Eneos Holdings

ENEOS Holdings, Inc.
	ENEOS Holdings headquarters in Tokyo, Japan
Native name	ENEOSホールディングス株式会社
Romanized name	ENEOSU Hōrudingusu kabushiki gaisha
Formerly	JX Holdings, Inc. (2010–2017); JXTG Holdings, Inc. (2017–2020);
Company type	Public (Kabushiki gaisha)
Traded as	TYO: 5020; NAG: 5020; Nikkei 225 component (TYO); TOPIX Large70 component (TYO)
Industry	Oil and gas; Mining and metals
Predecessors	List Nippon Oil Co., Ltd. (Nisseki, a Caltex affiliate until the 1990s); Mitsubishi Oil Co., Ltd.; Kyushu Oil Co., Ltd.; Nippon Mitsubishi Oil Corporation (Nisseki Mitsubishi), later Nippon Oil Corporation (Shin-Nisseki); Nippon Mining Co., Ltd.; Kyodo Oil Co., Ltd. (Kyoseki); Japan Energy Corporation; Nippon Mining Holdings, Inc.; Toa Nenryo Kogyo KK, later Tonen KK; Tonen Sekiyu Kagaku KK; General Bussan KK, later General Sekiyu KK (a Mitsui & Co. spinoff); Mitsui Oil Supply Co., Ltd., later Mitsui Oil Co., Ltd. (1961 Mitsui & Co. subsidiary); Esso Standard Sekiyu KK, later Esso Sekiyu KK; Mobil Sekiyu KK; EMG Marketing GK (ExxonMobil); TonenGeneral Sekiyu; ;
Founded	April 1, 2010; 14 years ago
Headquarters	Tokyo, Japan
Area served	Worldwide
Key people	Katsuyuki Ota; (Chairman); Tomohide Miyata; (CEO & Executive VP)
Products	Fuels; Lubricants; Petrochemicals; Metals;
Revenue	JPY 011 trillion (2013)
Operating income	JPY 0251 billion (2013)
Net income	JPY 0159 billion (2013)
Total assets	JPY 7.27 trillion (2013)
Total equity	JPY 2 trillion(2013)
Number of employees	24,691 (2012)
Subsidiaries	ENEOS Corporation; JX Nippon Mining & Metals; JX Nippon Oil & Gas Exploration;
Website	www.hd.eneos.co.jp

ENEOS Holdings, Inc. (ENEOSホールディングス株式会社) is a Japanese global petroleum and metals conglomerate headquartered in Tokyo, Japan. In 2012 the multinational corporation consisted of 24,691 employees worldwide and, as of March 2013, JX Holdings was the forty-third largest company in the world by revenue. It is one of the core companies of the Mitsubishi Group through its predecessor (the original Nippon Oil Company)'s merger with Mitsubishi Oil.

Establishment

ENEOS Holdings was established on April 1, 2010 as JXTG Holdings through the joint share transfer by Nippon Oil Corporation and Nippon Mining Holdings, Inc. On July 1, 2010, all the businesses of both Group Companies were integrated and reorganized under JX Holdings, resulting in the incorporation of three core business companies:^[4]

ENEOS Corporation – petroleum refining and marketing
JX Nippon Oil & Gas Exploration – oil and natural gas exploration and production
JX Nippon Mining & Metals – mining and metal

Final logo of TonenGeneral Sekiyu. Prior to its merger with JX, ExxonMobil had a 22% stake.^[5]^[6]

In April 2017, JX Holdings and TonenGeneral Sekiyu K.K. merged to form JXTG Holdings. JXTG Holdings was renamed in June 2020 to ENEOS Holdings.

Controversy

In August 2022, ENEOS CEO Tsutomu Sugimori resigned for what was described at the time as personal reasons. The following month, however, the company confirmed that the reason for Sugimori's departure was due to allegations that he sexually harassed and injured a woman working at a hostess bar in Okinawa, which were later substantiated. The company's statement followed a report about the incident in a weekly magazine.^[7]

In December 2023, Takeshi Saito was dismissed as the president of ENEOS after an independent investigation validated claims that he inappropriately hugged a woman at a social gathering while intoxicated.^[1]

References

^ ^a ^b "Japan oil firm ENEOS president dismissed after hugging woman while drunk". Kyodo News. 19 December 2023. Retrieved 19 December 2023.
^ ^a ^b ^c ^d ^e "2013 Annual Report" (PDF). JX Holdings. Archived from the original (PDF) on March 4, 2016. Retrieved May 16, 2014.
^ "Global 500, JX Holdings". CNN Money. October 9, 2013.
^ "Establishment of the JX Group". JX Holdings. Archived from the original on October 23, 2016. Retrieved October 10, 2013.
^ "Exxon in Talks to Restructure Stake in Japan Refining Unit". Bloomberg News. January 5, 2012. Archived from the original on January 24, 2016. Retrieved March 6, 2017.
^ Okada, Yuji; Adelman, Jacob (January 30, 2012). "TonenGeneral to Buy Exxon Japan Refining, Marketing Unit for $3.9 Billion". Bloomberg. Archived from the original on January 24, 2016. Retrieved January 30, 2012.
^ "Japan oil giant says misconduct against woman led to CEO resignation". Kyodo News. 21 September 2022. Retrieved 19 December 2023.

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[kyodo191213-1] "Japan oil firm ENEOS president dismissed after hugging woman while drunk". Kyodo News. 19 December 2023. Retrieved 19 December 2023.

[2013_Annual_Report-2] "2013 Annual Report" (PDF). JX Holdings. Archived from the original (PDF) on March 4, 2016. Retrieved May 16, 2014.

[10KA-3] "Global 500, JX Holdings". CNN Money. October 9, 2013.

[Establishment-4] "Establishment of the JX Group". JX Holdings. Archived from the original on October 23, 2016. Retrieved October 10, 2013.

[5] "Exxon in Talks to Restructure Stake in Japan Refining Unit". Bloomberg News. January 5, 2012. Archived from the original on January 24, 2016. Retrieved March 6, 2017.

[6] Okada, Yuji; Adelman, Jacob (January 30, 2012). "TonenGeneral to Buy Exxon Japan Refining, Marketing Unit for $3.9 Billion". Bloomberg. Archived from the original on January 24, 2016. Retrieved January 30, 2012.

[7] "Japan oil giant says misconduct against woman led to CEO resignation". Kyodo News. 21 September 2022. Retrieved 19 December 2023.

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