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Idemitsu Kosan Co Ltd (5019.T)

5019.T on Tokyo Stock Exchange

3,130JPY
9 Dec 2016
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¥158 (+5.32%)
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Latest Key Developments (Source: Significant Developments)

Idemitsu Kosan says expansion of production capacity and installation of evaluation equipment at Korean OLED Factory
Thursday, 8 Dec 2016 01:26am EST 

Idemitsu Kosan Co Ltd <5019.T>: Says its decision to expand production capacity of the OLED materials at its 100 percent subsidiary Idemitsu Electronic Materials Korea Co., Ltd, as well as to install additional evaluation equipment . Says Production capacity will be increased from 5t/year to 8t/year and Combined with Omaezaki Factory, Idemitsu Group’s overall production capacity will increase from 7t/year to 10t/year as a result . In addition to evaluation equipment for OLED materials, evaluation equipment for OLED light-emitting devices will be newly installed .Both construction projects are expected to begin in Dec. 2016 and end in the first half of fiscal year 2017.  Full Article

Idemitsu Kosan and Showa Shell Sekiyu began negotiating capital and business tie-up - Nikkei
Tuesday, 6 Dec 2016 12:12pm EST 

Nikkei: Idemitsu kosan and Showa Shell Sekiyu began negotiating a capital and business tie-up Tuesday - Nikkei . Idemitsu Kosan and Showa Shell Sekiyu will team up to run seven Japanese oil refineries and distribute fuel to around 7,000 stations - Nikkei .Idemitsu Kosan and Showa Shell Sekiyu tie-up is seen boosting combined earnings by around 30 billion yen each year - Nikkei.  Full Article

Idemitsu delays purchase of Showa Shell shares from Shell
Monday, 14 Nov 2016 01:03am EST 

Idemitsu Kosan Co Ltd <5019.T>: Idemitsu says to delay purchase of Showa Shell shares from Royal Dutch Shell . Idemitsu says to delay purchase of Showa Shell shares until Dec-Jan .Idemitsu says to delay share purchase because Japan Fair Trade Commission review remains ongoing.  Full Article

Idemitsu, Showa Shell news conference at 0810 GMT-Jiji
Thursday, 13 Oct 2016 02:22am EDT 

: Idemitsu Kosan <5019.T>, Showa Shell <5002.T> to hold news conference at 0810 GMT - Jiji Further coverage: Japan's Idemitsu to delay planned purchase of Showa Shell - sources [nL4N1CJ1SJ] (Reporting By Chris Gallagher) ((chris.gallagher@thomsonreuters.com;)).  Full Article

Idemitsu Kosan to construct hydrogenated hydrocarbon resin manufacturing unit in Taiwan
Thursday, 1 Sep 2016 03:32am EDT 

Idemitsu Kosan Co Ltd <5019.T>: Says it plans to construct a hydrogenated hydrocarbon resin manufacturing unit in Taiwan with Formosa Petrochemical Corp.<6505.TW> .Says the construction will increase the co’s production capacity to more than three times that of the conventional one, meeting demand expansion and sales increase and ensuring a stable supply.  Full Article

Idemitsu Kosan to acquire less of Showa Shell Sekiyu than planned -Nikkei<5002.T><5019.T>
Thursday, 4 Aug 2016 02:57pm EDT 

Nikkei:Idemitsu Kosan thinking of acquiring less of Showa Shell Sekiyu than previously planned, to counter efforts by Idemitsu's founding family to block merger-Nikkei.  Full Article

Idemitsu Kosan's management to meet founding family as early as next week to discuss Showa Shell merger - Nikkei<5002.T><5019.T>
Monday, 4 Jul 2016 04:42pm EDT 

Nikkei: Idemitsu Kosan's management to meet founding family as early as next week to discuss latter's opposition to planned merger with Showa Shell Sekiyu - Nikkei .  Full Article

Idemitsu founding family opposing merger with Showa Shell -Kyodo
Tuesday, 28 Jun 2016 02:00am EDT 

Idemitsu Kosan Co <5019.T> founding family opposing merger with Showa Shell Sekiyu KK <5002.T>, has 33.92 percent stake - Kyodo Further company coverage:.  Full Article

Idemitsu Kosan sets date for integration with Showa Shell Sekiyu
Friday, 17 Jun 2016 02:13am EDT 

Idemitsu Kosan <5019.T>: Says it changes shares transaction date to middle September . Says it sets establishment date of new integrated company, at April 1, 2017 .Says plan disclosed on July 30, 2015 and Nov. 12, 2015.  Full Article

Idemitsu Kosan lowers consolidated full-year outlook for FY 2016; says year-end dividend forecast not changed for FY 2016
Tuesday, 19 Apr 2016 02:00am EDT 

Idemitsu Kosan Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 3,570,000 million yen from 3,750,000 million yen for FY ended March 2016.Sees a decrease of operating profit forecast to -19,500 million yen from 3,000 million yen.Sees a decrease of ordinary profit forecast to -21,500 million yen from 2,000 million yen.Sees a decrease of net profit forecast to -36,000 million yen from -13,000 million yen.Sees a decrease of earnings per share to -225.07 yen from -81.27 yen.Comments the decreased income due to low crude oil price and extraordinary loss are the main reasons for the forecast.Says year-end dividend forecast at 25 yen per share not changed for FY ending March 2016.  Full Article

UPDATE 2-Japan's Idemitsu JV plans to expand LPG use at naphtha cracker

* Already set to be shut next spring for planned maintenance (Adds detail in second and fifth paragraphs)