Company:

Itochu Enex Co., Ltd.

Representative:

Kenji Okada, Representative Director, President and CEO

Stock code:

8133, Tokyo Stock Exchange, Prime Market

Contact:

Yukari Imaizumi

Manager for Investor Relations & Planning Section

Tel: +81-3-4233-8025

Notice Regarding the Formulation of a Medium-Term Business Plan (Quantitative Plan for FY2022)

The Itochu Enex Group is pleased to announce that it has formulated the Quantitative Plan for FY2022 of SHIFT!2022, a medium-term business plan covering the two-year period from fiscal 2021 to 2022.

1.

Quantitative Plan

◆ Target Consolidated Results for FY2022 ① Net profit attributable to Itochu Enex's shareholders: 13.0 billion yen ② ROE: 9.0% or more

◆ Management Indicators ① Substantive operating cash flows: 30 billion yen each fiscal period ② Consolidated dividend payout ratio: 40% or more

*The annual dividend for FY2022 (forecast) : 48 yen per share (interim: 24 yen, year-end: 24 yen). ③ New investment (cumulative total over two fiscal periods): 60 billion yen

< Reference: Overview of the Medium-Term Business Plan>

  • 1. Name:

  • 2. Duration: Two years (FY2021 - FY2022)

  • 3. Basic Policy

    The basic policy will focus on "foundations," "environment & energy" and "human resources."

    • Bases

      • - Further enhancement of domestic sale network and customer base

      • - Active promotion of B-to-C business utilizing digital transformation

      • - Strengthening of overseas business development with a focus on Asia

    • Environment & Energy

      • - Forays into untapped areas with environmental products, electricity and various other forms of energy

      • - Further expansion of the electric power business from generation to selling, especially with renewable energy

      • - Enhancing environmental technical capabilities and expand offerings of low-carbon and decarbonized products

    • Human Resources

      - Cultivating multi-talened human resources who will flourish in Japan and overseas

      - Promoting diversity and fostering a diverse range of values

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Itochu Enex Co. Ltd. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 05:03:07 UTC.