Itochu Enex : Notice of Revision of Financial Forecasts

Company:	Itochu Enex Co., Ltd.
Representative:	Kenji Okada, Representative Director, President and CEO
Stock code:	8133, Tokyo Stock Exchange, 1st Section
Contact:	Yukari Imaizumi
	Manager for Investor Relations Office
	Tel: [phone]

Notice of Revision of Financial Forecasts

Itochu Enex Co., Ltd. hereby revised the financial forecasts from the forecasts for FY2021 previously announced on April 30, 2021 at its Board of Directors' meeting held on January 31, 2022.

1. Revisions of financial forecasts for the current fiscal year (from April 1 2021 to March 31, 2022)

		Profit from		Net profit		Basic earnings per
		Profit before	attributable to		share attributable
	Revenue	operating
	tax	Itochu Enex's		to Itochu Enex's
		activities
			shareholders		shareholders
Previous forecast	Millions of yen	Millions of yen	Millions of yen	Millions of yen		Yen
(A)	800,000	20,500	21,200	12,500	110.74
Revised forecast	900,000	20,500	21,200	12,500	110.74
(B)
Difference (B-A)	100,000	0	0	0
Percentage of	12.5	0.0	0.0	0.0
change (%)
(Reference)	739,067	19,346	20,039	12,168	107.79
FY2020 Actual

*The above-mentioned forecasts are based on information available at this point of time.

Actual results may differ materially from those projected in the outlook.

2. Reason for revision

We have revised our forecast for revenue to 900,000 million yen, an increase of 100,000 million yen from the previous forecast of 800,000 million yen, mainly due to rises in the prices of sales which has occurred in conjunction with rising crude oil prices.

And due to the revision caused by the change in crude oil prices, other figures excluding revenue are unchanged from the previous forecast.