Idemitsu Kosan Co.,Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2022
May 11, 2021 at 02:00 am EDT
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Idemitsu Kosan Co.,Ltd. provided consolidated earnings guidance for the year ending March 31, 2022. For the year, the company expects net sales of JPY 5,680,000 million, operating income of JPY 135,000 million, net income attributable to owners of the parent of JPY 85,000 or JPY 285.94 per share.
Idemitsu Kosan Co., Ltd. is specialized in the production and refining of petroleum products. Net sales break down by category as follows:
- refining of petroleum products (78.8%): fuels, lubricants, kerosene, etc. At the end of March 2019, the group operated 6 refineries in Japan;
- manufacturing of petrochemical products (12.5%): activity carried out in 2 production sites located in Japan;
- exploration and production of oil, coal, uranium and geothermal resources (7%);
- other (1.7%).
Net sales are distributed geographically as follows: Japan (69.8%), Asia-Pacific (19.2%), North America (7.2%), Europe (2.4%) and others (1.4%).