This document is an English translation of quarterly financial results report released on July 30, 2021 and written initially in Japanese.
The Japanese original should be considered as the primary version.
July 30, 2021
Consolidated Financial Results for the First Three Months of
the Fiscal Year Ending March 31, 2022
Company name: | Itochu Enex Co., Ltd. |
Listing: | Tokyo Stock Exchange, 1st Section |
Stock code: | 8133 |
URL: | https://www.itcenex.com/english/ |
Representative: | Kenji Okada, Representative Director, President and CEO |
Contact: | Shinichiro Inoue, Executive Officer, Assistant to Chief Financial Officer and General |
Manager, Finance & General Accounting Department | |
Tel: +81-3-4233-8008 |
Scheduled date to file quarterly securities report: August 11, 2021
Scheduled date to commence dividend payments: -
Preparation of supplementary results briefing material on quarterly financial results: Yes
Holding of quarterly financial results presentation meeting: None
(Millions of yen with fractional amounts rounded, unless otherwise noted)
1. Consolidated financial results for the first three months of the fiscal year ending March 31, 2022 (from April 1, 2021 to June 30, 2021)
(1) Consolidated operating results
Profit from | Net profit | ||||||||||||||||
attributable to | Comprehensive | ||||||||||||||||
Revenue | operating | Profit before tax | Net profit | ||||||||||||||
Itochu Enex's | income | ||||||||||||||||
activities | |||||||||||||||||
shareholders | |||||||||||||||||
Three months ended | Millions | % | Millions | % | Millions | % | Millions | % | Millions | % | Millions | % | |||||
of yen | of yen | of yen | of yen | of yen | of yen | ||||||||||||
June 30, 2021 | 206,962 | 39.7 | 4,325 | (2.7) | 4,694 | (10.6) | 3,307 | (12.8) | 2,666 | (25.5) | 2,971 | (28.1) | |||||
June 30, 2020 | 148,181 | (32.7) | 4,447 | 3.1 | 5,252 | 9.7 | 3,790 | 17.2 | 3,578 | 32.4 | 4,135 | 37.4 | |||||
Basic earnings per | Diluted earnings | ||||||||||||||||
per share | |||||||||||||||||
share attributable | |||||||||||||||||
attributable to | |||||||||||||||||
to Itochu Enex's | |||||||||||||||||
Itochu Enex's | |||||||||||||||||
shareholders | |||||||||||||||||
shareholders | |||||||||||||||||
Three months ended | Yen | Yen | |||||||||||||||
June 30, 2021 | 23.62 | - | |||||||||||||||
June 30, 2020 | 31.70 | - | |||||||||||||||
(2) Consolidated financial position
Total assets | Total equity | Total shareholders' | Ratio of shareholders' | |||||||
equity | equity to total assets | |||||||||
As of | Millions of yen | Millions of yen | Millions of yen | % | ||||||
June 30, 2021 | 390,227 | 160,538 | 135,378 | 34.7 | ||||||
March 31, 2021 | 408,327 | 161,399 | 136,233 | 33.4 | ||||||
2. Cash dividends | ||||||||||
Annual cash dividends per share | ||||||||||
First quarter-end | Second quarter-end | Third quarter-end | Fiscal year-end | Total | ||||||
Fiscal year ended | Yen | Yen | Yen | Yen | Yen | |||||
March 31, 2021 | - | 22.00 | - | 28.00 | 50.00 | |||||
Fiscal year ending | - | |||||||||
March 31, 2022 | ||||||||||
Fiscal year ending | ||||||||||
March 31, 2022 | 23.00 | - | 23.00 | 46.00 | ||||||
(Forecast) | ||||||||||
Note: Revisions to the forecasts of cash dividends most recently announced: None
Breakdown of year-end dividend for the fiscal year ended March 31, 2021: Ordinary dividend of ¥22.00, and anniversary commemorative dividend of ¥6.00
3. Consolidated earnings forecasts for the fiscal year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
(Percentages indicate year-on-year changes.)
Basic earnings | ||||||||||||
Profit from operating | Net profit | per share | ||||||||||
Revenue | Profit before tax | attributable to Itochu | attributable to | |||||||||
activities | ||||||||||||
Enex's shareholders | Itochu Enex's | |||||||||||
shareholders | ||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||||
Six months ending | - | - | - | - | - | - | - | - | - | |||
September 30, 2021 | ||||||||||||
Fiscal year ending | 800,000 | 8.2 | 20,500 | 6.0 | 21,200 | 5.8 | 12,500 | 2.7 | 110.74 | |||
March 31, 2022 | ||||||||||||
Note: Revisions to the consolidated earnings forecasts most recently announced: None
The Company's performance is evaluated on a fiscal year basis. Accordingly, consolidated earnings forecasts for the first six months of fiscal year are not prepared.
- Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
- Changes in accounting policies and changes in accounting estimates
a. Changes in accounting policies required by IFRSs: | None |
b. Changes in accounting policies other than the above: | None |
c. Changes in accounting estimates: | None |
- Number of issued shares (common stock)
a. Total number of issued shares at end of period (including treasury stock)
As of June 30, 2021 | 116,881,106 shares |
As of March 31, 2021 | 116,881,106 shares |
b. Number of treasury stock at end of period
As of June 30, 2021 | 4,000,463 shares |
As of March 31, 2021 | 4,000,323 shares |
c. Average number of outstanding shares during period (cumulative from the beginning of the fiscal year)
For the three months ended June 30, 2021 | 112,880,697 shares |
For the three months ended June 30, 2020 | 112,880,522 shares |
- Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
-
Proper use of earnings forecasts, and other special notes (Caution regarding forward-looking statements and others)
The forecasts and other forward-looking statements in this report are based on information currently available to the Company and on certain assumptions deemed to be reasonable by the Company. Actual business and other results may significantly differ from these forecasts due to various factors.
Contents of Attached Materials | ||
1. Qualitative Information Regarding Results for the First Three Months............................................... | 2 | |
(1) | Explanation of Operating Results ....................................................................................................... | 2 |
(2) | Explanation of Financial Position ....................................................................................................... | 7 |
2. Condensed Quarterly Consolidated Financial Statements and Significant Notes Thereto .................. | 9 | |
(1) | Condensed Quarterly Consolidated Statement of Financial Position.............................................. | 9 |
(2) | Condensed Quarterly Consolidated Statement of Comprehensive Income .................................. | 11 |
(3) | Condensed Quarterly Consolidated Statement of Changes in Equity ........................................... | 13 |
(4) | Condensed Quarterly Consolidated Statement of Cash Flows....................................................... | 14 |
(5) | Notes on Uncertainties of Entity's Ability to Continue as Going Concern .................................... | 16 |
(6) | Segment Information.......................................................................................................................... | 16 |
- 1 -
1. Qualitative Information Regarding Results for the First Three Months
- Explanation of Operating Results
- Results of operations
During the first three months ended June 30, 2021, the Japanese economy continued to face a situation of stagnation in economic activities, as in the first quarter of the previous fiscal year, due to a decline in consumer spending caused by voluntary stay-at-home directives due to the spread of the novel coronavirus disease (COVID-19) and requests by local authorities to refrain from business activities. As of July 2021, there has been little movement towards recovery of economic activity, and the future outlook remains extremely uncertain due to factors such as another increase in the number of people infected with COVID-19.
In response, the Group has established the "emergency headquarters for tackling the coronavirus pandemic," headed by the President, to carry out appropriate company-wide management by deciding on and executing company-wide policies and necessary measures, and by continuously collecting and spreading information internally and externally. In addition, with "employee safety" and "infection prevention" as the Company's top priorities, we are working to reduce the risk of infection through telecommuting, working at staggered hours and thorough disinfection of business sites, as well as to increase operational efficiency by improving the communication network environment necessary for the execution of business.
In terms of business, we are promoting our business in accordance with our two-yearmedium-term business plan "SHIFT! 2022" which was newly formulated in April 2021.
Overview of medium-term business plan
1. Name of the plan: SHIFT! 2022
2. Period: | Two years (FY2021 to FY2022) |
3. Basic policy: Bases, Environment and 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 and 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-talented human resources who will flourish in Japan and overseas
- Promoting diversity and fostering a diverse range of values
- 2 -
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