ITOCHU ENEX CO.,LTD.

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Message from the President

Becoming an essential presence for our stakeholders

Kenji Okada, Representative Director, President and CEO

Today, in various fields, a new era is emerging amid rapid changes in society and ways of life. Through reorganization among major oil companies and other developments, waves of change are also affecting the energy industry. Various players are currently locked in intense competition to seek out advantageous positions, utilizing new technologies.

Against this backdrop, the Itochu Enex Group, which has operated as an energy trading companies for more than half a century, has formulated its “Moving!” growth strategy based on our desire to pioneer a new future that does more than merely rely on past performance or successes. Accordingly, we’ve implemented various initiatives to realize our objectives. While we recognize that the results of these efforts have begun to appear a little at a time, we still face a number of challenges, and we remain steadfast in pursuing our “Moving!” initiatives.

Our aim is to be a company that lives in the same community as our customers and contributes to society by linking our efforts in all areas of management, our businesses, our organization, and human resources to the creation of the new value needed by society and for how we live. For many years, the Itochu Enex Group based its activities on wholesale functions; henceforth, we plan to be a consumer-oriented energy group that meets customer needs alongside our distributors, suppliers, and others, as we shift our perspectives on which our various energy-related businesses are based toward end users, the people living in our communities.

For shareholders and investors, we will realize increased corporate value by continually strengthening our corporate governance, thereby increasing management soundness and management transparency, based on sustained growth. We will also contribute to a sustainable society through efforts in various areas: nurturing the next generation and giving back to our local communities; fulfilling our corporate social responsibilities while stressing the environment; and targeting an optimal balance between economic performance and social and environmental performance.

Our new profile is beginning to emerge, as we seek to become an essential presence as “the best partner for life and society”in which we can all take pride, one in which every employee can do his or her work with vitality. I ask for your continuing guidance and support and welcome high expectations on the part of all our stakeholders as the Group strives to achieve further growth and advancement.

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