Full Year 2020 JXTG Holdings Inc Earnings Presentation Transcript

May 20, 2020 / NTS GMT

Release Date Price: €3.34 (+3.09%)

Transcript

Tsutomu Sugimori

JXTG Holdings, Inc. - President & Representative Director

I am Sugimori, President of JXTG Holdings. I'd like to express my gratitude for the support and advice provided regularly by shareholders and investors for the business of JXTG Group. Now let me start explanation.

Please refer to Page 2 marked as financial highlights at upper left for the overview of profit and loss in FY 2019. Operating income, excluding inventory valuation, declined JPY 419 billion year-on-year to JPY 96.7 billion. We recognized decreased chemical margins and impairment loss for petroleum products in the fourth quarter as petrochemical margins shrunk from the level at the beginning of the fiscal year and

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