Completion and operating risks of the Nghi Son Refinery project
First written in FY2016. 26 of 39 entries say "Mitigated", first in FY2017-Q1. Latest entry: 2026-08-07.
Idemitsu Kosan moved to the "Worse" side of this theme in 2017.
1 other company's latest entry also says "Worsened".
- 2026-08-07WorsenedEarnings
「更に、NSRPの損失に対する当社グループの持分が、出資持分及び長期持分の帳簿価額の合計を超過する部分については、当社グループが負担する完工保証に係る契約上の義務を上限として負債を認識しています。」
NSRPの損失超過分について、完工保証に係る契約上の義務を上限とする負債認識が示された。 - FY2026MitigatedAnnual report
「Completion guarantee exposure (our share) ¥110,272 million ¥84,801 million」
Our share of completion guarantee exposure for NSRP decreased from ¥110,272 million to ¥84,801 million. However, the possibility of a demand for performance for the full amount remains. - 2026-05-27MitigatedGeneral Meetings of Shareholders
「保証負担額（当社分） 84,801百万円」
ニソン製油所に係る当社分の完工保証負担額は、直近の有報記載額から減少した。ただし、履行請求可能性は残っている。 - FY2026-H1MitigatedAnnual report
「Completion guarantee exposure (our share) ¥110,272 million ¥94,501 million」
Our share of completion guarantee exposure for the Nghi Son refinery decreased from ¥110,272 million at the end of the previous fiscal year to ¥94,501 million. However, the possibility of a demand for performance for the full amount remains. - FY2025MitigatedAnnual report
「Completion guarantee exposure (our share) ¥142,425 million ¥110,272 million」
Our share of completion guarantee exposure for the Nghi Son refinery decreased from ¥142,425 million to ¥110,272 million. However, the possibility of a demand for performance for the full amount remains. - FY2025-H1MitigatedAnnual report
「Completion guarantee exposure (our share) ¥142,425 million ¥119,818 million Depending on future changes in circumstances, the lending banks may demand performance under the guarantee for the full amount of our share of guarantee exposure.」
Our share of completion guarantee exposure for the Nghi Son refinery decreased from ¥142,425 million at the end of the previous fiscal year to ¥119,818 million. However, the possibility of a demand for performance under the guarantee and the impact on our financial position and cash flows if performance is required remain. - FY2024MitigatedAnnual report
「Completion guarantee exposure (our share) ¥144,605 million ¥142,425 million」
Our share of completion guarantee exposure for the Nghi Son refinery decreased from the end of the previous fiscal year. However, the possibility that the lending banks may demand performance for the full amount remains. - FY2024-Q3MitigatedAnnual report
「Completion guarantee exposure (our share) ¥144,605 million ¥133,413 million Depending on future changes in circumstances, the lending banks may demand performance under the guarantee for the full amount of our share of guarantee exposure. If we are required to perform under the guarantee, this may have a material impact on our financial position and cash flows.」
Our share of completion guarantee exposure for the Nghi Son refinery decreased from ¥144,605 million at the end of the previous fiscal year to ¥133,413 million. However, the possibility of a demand for performance under the guarantee and the impact on our financial position and cash flows if performance is required remain. - FY2024-Q2WorsenedAnnual report
「Completion guarantee exposure (our share) ¥144,605 million ¥149,098 million Depending on future changes in circumstances, the lending banks may demand performance under the guarantee for the full amount of our share of guarantee exposure.」
Our share of completion guarantee exposure for the Nghi Son refinery increased from ¥144,605 million at the end of the previous fiscal year to ¥149,098 million. The possibility of a demand for performance under the guarantee remains even after the start of commercial operations. - FY2024-Q1MitigatedAnnual report
「Completion guarantee exposure (our share) ¥144,605 million ¥144,523 million Depending on future changes in circumstances, the lending banks may demand performance under the guarantee for the full amount of our share of guarantee exposure.」
Our share of completion guarantee exposure for the Nghi Son refinery decreased slightly from ¥144,605 million at the end of the previous fiscal year to ¥144,523 million. However, the possibility of a demand for performance under the guarantee remains. - FY2023MitigatedAnnual report
「Completion guarantee exposure (our share) ¥162,806 million ¥144,605 million」
Completion guarantee exposure for the Nghi Son refinery decreased from ¥162,806 million at the end of the previous fiscal year to ¥144,605 million. However, the possibility of a demand for performance under the guarantee remains. - FY2023-Q3MitigatedAnnual report
「Completion guarantee exposure (our share) ¥162,806 million ¥143,706 million. Depending on future changes in circumstances, the lending banks may demand performance under the guarantee for the full amount of our share of guarantee exposure.」
Our share of completion guarantee exposure for the Nghi Son refinery decreased from ¥162,806 million at the end of the previous fiscal year to ¥143,706 million. However, the possibility of a demand for performance under the guarantee remains. - FY2023-Q2WorsenedAnnual report
「Completion guarantee exposure (our share) ¥162,806 million ¥168,954 million. Depending on future changes in circumstances, the lending banks may demand performance under the guarantee for the full amount of our share of guarantee exposure.」
Our share of completion guarantee exposure for the Nghi Son refinery increased from ¥162,806 million at the end of the previous fiscal year to ¥168,954 million. The possibility of a demand for performance under the guarantee remains even after the start of commercial operations. - FY2023-Q1MitigatedAnnual report
「Guarantee exposure (our share) is as follows: previous consolidated fiscal year (31 March 2022), ¥162,806 million; first quarter of the current consolidated fiscal year (30 June 2022), ¥159,468 million.」
Our share of completion guarantee exposure for the Nghi Son refinery decreased from ¥162,806 million at the end of the previous fiscal year to ¥159,468 million. The possibility of a demand for performance under the guarantee remains. - FY2022WorsenedAnnual report
「Completion guarantee exposure (our share) ¥153,428 million ¥162,806 million」
Completion guarantee exposure remains outstanding after the start of commercial operations at the Nghi Son refinery, and our share of guarantee exposure increased from ¥153,428 million at the end of the previous fiscal year to ¥162,806 million. - FY2022-Q3MitigatedAnnual report
「Completion guarantee exposure (our share) ¥153,428 million ¥153,002 million」
The completion guarantee remains outstanding after the start of commercial operations at the Nghi Son refinery, but our share of guarantee exposure decreased from ¥153,428 million at the end of the previous fiscal year to ¥153,002 million. - FY2022-Q2WorsenedAnnual report
「Completion guarantee exposure (our share) ¥153,428 million ¥155,105 million」
Completion guarantee exposure for the Nghi Son refinery increased from ¥153,428 million at the end of the previous fiscal year to ¥155,105 million. Guarantee exposure remains outstanding after the start of commercial operations and has increased from the previous quarter. - FY2022-Q1MitigatedAnnual report
「Completion guarantee exposure (our share) ¥153,428 million ¥153,248 million」
Our share of completion guarantee exposure for the Nghi Son refinery decreased from ¥153,428 million at the end of the previous fiscal year to ¥153,248 million. The guarantee exposure itself remains outstanding. - FY2021MitigatedAnnual report
「Completion guarantee exposure (our share) ¥165,127 million ¥153,428 million」
Following the start of commercial operations at the Nghi Son refinery, our share of completion guarantee exposure decreased from ¥165,127 million at the end of the previous fiscal year to ¥153,428 million. - FY2021-Q3MitigatedAnnual report
「Completion guarantee exposure (our share) ¥165,127 million ¥143,436 million」
Following the start of commercial production at the Nghi Son refinery, our share of completion guarantee exposure decreased from ¥165,127 million at the end of the previous fiscal year to ¥143,436 million. - FY2021-Q2MitigatedAnnual report
「Completion guarantee exposure attributable to the Company 165,127 million yen 153,203 million yen」
After the Nghi Son Refinery began commercial production, the Company's completion guarantee exposure declined from ¥165.127 billion at the end of the previous fiscal year to ¥153.203 billion. - FY2021-Q1MitigatedAnnual report
「Completion guarantee exposure attributable to the Company 165,127 million yen 156,013 million yen」
After the Nghi Son Refinery began commercial production, the Company's completion guarantee exposure declined from ¥165.127 billion at the end of the previous fiscal year to ¥156.013 billion. - FY2020MitigatedAnnual report
「Completion guarantee exposure attributable to the Company / 174,334 million yen / 165,127 million yen」
After the Nghi Son Refinery began commercial production, the Company's completion guarantee exposure declined from ¥174.334 billion at the end of the previous fiscal year to ¥165.127 billion. - FY2020-Q3MitigatedAnnual report
「Completion guarantee exposure attributable to the Company 174,334 million yen 166,235 million yen」
After the Nghi Son Refinery began commercial production, the Company's completion guarantee exposure declined from ¥174.334 billion at the end of the previous fiscal year to ¥166.235 billion. - FY2020-Q2MitigatedAnnual report
「Completion guarantee exposure attributable to the Company / 174,334 million yen / 166,070 million yen」
The Company's completion guarantee exposure for the Nghi Son Refinery project declined from ¥174.334 billion at the end of the previous consolidated fiscal year to ¥166.070 billion. - FY2020-Q1MitigatedAnnual report
「Completion guarantee exposure attributable to the Company / 174,334 million yen / 165,870 million yen」
The Company's completion guarantee exposure for the Nghi Son Refinery project declined from ¥174.334 billion at the end of the previous fiscal year to ¥165.870 billion. - FY2019MitigatedAnnual report
「Construction of the project was completed at the end of April 2017, product shipments began in May 2018, and commercial production began in November of the same year.」
The project reached completion of construction, the start of product shipments and the start of commercial production, reducing completion and operating risks. Completion guarantee exposure of ¥174,334 million remains. - FY2019-Q3MitigatedAnnual report
「Completion guarantee exposure attributable to the Company / Previous consolidated fiscal year (31 March 2018) 164,576 million yen / Third quarter of the current consolidated fiscal year (31 December 2018) 174,349 million yen」
The guarantee exposure remained after the Nghi Son Refinery began commercial operations, but declined from ¥180,559 million at the end of the previous quarter to ¥174,349 million. - FY2019-Q2WorsenedAnnual report
「Completion guarantee exposure attributable to the Company / Previous consolidated fiscal year (31 March 2018) 164,576 million yen / Second quarter of the current consolidated fiscal year (30 September 2018) 180,559 million yen」
The Company's completion guarantee exposure for the Nghi Son Refinery project increased from ¥164.576 billion at the end of the previous fiscal year to ¥180.559 billion. - FY2019-Q1WorsenedAnnual report
「Completion guarantee exposure attributable to the Company Previous consolidated fiscal year (31 March 2018) 164,576 million yen First quarter of the current consolidated fiscal year (30 June 2018) 175,742 million yen」
The Company's completion guarantee exposure for the Nghi Son Refinery project increased from ¥164.576 billion at the end of the previous fiscal year to ¥175.742 billion. - FY2018WorsenedAnnual report
「Construction of the project was completed at the end of April 2017, and product shipments began in May 2018. … The completion guarantee exposure attributable to the Company was as follows. … ¥164,576 million」
The project progressed with completion of construction and the start of product shipments, but the Company's completion guarantee exposure increased from ¥148,961 million at the end of the previous fiscal year to ¥164,576 million. - FY2018-Q3WorsenedAnnual report
「Completion guarantee exposure attributable to the Company / Previous consolidated fiscal year (31 March 2017) 148,961 million yen / Third quarter of the current consolidated fiscal year (31 December 2017) 169,696 million yen」
The Company's completion guarantee exposure for the Nghi Son Refinery project increased from ¥148.961 billion at the end of the previous fiscal year to ¥169.696 billion. - FY2018-Q2WorsenedAnnual report
「Completion guarantee exposure attributable to the Company / Previous consolidated fiscal year (31 March 2017) 148,961 million yen / Second quarter of the current consolidated fiscal year (30 September 2017) 162,348 million yen」
The Company's completion guarantee exposure for the Nghi Son Refinery project increased from ¥148.961 billion at the end of the previous consolidated fiscal year to ¥162.348 billion. - FY2018-Q1WorsenedAnnual report
「Completion guarantee exposure attributable to the Company / Previous consolidated fiscal year (31 March 2017) 148,961 million yen / First quarter of the current consolidated fiscal year (30 June 2017) 158,002 million yen」
The Company's completion guarantee exposure for the Nghi Son Refinery project increased from ¥148.961 billion at the end of the previous fiscal year to ¥158.002 billion. - FY2017MitigatedAnnual report
「Construction of this project was completed at the end of April 2017, and the Company aims to commence commercial production during fiscal 2017.」
Completion of construction at the Nghi Son Refinery reduced completion risk, but operation under certain conditions and the start of commercial production remained future targets. - FY2017-Q3WorsenedAnnual report
「Completion guarantee exposure attributable to the Company / Previous consolidated fiscal year (31 March 2016) 132,004 million yen / Third quarter of the current consolidated fiscal year (31 December 2016) 151,808 million yen」
The Company's completion guarantee exposure for the Nghi Son Refinery project increased from ¥125,874 million at the end of the previous quarter and ¥132,004 million at the previous year-end to ¥151,808 million. - FY2017-Q2MitigatedAnnual report
「Completion guarantee exposure attributable to the Company / Previous consolidated fiscal year (31 March 2016) 132,004 million yen / Second quarter of the current consolidated fiscal year (30 September 2016) 125,874 million yen」
The Company's completion guarantee exposure for the Nghi Son Refinery project declined from ¥127,018 million at the end of the previous quarter to ¥125,874 million. - FY2017-Q1MitigatedAnnual report
「Completion guarantee exposure attributable to the Company / Previous consolidated fiscal year (31 March 2016) 132,004 million yen / First quarter of the current consolidated fiscal year (30 June 2016) 127,018 million yen」
The Company's completion guarantee exposure for the Nghi Son Refinery project declined by approximately ¥4.986 billion. This does not state that completion and operation of the project have become certain. - FY2016First statedAnnual report
「The group has provided the lending banks with guarantees through completion of construction for 35.1% of the project financing raised, corresponding to the group's equity interest in NSRP. If construction is not completed as planned, or if the facilities cannot operate under certain conditions after construction is completed, the group's financial position and operating results may be affected if the guarantees are called.」
The group's completion guarantee exposure amounted to ¥132.004 billion at year-end, up from ¥83.828 billion in the previous year.