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Itochu Enex Co Ltd (8133.T)

8133.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Itochu Enex jointly with Itochu Corp to develop LP gas selling business in Philippine
Thursday, 12 May 2016 10:37pm EDT 

Itochu Enex Co Ltd <8133.T>: Says the co jointly with Itochu Corp <8001.T> to develop LP gas selling business in Philippine, through a newly established holding company . Says the co and Itochu Corp to hold 40 percent and 60 percent stake in the holding company . Says the holding company to acquire 40 percent stake in Isla Petroleum & Gas Corporation which is held by Itochu Corp .Says the other 60 percent stake in Isla Petroleum & Gas Corporation is held by the local partner company Isla Petroleum & Energy.  Full Article

Itochu Enex lowers consolidated full-year outlook for FY 2016
Tuesday, 19 Apr 2016 02:00am EDT 

Itochu Enex Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 1,070,000 mln yen from 1,350,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 16,400 mln yen from 16,800 mln yen.Sees a decrease of ordinary profit forecast to 15,000 mln yen from 15,200 mln yen.Sees a decrease of net profit forecast to 7,500 mln yen from 8,200 mln yen.Sees a decrease of earnings per share to 66.38 yen from 72.57 yen.Comments the influence of low oil price as the main reason for the forecast.  Full Article

Itochu Enex lowers consolidated full-year outlook for FY 2015 and announces year-end dividend forecast not changed for FY 2015
Tuesday, 21 Apr 2015 04:30am EDT 

Itochu Enex Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 1,373,000 million yen from 1,600,000 million yen for FY ended March 2015.Sees a decrease of operating profit forecast to 13,000 million yen from 13,800 million yen.Sees a decrease of ordinary profit forecast to 12,000 million yen from 13,800 million yen.Sees a decrease of net profit forecast to 5,500 million yen from 7,600 million yen.Sees a decrease of earnings per share to 48.68 yen from 67.26 yen.Comments the lowered price of petroleum product and reversal of deferred tax assets are the main reasons for the forecast.Says year-end dividend forecast remained at 11 yen per share for FY ended March 2015.  Full Article