Key Developments: Idemitsu Kosan Co Ltd (5019.T)

5019.T on Tokyo Stock Exchange

2,282JPY
29 Aug 2014
Price Change (% chg)

¥-8 (-0.35%)
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¥2,290
Open
¥2,280
Day's High
¥2,302
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¥2,277
Volume
356,100
Avg. Vol
441,064
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¥2,462
52-wk Low
¥2,007

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Latest Key Developments (Source: Significant Developments)

Idemitsu Kosan Co Ltd sub-subsidiary to transfer interest in Boggabri Coal Mine
Monday, 18 Aug 2014 02:30am EDT 

Idemitsu Kosan Co Ltd:Says sub-subsidiary Boggabri Coal Pty Ltd to transfer 10 pct interest in a New South Wales-based mine Boggabri Coal Mine, to Chugoku Electric Power Australia Resources Pty. Ltd, a wholly owned Australian subsidiary of Chugoku Electric Power Co., Inc.Boggabri Coal Pty Ltd is wholly owned subsidiary of Idemitsu Australia Resources which is a wholly owned subsidiary of Idemitsu.Says the transaction includes an agreement with Chugoku of a long-term coal sale from the mine.  Full Article

Idemitsu Kosan Co Ltd to issue 4th series unsecured corporate bonds
Monday, 28 Jul 2014 10:00pm EDT 

Idemitsu Kosan Co Ltd:To issue 4th series unsecured corporate bonds worth 20,000 million yen through public offering.Face value of 100 million yen and issue price at 100 yen per face value of 100 yen.Interest rate of 0.541 pct.Maturity on Aug. 4, 2021.Subscription date on July 29 and payment date on Aug. 4.Proceeds to be used to acquire properties.Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.,SMBC Nikko Securities Inc., Daiwa Securities Co.Ltd. and Mizuho Securities Co., Ltd. as underwriters.  Full Article

Idemitsu Kosan Co Ltd increased stake in PT Mitrabara Adiperdana
Thursday, 10 Jul 2014 03:30am EDT 

Idemitsu Kosan Co Ltd:Announces increased 12 pct stake in PT Mitrabara Adiperdana on July 10.Says PT Mitrabara Adiperdana based in Indonesia, has been engaged in coal production business.  Full Article

OSAKA ORGANIC CHEMICAL INDUSTRY to buy business from Idemitsu Kosan
Wednesday, 7 May 2014 02:10am EDT 

OSAKA ORGANIC CHEMICAL INDUSTRY LTD:To buy adamantane derivative business from Idemitsu Kosan.Transaction date May 31.Transaction amount 1.2 bln yen.  Full Article

Idemitsu Kosan Co Ltd and AltaGas Ltd acquires interest in Petrogas through joint venture
Sunday, 2 Mar 2014 11:00pm EST 

Idemitsu Kosan Co Ltd:Says it has acquired two-thirds of all outstanding shares of Petrogas Energy Corp through AltaGas Idemitsu Joint Venture Limited Partnership, a 50-50 joint venture between Idemitsu and AltaGas Ltd, on March 1.Other details were disclosed on Oct. 25, 2013.  Full Article

Idemitsu Kosan Co Ltd expects extraordinary loss for Q3 of FY 2014
Tuesday, 4 Feb 2014 01:00am EST 

Idemitsu Kosan Co Ltd:Sees extraordinary loss of approximately 14.5 billion yen on impairment loss of oil field production equipment, for the third quarter of fiscal year ending Mar. 31, 2014.  Full Article

Idemitsu Kosan Co Ltd and group of oil, gas companies join seismic acquisition project in Barents Sea
Monday, 9 Dec 2013 07:00pm EST 

Statoil ASA:Says a group comprised of 17 oil and gas companies has established a project for joint seismic acquisition in the southeastern Barents Sea and Statoil is the operator of the project.Says the companies taking part from the beginning are BP Plc, Chevron Corp, ConocoPhillips, Det norske oljeselskap ASA, Eni SpA, GDF Suez SA, Idemitsu Kosan Co Ltd, NK Lukoil OAO, Lundin Petroleum AB, Norske Shell, PGNiG, Repsol SA, Spike, Statoil, Suncor Energy Inc, VNG and Wintershall.Says at the request of the Norwegian Ministry of Petroleum and Energy (MPE), the industry, via the Norwegian Oil and Gas Association, has taken the initiative to jointly acquire seismic 3D data from the blocks in the southeastern Barents Sea.Says the blocks will be announced in the 23rd licensing round for the Norwegian continental shelf (NCS) in 2014.Says this is the first new area on the NCS to be opened since 1994.Says 30 companies showed interest in participating in such a collaboration.Says when the authorities circulate the 23rd round nominated blocks for public consultation, other oil companies will get a new opportunity to engage in the project.Says it is expected that several companies will make use of this offer.Says the project will immediately initiate a tender process for the seismic acquisition.Says the plan is for the seismic surveys to start in Apr. 2014 and conclude in the autumn of the same year.  Full Article

Idemitsu Kosan Co Ltd to Split Stock; Announces Partial Change to Article of Incorporation of Authorized Share Number; Lowers Year-end Dividend Forecast for FY 2014
Tuesday, 5 Nov 2013 01:00am EST 

Idemitsu Kosan Co Ltd announced that it has decided to split one share of its common stock into four shares, effective January 1, 2014. After the stock splitting, the total share outstanding will become 160,000,000. The Company has received approval from the shareholders meeting to make partial change to its article of incorporation. Based on change to article six, the Company will increase total number of authorized shares from 109,000,000 shares to 436,000,000 shares. The Company has lowered the year-end dividend forecast from JPY 100 per share to JPY 25 per share for the fiscal year ending March 2014.  Full Article

Idemitsu Kosan Co Ltd Raises Consolidated Full-year Forecast for FY 2014
Tuesday, 5 Nov 2013 01:00am EST 

Idemitsu Kosan Co Ltd announced that it has raised the consolidated full-year forecast for revenue from JPY 4,900,000 million to JPY 4,980,000 million, operating profit from JPY 79,000 million to JPY 88,000 million, ordinary profit from JPY 78,000 million to JPY 87,000 million, net profit from JPY 51,000 million to JPY 57,000 million and earning per share from JPY 318.83 to JPY 356.34 for the fiscal year ending March 31, 2014. The Company raised the consolidated full-year forecast due to favorable business performance. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY 4,685.97 billion and net profit of JPY 50.68 billion for the fiscal year ending March 2014.  Full Article

Idemitsu Kosan Co Ltd and AltaGas to Acquire Interests in Canadian Oil & Gas Company Petrogas
Thursday, 24 Oct 2013 07:30pm EDT 

Idemitsu Kosan Co Ltd., AltaGas Ltd. and Petrogas Energy Corp. announced that they have reached an agreement wherein AltaGas Idemitsu Joint Venture Limited Partnership ("AIJVLP"), a 50-50 joint venture between Idemitsu and AltaGas, will acquire two-thirds of all outstanding shares of Petrogas. AltaGas Idemitsu Joint Venture Limited Partnership will acquire 6,666,667 shares of Petrogas (including the 25 percent interest in Petrogas initially acquired by AltaGas on October 1, 2013). The transaction is scheduled to be closed in the first quarter of 2014 and Idemitsu's one-third interest in Petrogas will be acquired for approximately CAD 440 million (approximately JPY 42 billion).  Full Article

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