Idemitsu Kosan April-June financial results: A loss of 81.3 billion yen, the highest loss on August 6, 19:49
Idemitsu Kosan, a major petroleum seller, settled its financial results for three months until June due to the spread of new coronavirus infections and the decline in crude oil prices and the decline in sales of gasoline, etc. It was a deficit of over 80 billion yen.
Idemitsu Kosan's financial results for the entire group for the three months until June show that sales decreased by 33% from the same period of the previous year to 9828 billion yen, and the final loss was 81.3 billion yen, which was a loss last year. Even before the business integration with Showa Shell Sekiyu, it was the largest deficit ever recorded during this period.
This is because the spread of the new coronavirus spread caused the price of crude oil and petroleum products in stock to fall due to a sharp drop in crude oil prices, and the decline in sales of gasoline and fuel for aircraft.
As for the outlook for business results for the year ending March next year, we are forecasting a final profit of 5 billion yen.
Idemitsu Kosan said, "The demand for fuel has been recovering little by little from June to July, but it is difficult to predict how the demand will recover in the future as the number of people infected with the new coronavirus will increase again in Japan." is.