Idemitsu Kosan raises its forecast for the current fiscal year on strong overseas business and a revised crude oil price outlook

The story

After the close of trading that day, Idemitsu Kosan revised its consolidated earnings forecast for the fiscal year ending March 2027 upward. It raised its net income forecast from ¥75 billion to ¥295 billion and its dividend forecast from ¥36 to ¥40.

The upward revision reflects strong overseas operations, including fuel oil trading and the resources business. The company also said that incorporating changes to its crude oil price outlook into its earnings forecast had an impact.

At a glance

PeriodRaised its consolidated earnings forecast for the fiscal year ending March 2027

AttendanceRaised net income from ¥75 billion to ¥295 billion

DividendsRaised the dividend forecast from ¥36 to ¥40

FunctionReflecting strong overseas operations and changes to the crude oil price outlook

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