28  February  2020

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The energy industry in general has undergone a huge ransformation since Idemitsu Kosan Co., Ltd.entered the oil business, a transformation brought forth at the end of twentieth-century by two main factors:economic globalization and the need to address environmental problems.

As the intensive competition of the major oil companies unfolds, 13 companies with sales dealerships are combining into four main groups in Japan.

During this period, Idemitsu has made every effort to strengthen its structure, consolidating staff and reevaluating all domestic and foreign business in accordance with the guiding principles of the founder of the company. The company has achieved its planned goal of improving the financial situation, although the company has had to sell property in order to do so.
Furthermore, the mid-term management plan for the years 2002 to 2005 is designed to bring added improvement to the company, so as to make Idemitsu's public stock offering even more attractive.

Lately, Idemitsu has steadily expanded its business into new areas such as onsite power business, gaseous energy business and the businesses which require expertise in petrochemical and lubricant technology, in agricultural microbes and electronic materials, for all of which Idemitsu's experience in refining, manufacturing and retail is of inestimate value.

Idemitsu's present and mid-term plan reflects Idemitsu's confidence in the prospects of the Post-oil era. Making substantial investments in order to stay abreast of the latest in this booming field,the company will continue to strengthen Idemitsu's already solid management fundamentals, with the intention of publicly offering Idemitsu's stocks.

Business Areas:

Energy for industrial use
Energy for home use
Oil refining
Research and development
Procurement of resources



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