Idemitsu Kosan : Presentation on Results for the 3rd Quarter FY2019（3,047KB）

February 14, 2020 at 03:49 am EST

Presentation on Results for the 3rd Quarter FY2019

Idemitsu Kosan Co.,Ltd.

February 14, 2020

Table of Contents

FY 2019 3rd Quarter Topics
FY 2019 3rd Quarter Results

Overview
Segment Information

Shareholder Returns
Reference Materials

FY 2019 3rd Quarter Topics

１．Nghi Son Refinery in Vietnam

（1）Maintenance in December

① Overview: Inspection and maintenance aimed at correcting initial defects in refinery facilities.

Conducted upon the shut down of all equipment.

②Period: Commenced in late October and completed in mid- December as planned

（２）Current utilization

The refinery has maintained full utilization ever since

２．ESG efforts

（1）Announced the support for TCFD

（2）Issued an Integrated Report

FY 2019 3rd Quarter Results

・FY 2018(E): Estimate of the total of Idemitsu Kosan and Showa Shell Sekiyu on a 100% consolidated basis

・Segment information: Total of operating income and equity earnings of affiliates (Equity Income)

Crude Oil Price Trends

90 (USD/Bbl.)										FY 2018 Actual

										FY 2019 Actual
				FY 2018 3Q Average: US$71.3/Bbl.			11/14 Assumption

80
							FY 2019 3Q Average: US$63.5/Bbl.
70
60
			Assumption as of 11/14: US$63.1/Bbl.
50
Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar

JPY/USD Exchange Rate (TTM) Trends

(JPY/USD)

115

FY 2018 Actual

FY 2018 3Q Average: 111.1 JPY/USD

FY 2019 Actual

11/14 Assumption

110

105

FY 2019 3Q Average: 108.7 JPY/USD

Assumption as of 11/14: 107.5 JPY/USD

100

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Overview

Operating income excluding inventory impact + equity income decreased by ¥88.6 billion year-on-year, to ¥96.7 billion, mainly due to decreased equity income from the petroleum segment, reduced product margins in the basic chemicals segment, and decreasing operating income in the resources segment
Ordinary income decreased by ¥115.3 billion year-on-year, to ¥91.4 billion. Gains were recorded from step acquisition in the integration with Showa Shell Sekiyu, and as a result, net income attributable to owners of the parent decreased by ¥52.3 billion year-on-year, to ¥64.9 billion

■ Forecasts announced on November 14 remain unchanged

(1) Overview

1) Crude Oil / Exchange Rates		(Units: $/Bbl., $/Ton, ¥/$)
		FY 2018 3Q	FY 2019 3Q		Change
	Crude Oil (Dubai)	71.3	63.5	(7.7)		(10.8%)
	Crude Oil (Brent)	72.1	64.9	(7.2)		(10.0%)
	Naphtha Price (Customs)	652	534	(118)		(18.1%)
	Thermal Coal (NEWC)	108.0	81.3	(26.7)		(24.7%)
	Exchange Rate (TTM)	111.1	108.7	(2.5)		(2.2%)

* Brent prices and thermal coal prices are averages based on the calendar year (January-September).

2) Consolidated Income Statement (Summary)		(Units: ¥ billions)
		FY 2018 3Q (E)	FY 2019 3Q	Change
	Net Sales	5,193.7	4,560.7	(633.0)	(12.2%)
	Operating Income	205.1	87.5	(117.6)	(57.4%)
	+ Equity Income
	(Inventory impact)	19.8	(9.3)	(29.1)	－
	(Excluding inventory impact)	185.3	96.7	(88.6)	(47.8%)
	Ordinary Income	206.7	91.4	(115.3)	(55.8%)
	Extraordinary Gain/Loss	(10.2)	11.4	21.6	－
	Net Income Attributable to	117.2	64.9	(52.3)	(44.6%)
	Owners of the Parent
	(Excluding inventory impact)	103.5	71.3	(32.2)	(31.1%)

Gross average method of inventory valuation
"Inventory impact" represents the impact of inventory valuation and the reduction in book value of inventory assets

* Figures rounded to the nearest billion yen

(2) Segment Information

1) Operating Income + Equity Income

(Units: ¥ billions)

FY 2018 3Q(E)

FY 2019 3Q

Change

Petroleum	87.3	16.8	(70.5)	(80.8%)
(Excluding inventory impact)	67.5	26.1	(41.4)	(61.4%)
Basic Chemicals	39.4	18.0	(21.4)	(54.4%)
Functional Materials	25.2	20.2	(4.9)	(19.5%)

Power and	(8.5)	(0.5)	8.0	－
Renewable Energy
Resources	66.8	34.5	(32.4)	(48.4%)
(Oil Exploration and Production)	29.8	12.2	(17.7)	(59.2%)

(Coal)	37.0	22.3	(14.7)	(39.7%)
Others/Reconciliation	(5.1)	(1.5)	3.6	－

Total	205.1	87.5	(117.6)	(57.4%)
(Excluding inventory impact)	185.3	96.7	(88.6)	(47.8%)

* Fiscal years for Australian coal operations and Oil Exploration and Production included in the Resources Business end in December10

(2) Segment Information

2) Analysis of Factors Affecting Operating Income + Equity Income	(Units: ¥ billions)
(Excluding inventory impact, year-on-year)

185.3

FY2018

3Q(E)

(14.5)

Margins,

Volume, (26.9) Crude

premium

Synergies,

Equity

(21.4)

Exploration

Income, etc.

11.2

(3.3)

Product

(4.9)

Power

(18.4)

Costs, FX,

etc.

Margins

Performance,

0.7

etc.

Chemicals,

Price, Sales

(12.9)

etc.

Volume

(1.8)

3.6

Price

Volume,etc.

96.7

Petroleum

Basic

Functional

Power and

Oil Exploration

Coal

Other

Chemicals

Materials

Renewable Energy

and Production

FY2019

(41.4)

(21.4) (4.9)

8.0

(17.7)

(14.7)

3.6

Shareholder Returns

Shareholder Returns Policy FY2019-2021 Total payout ratio of 50% or higher

The minimum dividend is ¥160 per share and at least 10% of returns to shareholders will be allocated to share buyback
All repurchased shares will be canceled

Share buyback

Share buyback commenced on November 15, 2019, was completed on January 24, 2020
(disclosed on company website and the TSE on January 27)

Total shares acquired: 4,060,800 shares (all will be canceled)
- % of total shares outstanding excluding treasury shares: 1.34%
Aggregate value purchased: ¥11,999,847,800

Reference Materials

Table of Contents

１. Overview of the New	5.	Market Conditions
Integrated Company	6.	Refineries Utilization

2. Financial Reporting	7.	Number of Service
(1) Forecast for FY 2019
	Stations

1. FY 2019 3rd Quarter Results
Sensitivity
Sales and Production
1. Sales/Production Volume
2. Sales/Production Volume Forecast

１. Overview of the New Integrated Company

Petroleum Segment

Refining capacity: 945,000 BD *1

Domestic fuel oil sales volume:

43 million KL/year

Number of service stations: 6,500

Basic Chemicals Segment

Production Capacity

Ethylene: 1 mil tons/year

Paraxylene: 1.28 mil tons/year *2

Styrene monomers: 0.75 mil tons/year

Power and Renewable Energy Segment

Power generation capacity: 1GW

(Renewable energy: 0.2GW)

Solar panel production capacity: 1GW/year

Functional Materials Segment

(Lubricants, performance chemicals, electronic

materials, functional asphalt, agricultural-

biotechnology, solid electrolyte)

Lubricants sales volume: 1.3 mil KL/year *3

Performance chemicals production capacity

Engineering plastics: 150,000 tons/year

Adhesive materials: 76,000 tons/year

OLED materials production capacity:

10 tons/year

Resources Segment

Crude oil production: 27,000 BD

Thermal coal production:

12 mil tons/year

*1	1,090,000 barrels/day when adding the refining capacity of Fuji Oil, Co.,Ltd
	with which a petroleum products trade agreement has been signed
*2	Including mixed xylene production capacity
*3	Lubricants sales volume excludes sales by Shell Lubricants Japan K.K.	16

2. Financial Reporting

（１） Forecast for FY 2019

1) Crude Oil / Exchange Rates		(Units: $/Bbl., $/Ton, ¥/$)
		5/15 Forecast	11/14 Forecast	Difference		Assumptions
			(Oct~ )
	Crude Oil (Dubai)	70.0	63.1	(6.9)	(9.9%)		60.0
	Crude Oil (Brent)	72.0	63.4	(8.6)	(11.9%)		61.5
	Naphtha Price (Customs)	650	515	(135)	(20.8%)		485
	Thermal Coal (NEWC)	93.0	75.5	(17.5)	(18.8%)		63.0
	Exchange Rate (TTM)	110.0	107.5	(2.5)	(2.3%)		105.0

* Brent prices and thermal coal prices are averages based on the calendar year (January-December).

2) Consolidated Income Statement (Summary)		(Units: ¥ billions)

		5/15 Forecast	11/14 Forecast	Difference
	Net Sales	6,790.0	6,100.0	(690.0)	(10.2%)
	Operating Income	220.0	140.0	(80.0)	(36.4%)
	+ Equity Income
	(Inventory impact)	0.0	(28.0)	(28.0)	－
	(Excluding inventory impact)	220.0	168.0	(52.0)	(23.6%)
	Ordinary Income	228.5	150.0	(78.5)	(34.4%)
	Extraordinary Gain/Loss	10.0	9.0	(1.0)	(10.0%)
	Net Income Attributable to	160.0	100.0	(60.0)	(37.5%)
	Owners of the Parent

	(Excluding inventory impact)	160.0	120.0	(40.0)	(25.0%)

* Gross average method of inventory valuation
* "Inventory impact" represents the impact of inventory valuation and the reduction in book value of inventory assets	17
* Figures rounded to the nearest billion yen

2. Financial Reporting
3) Operating Income + Equity Income (vs. 5/15 Forecast)		(Units: ¥ billions)


		5/15 Forecast	11/14 Forecast	Difference

	Petroleum	78.0	31.0	(47.0)	(60.3%)
	(Excluding inventory impact)	78.0	59.0	(19.0)	(24.4%)
	Basic Chemicals	45.5	45.0	(0.5)	(1.1%)
	Functional Materials	39.0	31.0	(8.0)	(20.5%)
	Power and	2.0	(4.0)	(6.0)	－
	Renewable Energy
	Resources	61.0	42.0	(19.0)	(31.1%)
	(Oil Exploration and Production)	21.0	14.0	(7.0)	(33.3%)
	(Coal)	40.0	28.0	(12.0)	(30.0%)
	Others/Reconciliation	(5.5)	(5.0)	0.5	－
	Total	220.0	140.0	(80.0)	(36.4%)
	(Excluding inventory impact)	220.0	168.0	(52.0)	(23.6%)

* Fiscal years for Australian coal operations and Oil Exploration and Production included in the Resources Business end in December

2. Financial Reporting

FY 2019 3rd Quarter Results

1) Net Sales by Segment	(Units: ¥ billions)
		FY 2018 3Q(E)	FY 2019 3Q	Change

Petroleum	4,063.6	3,630.4	(433.2)	(10.7%)
Basic Chemicals	466.7	350.0	(116.7)	(25.0%)
Functional Materials	325.2	294.0	(31.3)	(9.6%)
Power and	105.8	94.6	(11.2)	(10.6%)
Renewable Energy
Resources	229.2	189.0	(40.2)	(17.6%)
(Oil Exploration and Production)	58.6	35.9	(22.7)	(38.8%)
(Coal)	170.7	153.1	(17.5)	(10.3%)
Others/Reconciliation	3.2	2.8	(0.4)	(13.3%)

Total	5,193.7	4,560.7	(633.0)	(12.2%)

2. Financial Reporting

FY 2019 3rd Quarter Results

2) Extraordinary Gains/Losses		(Units: ¥ billions)

			FY 2018 3Q(E)	FY 2019 3Q		Change
		Gain on sale of fixed assets	3.3	2.3		(1.0)
		Gain on sale of affiliate stock	0.2	0.0		(0.2)
		Gain on business transfer	2.3	0.0		(2.3)
		Gain from step acquisition	0.0	17.2		17.2
		Other	7.9	3.1		(4.8)
		Total Extraordinary Gains	13.7	22.6		9.0


		Impairment losses	18.4	0.1		(18.3)

		Loss on sale and depletion	3.0	5.6		2.6
		of fixed assets
		Other	2.4	5.6		3.1
		Total Extraordinary Losses	23.9	11.3		(12.6)
	Total Extraordinary Gains/Losses	(10.2)	11.4		21.6

2. Financial Reporting

FY 2019 3rd Quarter Results

Balance Sheet

							(Units: ¥ billions)

	4/1/2019	12/31/2019	Change		4/1/2019	12/31/2019	Change

	141.7	125.2	(16.5)	Liabilities	1,781.2	1,841.5	60.3
Cash and deposits				Total Current

Receivables,
1,677.8	1,715.3	37.5	Total Fixed	1,060.4	988.5	(71.9)
Inventory, etc.
				Liabilities
Total Current	1,819.5	1,840.6	21.1	Total Liabilities	2,841.6	2,830.0	(11.6)
Assets
Tangible fixed assets	1,410.4	1,439.8	29.4	Shareholders' Equity	1,255.6	1,245.5	(10.1)
and Other
	920.5	845.8	(74.7)	Comprehensive Income	53.2	50.6	(2.6)
Other fixed assets	Noncontrolling Interests

Total Fixed Assets	2,330.9	2,285.5	(45.4)	Total Net Assets	1,308.8	1,296.1	(12.7)

Total Assets	4,150.4	4,126.1	(24.3)	Total Liabilities and	4,150.4	4,126.1	(24.3)
Net Assets

				Net D/E Ratio	0.75	0.90	0.15

				Total Interest-	1,077.2	1,240.0	162.8
				bearing Debt
				Equity Ratio	30.3%	30.2%	(0.1%)

３. Sensitivity

(1) Impact of a US$1/bbl. Decrease in Crude Oil Prices on FY Earnings

		Decrease in refinery	￥1.0billion
	Petroleum	fuel costs, etc.
	(￥5.0 billion)
		Inventory impact
			(￥4.0 billion)
	Oil Exploration & Production	(￥1.0 billion)
(2) Impact of a 1 JPY/USD Depreciation on FY Earnings

		Increase in refinery	(￥0.5 billion)
	Petroleum	fuel costs, etc.
	￥3.0 billion
		Inventory impact
			￥2.5 billion
	Basic Chemicals	￥0.5 billion
	Oil Exploration & Production	－

In addition to the above, the resources businesses are impacted by fluctuations in exchange rates with other currencies (NOK, AUD, etc.)

４. Sales and Production

(1)－1.Sales Volume (Petroleum Segment)

（Units:Thousand KL,%）

	FY 2018 3Q （E）	FY 2019 3Q	Change
Gasoline	11,610	10,902	(708)	(6.1%)
Naphtha	274	207	(67)	(24.4%)
Jet Fuel	3,934	3,869	(65)	(1.6%)
Kerosene	2,369	2,293	(77)	(3.2%)
Diesel Oil	8,561	8,089	(472)	(5.5%)
Heavy Fuel Oil A	2,555	2,338	(217)	(8.5%)
Heavy Fuel Oil C	2,673	2,566	(108)	(4.0%)
Toal Domestic Sales Volume	31,977	30,264	(1,713)	(5.4%)
Exported Volume	3,022	2,666	(356)	(11.8%)
Total Sales Volume	34,999	32,930	(2,069)	(5.9%)

４. Sales and Production

(1)－2.Sales Volume (Basic Chemicals Segment)

(Units:Thousand tons, %)

		FY 2018 3Q （E）	FY 2019 3Q	Change
	Basic Chemicals	3,154	2,961	(193)	(6.1%)
(1)－3.Sales Volume (Functional Materials Segment)
			（Units:Thousand KL,Thousand tons,%）

		FY 2018 3Q	FY 2019 3Q	Change
	Lubricants	958	897	(61)	(6.4%)
	Performance Chemicals	454	464	11	2.4%
	*Includes sales of overseas licenses
	*Lubricant oil sales volume excludes sales by Shell Lubricants Japan K.K.

(1)－4.Sales Volume (Power and Renewable Energy Segment)
				(Units:Million kWh, %)

		FY 2018 3Q （E）	FY 2019 3Q	Change
	Retail Power Sales	1,216	1,680	464	38.2%

４. Sales and Production

（1）－5.Oil E&P - Production Volume ,including Gas (Resources Segment)

（Units:Thousand BOED）

		FY 2018 3Q	FY 2019 3Q	Change
	Norway	27.2	20.9	(6.3)	(23.2%)
	Total('000BOE)	7,416	5,692	(1,724)	(23.2%)
	*Figures based on interest owned by Idemitsu's resource development subsidiaries

1 6. Coal - Production Volume (Resources Segment)	（Units:Thousand tons）
（）－
		FY 2018 3Q	FY 2019 3Q	Change
	Ensham	3,318	3,123	(195)	(5.9%)
	Muswellbrook	1,163	826	(337)	(29.0%)
	Boggabri	4,053	4,047	(6)	(0.1%)
	Tarawonga	204	0	(204)	(100.0%)
	Sub Total	8,738	7,996	(742)	(8.5%)
	Maｌinau	764	939	176	23.0%
	Total Production Volume	9,502	8,935	(566)	(6.0%)

*Figures based on interst owned by Idemitsu Group
*Fiscal years for Oil Exploration and Production and Coal operations end in December	25

４. Sales and Production

(2)－1.Sales Volume Forecasts (Petroleum Segment)

（Units:Thousand KL,%）

	5/15 Forecast	11/14 Forecast	Difference

Gasoline	14,880	14,350	(530)	(3.6%)
Naphtha	390	300	(90)	(23.0%)
Jet Fuel	5,310	5,230	(80)	(1.5%)
Kerosene	4,610	4,350	(260)	(5.6%)
Diesel Oil	11,060	10,700	(360)	(3.3%)
Heavy Fuel Oil A	3,790	3,460	(330)	(8.7%)
Heavy Fuel Oil C	3,300	3,570	270	8.2%
Toal Domestic Sales Volume	43,340	41,960	(1,380)	(3.2%)
Exported Volume	3,570	4,650	1,080	30.3%
Total Sales Volume	46,910	46,610	(300)	(0.6%)

４. Sales and Production

(2)－2.Sales Volume Forecasts (Basic Chemicals Segment)

(Units:Thousand tons, %)

	5/15 Forecast	11/14 Forecast	Difference

Basic Chemicals	4,270	4,210	(60)	(1.4%)

(2)－3.Sales Volume Forecasts (Functional Materials Segment)

（Units:Thousand KL,Thousand tons,%）

	5/15 Forecast	11/14 Forecast	Difference

Lubricants	1,300	1,250	(50)	(3.8%)
Performance Chemicals	660	640	(20)	(3.0%)

*Includes sales of overseas licenses

*Lubricant oil sales volume excludes sales by Shell Lubricants Japan K.K.

(2)－4.Sales Volume Forecasts (Power and Renewable Energy Segment)

(Units:Million kWh, %)

	5/15 Forecast	11/14 Forecast	Difference

Retail Power Sales	2,720	2,810	90	3.3%

４. Sales and Production

（2）－5.Oil E&P - Production Volume Forecasts ,including Gas (Resources Segment)

（Units:Thousand BOED）

	5/15 Forecast	11/14 Forecast	Difference

Norway	22.7	21.7	(1.0)	(4.5%)
Total('000BOE)	8,300	7,930	(370)	(4.5%)

*Figures based on interest owned by Idemitsu's resource development subsidiaries

（2）－6. Coal - Production Volume Forecasts (Resources Segment)

（Units:Thousand tons）

	5/15 Forecast	11/14 Forecast	Difference

Ensham	4,360	4,420	60	1.4%
Muswellbrook	1,500	1,330	(170)	(11.3%)
Boggabri	5,990	5,450	(540)	(9.0%)
Tarawonga	0	0	0	－
Sub Total	11,850	11,200	(650)	(5.5%)
Maｌinau	1,230	1,230	0	0.0%
Total Production Volume	13,080	12,430	(650)	(5.0%)

*Figures based on interst owned by Idemitsu Group
*Fiscal years for Oil Exploration and Production and Coal operations end in December	28

５. Market Conditions

（1）Crude Oil Prices (Dubai and Brent)

５. Market Conditions

（2）Gasoline - Crude Oil CIF (Prices and Spreads)

５. Market Conditions

（3）Diesel Oil - Crude Oil CIF (Prices and Spreads)

５. Market Conditions

（4）Paraxylene, Mixed xylene, Naptha (Prices and Spreads)

５. Market Conditions

（5）Styrene Monomer, Naptha (Prices and Spreads)

６．Refineries Utilization

Capacity Utilization(%) BCD

	FY2015	FY2016	FY2017	FY2018	FY2019 3Q

Idemitsu	86%	88%	88%	88%	86%

Showa Shell	91%	85%	88%	93%

７．Number of Service Stations		Locations


		FY2015	FY2016	FY2017	FY2018	FY2019 3Q

	Idemitsu	3,666	3,589	3,545	3,501	3,453

	Showa Shell	3,193	3,123	3,028	2,964	2,917

	Total	6,859	6,712	6,573	6,465	6,370

Precaution statement about forecasts

Any information about forecasts for the Company's operating results,

management strategy and management policy contained in this documents other than historical facts is prepared, according to judgments made by the top management of the Company based on information available as of the

publication of the document.

Actual business environments contain potential risk factors and uncertainties including economic situations, crude oil prices, trends in petroleum products, market conditions, currency exchange rates and interest rates.

Consequently, actual operating results of the Company may substantially differ from forecasts due to changes in the important factors mentioned above.

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Idemitsu Kosan Co. Ltd. published this content on 14 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2020 08:48:10 UTC

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-26 am EDT			5-day change	1st Jan Change
1,048 ^JPY	+2.49%		+2.34%	+36.55%

Apr. 17	Idemitsu Kosan Partners Zen-Noh Grain for Sustainable Aviation Fuel Production	MT
Apr. 17	Japan oil refiners to tap reserves in case of Middle East disruption	RE

Idemitsu Kosan Partners Zen-Noh Grain for Sustainable Aviation Fuel Production	Apr. 17	MT
Japan oil refiners to tap reserves in case of Middle East disruption	Apr. 17	RE
Idemitsu Kosan Acquires 8.75% Stake in Fuji Oil in Capital and Business Alliance Deal	Apr. 16	MT
Idemitsu Kosan Co.,Ltd Signs Memorandum of Understanding with Zen-Noh Grain Corporation	Apr. 15	CI
Idemitsu Kosan Co.,Ltd. agreed to acquire 8.75% stake in Fuji Oil Company, Ltd. from JERA Co., Inc.	Apr. 15	CI
Idemitsu Kosan Buys Back 6 Billion Yen Worth of Shares in March	Apr. 03	MT
Graphinex Pty Ltd announced that it has received funding from Idemitsu Kosan Co.,Ltd.	Apr. 02	CI
Japan's Idemitsu, Mitsui Chemicals may consolidate ethylene plants in Chiba	Mar. 27	RE
Vietnam's largest refinery to boost operating capacity by 15%-20%	Mar. 25	RE
Skye Renewables Holdings Pte Ltd announced that it has received funding from British International Investment plc, Idemitsu Kosan Co.,Ltd.	Mar. 25	CI
Japan petrochemicals sector will need to consolidate, says oil industry group	Mar. 25	RE
Idemitsu Kosan Agrees to Boost Fuji Oil Stake to 13%	Mar. 20	MT
Idemitsu raises stake in Fuji Oil, eyes holding 20%	Mar. 19	RE
Australian coal miner New Hope H1 profit slumps, payout beats expectations	Mar. 18	RE
Idemitsu, Qantas and Airbus back Australia biofuel refiner with $19.2 mln	Mar. 11	RE
Jet Zero Australia Pty Ltd announced that it has received AUD 29 million in funding from Idemitsu Kosan Co.,Ltd., Qantas Airways Limited, Airbus SE	Mar. 10	CI
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Factbox-Asia's sustainable aviation fuel projects and agreements	Feb. 19	RE
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Idemitsu Kosan Completes Repurchase of Shares Worth 60 Billion Yen	Feb. 15	MT
Jefferies Adjusts Idemitsu Kosan's Price Target to 1,100 Yen to 1,000 Yen, Keeps at Buy	Feb. 14	MT
Tranche Update on Idemitsu Kosan Co.,Ltd.'s Equity Buyback Plan announced on February 14, 2023.	Feb. 14	CI
Idemitsu Kosan Co.,Ltd.'s Equity Buyback announced on February 14, 2023, has closed with 96,681,300 shares, representing 6.5% for ¥59,999.96 million.	Feb. 13	CI

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ICAHN ENTERPRISES L.P.	+0.47%	7.41B
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CVR ENERGY, INC.	+10.17%	3.36B
SINOPEC SHANGHAI PETROCHEMICAL COMPANY LIMITED	-1.77%	3.32B
MOTOR OIL HELLAS CORINTH REFINERIES S.A.	+12.71%	3.09B
HELLENIQ ENERGY HOLDINGS S.A.	+14.01%	2.71B

Idemitsu Kosan Co., Ltd.

Equities

5019

JP3142500002

Oil & Gas Refining and Marketing

Idemitsu Kosan : Presentation on Results for the 3rd Quarter FY2019（3,047KB）

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Chart Idemitsu Kosan Co., Ltd.

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Quarterly earnings - Rate of surprise

Sector Petroleum Refining