This document is an English translation of a news release on April 30, 2021, made initially in Japanese. The Japanese original should be considered as the primary version.
Company: | Itochu Enex Co., Ltd. |
Representative: | Kenji Okada, Representative Director, President and CEO |
Stock code: | 8133, Tokyo Stock Exchange, 1st Section |
Contact: | Yukari Imaizumi |
Manager for Investor Relations Office | |
Tel: +81-3-4233-8025 |
Notice Regarding the Formulation of a Medium-Term Business Plan
The Itochu Enex Group is pleased to announce that it has formulated SHIFT!2022, a medium-term business plan covering the two-year period from fiscal 2021 to 2022.
Medium-Term Business Plan>
- Name:
- Duration: Two years (FY2021 - FY2022)
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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
- Quantitative Plan
- Target Consolidated Results for FY2021
- Net profit attributable to Itochu Enex's shareholders: 12.5 billion yen
② ROE: 9.0% or more ◆ Management Indicators - Substantive operating cash flows: 30 billion yen each fiscal period
② Consolidated dividend payout ratio: 40% or more
③ New investment (cumulative total over two fiscal periods): 60 billion yen
Details of the management plan are scheduled to be published in mid-May, 2021.