Q3 2021 Idemitsu Kosan Co Ltd Earnings Presentation Transcript
My name is Sakai. I would like to explain our financial results using our presentation materials.
The first slide is a summary of our financial results. Segment profits in the third quarter of financial year 2020 decreased by JPY 74.1 billion year-on-year to JPY 13.4 billion. The significant remaining inventory impact losses of JPY 59.4 billion were a major factor in the year-on-year decrease. Profit, excluding inventory impact, decreased by JPY 23.9 billion year-on-year to JPY 72.8 billion due to reduced income from the resources segment, among other factors. We also reported a significant year-on-year decrease in net income to a net loss of JPY 7.5 billion.
This slide shows our forecast for the fiscal year. This time, we revised our crude oil price assumption
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