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Home > Company Index > Energy > Oil & Gas Refining & Marketing > Idemitsu Kosan Co., Ltd.

Idemitsu Kosan Co., Ltd.
 NEWS FROM THE STANDARD
Japan Oil Firms to Trade Futures Online
May 14 2001 08:02 AM PDT

 PROFILE
As long as Japanese drive Toyotas, there will be a role for Idemitsu Kosan. The #2 oil refiner in Japan (behind Nippon Mitsubishi Oil), Idemitsu Kosan explores for oil to feed its nine tankers, which have more than 2.3 million tons of shipping capacity. The firm operates five refineries that produce 720,000 barrels per day and produce gasoline and fuels, kerosene, lubricants, and liquefied petroleum gas. It owns 7,000 service stations and holds a 14% share of the retail market. Idemitsu Kosan is reducing its refinery capacity to help increase oil price in Japan. The company also explores for other energy sources, including coal, uranium, and geothermal resources.

 COMPETITION
Cosmo Oil Company, Limited (5007)
JAPAN ENERGY CORPORATION (dossier)
Nippon Mitsubishi Oil Corporation (5001)

 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 20,725.80
Employees: 3,872
Revenue per employee: $5,352,737.60

 KEY PEOPLE
• Akira Idemitsu
    CEO
• Tetsuo Izeki
    CFO

 CONTACT INFO
1-1 Marunouchi
Tokyo, Japan
Phone: 81-3-3213-3115
Fax: 81-3-3213-9354
Online: Web Site

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