Contents
Report on Corporate and Business Activities
The Enex Group
Top Message
Medium-term Business Plan
Power & Gas Business Group
Home-Life Division
Power & Utility Division
Distribution & Energy Innovation Business Group
Car-Life Division
Energy Innovation Division
Entering a New Era of Global Enex
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4
6
8
10
11
12
14
15
16
Financial Report
Overview of Fiscal 2015 Business Results
Consolidated Statement of Financial Position
Consolidated Statement of Comprehensive Income
Consolidated Statement of Changes in Equity
Consolidated Statement of Cash Flows
Notes to Consolidated Financial Statements
Independent Auditor’s Report
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42
44
46
47
48
103
Corporate Profile
Corporate Profile104
Report on Societal and Environmental Activities
CSR and Compliance-based Management
Important social responsibilities
Directors, Corporate Auditors and Executive Officers
Corporate Governance
Living in harmony with the environment
[Eco-solutions of Itochu Enex]
Advanced approach to environmental engineering
Environmental Policy and Environmental Management
Revitalize society and its residents
[Harmonious coexistence with the local community
and social contribution]
Fostering the next generation
Post-earthquake reconstruction
and support for affected areas
Sustained thoughts and actions
Energy lifeline
Aim at satisfying employees
[Develop workplaces and people]
Personnel system
Education system
Work–life balance
Fairness and impartiality, safety and security
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20
22
28
32
36
Corporate Philosophy
Field of Business
The best partner for life and society
—with Energy, with the Car, with the Home—
Energy for all applications, whether as a key component of
social infrastructure or as a means of enriching people's lives
Since its establishment in 1961,
the Itochu Enex Group has been broadly expanding
its energy wholesale business operations drawing on its original business model,
acting as “the best partner for life and society.”
We aspire to operate as a dynamic partner that is an essential part of people’s
everyday lives as we have been doing up to now, indefinitely in the years to come.
Moreover, we are working to extend our operations to engage
in new energy fields and overseas opportunities,
in addressing changes in customer needs and the business environment.
The Enex mark was introduced in October 2005 as the new corporate logo.
The red background symbolizes the sun and the blue circle, the Earth.
The letter “e” overlaps both to connect them.
The “e” logo stands for “energy” and “eco,” as well as the importance of the “end-consumer.”
In this way, the logo design expresses “people to people” communication
and communication between “people and society.”
About the Enex Trade mark
ITOCHU ENEX CO., LTD. Annual Report 2016 1
Flow of energies delivered by the Enex Group to our customers
Storage and
management
LPG tank
Petroleum product tank
Asphalt tank
The Group’s
power plants
Power resources of
nature
Coal
Wind power
Hydraulic power
Photovoltaic power
Oil-
producing
countries
Primary
distributors,
etc.
LP Gas
LPG sales points
Directly operated stores
Distributors
Auto gas stations
Households,
restaurants, etc.
Factories,
business offices,
etc.
Local buildings,
etc.
Car-Life Stations
(CS*3s)
Dealers’ CSs
Group companies’ CSs
Ships
Households
Households,
factories,
business offices,
etc.
Manufactures
Natural heat
The Group’s
heat supply
centers
Roads, etc.
Factories,
business offices,
etc.
Electronic power
Thermal power
Wind power
Hydraulic power
Photovoltaic power
Gasoline
Steam power
Kerosene
Photovoltaic power
generation system
Diesel oil Residential
fuel cells
Heat supply
business*1
Fuel oil Electricity storage
system
Contracted primary
(heating/cooling)
service*2
Asphalt
LNG
*1 Heat supply business supplies cold and hot water for air conditioning to office buildings and multiple other buildings from a heat source plant using pipes.
*2 Contracted primary (heating/cooling) service is a contract-based thermal storage service, under which heat source equipment is installed at individual buildings utilizing the
know-how of heat supply businesses.
*3 CS is an abbreviation for Car-Life Station; it refers to service stations delivering multiple services provided by Itochu Enex.
Power & Gas Business Group Distribution & Energy Innovation Business Group
The Enex Group
Group Companies 66
Subsidiaries 44,
Affiliates (covered by the equity
method) 22
Number of
Employees
6,096
Total trading
transactions
1,071.6 billion yen
(Japanese GAAP)
Profit from
operating activities
16.4 billion yen (IFRS)
Net profit
attributable to
Itochu Enex’s
shareholders
7.5 billion yen (IFRS)
Head Office
Address
Toranomon Twin Building,
2-10-1, Toranomon, Minato-ku,
Tokyo 105-8430, Japan
Established January 28, 1961
Representative
Director, President
and CEO
Kenji Okada
Paid-in Capital 19,877.67 million yen
Stock exchange
listing
Tokyo (first section; stock name:
ENEX) securities code: 8133
Corporate Profile
Itochu Enex Group
Business Divisions
ITOCHU ENEX CO., LTD.
ENEX ELECTRIC POWER CO., LTD.
TOKYO TOSHI SERVICE COMPANY
OJI-ITOCHU ENEX POWER RETAILING CO., LTD.
ENEX FLEET CO., LTD.
ENEXAUTO CO., LTD.
OSAKA CAR LIFE GROUP CO., LTD.
(NISSAN OSAKA SALES CO., LTD.)
TOHOKU TANKU SHOUKAI CO., LTD.
ENEX PETROLEUM SALES HIGASHI-NIHON CO., LTD.
ENEX PETROLEUM SALES NISHI-NIHON CO., LTD.
KYUSHU ENERGY CO., LTD.
KOKURA ENTERPRISE ENERGY CO., LTD.
ITOCHU ENEX HOME-LIFE HOKKAIDO CO., LTD.
ITOCHU ENEX HOME-LIFE TOHOKU CO., LTD.
ITOCHU ENEX HOME-LIFE KANTO CO., LTD.
ITOCHU ENEX HOME-LIFE CHUBU CO., LTD.
ITOCHU ENEX HOME-LIFE KANSAI CO., LTD.
ITOCHU ENEX HOME-LIFE NISHI-NIHON CO., LTD.
ECORE CO., LTD.
ITOCHU INDUSTRIAL GAS CO., LTD.
PT. ITC ENEX INDONESIA
Main Group Companies
Home-Life Division
We sell energy, including LP gas, kerosene and
electricity, to 1.08 million households across Japan.
Power & Utility Division
We operate a vertically integrated electricity
business, consisting of operations from generating
electricity to balancing supply and demand and
handling sales. We also operate local heat supply
services.
Car-Life Division
We sell petroleum products and provide automobile-
related services to consumers through approximately
2,000 Car-Life Stations (CS*).
* CS is an abbreviation for Car-Life Station; it refers to service stations delivering
multiple services to meet every car-life need.
Energy Innovation Division
We sell industrial-use energy and materials to
corporate customers, consisting of approximately
3,500 business sites across Japan.
(As of March 31, 2016)
2 3ITOCHU ENEX CO., LTD. Annual Report 2016 ITOCHU ENEX CO., LTD. Annual Report 2016
