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Nippon Oil Corp.

Nippon Oil Corp. is a Japan company, located in Tokyo. more detail is as below.

Company Information

  • Company Name: Nippon Oil Corp.
  • Country: Japan
  • Address: Tokyo
  • International Area Code: 81
  • Phone: 81-3-3502-1131
  • Fax: 81-3-3502-9352
  • Contact: Shinji Nishio
  • Website:
  • Product List: Lubricants, Petrochemicals, Liquid Crystal Film, Tu Cloth, Tow Prepreg
  • Category Activities: Lubricants, Petrochemicals, Liquid Crystal Film, Tu Cloth, Tow Prepreg
  • Type: Manufacturers
  • Profile: The Nippon Oil Group Is Aiming To Achieve Its Basic Strategy Of Becoming An Integrated Energy Company By The End Of Fiscal 2010, Ending March 31, 2011. Working To Realize These Goals, We Formulated Our Third Medium-term Consolidated Management Plan, Which Positions The Three-year Period From Fiscal 2005 To Fiscal 2007 As A Time When We Build A Solid Foundation For Our Business. We Are Executing A Range Of Initiatives To Achieve The Aims Of The Plan. The Group's Operating Environment Is Undergoing Significant Change, Including Increasingly Fierce International Competition For Resources And Declining Demand For Petroleum Products In Japan. Seeing This Change As An Opportunity, We Are Aiming To Build A Business Model Capable Of Sustaining Growth While Further Enhancing Corporate Value. In The Fiscal Year Under Review, The Second Year Of The Third Medium-term Consolidated Management Plan, The Group Posted Consolidated Net Sales Of ¥6,624.3 Billion, An Increase Of 8.3% On The Previous Fiscal Year. Consolidated Ordinary Income Fell ¥122.5 Billion To ¥186.6 Billion. This Mainly Reflected The Negative Impact Of The Inventory Valuation Factor, Which Had Significantly Boosted Ordinary Income In The Previous Fiscal Year. Inventory Valuation Using The Gross Average Method Affects The Cost Of Goods Sold Due To Fluctuations In Crude Oil Prices. Excluding This Factor, Consolidated Ordinary Income Actually Increased ¥53.1 Billion Year On Year, To ¥195.8 Billion. This Was Achieved Because Higher Income From The E&p And Petrochemicals Businesses, Areas We Are Focusing On In Particular As A Pillar Of Our Growth Strategy, More Than Offset Lower Sales Volumes For Petroleum Products Caused By A Record Warm Winter And The Growing Shift To Different Types Of Fuels By End-users. Roe Was Down 10.1 Percentage Points At 5.9%, Or 0.2 Percentage Points Lower At 6.4% Excluding The Inventory Valuation Factor. As Part Of The Third Medium-term Consolidated Management Plan, We Reviewed The Past Level Of Dividends And Set A Target For The Annual Dividend Of ¥12 Per Share. Accordingly, The Dividend Applicable To The Fiscal Year Under Review Is Unchanged From The Previous In April 2006, We Updated Our Philosophy, Comprising The Group Philosophy, Six Values We Respect And Standards Of Conduct. As A Result, We Created The New Group Philosophy: "creating The Energy Future And Promoting Prosperity And Harmony With Nature." This Emphasizes The Concepts Of Responsibility For The Future Of Energy And Achieving Harmony With The Global Environment. Diligently Applying This Philosophy In Practice To Steadily Fulfill Our Responsibilities To Society Will Play A Significant Role In Boosting The Group's Corporate Value.
  • Area: Tokyo
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