Network of nationwide

E N E X O U T L I N E 2 0 1 9Corporate Information

Head office, branch office, major Group company

Power plant site

Terminal tank

Asphalt terminal

Asphalt ship

AdBlue supply facility

Industrial gas terminal

Head office27th-29th floors, Kasumigaseki Building 3-2-5,Kasumigaseki, Chiyoda ku, Tokyo 100-6028, JapanTelephone: +81-3-4233-8000

Main BranchesHokkaido Branch7F SapporoMN Bldg., 3-3 Kita 1 Jo Nishi, Chuo-ku,Sapporo-shi, Hokkaido 060-0001, JapanTelephone: +81-11-231-6040

Touhoku　Branch7F Azalea Hills, 3-4-1 Tsutsujigaoka, Miyagino-ku, Sendai-shi, Miyagi 983-0852, JapanTelephone: +81-22-357-0152

Shutoken Branch27th floors, Kasumigaseki Building 3-2-5, Kasumigaseki, Chiyoda ku, Tokyo 100-6027, JapanTelephone: +81-3-4233-8061

Chubu Branch6F Nagoya Itochu Bldg., 1-5-11 Nishiki, Naka-ku, Nagoya-shi, Aichi 460-0003, JapanTelephone: +81-52-203-2717

Hokuriku Branch7F Kanazawa Itochu Bldg., 1-1-18 Hirooka, Kanazawa-shi, Ishikawa 920-0031, JapanTelephone +81-76-224-5494

Kansai Branch16F SORA ShinOsaka21 Bldg., 2-1-3 Nishi-Miyahara, Yodogawa-ku, Osaka-shi, Osaka532-0004, JapanTelephone: +81-6-6396-0753

Chugoku Branch7F Hiroshima-Intesu, 10-10 Hashimoto-cho, Naka-ku, Hiroshima-shi, Hiroshima 730-0015, JapanTelephone: +81-82-502-2633

Kyusyu Branch3F Fukuoka RD Bldg., 4-1 Tsunaba-machi, Hakata-ku, Fukuoka-shi, Fukuoka 812-8528, JapanTelephone: +81-92-283-6241

Okinawa Branch4F Gibraltar Seimei Okinawa Naha Bldg., 2-14-1 Kamoji, Naha-shi, Okinawa 900-0015, JapanTelephone: +81-98-861-8444

Network of overseas

Palau (petroleum products)

Indonesia (Industrial gas)

The Philippines (LP gas)

Published on July 2019

3-2-5, Kasumigaseki, Chiyoda-ku, Tokyo 100-6028, Japanhttps://www.itcenex.com/english/

Achieves listing on the second section of the Osaka Securities Exchange and the Tokyo Stock Exchange

Promoted to the first section of the Osaka Securities Exchange and the Tokyo Stock Exchange Acquires stock in

Tokai Corporation and in Seibu Petroleum Corporation

Takes over gas supply service in Nakatsu City, Oita Prefecture, with the goal of breaking into the city gas market

Takigawa Enex Co., Ltd. (currently ITOCHU ENEX HOME-LIFE NISHI-NIHON CO., LTD.) commences operation upon taking over business operations from Takigawa Industries Co., Ltd.

Takes over business from Kokura Enterprise Co., Ltd. to commence its operation

Itochu Enex Home-Life Kyushu merges with Idex Gas K.K. and is renamed ECORE CO., LTD.

Corporate Profile

The Enex Group has continued to grow for more than a half century by adapting to changes in society and lifestyles.

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20192018

20162015

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20122011

20102008

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エネクスロゴ_黒文字.pdf 1 15/06/08 14:38

Enex Infrastructure Investment Corporation becomes listed in the Tokyo stok Exchange.

Corporate Philosophy

The Best Partner for Life and Society— with Energy, with the Car, with the Home —

Code of Conduct

Be Virtuousreliability and sincerity, creativity and ingenuity, transparency and integrity

With the work-style reform initiative ENEX EARLY BIRD started in 2016, we have worked toward the prevention of long working hours, the enhancement of health, and the improvement of work quality. The initiative’s results have also been highly regarded outside the company.

For improving social vitality and contributing to the development of future generations, we are also engaging in sports sponsorship.Left: TEAM IMPUL, flourishing in motor sportRight: Ultimate, a fast-growing sport that is at-tracting attention

We were selected as one of the JPX-Nikkei Mid and Small Cap Index constituent stocks in FY2018. The index is a mid and small stock in-dex composed of highly attractive companies for investors, that is jointly calculated by the Tokyo Stock Exchange and Nihon Keizai Shimbun.

Company NameITOCHU ENEX CO.,LTD.

Head Office Address3-2-5, Kasumigaseki, Chiyoda-ku, Tokyo 100-6028, Japan

RepresentativeKenji Okada, Representative Director, President and Chief Executive officer

EstablishedJanuary 28, 1961

Paid-in Capital19,877.67 million yen

Number of Employees 641 (non-consolidated basis, including 186 at subsidiaries)5,619 (consolidated basis)

Stock exchange listingTokyo (first section; stock name: ENEX)securities code: 8133

Number of Shares Issued and Outstanding116,881,106

Principal ShareholdersITOCHU Corporation 53.97%Japan Trustee Services Bank, Ltd. (trust account) 4.71%The Master Trust Bank of Japan, Ltd. (trust account) 4.02%Enex Fund 2.69%※excluding treasury stock

Subsidiaries 49

Affiliates (equity method applied) 21

as of March 31, 2019

Itochu Fuel Corporation is founded

Acquires stock in Oita Kyuseki Hanbai Co., Ltd. (currently KYUSHU ENERGY CO., LTD.)

Acquires stock in Unoshima Sansuiso K.K. and advances into the high-pressure gas business

Establishes Kyushu Chunen Co., Ltd. (currently ENEX PETROLEUM SALES NISHI-NIHON CO., LTD.)

Changes company name to ITOCHU ENEX CO., LTD.

Adopts a single unified logo, the Enex Mark

Launches electric power retailing business

Acquires shares of Tokyo Toshi Service Company to break into the heating supply business

Sets up the Power & Utility Division and acquires shares of Tainai Wind Farm Co., Ltd.

Acquires stock in Osaka Car Life Group Co., Ltd. to launch a car dealer business

Establishes Oji-Itochu Enex Power Retailing Co., Ltd. and acquires shares of Nissho Petroleum Gas Corporation

Sendai Power Station Co., Ltd. commences commercial operation of its thermal power station

Establishes ENEARC Co., Ltd.

Profit attributable to owners of parent surpasses 10 billion yen

Electric power retail market is fully deregulated.

Invests and participates in LP gas sales business in the Philippines

Acquires Kohnan Corporation's oil sales business and stock in Kohnan Fleet Corporation

Celebrates 50th anniversary of its founding in January and breaks into the electricity and steam supply business for factories

Life & Industrial Energy

Division

Sammary of Division （as of April 1, 2019） Our Business

Field of Business

Energy for all applications, whether as a key component of social infrastructure or as a means of enriching people's lives

Three divisions collaborate and develop a variety of businesses to satisfy needs.

Home-Life Division

Power & Utility Division

Home-Life DivisionThrough delivering LP gas and various smart-energies, we propose comfortable, affluent and secure lifestyles.

Life & Industrial Energy DivisionWe will help build a better society with diverse forms of energy and services to benefit local people and industry.

Power & Utility DivisionWe operate electric power-related and heat supply businessesthat deliver energy efficiency, comfort and economic benefits.

Gas sales business

Comfortable living services

business

Electricity business

Heating supply

businessAutomotive

business

Petroleum products sales

business

Overseas business

Environmental business

Business domains Energy for home and business use Solutions for richer, more comfortable living

Main producs and services

LP gas, home smart energy devices, city gas, electricity, industrial gas, solutions for comfortable living

Main customers 1.5 million households across Japan, corporate users, 2,700 distributors

Forms of business Retail and wholesale sales

Overseas markets Indonesia, philippines

Business domainsContributing to life and energy in communities from petroleum products through the automotive, electric power, and industrial fields

Main producs and services

Gasoline, kerosene, diesel oil, fuel oil, LP gas, electricity, automotive, car rental, living and automotive products and services, AdBlue, asphalt, marine fuel, trading in petrolum products, terminal, recycling of fly ash, recovery and sale of slop

Main customers Approx. 1,760 Group CS outlets, 3,500 corporate business sites, domestic road companies, sea shippers, public agencies

Forms of business Retail and wholesale salesOverseas markets Guam, Palau

Business domainsFrom power generation and demand supply adjustments in pursuit of energy conservation, comfort, and economic benefits through sale of electricity and district heat supply

Main producs and services Electricity, steam, heat supply, comprehensive energy services

Main customers Corporate users, households, power companies, office buildings and business complex

Forms of business Veritically integrated model based on power generation, demand supply, and sales

Energy for all applications, whether as a key component of social infrastructure or as a means of enriching people's lives

Gas sales business

Comfortable living services business

Petroleum product sales business

Automotive business

Gas Supply Business HL

We sell LP gas and city gas, energy sources widely used at home and busi-nesses as fuel for cooking, water heating, and industrial applications, to customers nationwide.

City Gas Sales Business for Residential Use HL

In Nakatsu City, Oita Prefecture, we sell city gas to customers in the city through the pipes laid in the area. ENEARC Kanto Co., Ltd., a Group company, also sells city gas through partnership with CD Energy Direct Co., Ltd.

Gas for Automotive Use HL

We are expanding our network of auto-motive gas stations with the aim of pro-moting the widespread use of low-pollu-tion LP gas vehicles.Liquefied natural gas (LNG) 　　　　Sales Business 　　　　　　　 L I

We sell environmental friendly liquefied natural gas to customers in factories and provide solutions for converting fuels from petroleum products.

Industrial Gas Business HL

We sell industrial gases (oxygen, nitrogen, argon, sterilization gas, and more), which are widely used in all industrial fields, including manufacturing and medical. We also provide gas container pressure resis-tance inspection service and materials for welding, among others.

Gas container pressure resistance inspection service

Automobile Energy Sales Business L I

We deliver several types of energy (in-cluding gasoline, kerosene, light oil, and automotive lubricating oil) to approxi-mately 1,760 affiliated CSs* nationwide.

Corporate Energy Sales Business L I

We sell industrial energy (gasoline, kero-sene, light oil, and diesel oil) to corporate customers that sustain domestic industry.

Petroleum Product Trading L I

Itochu Enex, the domestic petroleum products trading arm of the Itochu Group, engages in the import, export and sale in Japan of petroleum products.

Sale of Asphalt L I

We take advantage of a nationwide sales network and original supply chain to sup-ply asphalt, a key industrial material, to customers.

Sale of Anti-freezing Agents L I

We sell anti-freezing agents used for roads and the monorail when snow lies in winter and contribute to good traffic conditions throughout the year.

Sale of Marine Fuel L I

We sell marine fuel at major ports in Ja-pan and overseas. We have strengthened our supply system using ships that we own and dedicated ships. Our volume of transactions for domestic vessels is the largest in Japan.

Storage Tank Leasing L I

We have tanks to store petroleum prod-ucts and chemical products in 2 locations in Japan and operate them efficiently, like logistics including oil storage facilities and leasing of chemical products storage facilities, to satisfy our customers’ storage needs.

Proposals for better Home Energy Supply HL

Our Group not only delivers energy to households, but also proposes a comfort-able, fulfilling, and secure lifestyle to cus-tomers through LP gas. In particular, we help facilitate a comfortable life for many people through sales of equipment that is essential to daily life (burning applianc-es, kitchen equipment, air-conditioning equipment, and other household equip-ment).

Smart Energy Equipment Sales Business HL

We propose smart energy equipment that satisfies the need for lowered car-bon emissions, economic efficiency, and added value, as well as contributes to a sustainable society, in order to realize systems optimized for customer needs.■Solar power systemWe sell solar power systems that use sunlight, natural energy, and do not emit CO2 while generating power. Because power companies buy surplus electricity generated in your home, it is also an economically friendly system.■“ENEFARM” residential fuel cellsIt is a system that generates power through a chemical reaction combining hydrogen ex-tracted from LP gas or city gas and oxygen in the air, and utilizes the generated heat to sup-ply hot water and heating.■Double power generation systemIt is a system that wisely combines solar pow-er generation and ENEFARM. It primarily uses power generated by ENEFARM, supplements with solar power, and sells surplus solar pow-er, realizing a more budget friendly and envi-ronmentally friendly life.■ENE-POWABO L residential lithium ion power storage systemThe large battery capacity of 9.8 kW/h is achieved, which is usable by electric appli-ances even during blackouts due to disasters. Storing electricity during the night when fees are low and using it during the day can reduce utility expenses.

Cooking classes, dietary education,fire education HL

As a mission of the providers that supply flame in the kitchen, we promote activ-ities for families and children including cooking classes to convey the pleasure and importance of cooking, dietary edu-cation to convey Japanese food culture, and activities to convey basic knowledge about fire, the value of fire, and the dan-gerousness of fire.

Home Renovation Business HL

We propose renovations suitable for cus-tomer needs from kitchens and baths to bathroom heating dryers and floor heat-ing, to realize a comfortable and fulfilling life with gas at every place in the house.

Car Dealer Business L I

Nissan Osaka Sales Co., Ltd. is one of the largest dealers affiliated with Nissan Mo-tor in Japan.We engage in business that includes the sale of new and used cars, vehicle inspection, automotive bodywork, mechanical servicing and maintenance through Nissan Osaka Sales Co., Ltd., which has the top network throughout Osaka Prefecture and in the Hanshin dis-trict of Hyogo Prefecture.

Car-Life Support Business L I

We provide CSs nationwide with compre-hensive merchandise, information, and ex-pertise in sales and help them grow.◉ Automobiles and automobile products, vehicle inspec-

tion, maintenance, and sheet metal repair work◉Merchandise related to the car washer◉Rent-a-car services

■Carlife Stadium, Comprehensive Car-Related ServicesCarlife Stadium is the unified brand for our car-related business and clarifies the value provided to customers. We give assistance for enjoyable, comfortable car life, providing services, including a rent a car service, the concept for which is Going out with more fun.

CS management consulting support business L I

The ENEX ACT Program is a consulting service that has been built up through long years of experience and know-how in CS management. We will enhance CS businesses and improve profitability in response to the actual conditions of each dealer, and support our customers’ CS management.

■ENEX ACT ProgramSet the following three unified management indicators: total number of visiting cars, CP in-dicator, and CL revenue-labor costs coverage rate. We will accurately understand the situa-tion of each CS, clarify targets to be achieved, and strongly support cus-tomers’ CS management.

Credit Card BusinessWe offer a range of credit card options to meet the needs of our CS customers.

■Rakuten point card (for individual customers)It is a card that collects Rakuten Points when buying applicable goods and the points can be also used for payment.

■CAR ENEX itsumo card (for individual customers)It is a credit card with which custom-ers can buy gasoline and light oil eco-nomically, anytime, at a store.

■Partners card (for corporate customers)It is issued for corporate customers and small business owners. It protects card holders from credit risks by estab-lishing approved account customers.

■Refueling card (for corporate customers)It is a card offered by ENEX FLEET Co., Ltd., a Group company, with which customers can buy fuel and car goods economically.

L I

Home-Life Division

Life & Industrial Energy Division

Power & Utility Division

HL

PU

*CS is an abbreviation for Car-Life Station. It is a service station proposed by ITOCHU ENEX and provides multiple services.

Energy for all applications, whether as a key component of social infrastructure or as a means of enriching people's lives

Electricity business

Environmental business

Heating supply business

Overseas Business

Power Generation Business PU

ENEX Electric Power Co., LTD., an ITOCHU ENEX Group company, is working to strengthen the Group’s initiatives in the power generation business, aiming for envi-ronmental sustainability as well as econom-ic benefits. The operating companies of ENEX Electric Power Group have a well-bal-anced lineup of electric power facilities and are expanding electric generating capacity in accordance with growth in demand.

Electric Power Retail Business HL L I PU

The Company and Oji-Itochu Enex Power Retailing Co., Ltd., a Group company, sell electric power to companies nationwide.

■For corporate customers L I PUWe provide optimal energy to various cor-porate customers, such as energy saving and cost reduction,by proposing electric power supply to our existing customers, buy our industrial energy.

■Electricity Supply Service for Households HL PU

● Collaboration of LP gas and electric powerWe sell electricity under the brand name of e-koto denki! to customers (households and business establishments) nationwide through Group companies involved in sales of LP gas. We offer economical rate plans that give T-Points to customers who buy LP gas or electricity.*A group of ENEARC Co.,Ltd. in Kanto, Chubu, and Kansai use the Service name “ENEARC-denki”.

*ECORE Co., Ltd. in Kyushu uses the service name “ECORE no e-denki”.

● Collaboration of automobiles and electric powerIt is our group companies collaboration ser-vice that Nissan Osaka Sales Co., Ltd. and Enex Life Service established the plans. We propose fulfilling unique plans of car dealers.

Demand/supply management service PU

As the leader of a balancing group (BG) made up of multiple electric power re-tailers, by balancing demand and supply Groupwide, we oversee the distribution and delegation of responsibilities so that each member can concentrate on his or her own area of specialization while pursu-ing improved efficency, economic benefits, risk reduction, and economies of scale.

Challenge to a new business model PU

From the viewpoint of consumers lifestyle in the area, we challenge to provide new products and services aligning with cus-tomer needs, and offer added value in al-liances with different types of businesses through the electricity.

Heat Supply-Related Business PU

Our group company, Tokyo Toshi Service Company’s (TTS) heat supply business provides hot and cold water for heating and air conditioning to buildings in a cer-tain area and proposes efficient energy use combined with urban development. TTS also provides low-CO2, energy-saving thermal storage contract-based services for a low initial cost at the time of instal-lation or renewal of building air condition-ing or hot water supply systems.

Supplying heat to GINZA SIXThermal energy for air conditioning from a plant of TTS contributes to the comfortable space of GINZA SIX (gross floor area: 147,900 m2), a large complex that has opened on the Chuo-dori street at Ginza 6-chome.

Energy Service Provider* (ESP) Business PU

TTS provides total energy management centered on services that supply heat, water, and power, to realize energy savings, cost reduction, security, and en-vironmental friendliness, contributing to customers and society.

Steam Sales Business for Plants PU

We utilize energy of our owned thermal power plants to supply high temperature steam generated during power genera-tion to plants in the neighboring area.

Renewable Energy Business PU

We invest in renewable energy gener-ation facilities centered on solar power generation using a financial approach, such as the utilization of Enex Infrastruc-ture Investment Corporation*, aiming at contributing to the global environ-ment and realizing a sustainable society through the dissemination and expansion of renewable energy.

Biomass Power Generation 　　　Joint Business　　　　　　　 PU

We are advancing construction of bio-mass power plant in collaboration with Oji Green Resource Co., Ltd., using the feed-in tariff system (FIT system) of re-newable energy. Fuel to be used includes wood chips. Operation is scheduled to start in September 2022.

Biofuel business L I

We are taking part in a plan to demon-strate Japan’s first biojet fuel domestical-ly produced from euglenas, implemented by a team of five companies and a local government, led by Euglena Co., Ltd.

Flyash Reuse Business L I

We are considering collecting flyash from spent fuel at thermal power plants, pro-cessing it, and reusing it as a material for road construction.

Slop and Sludge Collection 　　　　and Sale Business 　　　　　　

L I

We collect slop (wastewater after wash-ing marine fuel tanks) and sludge (unburnt marine fuel), which has been disposed of as industrial waste, and extract and reuse useful oil resources from them.

PCB Disposal Intermediary Business L I

We help with the proper disposal of PCB (polychlorinated biphenyl) used mainly for transformers at electric power compa-nies.

Selling industrial gas in Indonesia HL

PT.ITC ENEX INDONESIA (PT.ENEX) sells different types of indus-trial gas constantly to Japanese-affiliated companies in Karawang International Industrial City near Jakarta.

Selling LP gas in the Philippines HL

Creasia Energy Holdings, INC., which ITOCHU ENEX and ITOCHU Corporation have jointly established, has started LP gas sales in the Philippines.

Office Tower X

44-story, 195 m Office Tower Y

39-story, 175 m Office Tower Z

33-story, 155 m

Heating tower Cooling

tower

Hall

Coldwater

Hotwater

Large temperaturedifference

Large temperaturedifference

Hot watertank

Cold and hotwater tank

Cold and hotwater tank Cold water

tank

TR: Air-sourceturbo refrigerator

DBHP: Air-source turborefrigerator (heat recovery)

HTHP: Air-source heat pump(heat recovery)

Heat supply center

AdBlue High-Grade Urea Solution L I

As part of our activities to address environ-mental problems, we sell AdBlue, a high-grade urea solution that breaks down and detoxifies diesel vehicle exhaust, to customers nation-wide.

■Aqueous Urea for ShipsIn response to the NOx emission regulations of the International Maritime Organization tak-en into effect in January 2016, we sell aque-ous urea based on AUS40*, a reducing agent for SCR systems for ships.* ISO quality standards for aqueous urea

Palau Project L I

We have acquired a 25% stake in IP&E Palau, Inc. to step into the import, whole-sale and direct sales business of petro-leum products in the Pacific region with an aim to achieve stable performance. Along with an increase in annual tourists visiting Palau, this business is expected to achieve further growth.

U.S. Guam-Saipan Project L I

Itochu Petroleum Co., Pte. Ltd., a wholly owned subsidiary of ITOCHU Corporation, takes part in the business of IP&E Hold-ings, LLC. Some ITOCHU ENEX personnel are stationed at the company.

AdBlueAdBlue is a globally standard high-grade urea solution used in SCR systems, where AdBlue is sprayed into exhaust gas from diesel vehicles and breaks down NOx into harmless nitrogen and water using the reducing action of ammonia.

Image of district heating services(Harumi Island)

* Enex Asset Management Co., Ltd., of which we own a 50.1% share, has been entrusted with the management of the assets. In February 2019, it became listed in the Infrastructure Funds of the Tokyo Stock Exchange.

A photovoltaic power plant

Hofu Energy Service Co., Ltd.

JEN Tainai Wind Farm Co., Ltd.

Joetsu Energy Service Co., Ltd.

※1 Our group company (100%) that they sale an electric power※2 Oji-Itochu Enex Power Retailing Co., Ltd.:An electric power sales company that has been established jointly with Oji Green Resources Co., Ltd., a subsidiary of Oji Holdings Corporation

* Service to provide design, construction, and management of energy facilities

The Best partner for Life and Society— with Energy, with the Car, with the Home —

Figures of Itochu Enex Group■Business Platform■Facility■Business Performance

1,200 cylindersCylinders of gas container

pressure resistance inspections each day

48 stationsautomotive gas stations that

supply LP gas to LP gas vehicles (including buses and taxies)

Approx. 2,700 outletsLP gas outlets that we have nationwide

Approx. 1,760CSsCSs operating nationwide, including Car Enex Brand CSs (approx. 400)

Approx. 2,100CSsEstablishments (for corporate

customers) of the Japan Car wash Federation (Enex-auto)

Approx. 3,500 facilitiesFacilities of corporate customers providing

energy and materials

Approx. 400CSsCSs of convenient Itsumo

Rent-a-Car Service

20%Domestic market share

of asphalt sales

0.13 million cardsEffective Car Enex Itsumo Cards,

fueling cards for individual customers

3 shipsShips to carry asphalt owned

Approx. 4,600 thousand MWhElectric power sales volume of the Power & Utility Division.

(FY 2018 wholesale sales and retail sales)

118,600 contractsContracts for electric power for housuholds

and business establishments (FY 2018)

12 places 43,800tHubs of asphalt sales and total stockpiles

1.5 million householdsHouseholds we supply

LP gas and city gas

183MWPower generation capacity

of our group

117dealershipsCar dealerships of Nissan Osaka Sales

(the largest figures in the area)

20 plantsSales plants of AdBlue

high-grade urea solution

18 districtsHeat supply districts in Kanto area (the largest figures of the business)

28%Our market share in the domestic AdBlue high-grade urea solution

Ranked 9 th among 503 companiesNewcomers ranking in terms of electric power sales volume (FY 2018, interim)

5places 1,500million cubic metersIndustrial gas filling stations and the capacity (per year)

2 places 150,000tTank terminals owned

our group and total stockpiles