Itochu Enex Co. Ltd. Provides Consolidated Earnings Guidance for the Six Month Ending September 30, 2013 and Full Year Ending March 31, 2014
October 23, 2013
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Itochu Enex Co. Ltd. provided consolidated earnings guidance for the six month ending September 30, 2013 and full year ending March 31, 2014. For the six month ending September 30, 2013, the company expects net sales of ¥691,100 million, Operating income of ¥4,800 million, Ordinary income of ¥5,100 million, Net income of ¥2,900 million or ¥25.67 per share.
For the full year ending March 31, 2014, the company expects net sales of ¥1,550,000 million, Operating income of ¥13,600 million, Ordinary income of ¥13,100 million, Net income of ¥5,800 million or ¥51.33 per share.
Itochu Enex Co Ltd is a Japan-based company mainly engaged in home-life business, car-life business, industrial business, and power and utility business. The Company operates through four segments. The Home Life Business segment is engaged in the sale and provision of services of liquefied petroleum (LP) gas, kerosene, electric power, life-related equipment and smart energy equipment. The Car Life Business segment is engaged in the sale and provision of services of gasoline, kerosene, light oil, electric power, and automobiles. The Industrial Business segment is engaged in the sale and provision of services of gasoline, kerosene, light oil, heavy oil, LP gas, and gas-to-liquid (GTL) fuel, the import and export of petroleum products, and the lease of terminal tanks. The Power & Utility Business segment is engaged in electric power generation, steam, district heating service, comprehensive energy service, electric heat supply service, asset management, and rental car business.