Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

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


News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Japanese refiners assess Saudi oil supplies after attacks

share with twitter share with LinkedIn share with facebook
share via e-mail
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%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on IDEMITSU KOSAN CO.,LTD.
10/15Japanese refiners restart shipments after Typhoon Hagibis
09/30Vietnam's Nghi Son refinery to shut for maintenance in October
09/27IDEMITSU KOSAN CO., LTD. : Ex-dividend day for interim dividend
09/19IDEMITSU KOSAN : Saudi Aramco confirms October loading to Japan Petroleum Associ..
09/17Japanese refiners assess Saudi oil supplies after attacks
09/11IDEMITSU KOSAN : Acquiring the 100 MW Solar Project “Pioneer” in Col..
08/15Kansai Electric, Marubeni delay construction of coal-fired power plant
08/14IDEMITSU KOSAN CO., LTD. : 1st quarter results
08/14IDEMITSU KOSAN CO., LTD. : Slide show Q1 results
07/29IDEMITSU KOSAN : begins studies on commercialization of pumped-storage hydroelec..
More news
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
Income Statement Evolution
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
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