Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Idemitsu Kosan Co.,Ltd.    5019   JP3142500002

IDEMITSU KOSAN CO.,LTD.

(5019)
  Report
End-of-day quote. End-of-day quote Tokyo Stock Exchange - 05/28
2381 JPY   -2.26%
05/26Japan's refiners facing stagnant market may cut capacity
RE
05/26IDEMITSU KOSAN CO.,LTD. : Slide show results
CO
05/26IDEMITSU KOSAN CO.,LTD. : Annual results
CO
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Idemitsu Kosan : Announcement Regarding the Commencement of Discussions on the Transfer of the Shell-Branded Lubricants Business(117KB)

share with twitter share with LinkedIn share with facebook
share via e-mail
03/09/2020 | 06:08am EDT

March 09, 2020

Press Release

Idemitsu Kosan Co.,Ltd.

Announcement Regarding the Commencement of Discussions on the Transfer of the Shell-

Branded Lubricants Business

Idemitsu Kosan Co.,Ltd. (the "Company") hereby announces that the Company has determined to commence concrete discussions (the "Discussions") with Shell International Petroleum Company Limited ("Shell International") on the transfer of all of the shares of Shell Lubricants Japan

  1. ("SLJ"), a wholly-owned subsidiary of the Company, and certain assets and rights currently held by the Company for the use of SLJ's Shell-branded lubricants business (the "Transfer") to Shell International's affiliate ("Shell") and that the Company and Shell International have signed a Memorandum of Understanding for the Discussions.
  1. Purpose for the Discussions
    The Company has been operating the Idemitsu-branded lubricants business through the Company, and the Shell-branded lubricants business through SLJ, a wholly-owned subsidiary of the Company, with the goal of sustaining and expanding the lubricants business.
    With consideration for a proposal from Shell International, the Company has determined at this time to commence the Discussions in order to establish an independent operating structure for the mutually competitive business of each brand and achieve the further development and expansion thereof, through the transfer to Shell of all of the shares of SLJ and certain assets and rights in the Shell-branded lubricants business currently held by the Company.
  2. Overview of the Discussions
    The Company and Shell International plan to implement the Transfer through the acquisition by Shell from the Company of all of the shares of SLJ upon the assignment by the Company to SLJ of the assets and rights in SLJ's Shell-branded lubricants business currently held by the Company.
    The details of the Transfer will be determined hereafter through discussions between the Company and Shell International.
  3. Future Outlook
    The effect on the financial performance for the current term of the Company is insignificant. The effect on the financial performance for subsequent terms of the Company has not been determined to date. We will promptly inform you of any matters requiring disclosure that arise hereafter.

End

Disclaimer

Idemitsu Kosan Co. Ltd. published this content on 09 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2020 11:07:01 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on IDEMITSU KOSAN CO.,LTD.
05/26Japan's refiners facing stagnant market may cut capacity
RE
05/26IDEMITSU KOSAN CO.,LTD. : Slide show results
CO
05/26IDEMITSU KOSAN CO.,LTD. : Annual results
CO
05/22MITSUBISHI CORPORATION : 'e5 Consortium' Established to Promote Zero-Emission El..
AQ
05/21IDEMITSU KOSAN CO.,LTD. : annual earnings release
04/21IDEMITSU KOSAN : Announcement on Revisions to Consolidated Earnings Forecasts fo..
PU
04/21IDEMITSU KOSAN : Announcement on Revisions to Consolidated Earnings Forecasts fo..
PU
04/08Equinor powers ahead with floating wind turbines despite oil crash
RE
03/30IDEMITSU KOSAN CO.,LTD. : Ex-dividend day for final dividend
FA
03/19Japanese refiners may need to cut run rates amid falling fuel demand
RE
More news
Financials (JPY)
Sales 2020 6 024 B
EBIT 2020 -7 383 M
Net income 2020 -24 930 M
Debt 2020 1 068 B
Yield 2020 6,72%
P/E ratio 2020 -28,8x
P/E ratio 2021 13,3x
EV / Sales2020 0,29x
EV / Sales2021 0,43x
Capitalization 708 B
Chart IDEMITSU KOSAN CO.,LTD.
Duration : Period :
Idemitsu Kosan Co.,Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends IDEMITSU KOSAN CO.,LTD.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 3 178,89 JPY
Last Close Price 2 381,00 JPY
Spread / Highest target 76,8%
Spread / Average Target 33,5%
Spread / Lowest Target 0,80%
EPS Revisions
Managers
NameTitle
Shunichi Kito President & Representative Director
Takashi Tsukioka Chairman
Toshiaki Sagishima Managing Executive Officer-Accounting & Finance
Takashi Matsushita Director & Executive Vice President
Ryosuke Ito Independent Outside Director
Sector and Competitors