ITOCHU ENEX CO.,LTD.
8133・Prime Market・Wholesale Trade
Home Life Business
Segment providing comprehensive household energy from LP gas to electricity and smart energy equipment
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue | ¥77,774 million | ¥82,336 million | ↓ |
| Profit from operating activities | ¥2,852 million | ¥2,528 million | ↑ |
| Net income attributable to owners of the Company | ¥2,903 million | ¥2,931 million | ↓ |
| Total segment assets | ¥69,218 million | ¥70,932 million | ↓ |
| Share of profit (loss) of investments accounted for using the equity method | ¥1,520 million | ¥1,802 million | ↓ |
| Number of LP gas direct-sales customer accounts | approx. 568 thousand accounts | approx. 575 thousand accounts | ↓ |
Business Details
Centered on Itochu Enex Home Life Co., Ltd., Ecoa Co., Ltd., Enex Ark Co., Ltd., Japan Gas Energy Co., Ltd. and others, this segment provides LP gas, kerosene, city gas, electricity, household equipment, smart energy equipment, and renovation services to households. With approximately 568 thousand direct-sales customer accounts (as of end of FY2025), the segment is advancing profitability improvement through maintaining its customer base while improving margins and reducing expenses. It also has a structure in which investment gains/losses from equity-method affiliates contribute to earnings.
Recent Overview
Revenue decreased due to falling LP gas import prices, but operating profit increased on margin improvement and cost reductions
In FY2025 (ending March 2026), the Home Life Business saw selling prices fall below the prior year due to declining LP gas import prices, resulting in revenue of ¥77,774 million (down 5.5% year on year). On the other hand, profit from operating activities increased to ¥2,852 million (up 12.8% year on year) due to margin improvement and cost reductions from more efficient operating activities. Net income attributable to owners of the Company declined slightly to ¥2,903 million (down 1.0% year on year). This was due to a decrease in share of profit of investments accounted for using the equity method to ¥1,520 million (¥1,802 million in the prior period), reflecting inventory effects at equity-method affiliates from the decline in LP gas import prices. The number of direct-sales customer accounts decreased by approximately 7 thousand from the end of the prior period to approximately 568 thousand.
Key Products
Growth Drivers
- Improvement in operating profit margin through margin improvement and more efficient operating activities/cost reductions (FY2025 operating profit margin of 3.7%, versus 3.1% in the prior period)
- Stabilization of earnings through appropriate pass-through management of LP gas selling prices
- Increased revenue per customer through cross-selling of electricity and city gas retail
- Expansion of added value through renovation services, including a housing equipment e-commerce business, and smart energy equipment sales
- Improvement in investment gains/losses through recovery in performance of equity-method affiliates (resolution of inventory effects as LP gas import prices stabilize)
Risks
- Direct impact of LP gas import price fluctuations on inventory and margins
- Declining trend in the number of direct-sales customer accounts (approximately 568 thousand at end of FY2025, a decrease of approximately 7 thousand from the prior year-end)
- Risk of customer attrition due to intensifying competition amid electricity and city gas market liberalization
- Long-term decline in household energy demand due to declining birthrate, aging population, and population decline
- Risk that performance fluctuations at equity-method affiliates (such as inventory effects from declining LP gas import prices) spill over into net income attributable to owners of the Company
Last updated: June 16, 2026