Idemitsu Kosan Co. Ltd.

Company Overview

Idemitsu Kosan is a petroleum refining and manufacturing company. The company manufactures and sells biodegradable, petrochemical and oil products. It is listed on the Tokyo Stock Exchange. It operates in three major segments: petroleum products, petrochemical products, and resources.

The company offers lubricants through the petroleum products segment. It is also engaged in the exploration, development, and extraction of petroleum, coal, and other mineral resources. The company is the second-largest petroleum refiner in Japan, after ENEOS Corp. It sold almost 1.3 million kiloliters of lubricants in FY 2018, which was 8.4% more than the previous fiscal year. The company operates through its subsidiaries in Asia-Pacific, Europe, North America, South America, and the Middle East & Africa.

Financial Highlights (FY 2023)

Company's Business Segments

• Petroleum : The petroleum segment Produces, Sells Refined Petroleum Products.
• Basic chemicals : Basic Chemicals segment Produces, Sells Olefin, Aroma Products.
• Functional materials : Functional Materials segment Produces, Sells Lubricants, Performance Chemicals.
• Power and renewable energy : The Power and Renewable Energy segment Conducts Power Generation Thermal Power, Solar Power, Wind Power, Sales of Electricity, Solar Cell Business.
• Resources : The Resources Segment Explores, Develops, Produces, Sells Crude Oil, Natural Gas, Other Energy Resources.
• Others : Other segment include Scheduled Amortization of Actuarial Gain or Loss on Pensions that has been recorded in Equity through Other Comprehensive Income.