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

IDEMITSU KOSAN CO.,LTD.

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Japanese refiners assess Saudi oil supplies after attacks

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09/17/2019 | 01:20am EDT

TOKYO (Reuters) - Oil refiners in Japan, the world's fourth-biggest importer of crude oil, are gathering information on supplies from Saudi Arabia following an attack on the kingdom's key crude oil facilities over the weekend, company officials said on Tuesday.

The attack on state-owned producer Saudi Aramco's crude-processing facilities at Abqaiq and Khurais cut output by 5.7 million barrels per day and threw into question its ability to maintain oil exports.

Saudi Aramco has not given a specific timeline for the resumption of full output. Saudi Arabia is the world's biggest oil exporter and has been the supplier of last resort for decades.

Officials from Japan's JXTG Holdings, Idemitsu Kosan Co Ltd and Cosmo Energy Holdings Co Ltd said they were collecting information but declined to comment further on Saudi Arabian oil or alternative supplies.

"We don't expect any major problem on our crude procurement," said a Fuji Oil spokesman, pointing to the company's capability to get alternative supplies.

Japan will consider coordinated release of oil reserves and other measures if needed to ensure sufficient supplies after the attack on Saudi oil facilities, its minister of economy trade and industry, Isshu Sugawara, said earlier on Tuesday.

Japan's Nikkei share average <.N225> edged up to a four-month high, as soaring oil prices triggered by the attack on Saudi oil facilities boosted oil and gas-related companies. [.T]

Oil prices ended nearly 15% higher on Monday, with Brent logging its biggest jump in over 30 years amid record trading volumes, after the attack on Saudi crude facilities cut the kingdom's production in half and fanned fears of retaliation in the Middle East.

(Reporting by Aaron Sheldrick and Yuka Obayashi; Editing by Subhranshu Sahu)

Stocks mentioned in the article
ChangeLast1st jan.
COSMO ENERGY HOLDINGS CO., LTD. 2.34% 2318 End-of-day quote.2.39%
FUJI CO., LTD. 0.05% 1965 End-of-day quote.7.03%
FUJI CORPORATION 0.65% 1698 End-of-day quote.34.55%
FUJI OIL COMPANY, LTD. 1.62% 251 End-of-day quote.-13.15%
FUJI OIL HOLDINGS INC. 0.63% 3205 End-of-day quote.-6.70%
IDEMITSU KOSAN CO.,LTD. 1.30% 3120 End-of-day quote.-11.86%
JXTG HOLDINGS, INC. 0.42% 508 End-of-day quote.-11.19%
LONDON BRENT OIL -0.50% 59.24 Delayed Quote.9.51%
NIKKEI 225 0.34% 22625.38 Real-time Quote.12.38%
OBAYASHI CORPORATION 1.74% 1108 End-of-day quote.13.06%
WTI -0.42% 53.94 Delayed Quote.18.22%
YONDOSHI HOLDINGS INC. -0.34% 2610 End-of-day quote.21.85%
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Financials (JPY)
Sales 2020 6 314 B
EBIT 2020 183 B
Net income 2020 131 B
Debt 2020 942 B
Yield 2020 5,24%
P/E ratio 2020 6,84x
P/E ratio 2021 6,21x
EV / Sales2020 0,30x
EV / Sales2021 0,30x
Capitalization 941 B
Technical analysis trends IDEMITSU KOSAN CO.,LTD.
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Average target price 4 272,22  JPY
Last Close Price 3 120,00  JPY
Spread / Highest target 69,9%
Spread / Average Target 36,9%
Spread / Lowest Target -6,09%
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