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
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Idemitsu Kosan Co.,Ltd.
  6. News
  7. Summary
    5019   JP3142500002

IDEMITSU KOSAN CO.,LTD.

(5019)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Idemitsu Kosan : Announcement on Differences between the Consolidated Financial Results and Forecasts

05/12/2021 | 06:13am EDT

May 11, 2021

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, Treasury Department (TEL: +81-3-3213-9307)

Announcement on Differences between the Consolidated Financial Results a nd

Forecasts for the Fiscal 2020

Idemitsu Kosan Co.,Ltd. (hereinafter, "Idemitsu" or the "Company") announces differences between the consolidated financial results and forecasts for the fiscal 2020 ending March 2021 (April 1, 2020- March 31, 2021), as follows.

1. Differences between earnings the consolidated financial results and forecasts for the fiscal 2020 (April 4, 2020 - March 31, 2021)

Net Income

Net Sales

Operating

Ordinary

Attributable to

Net income

Income

Income

Owners of the

per share

(¥ millions)

(¥ millions)

¥ millions)

Parent

(¥)

(¥ millions)

Previous Forecast (A)

4,500,000

95,000

57,000

15,000

50.46

Actual Result (B)

4,556,620

140,062

108,372

34,920

117.47

Change (B - A)

56,620

45,062

51,372

19,920

Change (%)

1.3

47.4

90.1

132.8

(For Reference)

Previous FY Results

6,045,850

(3,860)

(13,975)

(22,935)

(76.31)

(FY 3/2020)

2. Reasons for the Differences between Forecasted and Actual FY2020 Performance

Net sales exceeded the previous forecast due to an increase in crude oil prices, among other factors. Operating income and ordinary income exceeded forecasts due to increased inventory valuation gains and improved refining margins in the petroleum segment, among other factors. Net income attributable to owners of the parent was 19.9 billion yen higher than expected, with the above factors being partially offset by the recording of loss on valuation of long-term loans receivable of 18.1 billion.

Disclaimer

Idemitsu Kosan Co. Ltd. published this content on 11 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 10:11:12 UTC.


ę Publicnow 2021
All news about IDEMITSU KOSAN CO.,LTD.
06/28IDEMITSU KOSAN : No. 55 Mazda Motorsports Mazda DPi Scores Big Win in Watkins Gl..
AQ
06/11Japan's Astomos Energy buys carbon-neutral LPG cargo from Shell
RE
06/04Idemitsu shuts Yokkaichi and Chiba CDUs for maintenance
RE
06/04Oil traders ramp up Asian jet fuel exports to U.S., Europe
RE
06/01IDEMITSU KOSAN : Notice of The 106th Ordinary General Meeting of Shareholders..
PU
06/01IDEMITSU KOSAN : Information to be Disclosed on the Internet upon Giving Notice ..
PU
05/27Japan will need months to resume Iran oil buys even with nuclear deal - PAJ
RE
05/27Japan refiners need 3 mths to resume Iran oil imports even with nuclear deal ..
RE
05/12IDEMITSU KOSAN : Announcement Regarding Partial Amendments to the Articles of In..
PU
05/12IDEMITSU KOSAN : Medium-term Management Plan Revision
PU
More news
Financials
Sales 2022 5 828 B 53 136 M 53 136 M
Net income 2022 111 B 1 012 M 1 012 M
Net Debt 2022 1 023 B 9 332 M 9 332 M
P/E ratio 2022 6,95x
Yield 2022 4,86%
Capitalization 771 B 6 994 M 7 034 M
EV / Sales 2022 0,31x
EV / Sales 2023 0,30x
Nbr of Employees 14 044
Free-Float 69,7%
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
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 2 595,00 JPY
Average target price 2 857,00 JPY
Spread / Average Target 10,1%
EPS Revisions
Managers and Directors
Shunichi Kito President & Representative Director
Noriaki Sakai Chief Financial Officer
Takashi Tsukioka Chairman
Takeo Kikkawa Independent Outside Director
Mackenzie Clugston Independent Outside Director