Fuji Oil Co Ltd (5017.T)
16 Jan 2018
Latest Key Developments (Source: Significant Developments)
Fuji Oil Company, Ltd:Says the company lowered the consolidated full-year outlook for revenue to 433,000 mln yen from 467,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to a loss of 7,000 mln yen from 3,100 mln yen.Sees a decrease of ordinary profit forecast to a loss of 6,700 mln yen from 4,100 mln yen.Sees a decrease of net profit forecast to a loss of 7,100 mln yen from 3,700 mln yen.Sees a decrease of earnings per share to a loss of 92.13 yen from 48.01 yen.Says fluctuation of oil price and exchange rate as main reason for the forecast.Revises year-end dividend forecast to an undetermined value from 6 yen per share, for the fiscal year ending March 31, 2016. Full Article
TOKYO, Jan 9 Japan's Showa Shell Sekiyu KK said late last week that its group refineries would refine 5 percent less crude for the local market in January-March than the same time a year ago, in line with the outlook for domestic demand.