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: SHIFT!2022
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
【Inquiries】
ITOCHU ENEX CO., LTD
Finance & General Accounting Department,
Investor Relations & Planning Section
Yukari Imaizumi TEL +81-3-4233-8025
