This document is an English translation of quarterly financial results report released on August 2, 2017 and written initially inJapanese.
The Japanese original should be considered as the primary version.

August 2, 2017

Consolidated Financial Results for the First Three Months of
the Fiscal Year Ending March 31, 2018
<under IFRSs>
Company name:
Listing:
Stock code:
URL:
Representative:
Contact:

Itochu Enex Co., Ltd.
Tokyo Stock Exchange, 1st Section
8133
http://www.itcenex.com/english/
Kenji Okada, Representative Director, President and CEO
Keisuke Hioki, General Manager, Finance & General Accounting Department
Tel: +81-3-6327-8010

Scheduled date to file quarterly securities report: August 10, 2017
Scheduled date to commence dividend payments: –Preparation of supplementary results briefing material on quarterly financial results: None
Holding of quarterly financial results presentation meeting: None
(Millions of yen with fractional amounts rounded, unless otherwise noted)

1. Consolidated financial results for the first three months of the fiscal year ending March 31, 2018(from April 1, 2017 to June 30, 2017)(1) Consolidated operating results(Percentages indicate year-on-year changes.)
Profit fromoperatingactivities

Total tradingtransactions

Three months ended
June 30, 2017
June 30, 2016

Three months ended
June 30, 2017
June 30, 2016

Millionsof yen%Millionsof yen245,395

10.5

222,091(22.1)

Profit before tax%

Millionsof yen

4,664

100.4

2,328

(15.6)Net profit%

Millionsof yen

%

4,591

97.6

3,057

115.2

2,324

(11.3)

1,420

(9.7)

Basic earnings per
share attributable
to Itochu Enex’s
shareholders

Diluted earnings
per share
attributable to
Itochu Enex’s
shareholders

Yen

Yen

22.33
9.53

Net profit
attributable to Comprehensive
Itochu Enex’s
incomeshareholders
Millionsof yen%Millionsof yen

2,523

134.3

3,244

589.2

1,077

(19.5)

471(78.2)%––

Note: “Total trading transactions” are presented in accordance with the Japanese accounting practices and represent the total
amounts of transactions that the Company and its subsidiaries conducted as a party in contracts and for which they
acted as an agent.

(2) Consolidated financial position
Total assets

As ofJune 30, 2017
March 31, 2017

Total shareholders’equityTotal equity

Millions of yen

Millions of yen

319,353
344,603

Ratio of shareholders’equity to total assets

Millions of yen

128,015
127,477%

109,131
108,51134.2
31.5

2. Cash dividends
Annual cash dividends per share
Second quarterend

First quarter-end
Fiscal year ended
March 31, 2017
Fiscal year ending
March 31, 2018

Yen–

Third quarter-end

Yen

Fiscal year-end

Yen

Total

Yen

Yen

13.50

–

18.50

32.00

16.00

–

16.00

32.00

–

Fiscal year ending
March 31, 2018
(Forecast)

Note: Revisions to the forecasts of cash dividends most recently announced: None

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2018(from April 1, 2017 to March 31, 2018)

Total tradingtransactions
Millions of yen

Six months ending
September 30, 2017
Fiscal year ending
March 31, 2018–
1,150,000

Profit from operating
activities% Millions of yen

–
11.8

–
16,500(Percentages indicate year-on-year changes.)
Basic earnings
Net profit
per share
Profit before tax attributable to Itochu attributable toEnex’s shareholders Itochu Enex’s
shareholders% Millions of yen–(16.2)–
17,800% Millions of yen

–
(8.0)

–
10,400

%

Yen

–

–

(0.0)

92.05

Note: Revisions to the consolidated earnings forecasts most recently announced: None
The Company’s performance is evaluated on a fiscal year basis. Accordingly, consolidated earnings forecasts for the
first six months of fiscal year are not prepared.

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in thechange in scope of consolidation): None
(2) Changes in accounting policies and changes in accounting estimatesa. Changes in accounting policies required by IFRSs:
b. Changes in accounting policies other than the above:c. Changes in accounting estimates:

None
None
None

(3) Number of issued shares (common stock)a. Total number of issued shares at end of period (including treasury stock)
As of June 30, 2017

116,881,106 shares

As of March 31, 2017

116,881,106 sharesb. Number of treasury stock at end of period
As of June 30, 2017

3,892,440 shares

As of March 31, 2017

3,892,374 sharesc. Average number of outstanding shares during period (cumulative from the beginning of the fiscal year)
For the three months ended June 30, 2017112,988,683 shares

For the three months ended June 30, 2016

112,989,260 shares* Quarterly financial results reports are not required to be subjected to quarterly reviews.
* Proper use of earnings forecasts, and other special notes
The forecasts and other forward-looking statements in this report are based on information currently
available to the Company and on certain assumptions deemed to be reasonable by the Company. Actual
business and other results may significantly differ from these forecasts due to various factors.
Please refer to ―1. Qualitative Information Regarding Results for the First Three Months, (3) Explanationof Consolidated Earnings Forecasts and Other Forward-Looking Statements on page 5 of the attachedmaterials for the suppositions that form the assumptions for earnings forecasts and cautions concerning theuse thereof.

Contents of Attached Materials
1. Qualitative Information Regarding Results for the First Three Months ............................................... 2(1) Explanation of Operating Results ....................................................................................................... 2(2) Explanation of Financial Position ....................................................................................................... 4(3) Explanation of Consolidated Earnings Forecasts and Other Forward-Looking Statements ........ 5
2. Condensed Quarterly Consolidated Financial Statements and Significant Notes Thereto .................. 6(1) Condensed Quarterly Consolidated Statement of Financial Position .............................................. 6(2) Condensed Quarterly Consolidated Statement of Comprehensive Income .................................... 8(3) Condensed Quarterly Consolidated Statement of Changes in Equity ........................................... 10(4) Condensed Quarterly Consolidated Statement of Cash Flows ....................................................... 11(5) Notes on Uncertainties of Entity’s Ability to Continue as Going Concern .................................... 13(6) Segment Information .......................................................................................................................... 13

-1-

1.

Qualitative Information Regarding Results for the First Three Months(1) Explanation of Operating Results
1)

Results of operations
During the three months ended June 30, 2017, the Japanese economy maintained its moderate trend ofrecovery, supported by improvements in corporate earnings and the employment environment, etc.
However, the outlook for the global economy remained uncertain due to factors such as slowing
economies in China and other emerging countries, etc.
In the petroleum products distribution industry, the persistent decline in demand continues and theoutlook for crude oil prices remains uncertain.
In this environment, the Itochu Enex Group announced its new two-year medium-term business plan
“Moving 2018 Connecting to the future” in April 2017, and has been advancing its business based on
the following basic policies:<1> “Connecting to future growth” —Reforming the revenue base —(1) Optimizing resources(2) Improving profitability(3) Developing the customer base<2> “Connecting people and functions of the Group” — Reforming the organizational base —(1) Reinforcing organizational strength(2) Nurturing autonomous human resources(3) Promoting ENEX EARLY BIRD, a Plan to Transform Our Approach to WorkAs part of those initiatives, we reorganized the Group’s business divisions in April 2017. The Car-Life
Division and the sale of industrial fuels and materials and other operations in the Energy Innovation
Division were combined to form the Life Energy & Logistics Division, while the Energy Innovation
Division was reorganized as the Industrial Energy & Logistics Division. Responding to increasing
rationalization of the industry, including its realignment, in response to decreasing demand for
petroleum by striving to become an organization capable of delivering a wide range of solutions,
including services, products, and materials, to end users by integrating the petroleum sales businessfrom the regional organization level.
As a result of these activities, revenue was ¥172,458 million (up 15.9% year on year), profit fromoperating activities was ¥4,664 million (up 100.4% year on year), and net profit attributable to Itochu
Enex’s shareholders was ¥2,523 million (up 134.3% year on year).

2)

Results of operations by segment<Power & Gas Business Group>
Home-Life Division
In the Home-Life Division, the sales volume of LP gas rose slightly from that of the corresponding
period of the previous fiscal year, mainly reflecting an increase in the number of new customers.
Despite pressure on profit margins due to a decline in LP gas import prices, profits increased year on
year, supported by the electricity business, a new source of earnings and by firm sales of equipment.
The division also worked to further expand its customer base by launching various new marketing
campaigns and other initiatives.
Regarding sales of electricity for households, the division promoted sales of combined LP gas andelectricity supply packages. As a result, during the first three months ended June 30, 2017, the numberof new supply contracts increased by approximately 4,000 to roughly 36,000.
In overseas business, the customer base is growing strongly at our industrial gas sales business inIndonesia (PT. ITC ENEX INDONESIA) and at our LP gas sales business in the Philippines (IslaPetroleum & Gas Corporation). Going forward, we will continue to expand sales channels in theoverseas business.

-2-

As a result of these activities, revenue was ¥21,675 million (up 14.3% year on year), profit fromoperating activities was ¥785 million (up 21.6% year on year), and net profit attributable to Itochu
Enex’s shareholders was ¥406 million (up 12.4% year on year).

Power & Utility Division
In the Power & Utility Division, electricity sales volume and profits increased from the corresponding
period of the previous fiscal year, in the electricity sales field, led by the Company and Oji-Itochu Enex
power retailing Co., Ltd., reflecting efforts to increase electricity sales to households and business users.
In the power generation field, total power generation decreased year on year due to scheduled
maintenance at thermal power plants and the sale of some wind power generation facilities in theprevious fiscal year. However, bottom-line profit increased due to factors such as the booking of onetime gains in the first three months of the fiscal year.
In the heat supply business*1, demand for heat declined amid lower average temperatures in East Japan
than in the same period a year earlier, but overall demand increased year on year due to the start of
supplies to GINZA SIX*2 in April 2017. Sales also increased year on year, but facility disposal costs
related to the upgrade of existing facilities and other factors led to a decline in profits.
In the electricity retailing field, we stepped up sales activities by forming alliances with companies thathave strong customer bases in local areas and by reinforcing cooperation with other divisions in the
Company. Going forward, we will continue to develop new value proposals related to electricity
through collaboration businesses that bring together sales of electricity by ENEX LIFE SERVICE CO.,LTD. and companies in other sectors.
As a result of these activities, revenue was ¥14,059 million (up 23.1% year on year), profit fromoperating activities was ¥1,915 million (up 47.2% year on year), and net profit attributable to Itochu
Enex’s shareholders was ¥931 million (up 42.7% year on year).
*1 Heat supply business: The heat supply business supplies cold and hot water for air conditioning to multiple officebuildings and other buildings from a heat source plant using pipes.
*2 GINZA SIX is a multipurpose commercial facility located in Ginza district, Chuo-ku, Tokyo. Group company
TOKYO TOSHI SERVICE COMPANY provides district heating services to the facility.

<Distribution & Energy Innovation Business Group>
Life Energy & Logistics Division
In the Life Energy & Logistics Division, sales volume and profits both increased from thecorresponding period of the previous fiscal year, despite an operating environment characterized by acontinued decline in demand for fuel in the domestic market.
Declining demand for petroleum is driving sector realignment amid a wider trend of industry
consolidation. Against that backdrop, the Group’s operations in this field were reorganized as the Life
Energy & Logistics Division by combining the CS-related business*3, the industrial fuel business, the
AdBlue business*4 and electricity sales and other service businesses to create an organization with theability to provide products and services tailored to the lifestyles of each region.
In the CS-related business, we continued to introduce our new POS system at affiliated CS sites andused a shared loyalty points system to exchange customers with companies in other sectors.
In the automobile-related business, we are rolling out a new service brand called Carlife Stadium. As
the first business under the new brand, ENEXAUTO CO., LTD. launched Carlife Stadium car rentals in
April 2017. We will improve the quality of vehicles and sales services for customers to expand thefunctions of the car rental network, while also working to attract more customers through web-based
promotions and customer transfers from other companies.
To satisfy the needs of local customers in each area, we will provide comprehensive product andservice solutions covering areas such as electricity supply to business users, in addition to focusing on
existing businesses. Going forward, we will continue to develop our business in this field while
responding to changes in the external environment.

-3-

At Nissan Osaka Sales Co., Ltd., unit sales in the three months ended June 30, 2017 increased sharply
compared with the same period a year earlier, when sales were weak due to the improper conduct infuel consumption testing at Mitsubishi Motors Corporation.
The number of Car-Life Stations in the Itochu Enex Group as of June 30, 2017, was 1,881, marking a
net decrease of 7 stations from the end of the previous fiscal year due to planned withdrawal of
unprofitable stations.
As a result of these activities, revenue were ¥118,388 million (up 12.5% year on year), profit fromoperating activities was ¥1,741 million (compared with loss from operating activities of ¥271 million in
the corresponding period of the previous fiscal year), and net profit attributable to Itochu Enex’s
shareholders was ¥1,013 million (compared with net loss of ¥376 million in the corresponding periodof the previous fiscal year).
*3 Car-Life Stations: Car-Life Stations are service stations offering multiple services provided by the Company.
*4 AdBlue is a high-grade urea solution used in SCR systems, which detoxifies nitrogen compounds (NOx) contained inexhaust gases of diesel vehicles.

Industrial Energy & Logistics Division
The Industrial Energy & Logistics Division was formed as a new division in the three months ended
June 30, 2017. The division is focused on four main businesses: the asphalt sales business, marine fuelsales business, petroleum product trading business and the tank terminal business. Leveraging thehighly specialist skills of all its businesses, the division is developing advanced, optimized supply
chains in each business and using diverse networks to expand trading volume in order to build a stableearnings base.
In the marine fuel sales business, we built a new fuel supply ships in July 2017, which will be deployedat Hakata Port. The new ship gave the business a nationwide fleet of seven supply ships.
In addition, we are making steady progress with promising environmental-related businesses, such as a
fly ash business that recycles and sells coal ash discharged from thermal power plants of the Company
and a slop and oil recycling business that recycles and sells waste oil recovered from ships. We are also
actively developing and exploring other new initiatives and investment projects.
As a result of these activities, revenue were ¥18,336 million (up 38.7% year on year), loss fromoperating activities was ¥56 million (compared with profit from operating activities of ¥394 million in
the corresponding period of the previous fiscal year), and net loss attributable to Itochu Enex’s
shareholders was ¥12 million (compared with net profit of ¥306 million in the corresponding period of
the previous fiscal year).

(2) Explanation of Financial Position
Assets, liabilities and equity
Total assets amounted to ¥319,353 million as of June 30, 2017, a decrease of ¥25,250 million from March
31, 2017, mainly reflected a decrease in trade receivables. Total liabilities amounted to ¥191,338 million,a decrease of ¥25,788 million from March 31, 2017, mainly due to a decrease of trade payables. Total
equity totaled ¥128,015 million, an increase of ¥538 million from March 31, 2017, due to factors
including increase from net profit attributable to Itochu Enex’s shareholders and a decrease by payment ofcash dividends, and the like.

Cash flows
Cash and cash equivalents (net cash) totaled ¥15,441 million as of June 30, 2017, down ¥7,286 million
from March 31, 2017.

-4-

Cash flows from operating activities
Operating activities used net cash of ¥1,871 million. Major items included profit before tax of ¥4,591
million, income taxes paid of ¥5,944 million and funds required for trading of ¥317 million.

Cash flows from investing activities
Investing activities used net cash of ¥3,467 million. Major items included payments for purchase ofproperty, plant and equipment and investment property of ¥4,192 million, acquisition of subsidiaries of¥1,288 million, and a decrease in deposits paid of ¥3,000 million.

Cash flows from financing activities
Financing activities used net cash of ¥1,944 million. Major items included expenses as payment of cash
dividends of ¥2,705 million and proceeds from an increase in interest-bearing debt of ¥762 million.

(3) Explanation of Consolidated Earnings Forecasts and Other Forward-Looking Statements
Although operating performance could be affected by various factors, including crude oil prices, market
conditions, changes in the weather, and the Japanese government’s energy policy, we have not revised ourfull-year consolidated earnings forecasts announced on April 28, 2017.

-5-

2.

Condensed Quarterly Consolidated Financial Statements and Significant Notes
Thereto(1) Condensed Quarterly Consolidated Statement of Financial Position
As ofMarch 31, 2017
ASSETS
Current assets
Cash and cash equivalents
Trade receivables
Other current financial assets
Inventories
Trade advances paid
Other current assets
Total current assets
Non-current assets
Investments accounted for by the equity method
Other investments
Non-current financial assets other than investments
Property, plant and equipment
Investment property
Goodwill
Intangible assets
Deferred tax assets
Other non-current assets
Total non-current assets
Total assets-6-(Millions of yen)
As ofJune 30, 2017

22,727
94,75929,70927,1551,900
1,877

15,44180,332
26,93323,866
2,319
3,067

178,127

151,958

11,7497,461
10,80387,588
11,986533
23,638
11,3591,359

11,858
8,104
10,934
89,134
11,203533
23,605
10,383
1,641

166,476

167,395

344,603319,353

As ofMarch 31, 2017
LIABILITIES AND EQUITYCurrent liabilities
Short-term bonds and borrowings
Trade payables
Other current financial liabilities
Income taxes payable
Advances from customers
Other current liabilities
Total current liabilities
Non-current liabilities
Non-current bonds and borrowings
Other non-current financial liabilities
Non-current liabilities for employee benefits
Deferred tax liabilities
Provisions
Other non-current liabilities(Millions of yen)
As ofJune 30, 2017

9,318
101,902
8,719
5,258
6,460
12,094

10,85083,788
7,551
1,108
6,262
9,438

143,751

118,997

31,702
24,501
9,761
1,961
5,052
398

31,37423,604
9,800
2,152
4,994
417

Total non-current liabilities

73,37572,341

Total liabilities

217,126

191,338

EquityCommon stock
Capital surplus
Retained earnings
Other components of equity
Treasury stock

19,87818,74073,300(1,655)(1,752)

19,87818,74073,732(1,467)(1,752)

Total shareholders’ equity

108,511

109,131

Non-controlling interests
Total equity
Total liabilities and equity-7-

18,966

18,884

127,477

128,015344,603319,353

(2) Condensed Quarterly Consolidated Statement of Comprehensive Income
Three months ended
June 30, 2016

(Millions of yen)Three months ended
June 30, 2017

Revenue
Cost of sales

148,808(128,316)

172,458(150,460)

Gross profit

20,492

21,998Other expense
Selling, general and administrative expenses
Loss from tangible assets, intangible assets and goodwill
Other – net(18,161)(251)
248(17,738)(55)
459

Total other expense(18,164)(17,334)

Profit from operating activities

2,328

4,664

Financial income and costs
Interest income
Dividends received
Interest expense
Other financial income and costs – net

22
229
(235)
(1)

16
270
(237)
(51)

Total financial income and costs

15

(2)

(19)

(71)

Share of profit (loss) of investments accounted for by the equity
methodProfit before tax

2,324

4,591

(904)

(1,534)

Net profit

1,420

3,057

Net profit attributable to:
Net profit attributable to Itochu Enex’s shareholders
Net profit attributable to non-controlling interests

1,077
343

2,523
534

1,420

3,057

Income tax expense

Total

-8-

Three months ended
June 30, 2016
Other comprehensive income (net of tax effect)
Items that will not be transferred to profit or loss
FVTOCI financial assets
Other comprehensive income in associates accounted for by theequity method
Items that may be transferred to profit or loss
Exchange differences on translating foreign operations
Cash flow hedges
Other comprehensive income in associates accounted for by theequity method(Millions of yen)Three months ended
June 30, 2017

(393)

361

(0)

1

(53)
(110)

(15)
(2)

(393)

(158)

(949)

187

Comprehensive income

471

3,244

Comprehensive income attributable to:Comprehensive income attributable to Itochu Enex’s shareholders
Comprehensive income attributable to non-controlling interests

128
343

2,710
534

471

3,244

Total other comprehensive income (net of tax effect)

Total

(Yen)
Earnings per share attributable to Itochu Enex’s shareholders
Basic
Diluted9.53–

Total trading transactions(Note)

222,091

22.33–(Millions of yen)
245,395

Total trading transactions are presented in accordance with the Japanese accounting practices and represent the total
amounts of transactions that the Company and its subsidiaries conducted as a party in contracts and for which they
acted as an agent. This item is voluntarily disclosed by the Company for investors’ convenience and is not required tobe disclosed under International Financial Reporting Standards (“IFRSs”).

-9-(3) Condensed Quarterly Consolidated Statement of Changes in Equity
Three months ended
June 30, 2016

(Millions of yen)Three months ended
June 30, 2017

EquityCommon stock
Balance at the beginning of the period

19,87819,878

Balance at the end of the period

19,87819,878

Capital surplus
Balance at the beginning of the period

18,74018,740

Balance at the end of the period

18,74018,74066,024
1,077(111)(1,356)73,3002,523–(2,090)65,63473,732(2,364)(1,655)

(949)

188

111

–

(3,202)(1,467)(1,752)(0)(1,752)(0)(1,752)(1,752)

99,298109,131

16,636343

18,966534(0)0Retained earnings
Balance at the beginning of the period
Net profit attributable to Itochu Enex’s shareholders
Transfer from other components of equity
Cash dividends paid to Itochu Enex’s shareholders
Balance at the end of the period
Other components of equity
Balance at the beginning of the period
Other comprehensive income attributable to Itochu Enex’s
shareholders
Transfer to retained earnings
Balance at the end of the period
Treasury stock
Balance at the beginning of the period
Purchase and disposal of treasury stock
Balance at the end of the period
Total shareholders’ equity
Non-controlling interests
Balance at the beginning of the period
Net profit attributable to non-controlling interests
Other comprehensive income attributable to non-controllinginterests
Cash dividends paid to non-controlling interests
Balance at the end of the period
Total equity- 10 -

(345)

(615)

16,634

18,884

115,932

128,015

(4) Condensed Quarterly Consolidated Statement of Cash Flows(Millions of yen)Three months ended
June 30, 2016

Three months ended
June 30, 2017

Cash flows from operating activities
Profit before tax
Depreciation and amortization
Loss from tangible assets, intangible assets and goodwill
Financial income and costs
Share of loss of investments accounted for by the equity method
Decrease (increase) in trade receivables
Decrease in inventories
Decrease in trade payables
Other – net
Interest and dividends received
Interest expense
Income taxes paid

2,324
2,694
251
(15)
19
(5,268)2,673(6,142)(1,601)412(181)(3,404)

4,591
2,728
55
2
71
14,5083,289(18,114)(3,397)510(170)(5,944)

Net cash flows used in operating activities(8,238)(1,871)

(485)
(8)
1,160
–
(215)
102

(468)
(189)
11
(1,288)(55)
102(1,580)(4,192)

308

665

(180)
–
(6,000)
261

(558)
10
3,000
(505)

(6,637)(3,467)

Cash flows from investing activities
Purchase of investments accounted for by the equity method
Purchase of investments
Proceeds from sales of investments
Acquisition of subsidiaries, net of cash acquired
Payment for loans receivableCollection of loans receivable
Payments for purchase of property, plant and equipment andinvestment property
Proceeds from sales of property, plant and equipment andinvestment property
Purchase of intangible assets
Proceeds from sales of intangible assets
Decrease (Increase) in deposits paid – net
Other – net
Net cash flows used in investing activities- 11 -

(Millions of yen)Three months ended
June 30, 2016

Three months ended
June 30, 2017

Cash flows from financing activities
Proceeds from bonds and borrowings
Repayments of bonds and borrowings
Net increase in short-term borrowings
Cash dividends paid to Itochu Enex’s shareholders
Cash dividends paid to non-controlling interests
Other – net

3,000
(590)
6,592
(1,356)
(345)
–

–
(886)
1,648
(2,090)(615)(1)

Net cash flows provided by (used in) financing activities

7,301(1,944)

Net decrease in cash and cash equivalents(7,574)(7,282)

Cash and cash equivalents at the beginning the period

20,82422,727

Effect of exchange rate changes on cash and cash equivalents
Cash and cash equivalents at the end of the period- 12 -(47)(4)

13,203

15,441

(5) Notes on Uncertainties of Entity’s Ability to Continue as Going Concern
No items to report.

(6) Segment Information
For the three months ended June 30, 2016
(Millions of yen)
Reportable segment
Home-Life

Life Energy &Power & Utility
Logistics
Division

Industrial
Energy &Logistics
Division

Total

13,216

Adjustment

Consolidated

148,808－

148,808

Revenue
Revenue fromexternal customers

18,956

11,419105,217

58

62

765

93

978

(978)

－

19,014

11,481

105,982

13,309149,786(978)148,808

6,463

2,172

11,012845

20,492－

20,492

Profit (loss) fromoperating activities

646

1,301

(271)

394

2,070

258

2,328

Profit (loss) before
tax

758

1,228

(345)

435

2,076

248

2,324

Net profit (loss)
attributable to
Itochu Enex’s
shareholders

361

652

(376)

306

943

134

1,077

Total assets

57,03359,473

133,536

33,570283,612

19,764

303,376

Total tradingtransactions

20,136

11,973

154,234

35,748222,091－

222,091

Intersegment revenue
Total revenue
Gross profit

Other items(Note)

Intersegment transactions have been decided by reference to the market price.
The adjustment of ¥134 million to net profit attributable to Itochu Enex’s shareholders represents corporate profit(loss) not allocated to reportable segments.
The adjustment of ¥19,764 million to total assets represents corporate assets not allocated to reportable segments.
Total trading transactions are unaudited items voluntarily disclosed by the Company and represent the amount ofsales in accordance with Japanese accounting practices.

- 13 -

For the three months ended June 30, 2017
(Millions of yen)
Reportable segment
Home-Life

Life Energy &Power & Utility
Logistics
Division

Industrial
Energy &Logistics
Division

Total

18,336

Adjustment

Consolidated

172,458－

172,458

Revenue
Revenue fromexternal customers
Intersegment revenue

21,675

14,059118,388

29

1,250

693

－

1,972

(1,972)－

21,70415,309119,081

18,336

174,430(1,972)

172,458

6,551

2,803

12,237407

21,998－21,998

Profit (loss) fromoperating activities

785

1,915

1,741

(56)

4,385

279

4,664

Profit (loss) before
tax

906

1,815

1,636

(19)

4,338

253

4,591

Net profit (loss)
attributable to
Itochu Enex’s
shareholders

406

931

1,013

(12)

2,338

185

2,523

Total assets

59,58974,667137,136

28,558299,950

19,403319,353

Total tradingtransactions

22,888

14,670179,784

28,053245,395－

245,395

Total revenue
Gross profit

Other items(Note)

Intersegment transactions have been decided by reference to the market price.
The adjustment of ¥185 million to net profit attributable to Itochu Enex’s shareholders represents corporate profit(loss) not allocated to reportable segments.
The adjustment of ¥19,403 million to total assets represents corporate assets not allocated to reportable segments.
Total trading transactions are unaudited items voluntarily disclosed by the Company and represent the amount ofsales in accordance with Japanese accounting practices.

As of March 31, 2017
(Millions of yen)
Reportable segment
Home-Life
Total assets(Note)

65,033

Life Energy &Power & Utility
Logistics
Division
70,700149,422

Industrial
Energy &Logistics
Division

Total

Adjustment

Consolidated

29,429314,584

30,019344,603

The adjustment of ¥30,019 million to total assets represents corporate assets not allocated to reportable segments.

Change in reportable segments
In the first quarter ended June 30, 2017, the Car-Life Division and the sale of industrial fuels and materials
and other operations in the Energy Innovation Division were combined to form the Life Energy &Logistics Division, while the Energy Innovation Division was reorganized as the Industrial Energy &Logistics Division. As a result, effective from the period under review, the Company has reclassified its
reportable segments.
Due to the change in segments, segment information for the first three months of the previous fiscal year
and as of the end of the previous fiscal year (March 31, 2017) has been adjusted based on the new segmentclassifications.

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