Brief: Idemitsu President - Will Prioritise Domestic Petroleum Product Supply Even If Margins Are Higher In Overseas Markets

Idemitsu Kosan Co

12/05/2026 09:02

May 12 - Idemitsu Kosan Co Ltd 5019.T:

IDEMITSU CFO: INTRODUCING A PROGRESSIVE DIVIDEND POLICY FROM FY2026 AND AIMING FOR A TOTAL PAYOUT RATIO OF 50% OR MORE FROM FY2026 TO FY2030

IDEMITSU PRESIDENT: AIM TO INCREASE REFINERY’S RUN RATE, EXCLUDING MAINTENANCE, FROM 86% IN FY2023–FY2025 TO OVER 90% IN FY2026–FY2030

IDEMITSU PRESIDENT: WILL STRENGTHEN GLOBAL OPERATIONS IN NATURAL GAS UPSTREAM, LNG AND GAS TRADING BUSINESSES

IDEMITSU EXECUTIVE: WILL INVEST 590 BILLION YEN IN FUEL OIL SEGMENT IN FY2026-FY2030

IDEMITSU PRESIDENT: WE ARE NOT FACING EXTREME DIFFICULTIES IN SECURING ALTERNATIVE CRUDE SUPPLIES

IDEMITSU PRESIDENT: WE ARE SOURCING CRUDE SUBSTITUTES FROM OUTSIDE THE MIDDLE EAST AS WELL AS MIDDLE EASTERN CRUDE THAT DOES NOT PASS THROUGH THE STRAIT OF HORMUZ

IDEMITSU PRESIDENT: SCRAPPED TARGET TO REDUCE CAPACITY AT DOMESTIC REFINERIES SET OUT IN THE PREVIOUS MID-TERM BUSINESS PLAN

IDEMITSU PRESIDENT: OUR ALTERNATIVE SUPPLIERS INCLUDE US CRUDE

IDEMITSU CFO: NO CHANGES TO SCHEDULED MAINTENANCE PLANS FOR DOMESTIC REFINERIES DUE TO THE MIDDLE EAST CRISIS

IDEMITSU PRESIDENT: WILL PRIORITISE DOMESTIC PETROLEUM PRODUCT SUPPLY EVEN IF MARGINS ARE HIGHER IN OVERSEAS MARKETS

Further company coverage: 5019.T