ITOCHU ENEX CO.,LTD.

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Company Timeline

Jan. 1961

The Company is founded with capital of ¥60 million when Itochu Sekiyu K.K., a subsidiary of Itochu Corporation, is split up (Itochu Sekiyu K.K. was originally founded in Jan. 1949 as Nishinihon Beiyu K.K., changing its name in Apr. 1951). Its purpose was to sell products produced at a new refinery built at Mizushima by Itochu Corporation in alliance with longstanding business partner Nippon Mining Co., Ltd. (This marks Itochu's entry into the petroleum sector.)

May 1965

The Company acquires stock in Oita Kyuseki Hanbai Co., Ltd. (today a consolidated subsidiary).

Mar. 1970

The Company acquires stock in Unoshima Sansuiso K.K. and advances into the high-pressure gas business.

Apr. 1971

Capital is increased from ¥600 million to ¥1 billion.

Apr. 1977

To change the par value of its stock, the Company merges with Itochu Fuel Corporation, headquartered at 2-36 Tsurigane-cho, Higashi-ku, Osaka.

Feb 1978

The Company is listed on the 2nd section of the Osaka Securities Exchange and the Tokyo Stock Exchange.

Sep. 1979

The Company is promoted to the 1st section of the Osaka Securities Exchange and the Tokyo Stock Exchange.

Jun. 1983

The Company moves its head office from Osaka to Tokyo.

Mar. 1995

The Company establishes Kyushu Chunen Co., Ltd. (current consolidated subsidiary Enex Petroleum Sales Nishi-Nihon Co., Ltd.).

Feb 1996

Head office moves to 24-12 Meguro 1-chome, Meguro-ku, Tokyo.

Oct 1997

The Company acquires stock in Tokai Corporation, which is in the process of being reorganized.

Dec. 1997

The Company acquires stock in Seibu Petroleum Corporation.

Apr. 1998

The Company's CicoMart arm is spun off to form CicoMart Co., Ltd.

Oct. 2000

Tokai Corporation's bankruptcy reorganization proceedings are declared complete by the overseeing court.

Mar. 2001

The Company takes over gas supply service in Nakatsu City, Oita Prefecture, with the goal of breaking into the city gas market.

Jul. 2001

The Company changes its name from Itochu Fuel Corporation to Itochu Enex Co., Ltd. Its 18 consolidated subsidiaries are renamed at the same time.

Nov. 2001

The Company sells off its stock in CicoMart Co., Ltd.

Feb. 2002

The Company acquires additional stock in Sinanen Co., Ltd. and becomes its largest shareholder.

Apr. 2004

The Company scraps its existing branch-office system in favor of a system of organization around business divisions.

May 2005

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.

Sep. 2005

The Company sells off its stock in Tokai Corporation.

Oct. 2005

Kokura Enterprise Energy Co., Ltd. takes over the business of Kokura Enterprise Co., Ltd. and commences operations.

Oct. 2005

The Itochu Enex Group adopts a single unified logo, the Enex Mark.

Apr. 2007

Ecore Co., Ltd., the largest LP gas sales company in the Kyushu area, is founded by the consolidation of Itochu Enex Home-Life Kyushu (the Company's wholly owned subsidiary) and Idex Gas K.K. (wholly owned subsidiary of Shin-Idemitsu Co., Ltd.), and commences operation (ownership stakes: the Company 51%, Shin-Idemitsu 49%)

Sep. 2008

Itochu Enex Co., Ltd. acquires Kohnan Corporation's oil sales business and stock in Kohnan Fleet Corporation, and begins operating the acquired business.

Sep. 2008

Head office is relocated to 4-1 Shibaura 3-chome, Minato-ku, Tokyo.

Oct. 2008

The petroleum product trading business run by Itochu Corporation and the petroleum product logistics business run by Itochu Petroleum Japan Ltd. are split off and acquired by Itochu Enex Co., Ltd., which puts the acquired businesses into operation as its Energy Trade Division.

Apr. 2009

The Company transfers the LPG lorry wholesales business to JAPAN GAS ENERGY CORPORATION.

The Company acquires the shares of JAPAN GAS ENERGY CORPORATION.

Jul.. 2010

The Company submitted a notice of commencement of a power producer and supplier (PPS) business

Oct. 2010

The Company launched an electric power retailing business.

Jan. 2011

The Company celebrates the 50th anniversary of its founding.

Mar. 2011

The Company acquires the shares of JEN Holdings Co., Ltd. to break into the electricity and steam supply business for factories.

Apr. 2011

Kohnan Fleet Co., Ltd. changes its name to Enex Fleet Co., Ltd.

Jan. 2012

The Company takes an equity stake in IP&E Palau Inc. and begins participation in the import and wholesale sale of petroleum products in the Republic of Palau.

May. 2012

The Company acquires the shares of Tokyo Toshi Service Company (currently consolidated subsidiary) to break into the heat supply business.

Oct. 2012

JEN Holdings, Co., Ltd (currently consolidated subsidiary) acquires all shares of CEF Konbumori Wind Farm Co., Ltd., thereby expanding its wind power generation business.

Apr. 2013

Power & Utility Division is set up

May. 2013

The Company and Itochu Corporation jointly invest in a next-generation biodiesel production business in the United States.

Jul. 2013

The Company transfers operation of its city gas and LP gas business in Nakatsu City, Oita Prefecture, to ECORE Co., Ltd.

Sep. 2013

The Company closes its central training facility (from January 2014, the training function is reestablished at the Company's new head office under the name “Enex Academy”).

Dec. 2013

JEN Holdings, Co., Ltd. (currently consolidated subsidiary) acquires all shares of Tainai Wind Farm Co., Ltd., and further expands its wind power generation business.

Jan. 2014

The head office is moved to 2-10-1 Toranomon, Minato-ku, Tokyo.

May. 2014

The Company acquires stock in Osaka Car Life Group Co., Ltd. (today a consolidated subsidiary).

Feb. 2015

The company and Oji Green Resources Co., Ltd., a subsidiary of Oji Holdings Corporation, formed a joint venture for power retailing, OJI-ITOCHU ENEX POWER RETAILING CO., LTD.(“OJEX”)

Mar. 2015

The Company acquires the shares of NISSHO PETROLEUM GAS CORPORATION.

Oct. 2015

The company and ITOCHU INDUSTRIAL GAS CO.,LTD. established PT.ITC ENEX INDONESIA to tackle the industrial gas business in INDONESIA.

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