted digital solution deployment
- Management team's technical and practical experience
- Service development responsive to market needs
- Scalability of operating platform
- Advanced demand response control technology
- Track record of introducing overseas advanced technologies
- Expertise in energy-IT integration
- Organizational reform advancing management foundation
Competitive Advantages
- High recognition and user base in electricity and gas switching market
- Cloud-based DX services as strength in business efficiency support
- Precise rate simulations leveraging abundant market data
- Technological superiority from early investments in overseas decarbonization ventures
- Top market share experience in EV charging services
- Business expansion through diverse partnerships
- Unique service development backed by high technological capabilities
- Flexible organizational structure responding to market changes
- Cross-marketing via rich customer network
- Stabilized fundraising through capital alliances
- Enhanced brand value addressing environmental and social issues
- Synergy effects from collaborations with related industries
- Achieves energy efficiency improvement with high-precision demand management technology
- Superior customization for corporate customers
- Rapid promotion system for new technology adoption
Threats
- Intensifying competition in energy market
- Credit decline risk from accounting issues
- Business impacts from regulatory or policy changes
- Intensifying technological competition in decarbonization field
- Business continuity risk from unstable cash flow
- Revenue pressure from customer churn and difficulty acquiring new customers
- Escalation of data security and privacy issues
- Impacts from social changes such as novel coronavirus
- Declining profit margins from intensified price competition
- Business risks from overseas investment targets
- Decline in technological strength from talent outflow
- Customer investment restraint due to economic fluctuations
Innovations
2020: Listed on Tokyo Stock Exchange Growth Market
- Overview
- Listed on the stock market to secure growth funds and achieved improved recognition.
- Impact
- Strengthening of fundraising capabilities and brand value enhancement
2021: Established Overseas Decarbonization Tech Fund
- Overview
- Expanded investments in overseas decarbonization technologies through establishment of Japan Energy Capital Fund II.
- Impact
- Acquisition of new technologies and promotion of business diversification
2022: Expansion of EV Charging Related Business
- Overview
- Acquired EV smart business and surpassed 3,000 cumulative EV charger orders.
- Impact
- Strengthened presence in EV market
2023: Internal Controls Strengthening Due to Accounting指摘
- Overview
- Improved accounting processes and internal audit system in response to external auditor's指摘.
- Impact
- Credit recovery through governance strengthening
2024: Representative Director CEO Change
- Overview
- Representative director resigned in response to accounting issues, aiming for business reconstruction under new regime.
- Impact
- Opportunity to stabilize management foundation
2025: EV Charging Business Company Split Transfer
- Overview
- Transferred EV charging business to Miraizu Enechange via company split.
- Impact
- Competitive strengthening through resource concentration on core businesses
Sustainability
- Active investments in overseas ventures in decarbonization field
- Promoting renewable energy use via energy platform
- Supporting supply-demand optimization using smart meters
- Technology development aiming for sustainable energy society
- Expanding services to reduce environmental impact
- Promoting energy efficiency improvement using digital technology
- Social responsibility as the first energy tech listed company in the industry
- Global decarbonization support through fund management
- Promoting普及 of EV charging infrastructure
- Strengthening internal environmental management
- Advancing decarbonization through collaboration with local communities
- Enhancing sustainability education for employees