This document is an English translation of quarterly financial results report released on July 31, 2024 and written initially inJapanese.
The Japanese original should be considered as the primary version.

July 31, 2024

Consolidated Financial Results for the First Three Months of
the Fiscal Year Ending March 31, 2025
<under IFRSs>
Company name:
Listing:
Stock code:
URL:
Representative:
Contact:

Itochu Enex Co., Ltd.
Tokyo Stock Exchange8133
https://www.itcenex.com/english/
Tomofumi Yoshida, Representative Director, President and Chief Executive Officer
Shigemi Kishibe, General Manager, Finance & General Accounting Department
Tel: +81-3-4233-8025

Scheduled date to commence dividend payments: –Preparation of supplementary results briefing material on financial results: Yes
Holding of 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, 2025
(from April 1, 2024 to June 30, 2024)(1) Consolidated operating results(Percentages indicate year-on-year changes.)
Profit fromoperatingactivities

RevenueThree months ended
June 30, 2024
June 30, 2023

Millionsof yen%Millionsof yen%Millionsof yen%Net profit

Millionsof yen%Millionsof yen%Millionsof yen%211,030(1.7)

5,415 (41.4)

6,031 (29.2)

4,276 (25.4)

3,686 (28.3)

4,490 (27.9)

214,743(12.5)

9,246

8,519

5,730

5,139

6,224

Basic earnings per
share attributable
to Itochu Enex’s
shareholders
Three months ended
June 30, 2024
June 30, 2023

Profit before tax

Net profit
attributable to Comprehensive
Itochu Enex’s
incomeshareholders

62.3

Diluted earnings
per share
attributable to
Itochu Enex’s
shareholders

Yen

32.67
45.54

Yen

–
–

24.4

15.6

15.7

15.7

(2) Consolidated financial position
Total assets

As ofJune 30, 2024
March 31, 2024

Total shareholders’equityTotal equity

Millions of yen

Millions of yen

413,582444,304

Ratio of shareholders’equity to total assets

Millions of yen

191,490
192,209%

163,069
162,543

39.4
36.6

2. Cash dividends
Annual cash dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Fiscal year ended
March 31, 2024
Fiscal year ending
March 31, 2025–

Fiscal year-end

Total

Yen

Yen

26.00

–

28.00

54.00

28.00

–

28.00

56.00

–

Fiscal year ending
March 31, 2025
(Forecast)

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

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2025
(from April 1, 2024 to March 31, 2025)(Percentages indicate year-on-year changes.)
Profit from operating
activities
Millions of yen

Fiscal year ending
March 31, 2025

21,500

Profit before tax% Millions of yen(8.8)

Basic earnings per
Net profit
share attributable toattributable to Itochu
Itochu Enex’s
Enex’s shareholders
shareholders

22,300% Millions of yen(9.7)

13,500

%

(2.8)

Yen

119.59Note: 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) Significant changes in the scope of consolidation during the period: 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, 2024

116,881,106 shares

As of March 31, 2024

116,881,106 sharesb. Number of treasury stock at end of period
As of June 30, 2024

4,129,864 shares

As of March 31, 2024

3,997,287 sharesc. Average number of outstanding shares during period (cumulative from the beginning of the fiscal year)
For the three months ended June 30, 2024

112,817,511 shares

For the three months ended June 30, 2023

112,855,202 shares* Review of the Japanese-language originals of the attached quarterly consolidated financial statements bycertified public accountants or an audit corporation: None
* Proper use of earnings forecasts, and other special notes(Caution regarding forward-looking statements and others)
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.
(Review by certified public accountants or an audit corporation)
The Company’s condensed quarterly consolidated financial statements, etc. attached to the financial results
report for the three months ended June 30, 2024 are being voluntarily reviewed by Deloitte Touche
Tohmatsu LLC, and the financial results report with a review report attached will be disclosed on August
7, 2024 after completion of the review.

Contents of Attached Materials
1. Overview of Operating Results and Others .............................................................................................. 2(1) Quarterly Overview of Operating Results.......................................................................................... 2(2) Quarterly Overview of Financial Position .......................................................................................... 5
2. Condensed Quarterly Consolidated Financial Statements and Significant Notes Thereto .................. 7(1) Condensed Quarterly Consolidated Statement of Financial Position .............................................. 7(2) Condensed Quarterly Consolidated Statement of Comprehensive Income .................................... 9(3) Condensed Quarterly Consolidated Statement of Changes in Equity ........................................... 11(4) Condensed Quarterly Consolidated Statement of Cash Flows ....................................................... 12(5) Framework of Financial Reporting................................................................................................... 14(6) Notes on Uncertainties of Entity’s Ability to Continue as Going Concern .................................... 14(7) Segment Information .......................................................................................................................... 14- 1 -Overview of Operating Results and Others

1.

(1) Quarterly Overview of Operating Results
1)

Results of operations
During the three months ended June 30, 2024, the outlook for the Japanese economy such as theheightening of geopolitical risks and the impact of foreign exchange rates was expected to remain
uncertain going forward, although the high domestic prices of petroleum products, electricity andother energy have begun to settle.
The operating results for the three months ended June 30, 2024 are as follows.
(Millions of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2024

214,743

211,030(3,713)

Profit from operating activities

9,246

5,415

(3,831)

Net profit attributable to Itochu Enex’s shareholders

5,139

3,686

(1,453)

Revenue

ChangeRevenue was ¥211,030 million (down 1.7% year on year).
Profit from operating activities was ¥5,415 million (down 41.4% year on year). Net profit attributable
to Itochu Enex’s shareholders was ¥3,686 million (down 28.3% year on year). This was mainly due toa reactionary decline after proceeds from sales of a large-scale solar power plant (mega solar power
plant) (¥5,019 million impact on profit from operating activities), despite an improvement of
profitability in the Home-Life Division and the Power & Utility Division. As profit from operating
activities excluding the aforementioned one-time profit increased year on year, the Company made agood start with a net profit attributable to Itochu Enex’s shareholders constituting a rate of progress of
27.3% toward the projection of ¥13.5 billion for the fiscal year ending March 31, 2025.
2)

Results of operations by segment
Results of operations by segment are as follows.

Home-Life Division(Millions of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2024

15,703

16,871

1,168

Profit (loss) from operating activities

(35)

110

145

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

(551)

616

1,167

Revenue

ChangeLP gas business: The number of customers under direct LP gas supply contracts was approximately
574,000, the same level as the end of the previous year. LP gas sales volume decreased year on year
due to the impact of higher average temperatures year on year.
The operating results for the three months ended June 30, 2024 are as follows.
Revenue was ¥16,871 million (up 7.4% year on year). This was mainly due to an increase in selling
prices caused by LP gas import prices in this period exceeding those in the same period of the previous
fiscal year.
Profit from operating activities was ¥110 million (loss of ¥35 million for the same period of theprevious fiscal year). Net profit attributable to Itochu Enex’s shareholders was ¥616 million (loss of- 2 -¥551 million for the same period of the previous fiscal year). This was mainly due to the reactionary
gain from the negative impact on profit margins in the same period of the previous fiscal year, which
had been due to changes in unit inventory prices.

Car-Life Division(Millions of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2024

139,218

144,164

4,946

Profit from operating activities

2,056

1,776

(280)

Net profit attributable to Itochu Enex’s shareholders

1,017

873

(144)

Revenue

Change

Car-Life Stations (CS)(*1) business: The number of CS was 1,563, a decrease of 3 compared with theend of the previous fiscal year. Sales volumes of petroleum products remained at the same level year on
year.
Automotive business: Our car dealer business subsidiary OSAKA CAR LIFE GROUP CO., LTD.
experienced an increase in overall sales volume year on year due to strong performance in used car
sales.
The operating results for the three months ended June 30, 2024 are as follows.
Revenue was ¥144,164 million (up 3.6% year on year).
Profit from operating activities was ¥1,776 million (down 13.6% year on year). Net profit attributable
to Itochu Enex’s shareholders was ¥873 million (down 14.2% year on year). This was mainly due to a
decline in earnings capabilities in the CS business due to the state of the market, despite contributions
from an increase in the sales volume of used cars and an increase in gross profit per vehicle.
(*1) Car-Life Stations: Car-Life Stations are service stations offering multiple services provided by the Company.

Industrial Business Division(Millions of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2024

32,11133,261

1,150

Profit from operating activities

965

1,382

417

Net profit attributable to Itochu Enex’s shareholders

789

1,086

297

Revenue

ChangeAsphalt sales business: Sales volumes increased year on year due mainly to the acquisition of newcommercial rights.
Environmental businesses: Sales volumes of AdBlue®(*2) remained at the same level as the same periodof the previous year.
Marine fuel sales business: Sales volumes decreased year on year due to a partial reduction intransactions for ocean-going vessels.
The operating results for the three months ended June 30, 2024 are as follows.
Revenue was ¥33,261 million (up 3.6% year on year).

- 3 -Profit from operating activities was ¥1,382 million (up 43.2% year on year). Net profit attributable to
Itochu Enex’s shareholders was ¥1,086 million (up 37.6% year on year). This was mainly due to theasphalt sales business and the strong performance of industrial gas sales business and other businesses.
(*2) AdBlue® is a world-standard High-Grade Aqueous Urea used in the decomposition and detoxification of diesel
exhaust. (AdBlue® is a registered trademark of Verband der Automobilindustrie e.V. (VDA).)Power & Utility Division(Millions of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2024

Revenue

27,711

16,734(10,977)

Profit from operating activities

6,135

2,005

(4,130)Net profit attributable to Itochu Enex’s shareholders

3,853

1,135

(2,718)ChangeElectricity power retail business: Although sales volume in low-voltage sales decreased year on year
due to the decrease in the number of customers, total sales volume increased year on year(*3) due to thesteady progress in the acquisition of new contracts in high-voltage sales. The number of customers forelectricity retail for the entire Group was 317,000 (down approximately 4,000 from the end of theprevious fiscal year).
Heat supply business(*4): Sales volumes remained at the same level as the same period of the previous
year.
The operating results for the three months ended June 30, 2024 are as follows.
Revenue was ¥16,734 million (down 39.6% year on year). This was mainly due to a decrease in market
transactions and wholesale transactions.
Profit from operating activities was ¥2,005 million (down 67.3% year on year). Net profit attributable
to Itochu Enex’s shareholders was ¥1,135 million (down 70.5% year on year). This was mainly due to areactionary decline after proceeds from sales of a large-scale solar power plant (mega solar power
plant) (¥5,019 million impact on profit from operating activities), despite an improvement of
profitability resulting from stabilization of the electricity market.
(*3) Sales volume of electricity power retail business includes brokerage volume for both high voltage and low voltage.
(*4) 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.

- 4 -(2) Quarterly Overview of Financial Position
Assets, liabilities and equity(Millions of yen)
As of March 31, 2024

As of June 30, 2024

ChangeTotal assets

444,304

413,582(30,722)

Total liabilities

252,095

222,092(30,003)

Total equity

192,209

191,490(719)

Total assets amounted to ¥413,582 million as of June 30, 2024, a decrease of ¥30,722 million from March
31, 2024. This was mainly due to a decrease in trade receivables of ¥16,472 million due to seasonal items.
Total liabilities amounted to ¥222,092 million, a decrease of ¥30,003 million from March 31, 2024. Thiswas mainly due to a decrease in trade payables of ¥23,174 million due to seasonal items. Total equity
totaled ¥191,490 million, a decrease of ¥719 million from March 31, 2024, due to factors including an
increase of ¥3,686 million from net profit attributable to Itochu Enex’s shareholders and a decrease of¥4,999 million by payment of cash dividends.
Cash flows
The Group maintained an operating structure capable of aggressively promoting investment to expand
peripheral businesses and develop new business areas, using the cash flow generated from its corebusinesses.
With respect to financing capacity for the time being, we have sufficiently secured account overdraft
facilities and commercial paper issuance facilities, in addition to maintaining ample cash and cash
equivalents. Moreover, we have maintained healthy levels of debt thus far, which is currently reflected by
our net debt-equity ratio (net DER) of negative 0.09 times.
(Millions of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2024

Net cash provided by (used in) operating
activities

8,733

(652)

(9,385)

Net cash provided by (used in) investing
activities

13,323(4,837)(18,160)[Free cash flows][22,056][(5,489)][(27,545)]

Net cash used in financing activities(17,688)(6,130)11,558

4,368(11,619)(15,987)

Effect of exchange rate changes on cash andcash equivalents

56

42

(14)

Cash and cash equivalents at the end of theperiod36,437

18,526(17,911)Net increase (decrease) in cash and cash
equivalents

ChangeCash and cash equivalents (net cash) totaled ¥18,526 million as of June 30, 2024, down ¥11,577 million
from March 31, 2024.

- 5 -Cash flows from operating activities(Millions of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2024

Net cash provided by (used in) operating
activities

8,733

(652)

(9,385)

Changes in working capital and others

3,375(7,130)(10,505)

Substantive operating cash flow(*5)

5,358

6,478

1,120

Change(*5) Net cash from operating activities minus working capital and others (decrease (increase) in trade receivables, decrease(increase) in inventories, increase (decrease) in trade payables, other – net).

Operating activities used net cash of ¥652 million. Major items included profit before tax of ¥6,031
million, depreciation and amortization of ¥5,302 million, an increase in payments of working capital andothers of ¥7,130 million, and income taxes paid of ¥5,236 million. Net cash from operating activities
decreased by ¥9,385 million year on year. However, substantive operating cash flow increased ¥1,120
million year on year.
Cash flows from investing activities
The Group has always made investments with an awareness of capital efficiency based on our investment
strategy.
Investing activities used net cash of ¥4,837 million. This was mainly due to purchase of investments of¥9,275 million, payments for purchase of property, plant and equipment and investment property of¥4,242 million, and recovery of deposits paid of ¥10,000 million. Net cash from investing activities
decreased by ¥18,160 million year on year.
Cash flows from financing activities
The Group aims to streamline Group-wide financing activities to enhance our corporate value, and isstrengthening financial management through the Group Financial System(*6).
Financial activities used net cash of ¥6,130 million. This was mainly due to repayments of lease liabilitiesof ¥2,744 million, cash dividends paid to Itochu Enex’s shareholders of ¥3,164 million, and cash
dividends paid to non-controlling interests of 1,835. Net cash from financing activities increased by¥11,558 million year on year.
(*6) The Group Financial System streamlines fund management and procurement costs by sharing funds within the Group.

- 6 -

2.

Condensed Quarterly Consolidated Financial Statements and Significant Notes
Thereto(1) Condensed Quarterly Consolidated Statement of Financial Position
As ofMarch 31, 2024
ASSETS
Current assets
Cash and cash equivalents
Trade receivables
Other current financial assets
Inventories
Income taxes receivable
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- 7 -(Millions of yen)
As ofJune 30, 2024

30,103
118,360
35,81928,508
639
787
2,303

18,526
101,888
25,52727,981
661
807
2,221

216,519

177,61134,046
4,987
8,590
130,475
12,624521
22,232
12,9791,331

43,575
4,667
8,784
130,326
12,282521
22,371
12,151
1,294

227,785

235,971444,304

413,582

As ofMarch 31, 2024
LIABILITIES AND EQUITYCurrent liabilities
Short-term bonds and borrowings
Trade payables
Lease liabilities
Other current financial liabilities
Income taxes payable
Advances from customers
Other current liabilities(Millions of yen)
As ofJune 30, 2024

1,174
125,062
9,477
6,972
5,490
11,716
12,967

3,012
101,888
9,435
4,946
1,055
11,31012,131

172,858

143,777

1,000
47,292
15,564
9,479
878
4,864
160

1,000
46,35815,330
9,510
991
4,951
175

Total non-current liabilities

79,23778,315

Total liabilities

Total current liabilities
Non-current liabilities
Non-current bonds and borrowings
Lease liabilities
Other non-current financial liabilities
Non-current liabilities for employee benefits
Deferred tax liabilities
Provisions
Other non-current liabilities

252,095

222,092

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

19,87819,051
123,945
1,534(1,865)19,87819,051
124,475
1,740(2,075)

Total shareholders’ equity

162,543

163,069

29,66628,421

192,209

191,490444,304

413,582

Non-controlling interests
Total equity
Total liabilities and equity- 8 -(2) Condensed Quarterly Consolidated Statement of Comprehensive Income
Three months ended
June 30, 2023

(Millions of yen)Three months ended
June 30, 2024

Revenue
Cost of sales

214,743(193,611)

211,030(188,690)

Gross profit

21,132

22,340

Other income and expense
Selling, general and administrative expenses
Gain (loss) from tangible assets, intangible assets and goodwill
Other – net(17,146)
5,106
154(17,120)(61)
256

Total other income and expense(11,886)(16,925)

Profit from operating activities

9,246

5,415

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

18
75
(194)
(361)

28
54
(191)
3

Total financial income and costs

(462)

(106)

Share of profit of investments accounted for by the equity method
Profit before tax
Income tax expense
Net profit
Net profit attributable to:
Net profit attributable to Itochu Enex’s shareholders
Net profit attributable to non-controlling interests
Total

- 9 -

(265)

722

8,519

6,031

(2,789)(1,755)

5,730

4,276

5,139
591

3,686
590

5,730

4,276

Three months ended
June 30, 2023

(Millions of yen)Three months ended
June 30, 2024

198

(111)

90

37

20
201

7
–

(15)

281

494

214

Comprehensive income

6,224

4,490

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

5,633
591

3,900
590

6,224

4,490

Other comprehensive income, net of tax effectItems that will not be reclassified to profit or loss
FVTOCI financial assets
Other comprehensive income of investments accounted for by theequity method
Items that may be reclassified to profit or loss
Exchange differences on translating foreign operations
Cash flow hedges
Other comprehensive income of investments accounted for by theequity method
Total other comprehensive income, net of tax effect

Total

(Yen)
Earnings per share attributable to Itochu Enex’s shareholders
Basic
Diluted- 10 -

45.54
–

32.67
–

(3) Condensed Quarterly Consolidated Statement of Changes in Equity
Three months ended June 30, 2023
(Millions of yen)
Shareholders’ equity

Balance at April 1, 2023

Noncontrollinginterests

Total equity

152,961

27,367

180,328

5,139

591

5,730

494

494

0

494

494

5,633

591

6,224

(2,938)(452)(3,390)Commonstock

CapitalsurplusRetainedearnings

Other
componentsof equity

Treasury
stock

Total
shareholders’equity19,87819,014

115,899

66(1,896)

Net profit

5,139

Other comprehensive
incomeComprehensive income

5,139Transactions with owners
Cash dividends(2,938)Transfer from othercomponents of equity toretained earnings(76)

Purchase and disposal oftreasury stock
Balance at June 30, 2023

19,87819,014

–

–

(0)

(0)

(0)

(1,896)

155,65676

118,024636

27,506

183,162

Three months ended June 30, 2024
(Millions of yen)
Shareholders’ equity

Balance at April 1, 2024

Noncontrollinginterests

Total equity

162,543

29,666

192,209

3,686

590

4,276

Commonstock

CapitalsurplusRetainedearnings

Other
componentsof equity

Treasury
stock

Total
shareholders’equity19,87819,051

123,945

1,534(1,865)

Net profit

3,686

Other comprehensive
incomeComprehensive income

3,686

214

214

214

214

3,900

590

4,490

(3,164)(1,835)(4,999)Transactions with owners
Cash dividends(3,164)

Transfer from othercomponents of equity toretained earnings

8

Purchase and disposal oftreasury stock
Balance at June 30, 2024

19,87819,051

124,475- 11 -

–

–

(210)

(210)

(210)

(2,075)

163,069

(8)

1,740

28,421

191,490

(4) Condensed Quarterly Consolidated Statement of Cash Flows(Millions of yen)Three months ended
June 30, 2023
Cash flows from operating activities
Profit before tax
Depreciation and amortization
Loss (gain) from tangible assets, intangible assets and goodwill
Financial income and costs
Share of profit of investments accounted for by the equity method
Decrease in trade receivables
Increase (decrease) in inventories
Decrease in trade payables
Other – net
Dividends received
Interest received
Interest expense
Income taxes paid
Net cash provided by operating activities

Three months ended
June 30, 2024

8,519
5,233
(5,106)462
265
23,417(4,202)(17,781)
1,941
984
17
(153)
(4,863)

6,031
5,302
61
106
(722)
16,472
528(23,174)
(956)
1,040
28
(132)
(5,236)

8,733

(652)

(400)

(9,275)

25

17

(124)
49

(4)
90

(2,350)(4,242)

Cash flows from investing activities
Purchase of investments (including investments accounted for by
the equity method)
Proceeds from sales and redemption of investments (including
investments accounted for by the equity method)
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

25,271149(1,788)250(10,000)
2,390(1,363)–
10,000(209)

Net cash used in investing activities

13,323(4,837)- 12 -

(Millions of yen)Three months ended
June 30, 2023
Cash flows from financing activities
Repayments of bonds and borrowings
Repayments of lease liabilities
Net increase (decrease) in short-term borrowings
Cash dividends paid to Itochu Enex’s shareholders
Cash dividends paid to non-controlling interests
Purchase of treasury stock
Other – net(10,671)(2,799)(444)(2,938)
(452)
(0)
(384)

Net cash used in financing activities

Three months ended
June 30, 2024–
(2,744)
1,823(3,164)(1,835)(210)–(17,688)(6,130)Net increase (decrease) in cash and cash equivalents

4,368(11,619)

Cash and cash equivalents at the beginning of the period

32,01330,103

Effect of exchange rate changes on cash and cash equivalents
Cash and cash equivalents at the end of the period- 13 -

56

42

36,437

18,526

(5) Framework of Financial Reporting
The condensed quarterly consolidated financial statements are prepared in accordance with Article 5,paragraph 2 of the standard for preparation of the quarterly financial statements established by Tokyo
Stock Exchange Inc. (provided, however, the Company applies the practice of omitting the descriptions
provided for in Article 5, paragraph 5 of the standard for preparation of the quarterly financial statements).
(6) Notes on Uncertainties of Entity’s Ability to Continue as Going Concern
No items to report.
(7) Segment Information
Three months ended June 30, 2023
(Millions of yen)
Reportable segment
Home-Life
Division

Car-Life
Division

Industrial
Business
Division

Power &
Utility
Division

Total

Revenue from externalcustomers

15,703

139,218

32,111

27,711

Intersegment revenue

167

2,106

1,126

Total revenue

15,870141,324

3,820

Profit (loss) from operating
activities

Adjustment

Consolidated

214,743–

214,743

151

3,550

(3,550)–33,237

27,862

218,293(3,550)214,743

12,021

2,530

2,761

21,132–

21,132

(35)

2,056

965

6,135

9,121

125

9,246

Profit (loss) before tax

(551)

1,983

1,107

5,866

8,405

114

8,519

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

(551)

1,017

789

3,853

5,108

31

5,139

60,137

164,344

58,414

90,348373,243

33,069406,312

Revenue

Gross profit

Other items
Total assets(Note)

Revenue from external customers includes subsidies received from the Japanese government.
Intersegment transactions have been decided by reference to the market price.
The adjustment of ¥31 million to net profit attributable to Itochu Enex’s shareholders represents corporate profit(loss) not allocated to reportable segments.
The adjustment of ¥33,069 million to total assets represents corporate assets not allocated to reportable segments.

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Three months ended June 30, 2024
(Millions of yen)
Reportable segment
Home-Life
Division

Car-Life
Division

Industrial
Business
Division

Power &
Utility
Division

Total

Revenue from externalcustomers

16,871

144,164

33,261

16,734

Intersegment revenue

161

1,680

1,630

Total revenue

17,031

145,845

4,124

Profit (loss) from operating
activities

Adjustment

Consolidated

211,030–

211,030

33

3,504(3,504)–34,891

16,767

214,534(3,504)211,030

11,816

2,908

3,492

22,340–22,340

110

1,776

1,382

2,005

5,273

142

5,415

Profit before tax

800

1,730

1,532

1,930

5,992

39

6,031

Net profit attributable to
Itochu Enex’s shareholders

616

873

1,086

1,135

3,710

(24)

3,686

63,461

166,649

63,942

81,629375,681

37,901

413,582

Revenue

Gross profit

Other items
Total assets(Note)

Revenue from external customers includes subsidies received from the Japanese government.
Intersegment transactions have been decided by reference to the market price.
The adjustment of ¥(24) million to net profit attributable to Itochu Enex’s shareholders represents corporate profit(loss) not allocated to reportable segments.
The adjustment of ¥37,901 million to total assets represents corporate assets not allocated to reportable segments.

As of March 31, 2024
(Millions of yen)
Reportable segment

Total assets(Note)

Home-Life
Division

Car-Life
Division

Industrial
Business
Division

Power &
Utility
Division

Total

69,262

174,40262,65584,284

390,603

Adjustment

Consolidated

53,701

444,304

The adjustment of ¥53,701 million to total assets represents corporate assets not allocated to reportable segments.

Change in reportable segments
In the first quarter of the current fiscal year, the Company reviewed the method of classifying its reportablesegments for the purpose of establishing an efficient management structure, and changed the classificationof certain investments accounted for by the equity method that were previously included in the Home-Life
Division and the Car-Life Division to the Industrial Business Division.
Due to the change in segments, segment information for the three months ended June 30, 2023 and as ofMarch 31, 2024 has been adjusted based on the classification of reportable segments after the change.

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