ITOCHU ENEX CO.,LTD. (8133) Stock Price

Through its Home Life business, Itochu Enex provides LPG, electricity, and smart energy solutions, proposing comfortable and enriched lifestyles. Specifically, the company handles LPG, kerosene, city gas, electricity, home-related equipment, smart energy devices, and renovation services. Key affiliated companies include Itochu Enex Home Life Co., Ltd., Ecoa Co., Ltd., Eneark Co., Ltd., and Japan Gas Energy Co., Ltd.

The Car Life business meets diverse automotive needs through the supply of gasoline, kerosene, diesel, heavy fuel oil, and electricity. The company also engages in automobile sales, lifestyle and vehicle-related products and services, maintenance outsourcing services, and auto auctions. Key affiliated companies include Enex Fleet Co., Ltd., Osaka Car Life Group Co., Ltd., Nissan Osaka Sales Co., Ltd., and Kyushu Energy Co., Ltd.

The Industrial Business division supports the foundation of industry and distribution by providing asphalt, marine fuel, and environmental materials. Specifically, it handles asphalt, marine fuel, petroleum product imports and exports, terminal tank leasing, corporate fuel cards, industrial gas, gas container pressure inspections, AdBlue, renewable fuels, GTL fuel, energy service operations, and PCB collection and processing arrangements. The primary affiliated company is Itochu Industrial Gas Co., Ltd.

The Power and Utility business pursues energy efficiency, comfort, and cost-effectiveness while advancing power-related and heat supply operations. The company provides power generation (solar, hydroelectric, coal-fired, and natural gas-fired), electricity sales, power demand management services, asset management operations, steam and district heating services, electric and heat supply services, car rentals, and car-sharing services. Key affiliated companies include Enex Power Co., Ltd., Enex Life Service Co., Ltd., Oji-Itochu Enex Power Sales Co., Ltd., and Tokyo Metropolitan Service Co., Ltd.

Itochu Nex is advancing its growth strategy under the medium-term management plan "ENEX2030 '23-'24." The plan centers on three pillars: strengthening operational capabilities, evolving the investment execution system, and reinforcing organizational and human resources. Through these efforts, the company aims to realize its vision of "creating the driving force for better living."

Specifically, the company seeks to strengthen its customer base in existing businesses and improve profitability. It is also enhancing operational capabilities by improving communication within the group and raising overall competitiveness, thereby advancing the discovery and development of new projects.

On the investment front, the company is building an investment promotion system to accelerate investment execution. It plans 210 billion yen in new strategic investments from 2023 through 2030, aiming to provide diverse energy and services while pursuing further growth and transformation.

Financial targets include net income of 200 billion yen or more, operating cash flow of 450 billion yen, and ROE of 9.0% or higher. Non-financial targets include reducing GHG emissions by 50% or more, achieving a female hiring ratio of 30% or higher, a female management ratio of 10%, and a male parental leave uptake rate of 80% or higher.

From 2025 through 2026, the company will leverage digital transformation to strengthen operational capabilities, execute new and strategic investments, and advance investment management sophistication. This will support the construction of new revenue foundations toward achieving ENEX2030. For shareholder returns, the company emphasizes "progressive dividends" and "maintaining a consolidated dividend payout ratio of 40% or higher."