Itochu Enex Co. posts lower FY2026 net profit of Y16.06 billion
Updated
Updated · MarketWatch · Apr 30
Itochu Enex Co. posts lower FY2026 net profit of Y16.06 billion
5 articles · Updated · MarketWatch · Apr 30
The company reported revenue of Y851.24 billion and operating profit of Y24.15 billion for the year ended March 31, 2026.
Both revenue and operating profit declined compared to the previous fiscal year, when revenue was Y924.48 billion and operating profit was Y26.90 billion.
Earnings per share also fell to Y142.28 from Y151.63, with all results based on IFRS accounting standards.
Why is Itochu Enex's profit falling while its parent company and the Nikkei soar?
Is the Middle East conflict the true cause of the company's financial slump?
Can solar power investments save the company from its declining car business?
Did the company's leadership changes come too late to prevent this downturn?
How does a weak yen become a 'double-edged sword' for Japan's energy giants?