Idemitsu Kosan : Presentation on Results for the 1st Quarter FY2023
August 08, 2023 at 02:13 am EDT
Share
Presentation on Results for the 1st Quarter FY2023
August 8, 2023
Idemitsu Kosan Co.,Ltd.
Table of Contents
Highlights
Results for the 1Q FY2023
Reference
Progress in the mid-term management plan
Financial results
Volume
Crude/product price and operation
Business overview
2
Highlights
3
Results for the 1Q FY2023
◼ Summary
✓ Operating + equity income (segment income) decreased by ¥191.4 billion y-o-y, due to reversal of inventory impact resulting from increased crude oil prices in the previous fiscal year, etc.
✓ Segment income excluding inventory impact decreased by ¥27.5 billion due to
decreased exports in the petroleum business, etc.
[¥ billions]
1Q FY2022
1Q FY2023
Change
Operating Income
244.1
52.7
(191.4)
+ Equity Income
Inventory impact
159.2
(4.7)
(163.9)
Exc. inventory impact
84.9
57.4
(27.5)
Net Income Attributable to
179.3
45.4
(133.9)
Owners of the Parent
Exc. inventory impact
68.9
48.7
(20.2)
Forecasts for FY2023
1Q performance was basically in line with plan
Despite fluctuations seen in coal prices and foreign exchange rates from the assumptions announced in May, forecasts are left unchanged as their impact on full-year performance is expected to be limited
4
Results for the 1Q FY2023
5
Attachments
Original Link
Original Document
Permalink
Disclaimer
Idemitsu Kosan Co. Ltd. published this content on 08 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2023 06:12:08 UTC.
Idemitsu Kosan Co., Ltd. is specialized in the production and refining of petroleum products. Net sales break down by category as follows:
- refining of petroleum products (78.8%): fuels, lubricants, kerosene, etc. At the end of March 2019, the group operated 6 refineries in Japan;
- manufacturing of petrochemical products (12.5%): activity carried out in 2 production sites located in Japan;
- exploration and production of oil, coal, uranium and geothermal resources (7%);
- other (1.7%).
Net sales are distributed geographically as follows: Japan (69.8%), Asia-Pacific (19.2%), North America (7.2%), Europe (2.4%) and others (1.4%).