Brief: Idemitsu Cfo: U.s. Tariffs Are Expected To Reduce Our Profits By 40 Billion Yen In Fy2025/26

Idemitsu Kosan Co

13/05/2025 10:46

May 13 (Reuters) - Idemitsu Kosan Co Ltd 5019.T:

IDEMITSU CFO: U.S. TARIFFS ARE EXPECTED TO REDUCE OUR PROFITS BY 40 BILLION YEN IN FY2025/26

IDEMITSU PRESIDENT: WE ARE CONTINUING TALKS WITH OTHER SPONSORS AND VIETNAMESE GOVERNMENT TO REDUCE INTEREST BURDEN ON NGHI SON REFINERY PROJECT IN VIETNAM

IDEMITSU CFO: NGHI SON REFINERY IS EXPECTED TO KEEP HIGH RUN RATE IN FY2025, BUT NET LOSS IS EXPECTED DUE TO HEAVY INTEREST PAYMENT

IDEMITSU PRESIDENT: WE HAVE SCALED BACK OUR DECARBONIZATION INVESTMENTS THROUGH 2030 IN RESPONSE TO GLOBAL SLOWDOWN IN DECARBONIZATION EFFORTS

Source text: [ID:]

Further company coverage: 5019.T

 (Reporting by Yuka Obayashi)

 ((kiyoshi.takenaka@thomsonreuters.com;))