To Our Investors
Financial Highlights
Financial highlights for the 11th fiscal period ended May 2025
-
- Distribution per unit
- 2,000 yen
-
- Operating revenue
-
4,186
million
yen
-
- Operating income
-
1,285
million
yen
-
- Ordinary income
-
856
million
yen
-
- Net income
-
855
million
yen
-
- Total assets
-
98,926
million
yen
-
- Net assets
-
41,830
million
yen
-
- Net assets per unit
- 77,899 yen
Forecast distribution per unit
-
- 12th fiscal period ending November 2025
- 2,000 yen
-
- 13th fiscal period ending May 2026
- 2,000 yen
Features of EII
Features of Enex Infrastructure Investment Corporation
Strong and Steadfast Sponsor Support
EII aims to expand the asset size steadily and create stable cash flows by investing in renewable energy power generation facilities, capitalizing on the wide-ranging support from the sponsors centering on Itochu Enex. In addition, EII aims to maximize unitholder value by providing opportunities to invest in renewable energy power generation facilities, which are strongly expected to expand as social infrastructure.
The Group has established a business model that vertically integrates and consolidates all business units from development of sources of electricity to supply-demand management and sales, contributing to stable supply of electricity to customers and reduction of electricity charges.
EII believes that it can conduct stable operations after listing by utilizing the resources of the sponsors for EII’s operations and for operating and managing renewable energy power generation facilities.
- Market research on renewable energy by Itochu Enex and Maiora
- Sumitomo Mitsui Trust Bank’s operating know-how on J-REITs and expertise in financing and other financial transactions
- Mercuria Investment’s know-how on appropriate information disclosure and highly transparent operations of investment corporations based on its proven track record of operating overseas listed REITs
- Provision of personnel and operating support for the Asset Management Company (such as conducting training sessions for the Asset Management Company’s officers and employees, providing support for building the IT environment at EII and the Asset Management Company)
ENEX Electric Power has stably operated various power generation facilities and provided stable supply of energy since its establishment in 2002. It is an engineering group that provides quality services to customers and has a strong awareness of cost control. Taking advantage of the strengths of Enex Power, EII seeks to maximize the power generation performance of its solar power generation facilities in an effort to maintain and improve their revenue and asset value.
Strong Pipeline Support
Major Assets for Investment
-
- Solar power generation facilities
- Investment ratio: 50 % or more (based on acquisition price)
-
- Wind power generation facilities, hydroelectric power
generation facilities and others - Investment ratio: 50 % or less (based on acquisition price)
- Wind power generation facilities, hydroelectric power
Various Pipelines Owned by Sponsors（as of May 31, 2025）
-
-
Number of pipeline
properties (Note 1)5 properties
-
Number of pipeline
-
-
Total installed
capacity (Note 1)25.3 MW
-
Total installed
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- The number of pipeline properties and total installed capacity indicate the sum total of the power generation facilities, either in operation, under construction or being planned, which EII has not acquired.
- The pipeline map above indicates only the facilities in operation.
Pipelines from secondary market
EII is also aiming to grow externally through proactive sourcing activities unique to the Asset Management Company. EII has obtained preferential negotiating rights for the purchase and sale of wind power plants (capacity 104.5MW) from a third party and will continue to seek to acquire wind power plants in the future.
Initiatives for Diversifying Sources of Electricity
Only listed infrastructure fund with wind and hydropower pipelines
We aim to build a more balanced portfolio by combining wind power generation facilities and hydroelectric power generation facilities, while continuing to expand the scale of our assets, mainly for solar power generation facilities.
-
- Solar power generation
-
- Facility management is relatively easy
- Fluctuation in power generation is relatively low
- Night-time power generation is not possible
-
- Wind power generation
-
- Night-time power generation is possible
- Power generation increases in winter
- Development period is long
- Advanced facility management know-how required
- ー
- Subsidiaries with know-how within the Enex Group
-
- Hydroelectric power generation
-
- Night-time power generation is possible
- Power generation increases when the snow melts
- Selection of suitable locations is limited
- Clearing land titles and other issues is a complicated process
Sound Financial Management（as of May 31, 2025）
Reduce the risk of interest rate volatility by fixing a part of interest rates and stabilize the financial base by establishing commitment lines.
Lender Formation
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Credit rating
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Commitment Line
- Maximum loan amount
-
¥3 billion
- Counterparty
-
Sumitomo Mitsui Trust Bank, Ltd.
- Commitment period
-
Jan. 31, 2025 - Nov. 30, 2027
Corporate Loan (Mezzanine Loan)
- Loan amount
-
¥5 billion
- Counterparty
-
Sumitomo Mitsui Trust Bank, Ltd.
JA Mitsui Leasing, Ltd.
- Maturity Date
-
November 30, 2032
ESG Initiatives
Our basic principle:
We aim to contribute to the global environment and realize a sustainable society by promoting renewable energy, which is a low-carbon energy source.
- Promotion and expansion of renewable energy
- Contributing to the global environment and helping to bring about a sustainable society
- Realizing a low-carbon society, resource conservation and a recycling-based society
- Preserving local environments
- Pursuing energy efficiency
- Contribution to the global environment through investment in renewable energy
- Providing a stable supply of energy
- Implementing work-style reforms and utilizing diverse human resources
- Making a social contribution to local communities (Reconstruction assistance, volunteer activities)
- Promoting lifestyle sustainability in local communities (responding to aging population)
- Advancing value-added services
- Response to the Act on Promotion of Women’s Participation and Advancement in the Workplace and Act on Advancement of Measures to Support Raising Next-Generation Children
- Embracing diversity and cultivating the next generation of leaders
- Compliance
- Information disclosure toward the global market and transparency
- Appropriate business management
- Fulfilling corporate social responsibilities and ensuring compliance
- Upholding industrial safety and health standards
- Same-boat investments
- Sponsor group’s investment
- Proactive disclosure system, including in English
- The chart above is a summary of the ESG initiatives of EII, the Asset Manager and the Enex Group, and includes items that are not directly related to EII or the Asset Manager.
Portfolio Overview
Portfolio Data（as of May 31, 2025）
-
- Total Acquisition Price
- 102.4 billion yen
-
- Total Power Plant Output
- 243.4 MW
By Region（based on acquisition price）
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Portfolio List
| Property No. | Property name | Location | Acquisition price (million yen) |
Investment ratio (%) |
Power plant output (kW) |
Tariff (yen/kWh) |
|---|---|---|---|---|---|---|
| S-01 | Takahagi Solar Power Plant | Hitachi-shi, Ibaraki | 5,602 | 5.5 | 11,544.32 | 40 |
| S-02 | Chiyoda Kogen Solar Power Plant | Yamagata-gun, Hiroshima | 590 | 0.6 | 1,595.28 | 40 |
| S-03 | JEN Hofu Solar Power Plant | Hofu-shi, Yamaguchi | 680 | 0.7 | 1,940.64 | 36 |
| S-04 | JEN Kusu Solar Power Plant | Kusu-gun, Oita | 324 | 0.3 | 1,007.76 | 40 |
| S-05 | Hokota Solar Power Plant | Hokota-shi, Ibaraki | 11,444 | 11.2 | 24,195.62 | 36 |
| S-06 | Nagasaki Kinkai Solar Power Plant | Nagasaki-shi, Nagasaki | 1,097 | 1.1 | 2,661.12 | 36 |
| S-07 | Matsusaka Solar Power Plant | Matsusaka-shi, Mie | 40,241 | 39.3 | 98,003.40 | 32 |
| S-08 | Shinshiro Solar Power Plant | Shinshiro- shi, Aichi | 465 | 0.5 | 1,540.00 | 40 |
| S-09 | Monbetsu Solar Power Plant | Monbetsu-shi, Hokkaido | 6,654 | 6.5 | 15,704.64 | 40 |
| S-10 | Takasaki Solar Power Plant A | Takasaki-shi, Gunma | 5,810 | 5.7 | 11,618.64 | 40 |
| S-11 | Takasaki Solar Power Plant B | Takasaki-shi, Gunma | 25,211 | 24.6 | 53,679.10 | 32 |
| W-01 | Tainai Wind Power Plant | Tainai-shi, Nigata | 4,379 | 4.3 | 20,000.00 | 22 |
| Total | 102,497 | 100.0 | 243,490.52 | - | ||
S-01
Takahagi Solar Power Plant
S-02
Chiyoda Kogen Solar Power Plant
S-03
JEN Hofu Solar Power Plant
S-04
JEN Kusu Solar Power Plant
S-05
Hokota Solar Power Plant
S-06
Nagasaki Kinkai Solar Power Plant
S-07
Matsusaka Solar Power Plant
S-08
Shinshiro Solar Power Plant
S-09
Monbetsu Solar Power Plant
S-10
Takasaki Solar Power Plant A
S-11
Takasaki Solar Power Plant B
W-01
Tainai Wind Power Plant
Unitholder Information
Invitation to EII’s Website
You can obtain the latest information on EII with your PC or smartphone.
EII works to prepare a variety of content on its website and endeavors on investor relations (IR) and information provision through the website in an effort to disclose information to investors in a timely manner and help them better understand EII.
IR Calendar
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Unitholder Composition
Number and ratio of investment units by investor type
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Number and ratio of unitholders by investor type
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Changes in Investment Unit Price
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