Cosmo Energy Holdings Co Ltd (5021.T)
15 Dec 2017
Latest Key Developments (Source: Significant Developments)
Cosmo Energy Holdings KK:To buy 8.8 pct voting right (1,600,000 shares) in Maruzen Petrochemical, from JNC Corporation and JNC Petrochemical Corporation.Transaction is in late March.To hold 52.7 pct voting right in Maruzen Petrochemical. Full Article
Cosmo Energy Holdings KK:Says the company lowered the consolidated full-year outlook for revenue to 2,262,000 mln yen from 2,465,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to a loss of 19,500 mln yen from 37,000 mln yen.Sees a decrease of ordinary profit forecast to a loss of 29,500 mln yen from 26,000 mln yen.Sees a decrease of net profit forecast to a loss of 27,000 mln yen from 21,000 mln yen.Sees a decrease of earnings per share to a loss of 319.75 yen from 247.92 yen.Says the influence from the low oil price as main reason for the forecast. Full Article
TOKYO, Nov 14 Profits for Japanese oil refiners rose for the latest reporting period as they pushed their plants at the highest rates in 46 years amid high margins and after a government mandated industry consolidation.