Brief: Idemitsu Executive: Asia's Refining Margins Remain Weak, With No Clear Indication Of When They Will Improve

Idemitsu Kosan Co

12/02/2025 07:37

Feb 12 (Reuters) - Idemitsu Kosan Co Ltd  5019.T :
    * IDEMITSU EXECUTIVE: NGHI SON REFINERY IN VIETNAM HAS BEEN
OPERATING AT OVER 100% CAPACITY UTILIZATION SINCE MAINTENANCE
LAST FISCAL YEAR
    * IDEMITSU EXECUTIVE: NGHI SON REFINERY IS EXPECTED TO BOOK
OPERATING LOSS IN FY2024 DUE TO DETERIORATING MARGINS IN ASIA IN
H2
    * IDEMITSU EXECUTIVE: NGHI SON REFINERY'S SPONSORS ARE
CONTINUING
CONSTRUCTIVE DISCUSSIONS TO ACHIEVE PROFITABILITY IN FY2025
    * IDEMITSU EXECUTIVE: ASIA‘S REFINING MARGINS REMAIN WEAK,
WITH NO
CLEAR INDICATION OF WHEN THEY WILL IMPROVE
    * IDEMITSU EXECUTIVE: OF THE PLANNED 70 BILLION YEN SHARE
BUYBACKS, 20 BILLION YEN IS DESIGNATED FOR SHAREHOLDER RETURNS,
WHILE 50 BILLION YEN IS AIMED AT STRENGTHENING CAPITAL ADEQUACY

Further company coverage:  5019.T