Itochu Enex Co. Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2013; Provides Earnings Guidance the Fiscal Year Ending March 31, 2014; Plans to Pay Year-End Dividend for the Fiscal Year Ended March 31, 2013; Plans to Pay Annual Dividends for the Fiscal Year Ending March 31, 2014
May 01, 2013
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Itochu Enex Co. Ltd. reported consolidated earnings results for the year ended March 31, 2013. For the year, the company reported net sales of ¥1,430,745 million and net income of ¥5,576 million or ¥49.36 per share compared to net sales of ¥1,414,161 million and net income of ¥3,893 million reported a year ago. Ordinary income was ¥12,963 million compared to ¥9,470 million reported a year ago. Operating income was ¥13,726 million compared to ¥8,973 million reported a year ago. Income before income taxes and minority interests was ¥11,497 million compared to ¥8,951 million reported a year ago. Net cash used in operating activities was ¥21,606 million compared to ¥271 million reported a year ago. This was deprived mainly from income before income taxes and minority interests of ¥11,497 million and depreciation and amortization of ¥6,773 million. Purchases of property, plant and equipment was ¥9,183 million compared to ¥5,938 million reported a year ago.
In the fiscal year ending March 31, 2014, the last year of Core & Synergy 2013 medium-term business plan, the company will aim to achieve expected numerical values of consolidated earnings. To this end, it will strengthen and improve the petroleum and gas related business, core business, and implement a large organizational reform with an eye to expanding the electricity and steam supply business, as well as promoting overseas businesses, and realize sustainable growth with local communities as a company which proposes an optimal mix of energy.
For the fiscal year ended March 31, 2013, the company plans to pay a year-end dividend of ¥8 per share.
For the fiscal year ending March 31, 2014, the company plans to pay annual dividends of ¥16 per share (including an interim dividend of ¥8 per share).
Itochu Enex Co Ltd is a Japan-based company mainly engaged in home-life business, car-life business, industrial business, and power and utility business. The Company operates through four segments. The Home Life Business segment is engaged in the sale and provision of services of liquefied petroleum (LP) gas, kerosene, electric power, life-related equipment and smart energy equipment. The Car Life Business segment is engaged in the sale and provision of services of gasoline, kerosene, light oil, electric power, and automobiles. The Industrial Business segment is engaged in the sale and provision of services of gasoline, kerosene, light oil, heavy oil, LP gas, and gas-to-liquid (GTL) fuel, the import and export of petroleum products, and the lease of terminal tanks. The Power & Utility Business segment is engaged in electric power generation, steam, district heating service, comprehensive energy service, electric heat supply service, asset management, and rental car business.
Itochu Enex Co. Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2013; Provides Earnings Guidance the Fiscal Year Ending March 31, 2014; Plans to Pay Year-End Dividend for the Fiscal Year Ended March 31, 2013; Plans to Pay Annual Dividends for the Fiscal Year Ending March 31, 2014