Q1 2020 Idemitsu Kosan Co Ltd Earnings Presentation Transcript

Aug 14, 2019 / 09:00AM GMT
Presentation
Aug 14, 2019 / 09:00AM GMT

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Corporate Participants
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* Toshiaki Sagishima
Idemitsu Kosan Co.,Ltd. - Managing Executive Officer of Accounting & Finance

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Toshiaki Sagishima - Idemitsu Kosan Co.,Ltd. - Managing Executive Officer of Accounting & Finance

My name is Sagishima of Idemitsu Kosan. I would like to provide an overview of our financial results for the first quarter of fiscal year 2019.

I would like to make 2 comments before I begin. First, in today's explanation, fiscal year 2018 figures are an estimate of the total of Idemitsu and Showa Shell on a 100% consolidation basis. Second, segment information means the total of operating income and equity income. Fiscal year 2018 figures are also provided on the same basis to facilitate comparison.

I would like to begin on Page 3, which shows trends in crude oil prices. The red line shows the trend in fiscal year 2019, while the blue line shows the trend in fiscal year 2018. The April-June average was $67.4

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