Aankondiging • May 30
Itochu Enex Co.,Ltd. to Report Q1, 2027 Results on Jul 31, 2026 Itochu Enex Co.,Ltd. announced that they will report Q1, 2027 results on Jul 31, 2026 Board Change • May 21
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. Outside Independent Director Ichiro Saeki is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Apr 30
Itochu Enex Co.,Ltd., Annual General Meeting, Jun 17, 2026 Itochu Enex Co.,Ltd., Annual General Meeting, Jun 17, 2026. Aankondiging • Mar 10
Itochu Enex Co.,Ltd. to Report Fiscal Year 2026 Results on Apr 30, 2026 Itochu Enex Co.,Ltd. announced that they will report fiscal year 2026 results at 1:00 PM, Tokyo Standard Time on Apr 30, 2026 Board Change • Dec 30
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. Outside Independent Director Ichiro Saeki is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Nov 28
Itochu Enex Co.,Ltd. to Report Q3, 2026 Results on Jan 30, 2026 Itochu Enex Co.,Ltd. announced that they will report Q3, 2026 results at 1:00 PM, Tokyo Standard Time on Jan 30, 2026 Aankondiging • Aug 30
Itochu Enex Co.,Ltd. to Report Q2, 2026 Results on Oct 31, 2025 Itochu Enex Co.,Ltd. announced that they will report Q2, 2026 results at 1:00 PM, Tokyo Standard Time on Oct 31, 2025 Aankondiging • May 31
Itochu Enex Co.,Ltd. to Report Q1, 2026 Results on Jul 30, 2025 Itochu Enex Co.,Ltd. announced that they will report Q1, 2026 results on Jul 30, 2025 Aankondiging • Apr 30
Itochu Enex Co.,Ltd., Annual General Meeting, Jun 18, 2025 Itochu Enex Co.,Ltd., Annual General Meeting, Jun 18, 2025. Aankondiging • Mar 01
Itochu Enex Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2025 Itochu Enex Co.,Ltd. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on Apr 30, 2025 Aankondiging • Feb 23
Itochu Enex Co.,Ltd. Announces Chief Financial Officer Changes Itochu Enex Co.,Ltd. announced that at the board meeting held on February 20, 2025, Yasuhiro Imazawa will transition from his role as Chief Financial Officer to Executive Advisory Officer for Audit, effective as of May 1, 2025. Satoshi Watanabe appointed as Chief Financial Officer, As of May 1, 2025. Aankondiging • Feb 22
Itochu Enex Co.,Ltd. Announces Management Changes Itochu Enex Co.,Ltd. announced that at the board meeting held on February 20, 2025, Nobuyuki Tabata appointed as Representative Director; President. Tomofumi Yoshida retired as Representative Director. Nobuyuki Tabata's education is March 1990 Bachelor of Chemical Engineering, Tohoku University. April 1990 Joined ITOCHU Corporation, April 2018 General Manager, Plastics Department, ITOCHU Corporation, April 2021 Chief Operating Officer, Chemicals Division; General Manager, Plastics Department, ITOCHU Corporation, April 2022 Executive Officer; Chief Operating Officer, Chemicals Division, ITOCHU Corporation, April 2024 Senior Operating Officer; Chief Operating Officer, Chemicals Division, ITOCHU Corporation. Fumiya Tanaka retired as Chief Operating Officer, Power & Utility Division, As of March 31, 2025. Tsukasa Motegi promoted Senior Managing Officer to Assistant to Chief Executive Officer. Hirofumi Chimura promoted to Managing Officer Chief Operating Officer. Kunio Nishimura promoted to Managing Officer Chief Operating Officer, Car-Life Division. Jun Aoyagi appointed as Deputy Chief Operating Officer, Car-Life Division. Masahiro Umemoto appointed as Chief Operating Officer, Power & Utility Division. Keisuke Hioki appointed as Deputy Chief Financial Officer. Yasuhiro Imazawa appointed as Executive Advisory Officer for Audit, As of May 1, 2025. Kenji Okada retired as Director; Chairman, Tsukasa Motegi retired as Director, As of the date of the annual general meeting of shareholders scheduled for June 2025. Kunio Nishimura, Satoshi Watanabe and Tetsuya Yamada appointed as Director. Shozo Tokuda appointed as Director (outside), Current Position is Audit & Supervisory Board Member (outside). Aankondiging • Nov 30
Itochu Enex Co.,Ltd. to Report Q3, 2025 Results on Jan 31, 2025 Itochu Enex Co.,Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: JP¥36.81 (vs JP¥33.47 in 2Q 2024) Second quarter 2025 results: EPS: JP¥36.81 (up from JP¥33.47 in 2Q 2024). Revenue: JP¥226.2b (down 6.1% from 2Q 2024). Net income: JP¥4.15b (up 9.9% from 2Q 2024). Profit margin: 1.8% (up from 1.6% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 06 December 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.6%). Aankondiging • Aug 27
Itochu Enex Co.,Ltd. to Report Q2, 2025 Results on Oct 31, 2024 Itochu Enex Co.,Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥32.67 (vs JP¥45.54 in 1Q 2024) First quarter 2025 results: EPS: JP¥32.67 (down from JP¥45.54 in 1Q 2024). Revenue: JP¥211.0b (down 1.7% from 1Q 2024). Net income: JP¥3.69b (down 28% from 1Q 2024). Profit margin: 1.7% (down from 2.4% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €10.80, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 33x in the Oil and Gas industry in Germany. Total returns to shareholders of 61% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥28.00 announced Shareholders will receive a dividend of JP¥28.00. Ex-date: 27th September 2024 Payment date: 6th December 2024 Dividend yield will be 335%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 3.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 23
Full year 2024 earnings released: EPS: JP¥123 (vs JP¥123 in FY 2023) Full year 2024 results: EPS: JP¥123 (up from JP¥123 in FY 2023). Revenue: JP¥963.3b (down 4.8% from FY 2023). Net income: JP¥13.9b (flat on FY 2023). Profit margin: 1.4% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year. Aankondiging • Jun 06
Itochu Enex Co.,Ltd. to Report Q1, 2025 Results on Jul 31, 2024 Itochu Enex Co.,Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024 Buy Or Sell Opportunity • Jun 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.3% to €8.90. The fair value is estimated to be €11.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 8.5%. Buy Or Sell Opportunity • May 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.3% to €8.90. The fair value is estimated to be €11.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 8.5%. Aankondiging • May 02
Itochu Enex Co.,Ltd. Announces Changes in Executive Officers Itochu Enex Co. Ltd. resolved the following with respect to changes in Executive Officers, as of May 1, 2024. Kunio Nishimura: Current Position: Executive Officer. New Position: Executive Officer, WECARS Co. Ltd. Yasue Abe: Current Position: Executive Officer. New Position: Executive Officer, WECARS Co. Ltd. Reported Earnings • May 01
Full year 2024 earnings released: EPS: JP¥123 (vs JP¥123 in FY 2023) Full year 2024 results: EPS: JP¥123 (up from JP¥123 in FY 2023). Revenue: JP¥963.3b (down 4.8% from FY 2023). Net income: JP¥13.9b (flat on FY 2023). Profit margin: 1.4% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Aankondiging • Apr 30
Itochu Enex Co.,Ltd. Proposes Dividend for the Year 2024, Effective June 20, 2024 (Planned) Itochu Enex Co.,Ltd. hereby announced that at a meeting of its Board of Directors held on April 30, 2024, it has resolved to submit the dividend of surplus with March 31, 2024 as the record date to the 64th Ordinary General Meeting of Shareholders to be held on June 19, 2024. Dividend per share is JPY 28.00. Total dividends is JPY 3,164 million. Effective date is June 20, 2024 (planned). Upcoming Dividend • Mar 21
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 17 June 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (3.4%). Aankondiging • Mar 02
Itochu Enex Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2024 Itochu Enex Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥38.26 (vs JP¥34.20 in 3Q 2023) Third quarter 2024 results: EPS: JP¥38.26 (up from JP¥34.20 in 3Q 2023). Revenue: JP¥253.7b (down 3.7% from 3Q 2023). Net income: JP¥4.32b (up 12% from 3Q 2023). Profit margin: 1.7% (up from 1.5% in 3Q 2023). Buying Opportunity • Jan 17
Now 22% undervalued Over the last 90 days, the stock is up 7.0%. The fair value is estimated to be €12.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 7.5%. Aankondiging • Nov 29
Itochu Enex Co.,Ltd. to Report Q3, 2024 Results on Jan 31, 2024 Itochu Enex Co.,Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Buying Opportunity • Nov 28
Now 21% undervalued Over the last 90 days, the stock is up 5.6%. The fair value is estimated to be €11.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 7.5%. Buying Opportunity • Nov 11
Now 22% undervalued Over the last 90 days, the stock is up 5.0%. The fair value is estimated to be €12.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 7.5%. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 48% After last week's 48% share price gain to €13.80, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 9x in the Oil and Gas industry in Germany. Total returns to shareholders of 111% over the past year. Aankondiging • Nov 03
Itochu Enex Co.,Ltd. Announces Dividend for the Second Quarter Ended September 30, 2023, Payable on December 6, 2023 Itochu Enex Co.,Ltd. announced a dividend of ¥26.00 per share for the second quarter ended September 30, 2023, against ¥24.00 per share paid a year ago. The dividend is payable on December 6, 2023. Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥33.47 (vs JP¥22.12 in 2Q 2023) Second quarter 2024 results: EPS: JP¥33.47 (up from JP¥22.12 in 2Q 2023). Revenue: JP¥240.9b (down 5.2% from 2Q 2023). Net income: JP¥3.78b (up 51% from 2Q 2023). Profit margin: 1.6% (up from 1.0% in 2Q 2023). Upcoming Dividend • Sep 21
Upcoming dividend of JP¥26.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.4%). New Risk • Aug 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥45.54 (vs JP¥39.35 in 1Q 2023) First quarter 2024 results: EPS: JP¥45.54 (up from JP¥39.35 in 1Q 2023). Revenue: JP¥214.7b (down 13% from 1Q 2023). Net income: JP¥5.14b (up 16% from 1Q 2023). Profit margin: 2.4% (up from 1.8% in 1Q 2023). Board Change • Jul 26
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Takuya Morikawa was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. 
