Idemitsu Kosan Co.,Ltd. Provides Earnings Guidance for the Year Ended March 31, 2021
May 26, 2020 at 11:30 am IST
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Idemitsu Kosan Co.,Ltd. provided earnings guidance for the year ended March 31, 2021. For the period, the company expects net sales of JPY 3,900,000 million. Operating income is expected to be JPY 60,000 million. Net income attributable to owners of the parent is expected to be JPY 5,000 million. Net income per share is expected to be JPY 16.82.
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%).