Eneos Holdings

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:[3]

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.

  • 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

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.[6]

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.[7]

References

  1. 2013 Annual Report JX Holdings, retrieved May 16, 2014^
  2. Global 500, JX Holdings CNN Money, October 9, 2013^
  3. Establishment of the JX Group JX Holdings, retrieved October 10, 2013^
  4. Exxon in Talks to Restructure Stake in Japan Refining Unit Bloomberg News, January 5, 2012, retrieved March 6, 2017^
  5. Yuji Okada, Jacob Adelman. TonenGeneral to Buy Exxon Japan Refining, Marketing Unit for $3.9 Billion Bloomberg, January 30, 2012, retrieved January 30, 2012^
  6. Japan oil giant says misconduct against woman led to CEO resignation Kyodo News, 21 September 2022, retrieved 19 December 2023^
  7. Japan oil firm ENEOS president dismissed after hugging woman while drunk Kyodo News, 19 December 2023, retrieved 19 December 2023^