ENEOS : Supplementary Information（2,523KB）

Security Code Tokyo 5020

May 14, 2024

Supplementary Information

Contents

Please click the link below for our Long-Term Vision and Medium-Term Management Plan.

https://www.hd.eneos.co.jp/english/company/system/plan.html

ENEOS Group Business Overview by Segment	p. 2
Financial Results Data	p. 3
Petroleum Products	p. 9
High Performance Materials	p. 16
Electricity	p. 18
Renewable Energy	p. 20
Oil and Natural Gas E&P	p. 22
Metals	p. 34

Copyright © ENEOS Holdings, Inc. All Rights Reserved.

1

ENEOS Group Business Overview by Segment

Crude oil equivalent (FY2022 actual)

Petroleum Products

E l e ct r i ci t y

M e t a l s

Refinery Sales Refining and sales of

Generation and sale of

Semiconductor

Manufacture and sale of

petroleum products,

commercial and residential

Materials

products that can be

electricity / city gas (ENEOS

manufacturing and sales of

Denki / ENEOS City Gas) and

applied to various high-

basic chemicals, lubricants, etc.

Promotion of VPP business

performance devices such

Power generation

as leading-edge IT

Market share of domestic

equipment (semiconductors,

sales of petroleum products 1

capacity

etc.), medical devices, and

No.1 in Japan

▲Kawasaki Natural

2.63GW

electric vehicles

Gas Power Plant

approx.50％

▲ENEOS Service Station

▲Sputtering Targets for

Renewable

Incl. Renewable Energy

Semiconductor Materials/

▼Actively Promote Next-Generation Energy Projects

Semiconductors

Energy

1.13GW

ICT Materials

Hydrogen

Aim for earlier establishment of domestic

Products with world

and international hydrogen supply chain

(As of Mar.31, 2024)

ICT Materials

No.1 market shares

Construction of various facilities

will commence from 2025, and a

Development,

Manufacture and sale of

hydrogen supply chain will be

generation, and sales

rolled copper foils and

established by 2030

of renewable energy

copper alloy bars used in

▲Uruma Mega Solar

mobile devices and other

SAF

Aim to establish an in-house

applications

manufacturing system.

Oil and Natural Gas E&P

▲Treated Rolled Copper Foil

Unit 1: 400 thousand KL/year,

scheduled to start

Oil and Natural

Development, production,

Natural resources production

operation in 2026

and sale at copper mines,

Gas E&P

Metals & Recycling

Aim to establish the production of

and sale of petroleum and

copper smelting, recycling

natural gas

businesses, etc.

Synthetic Fuels synthetic fuels using in-house

Equity entitled

Refined copper

technology and other resources

Low-carbonhigh-octane

Oil and natural gas production

copper mine

production capacity

gasoline (blended with synthetic

(project company basis)

production

fuels) to be supplied from

88.4 barrels/daythousand

170 tons/yearthousand

450 tons/yearthousand

certain regions starting around

2027

(FY2023 actual)

▲Rang Dong oil field

Crude oil equivalent (FY2023 actual)

▲Copper smelting

High Performance Materials

CCS2/CCUS3

Promotion of CCS/CCUS

O t h e r

Manufacture and sale of high-

projects

performance materials such

Promoting initiatives for the

as elastomers.

Product lineups that contribute

early implementation of

CCS / CCUS both

to reducing environmental

domestically and

NIPPO (asphalt paving), etc.

impacts and hold world-class

internationally

▲Low fuel consumption

tire materials

market shares

▲Petra Nova CCUS project

1 Sum of gasoline, kerosene,

diesel fuel and fuel oil A sales volume

2 Carbon dioxide Capture and Storage

3 Carbon dioxide Capture, Utilization and Storage

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2

Financial Results Data

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3

【Reference】

Financial Results Data

Change in Segments Associated with Separation of Companies

• With the conversion of the High Performance Materials business, the Electricity business and the Renewable Energy business into separate companies, which was announced on Apr.1, 2024, subsegments of the Energy segment were converted into individual segments （also moving some of the businesses from Energy segment to other new segments）.

1	"Petroleum Products" as a new segment	2	"City Gas" and "Overseas Renewable Energy" integrated into
			"Electricity"
3	"High Performance Materials" as a new segment	4	"Industrial Cleaners" integrated into "Petroleum Products"
5	"Electricity" as a new segment	6	"Renewable Energy" as a new segment

• ¥ b n ）

Current Segmentation

Energy

Petroleum Products

Incl. City Gas & Overseas

Renewable Energy

FY2023

Actual

Operating Income

excl. inventory

valuation

181.3

188.9 1

2

New Segmentation

To t a l o f e a c h s e g m e n t

Petroleum Products

(ENEOS Corporation)

FY2023

Actual

Operating Income

excl. inventory

valuation

181.3

191.7

High Performance

Materials

Incl. Industrial Cleaners

7.3

3

4

High Performance Materials

(ENEOS Materials Corporation)

7.3

Electricity

-5.35

Electricity

(ENEOS Power Corporation)

-6.1

Renewable Energy

-9.66

Renewable Energy		-11.6

(ENEOS Renewable Energy Corporation)

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Financial Summary by Segment IFRS ➀

Financial Results Data

	FY2022		FY2023
	Full Year		Full Year
(¥bn)
Actual		Actual
Net Sales
15,016.6	13,856.7
Energy	12,711.0	11,687.1

Oil and Natural Gas E&P	201.0	204.9
Metals	1,637.8	1,513.1
Other	466.8	451.6

Operating Income	281.3	464.9
Energy	51.0	253.0

Oil and Natural Gas E&P	114.0	91.5
Metals	68.7	81.1
Other	47.6	39.3

With the conversion of the High Performance	FY2024
Materials business, the Electricity and City Gas
business and the Renewable Energy business
into separate companies, which was announced
in Apr.1, 2024, current subsegments of Energy	Full Year
segment became individual segments (please
refer to p.4 for details).
(¥bn)	Forecast

Net Sales	14,600.0
Petroleum Products	12,770.0
High Performance Materials	320.0
Electricity	240.0
Renewable Energy	60.0
Oil and Natural Gas E&P	220.0
Metals	710.0
Other	280.0

Operating Income	400.0
Petroleum Products	190.0
High Performance Materials	11.0
Electricity	6.0
Renewable Energy	-3.0
Oil and Natural Gas E&P	80.0
Metals	70.0
Other	46.0

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5

Financial Summary by Segment IFRS ➁

	FY2022		FY2023
	Full Year		Full Year
(¥bn)	Actual		Actual
Finance Income	-23.9	-16.8
Energy	-15.6	-12.4

Oil and Natural Gas E&P	-0.4	0.7
Metals	-5.2	-6.6
Other	-2.7	1.5

Profit attributable to owners of	143.8	288.1
the parent
Energy	45.1	146.3

Oil and Natural Gas E&P	51.9	43.9
Metals	36.5	99.5
Other	10.3	-1.6
Profit attributable to owners of
the parent	96.6	237.9
(Excl. inventory valuation effects)
Capex
490.9	399.7
Depreciation and Amortization1	269.7	255.9

Financial Results Data

	With the conversion of the High Performance	FY2024
	Materials business, the Electricity and City Gas
	business and the Renewable Energy business
	into separate companies, which was announced	Full Year
	in Apr.1, 2024, current subsegments of Energy
(¥bn)	segment became individual segments (please	Forecast
	refer to p.4 for details).

Finance Income	-20.0
Petroleum Products	-6.0
High Performance Materials	-3.0
Electricity	-1.0
Renewable Energy	-4.0
Oil and Natural Gas E&P	-7.0
Metals	-5.0
Other	6.0
Profit attributable to owners of	210.0
the parent
Petroleum Products	127.0
High Performance Materials	6.0
Electricity	3.0
Renewable Energy	-6.0
Oil and Natural Gas E&P	28.0
Metals	42.0
Other	10.0
Profit attributable to owners of
the parent	210.0
(Excl. inventory valuation effects)
Capex	493.0
Depreciation and Amortization1	301.0

1 Excl. IFRS 16 leases

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6

Operating Income by Segment IFRS

Financial Results Data

	FY2022				FY2023		With the conversion of the High Performance
					Materials business, the Electricity and City Gas	FY2024
							business and the Renewable Energy business into
							separate companies, which was announced in Apr.1,
	Full Year				Full Year		2024, current subsegments of Energy segment	Full Year
					became individual segments (please refer to p.4 for
(¥bn)	Actual				Actual		details).
				(¥bn)	Forecast
Operating Income	281.3				464.9		Operating Income	400.0
Energy Segment	51.0				253.0		Petroleum Products	190.0
Petroleum Products	21.5				188.9		Inventory Valuation	0.0
High Performance Materials	16.7				7.3		High Performance Materials
				11.0
Electricity	14.4				-5.3
Renewable Energy	-36.4				-9.6		Electricity	6.0
Inventory Valuation	34.8				71.7		Renewable Energy
				-3.0
Oil and Natural Gas E&P Segment	114.0				91.5		Oil and Natural Gas E&P Segment	80.0
Metals Segment	68.7				81.1		Metals Segment	70.0
Semiconductor Materials	33.3				26.7		Semiconductor Materials	34.0
ICT Materials	21.8		1		1.8		ICT Materials	12.0
Metals and Recycling	26.0			71.3		Metals and Recycling	34.0
Non-allocated corporate expenses and other	-12.4				-18.7
				Non-allocated corporate expenses and other	-10.0
Other	47.6				39.3		Other	46.0

1. In the May 2023 disclosure, the unrealized profit that was accounted for in the "General Corporate Expenses" amounting to a profit of +¥6.0bn has been reclassified. Specifically, - ¥1.3bn between "Thin Film Materials" and "Tantalum & Niobium," and +¥7.3bn between "Mineral Resources" and "Smelting & Recycling" have been reallocated to the "Semiconductor Materials" and "Metals & Recycling" business segments, respectively.

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7

Balance Sheets IFRS			Financial Results Data
	Mar. 31, 2023		Mar. 31, 2024
(¥bn)	Actual	Actual
Assets
9,954.5		10,136.5
Current assets	4,887.7		4,666.5
- Cash and deposits
349.3		820.0
Non-current assets	5,066.8		5,470.0
Property, plant and equipment	3,431.4		3,544.7
Goodwill	256.5		256.7
Intangible assets	516.9		491.3
Other	862.0		1,177.3
Liabilities	6,666.9		6,432.7
Interest-bearing debt	3,109.4	2,820.0
Other liabilities	3,557.5	3,612.7
Equity
3,287.6		3,703.8
Total equity attributable to owners of the parent	2,859.8		3,227.2
Non-controlling interests	427.8		476.6

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8

Petroleum Products

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9