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Showa Shell Sekiyu KK (5002.T)

5002.T on Tokyo Stock Exchange

1,505JPY
26 Apr 2018
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Mon, Apr 2 2018

Japan's Showa Shell sees Q2 crude refining down 1 pct y/y

TOKYO, April 2 Japan's Showa Shell Sekiyu KK said on Monday its group refineries would refine 1 percent less crude for the local market in April-June compared with a year ago, in line with their outlook for domestic demand.

Japan's Idemitsu, Showa Shell to combine crude loading programmes

* Japanese oil refiners Idemitsu Kosan and Showa Shell Sekiyu have started work to integrate the so-called loading programmes through which they purchase crude, Idemitsu's CEO said

Japan's Idemitsu, Showa Shell see around $70 mln in cost savings by March

* Japanese refiners Idemitsu Kosan and Showa Shell Sekiyu said on Friday they expect to cost cuts by 8 billion yen ($71 million) in the first year of their business alliance that started last April

UPDATE 2-Japan's Idemitsu, Showa Shell to merge key operations next spring

* Merger plan opposed by Idemitsu's founding family (Adds comment, detail)

UPDATE 1-Founding family ups stake in Idemitsu to over 28 pct

* Descendants of founder opposed to takeover of Showa Shell (Adds details)

Founding family ups stake in Idemitsu to over 28 pct

* Descendants of founder still opposed to Showa Shell takeover (Adds comment, detail)

BRIEF- Founding family ups stake in Idemitsu to over 28 pct

* Founding family of Idemitsu Kosan has increased stake in Idemitsu to above 28 percent by buying shares, lawyer representing family says

BRIEF-Daodaoquan Grain and Oil sees FY 2017 net profit down 20 pct to up 20 pct

* Sees FY 2017 net profit to decrease by 20 percent to increase by 20 percent, or to be 164.6 million yuan to 246.9 million yuan

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