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

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