Q1 2020 JXTG Holdings Inc Earnings Presentation Transcript

Aug 07, 2019 / 07:00AM GMT

Release Date Price: €3.97 (-0.61%)

Transcript

Tsutomu Sugimori

JXTG Holdings, Inc. - President & Director

Good afternoon. This is Sugimori. Let me take this opportunity to thank our shareholders and the investors for their support and advice on JXTG Group business activities.

Please turn to Slide 2. First of all, for the first quarter of fiscal year 2019, operating income, excluding inventory valuation, was JPY 69 billion, down JPY 116.2 billion year-on-year. The details will be explained later by Mr. Ouchi.

For the first quarter, operating income declined year-on-year. In the Energy business, there was a reversal of the JPY 77 billion gain on sale of the cell culture material business in the previous year, and the petrochemical margin deteriorated due to concerns about softening supply

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