May 26, 2020 / NTS GMT
Presentation
May 26, 2020 / NTS 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 fiscal year 2019, which were announced today as well as our earnings forecast for fiscal year 2020.
I would like to begin with the key topics of the fourth quarter of fiscal year 2019. The first is the sharp decline in the crude oil price, resulting inventory impact and time lags, had a negative impact of approximately JPY 160 billion in fiscal year 2019.
The second is the impact of COVID-19. In March, sales volume of gasoline, diesel oil and jet fuel decreased by 10%, 10% and 50%, respectively. More significant decreases followed in April and May. The Nghi Son Refinery business in Vietnam completed all facility
Full Year 2020 Idemitsu Kosan Co Ltd Earnings Presentation Transcript
Feb 13, 2024
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