JXTG deficit of more than 180 billion yen Impact of crude oil price plunge 2:21 on May 21
JXTG Holdings, the largest oil seller, has significantly deteriorated due to the sharp drop in crude oil prices due to the spread of new coronavirus infections, and the final profit and loss was over 180 billion yen in the year ended March. Was in the red.
According to the announcement by JXTG Holdings for one year until March, sales were 10,011.7 billion yen, a 10% decrease from the previous year, and the final loss was 187.9 billion yen.
This is due to factors such as a decline in sales of aircraft fuel and gasoline due to the spread of the new coronavirus infection, and a drop in valuation of inventory due to a sharp drop in global crude oil prices.
It is the first time that the final profit or loss has been in the red for the one-year settlement since the current company was established three years ago through business integration.
President Tsutomu Sugimori said at a press conference, "It is a big issue whether demand for gasoline and aviation fuel will return to the level before the spread of the new coronavirus infection, and we would like to pay close attention to the situation."
JXTG Holdings will change its company name to "ENEOS Holdings" next month.
On the 20th, the company's subsidiary, JXTG Energy President Katsuyuki Ota, announced the next month's personnel appointments to become president of ENEOS Holdings. The current President Sugimori will be appointed chairman.