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    8015   JP3635000007

TOYOTA TSUSHO CORPORATION

(8015)
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Delayed Japan Exchange  -  01:00:00 2023-02-07 am EST
5630.00 JPY   +0.36%
04:49aToyota Tsusho : Notice of Organizational Changes, Personnel Changes
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02/03Toyota Tsusho : Outline of Consolidated Results for the Nine Months ended December 31,2022
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02/03Toyota Tsusho : 3rd Quarter of Fiscal year ending March 31, 2023
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Toyota Tsusho : to Consider Feasibility of Production of Blue Ammonia, a First in Egypt- Contributing to green economic growth in Africa using clean energy -

11/17/2022 | 12:09am EST

2022-11-17

Toyota Tsusho Corporation ("Toyota Tsusho") announces today that it has signed a heads of agreement to consider the feasibility of production of Blue Ammonia with the Egyptian Petrochemicals Holding Company and the Egyptian Natural Gas Holding Company, companies under the Ministry of Petroleum and Mineral Resources in the Arab Republic of Egypt ("Egypt").

Ammonia, which does not emit GHG during combustion, is expected to be an alternative fuel in areas such as coal-fired power generation. However, GHG emission the most of which is CO2 during ammonia production has become an issue.

In recent years, great expectations have been placed on CO2-free ammonia ("Blue Ammonia"), which is produced with Carbon dioxide Capture and Storage ("CCS") into oil and gas fields and aquifers where located underground.


Toyota Tsusho will proceed with a feasibility study for the first Blue Ammonia production in Egypt, an oil and gas producing country, through CCS utilizing the existing gas fields.

The discussions with companies under the Ministry of Petroleum and Mineral Resources to conduct a feasibility study would be started. After identifying the feasibility of the project, Toyota Tsusho plans to promote its development.

Toyota Tsusho Group contributes to a realization of a decarbonized society while also contributing to green economic growth in Africa through the creation and utilization of new clean energy sources, to pass on a better global environment to the children of the future.

The information in this release is current as of the date of announcement.
Please note that information may change after the date of announcement. Thank you in advance for your understanding.

Disclaimer

Toyota Tsusho Corporation published this content on 17 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2022 05:08:05 UTC.


ę Publicnow 2022
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Financials
Sales 2023 9 939 B 74 898 M 74 898 M
Net income 2023 279 B 2 104 M 2 104 M
Net Debt 2023 1 434 B 10 806 M 10 806 M
P/E ratio 2023 7,08x
Yield 2023 3,55%
Capitalization 1 981 B 14 928 M 14 928 M
EV / Sales 2023 0,34x
EV / Sales 2024 0,35x
Nbr of Employees 65 218
Free-Float 62,7%
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Number of Analysts 8
Last Close Price 5 610,00 JPY
Average target price 6 061,43 JPY
Spread / Average Target 8,05%
EPS Revisions
Managers and Directors
Ichiro Kashitani Manager-Automotive Planning
Hideyuki Iwamoto Manager-Corporate Planning
Nobuhiko Murakami Chairman
Kumi Fujisawa Independent Outside Director
Kunihito Komoto Independent Outside Director
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