Enechange Ltd. (JP:4169) has released an update.
ENECHANGE Ltd. has reported a substantial financial hit in its FY23 results, with non-operating expenses of 411 million JPY and additional extraordinary losses totaling 2,554 million JPY. These figures include significant impairments in the EV Charging Business, provisions for financial statement corrections, and investment securities valuation losses. The impact on the company’s finances is a result of interest payments, syndication fees, and losses in fixed assets and investments.
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