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Idemitsu Kosan Co ( (JP:5019) ) has provided an announcement.
Idemitsu Kosan Co., Ltd. reported its consolidated financial results for the nine months ending December 31, 2024, showcasing a 7.4% increase in net sales to ¥6,876,464 million compared to the previous year. Despite the rise in sales, the company experienced significant declines in operating, ordinary, and net income attributable to owners of the parent by 58.0%, 49.3%, and 46.7% respectively, due to market challenges and restructuring costs. The financial outlook for the fiscal year ending March 31, 2025, has been revised, anticipating a 5.5% increase in net sales but projecting substantial declines in income figures, reflecting the company’s cautious optimism amidst ongoing economic uncertainties.
More about Idemitsu Kosan Co
Idemitsu Kosan Co., Ltd. operates in the oil industry and is listed on the Tokyo Stock Exchange. It primarily focuses on the production and distribution of oil and petrochemical products, serving a diverse market with its comprehensive range of energy solutions.
YTD Price Performance: 2.99%
Average Trading Volume: 1,618
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $9.47B
See more data about 5019 stock on TipRanks’ Stock Analysis page.
