Idemitsu Kosan : Announcement on Dividend Forecast for the Fiscal Year Ending March 2021

August 6, 2020

Press Release

Company Name: Idemitsu Kosan Co., Ltd.

Representative Director & Chief Executive Officer: Shunichi Kito

(Company Code: 5019, TSE, First Sect.) Contact person:

Munehiro Sekine, General Manager, Investor Relations Office, Finance Department

(TEL: [phone])

Announcement on Dividend Forecast for the Fiscal Year Ending March 2021

Idemitsu Kosan Co., Ltd. (hereinafter, "Idemitsu" or the "Company") hereby announces its dividend forecasts for the fiscal year ending March 2021 (April 1, 2020-March 31, 2021), which

had been undetermined in "Consolidated Financial Results for the Fiscal Year 2019 ［Japan GAAP］" announced by the Company on May 26, 2020.

1. Dividend Forecast for the Fiscal Year Ending March 2021 (April 1, 2020-March 31, 2021)

		Annual Dividends
	As of Jun.30	As of Sep.30		As of Dec.31		As of Mar.31		Total
	yen	yen		yen		yen		yen
Previous Forecast	－	－		－		－		－
(Announced 5/26/2020)
Revised Forecast		60.00		－		60.00	120.00
FY 3/2021 Dividends	－
Paid to Date
Previous FY Dividends	－	80.00		－		80.00	160.00
(FY 3/2020)

2. Background for the Dividend Forecast

Dividend forecasts for the fiscal year ending March 2021 had been left undetermined in Idemitsu's "Consolidated Financial Results for the Fiscal Year 2019 ［Japan GAAP］" announced on May 26, 2020, due to the impact of the COVID-19 pandemic. Considering various factors including its performance trends and financial status, the Company plans to pay interim dividends of 60 yen and fiscal year end dividends of 60 yen.

Note that no revision has been made to full-year consolidated forecasts for the fiscal year ending March 2021 which were announced on the same date.