I would like to extend my heartfelt gratitude for your support.
At the Itochu Enex Group, we have been supporting regional infrastructures with petroleum, gas, electricity, and other energy sources as an energy business operator by working together with our dealers all over Japan.
On the other hand, while the energy industry has been constantly exposed to waves of major changes, our Group has achieved a profit increase in the last seven consecutive fiscal years.
The theme for our medium-term business plan that started in 2014 was Moving, under which we advanced initiatives including the development of new markets and fundamentally revising our old approaches.
Having started with reforms of internal organizations and systems, we expanded our core businesses, namely petroleum and gas, sought the further development of the electricity business, and entered overseas markets. In so doing, we steadily advanced our businesses.
However, energy composition and structure are now changing rapidly, due to geopolitical risks and many other factors. The outlook is uncertain.
To respond to these rapid changes in the operating environmental, we found it necessary to SHIFT up a gear to accelerate management and businesses while maintaining our conventional Moving initiatives. We thus kicked off the medium-term business plan entitled SHIFT! 2022 (for fiscal years 2021 to 2022) last year.
Under the SHIFT! 2022 plan, we are carrying out a strategy for growth with a focus on Bases, the Environment & Energy and Human Resources.