Q3 2019 Idemitsu Kosan Co Ltd Earnings Presentation Transcript

Feb 14, 2019 / 09:00AM GMT

Release Date Price: $8.44

Transcript

Toshiaki Sagishima

Idemitsu Kosan Co.,Ltd. - Director

My name is Sagishima of Idemitsu Kosan. Thank you for your attendance today. I would like to provide an overview of our financial results for the third quarter of fiscal year 2018.

I would like to begin with a summary of our financial results for the third quarter of fiscal year 2018. This slide shows trends in crude oil prices. The red line shows the trend in fiscal year 2018, while the blue line shows the trend in fiscal year 2017.

The average Dubai crude oil price in the third quarter was $71.3 per barrel, representing a year-on-year increase of $18.1 per barrel. On the other hand, prices peaked out in October when the average monthly price was $79.4 per barrel and subsequently fell sharply in November and December.

The crude oil price decreased by $22.1 per barrel during these 2 months

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