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    5019   JP3142500002

IDEMITSU KOSAN CO.,LTD.

(5019)
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Idemitsu Kosan : Medium-term Management Plan Revision

05/12/2021 | 06:20am EDT

Medium-term Management Plan

Revision

(FY2020-2022)

May 11, 2021

Idemitsu Kosan Co., Ltd.

Securities code: 5019

Environmental changes following announcement of the medium-term management plan in 2019

Reduced demand for core products and lifestyle changes due to COVID

Accelerated decarbonization following the 2050 carbon neutral declaration

Increased resource price volatility amid capital excess

Need to reformulate medium-

to-long-term strategy and

accelerate initiatives

2

Steps for medium-term management plan revision

Anticipated long-term business environment

Reconfirm corporate purpose and establish a corporate vision for 2030

Basic strategy and management objectives towards 2030

Revision of medium-term management plan (2020-2022)

3

Long-term energy business environment scenarios towards 2050

Azure scenario is becoming

more plausible with recent

Scenario 1:

acceleration in decarbonization

"Squall"

High economic growth in

Asia-Pacific

Asia; Growth in petroleum

Petroleum Demand

demand outpaces effort to

Increase

reduce CO2 emissions

Scenario 2:

Unchanged

"Cloud"

Slower economic growth in Asia;

Solutions to environmental issues

Decrease

shelved

Drastic

Governments and businesses respond

decrease

more strongly to opportunities to

Scenario 4: address environmental issues

"Azure" National governments focus on green

recovery from COVID, promoting

decarbonization and economic recovery

Now

~2030

~2050

4

Anticipated long-term business environment

Many variables make the future business environment extremely uncertain, but decarbonization and aging are very likely to become global trends

Asian population forecasts

80

(100 million people)

High estimate

70

60

Medium estimate

50

40

30

Low estimate

20

2020

2040

2060

2080

2100

Median age forecasts (based on (age) medium estimate) by country

60

World

50

Japan

China

40

India

Southeast

30

Asia

20

2020 2040 2060 2080 2100

It will become necessary to enhance our resilience

while engaging in steady efforts towards the

resolution of future social challenges

Source: UN World Population Prospects (birth rates: high>medium>low)

5

This is an excerpt of the original content. To continue reading it, access the original document here.

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 10:19:06 UTC.


© Publicnow 2021
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Sales 2022 5 828 B 53 124 M 53 124 M
Net income 2022 111 B 1 011 M 1 011 M
Net Debt 2022 1 023 B 9 330 M 9 330 M
P/E ratio 2022 6,89x
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Number of Analysts 10
Last Close Price 2 574,00 JPY
Average target price 2 857,00 JPY
Spread / Average Target 11,0%
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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