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Idemitsu Kosan

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682: 945: 430: 34: 576: 240: 46: 1226: 744:, the fifth-largest oil wholesaler in Japan. The transaction was opposed by the founding Idemitsu family for several reasons, reportedly including ongoing friction between the family and Tembo's management team, cultural differences between the two companies, geopolitical issues (Idemitsu being a major importer of Iranian oil while Showa Shell would remain partly owned by 564:. In the 1960s, Idemitsu imported crude oil from Russia. Again, it got a good price at 40% below market value but angered the United States who decided to boycott Idemitsu when buying fuel for its military jets in Japan. Idemitsu called the boycott "an odd Christmas gift" but "utterly negligible." In 1978 it broke off contracts with the Soviet Union. 713:. The oil industry was too large and many companies merged. At the turn of the century, Idemitsu Kosan was the only major oil refining company in Japan that had not merged. The company was entirely held by the Idemitsu family and company employees. In 1994, Unioil became the exclusive distributor of Idemitsu products in the 689:
By 1997 Idemitsu was the largest seller of fuel oil in Japan, due largely to capital investments by president Shosuke Idemitsu during the 1980s and early 1990s. However, these investments left the company deeply in debt with a speculative credit rating. Akihiko Tembo, the first president from outside
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Japanese import restrictions on oil once again came under debate. As in 1962, Idemitsu favored opening up to foreign competition, in opposition to most of the Japanese oil industry. The Japanese government eventually settled on a compromise that would slowly open for free importation and remove
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which was set up by MITI to restrict production and Idemitsu even left the organization. In 1965 the seamen's union went on strike, the first of its kind in Japan. This led to petroleum shortages. Idemitsu then ignored the quotas and produced at full speed. When the price control and production
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Idemitsu Petrochemical runs two petrochemical plants in Chiba and Tokuyama. It produces a variety of basic chemicals supplied to chemical industries, in Japan and abroad. In Europe it markets through Idemitsu Chemicals Europe PLC. Basic chemicals produced includes
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There are 30 operating refineries in Japan with total capacity of 4.83 million barrels per day (768,000 m/d), giving Idemitsu Kosan a 13% share of the refining capacity. The company claims between 14% and 34% market share for different products.
560:). Idemitsu managed to buy the oil at 30% below market price and displeased the British. This was popular with the Japanese public but got Idemitsu in conflict with the Japanese government and MITI. Later the same year was the 572:
quotas were removed in 1966, Idemitsu rejoined the PAJ. To please the MITI, Sazō Idemitsu's younger brother Keisuke Idemitsu took over as company president, while Sazō became chairman of the board, keeping the actual control.
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would supply Idemitsu Kosan with 40,000 barrels per day (6,400 m/d) of petroleum products. Tokuyama Refinery was shut down in 2014 as scheduled, in conjunction to the Hokkaido Refinery gaining an increase in oil supply.
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the founding family, instituted several reforms to alleviate the company's finances, including cutting retroactive discounts offered to distributors. Tembo also merged parts of the company's operations with
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opened in 1957. This was followed by the Chiba oil refinery in 1963, Hyogo oil refinery in 1970, the Hokkaido oil refinery in 1973, and the Aichi oil refinery in 1975.
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strategy of controlling the whole supply chain with more tankers and opening petrol depots and warehouses. In 1976 it started drilling for oil and gas in the offshore
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Following a 2009 cross-licensing agreement between LG Display Co., Ltd. and Idemitsu Kosan's OLED materials business, Idemitsu Kosan purchased a 32.73% stake in
706: 623: 1130: 1538: 1895: 2197: 877: 1588: 2198:"Idemitsu Kosan Co., Ltd. and Universal Display Corporation Announce Collaboration to Accelerate Development of Blue Phosphorescent OLED Materials" 867: 853: 599:). Commercial production began in 1984. Idemitsu took interest in foreign oil fields, and in 1987 it started an oil field in southeast Turkey with 1971: 2531: 1046:
business in December 2009 and created Global OLED Technology to administer and develop a portfolio of 2,200 patents based on Kodak research.
932:. Idemitsu Kosan owns a 35.1% stake in the $ 6 billion, 200,000 barrels per day (32,000 m/d) refinery. Idemitsu has opened an office in 681: 126: 505: 2305: 588: 1624: 2526: 2328: 1110:. The factory will likely be placed in North America, China or Southeast Asia, where the raw materials are available for a low price. 2072: 2117: 1993: 1909: 2022: 1840: 2172: 1787: 1491: 1278: 2551: 2521: 2417: 705:, as well as a lubricant factory in the United States. Oil industry deregulation took big leaps with the abolishment of the 480:
in 1932 the oil trade became government controlled and Idemitsu was forced to scale back. Instead he went into transport by
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A subsidiary, Idemitsu Alaska Inc., held the original permit for the Wishbone Hill coal mine in south-central
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technology in the 1980s, culminating in the development of a practical full-color LED display introduced by
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and self-service pumps became legal. Toward the end of the 1990s, the demand in Japan decreased due to the
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and the Research Institute of Innovative Technology for the Earth for converting rice straw and weeds to
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As a means of diversifying its business in the wake of global oil shocks, Idemitsu began development of
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and is considering using the refinery as a base for expanding into Vietnam and surrounding countries.
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The daughter company Idemitsu Oil & Gas Co., Ltd. produces about 30,000 barrels (4,800 m) of
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In 1992 Idemitsu Kosan began constructing oil platforms in the North Sea (not the pictured platform).
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for the Japanese market at Idemitsu's Chiba plant. Idemitsu also produces some medical drugs.
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Idemitsu was quick to open self-service gas stations when it was allowed in Japan in 1998.
8: 1145: 881: 662: 658: 2121: 1997: 1394: 1311: 1014:, Idemitsu's first product is a major area. It also produces fluorescent materials for 929: 893: 793: 741: 592: 365: 357: 1921: 1337: 1080: 2468: 2329:"Kodak selling OLED display business to LG, cross-licensing like there's no tomorrow" 1889: 1472: 1204: 1186: 1170: 909: 843: 701:
In the 1990s, Idemitsu began opening service stations outside Japan, in Portugal and
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helped Idemitsu against foreign competition in Japan, but also made owning its own
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The company owns four coal mines in Australia producing 10 million tons per year.
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The company diversified into coal, importing from Australia and bought mines in
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and in Australia, as well as participating in oil drilling around the world.
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monomer. It is also a supplier of plastics for uses such as CD pressing and
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had recently nationalized the oil fields and was under British-led embargo (
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In 2016, Idemitsu management announced plans to merge the company with
670: 622:. It became the largest coal mining company in Japan and developed the 509: 481: 411: 369: 130: 64: 1570:. Russian Economic News, via Europe Intelligence Wire. 21 October 2002 2465:"Japan's Idemitsu Kosan, Mitsubishi to mass produce non-food biofuel" 1011: 982: 978: 773: 765: 517: 442: 2240:"LG Display Forms Strategic Alliance with Idemitsu Kosan for AMOLED" 1172: 376:
100 index (instead, it is a constituent of the TOPIX Mid400 index).
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in the late 1990s. Idemitsu's technology was eventually adapted by
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subsidiary). The company extended through northern China and into
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Idemitsu is the second largest petroleum refiner in Japan, after
2298:"Idemitsu Kosan acquires stake in LG Group OLED patent business" 2472: 1814:"Russian-Backed Group Says Vietnam Oil Discovery Is Commercial" 1056: 970: 957: 769: 639: 635: 470: 450: 45: 2273:"Idemitsu Kosan has bought 32% in LG's Global OLED Technology" 1649: 500:
After the war Idemitsu Kosan lost its overseas trade with the
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was a major customer of lubricant. A branch was opened in
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brands; the Shell brand being used under the license of
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can produce up to 997,000 tonnes of ethylene per year.
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refineries were closed in 2003 after an agreement that
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After success in Japan, Idemitsu & Co. expanded to
422:. He expanded to selling fuel oil for fishing boats in 1366:"Idemitsu Raises 109.4 Billion Yen in Oil Refiner IPO" 1059:, from 1991 to 1995. The permit is currently held by 752:
which was simultaneously planning its own merger with
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is a Japanese petroleum company. It owns and operates
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Non-renewable resource companies established in 1911
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made Idemitsu's non-oil operations less profitable.
908:As of 2008 Idemitsu Kosan is planning to build the 768:per day. The primary sources is Idemitsus stake in 2418:"Usibelli Coal Mine - Coal: Wishbone Hill Project" 1696:"Idemitsu, Showa Shell to partner in oil refining" 2200:. Business Wire (press release). 13 December 2006 2094:"Idemitsu Kosan - Company Description - Hoover's" 1068:It participates in a uranium mine development in 2513: 2065:"Petrovietnam could sell 30 pct refinery stakes" 1894:: CS1 maint: bot: original URL status unknown ( 1877:. Archived from the original on January 16, 2007 1114: 1390:"Global 500 2008: Industry: Petroleum Refining" 1255: 1168: 1143: 492:the government took control of all industries. 401: 372:index; however, it is not a constituent of the 306: 19:"Idemitsu" redirects here. For other uses, see 2404:"Feds scold state on Usibelli permit renewals" 2044:"Idemitsu Kosan to Open New Office in Vietnam" 1994:"Market Share - Company info - Idemitsu Kosan" 1470:, Vol. 49. St. James Press, 2003 as quoted on 1249: 1160: 1135: 1038:in June 2010. For $ 100 million, LG purchased 1018:displays. A joint venture with German company 759: 395: 300: 80: 2267: 2265: 2021:. SteelGuru. 11 November 2008. Archived from 1865: 1863: 1861: 1969:Asia-Pacific Economic Update 2005 Volume III 1948:International Directory of Company Histories 1517: 1515: 1513: 1511: 1509: 1507: 1468:International Directory of Company Histories 1421:"Constituent Changes TOPIX New Index Series" 506:Ministry of International Trade and Industry 1835: 1833: 1281:. Idemitsu official website. Archived from 822:Vietnam Oil & Gas Group (Petro Vietnam) 567:The company also came in conflict with the 2262: 2167: 2165: 2163: 1858: 1841:"Business - Company info - Idemitsu Kosan" 784:has been followed by several more. In the 44: 32: 2173:"Outline - Company info - Idemitsu Kosan" 2141: 1942:Doorley, Michael; Salamie, David (1992). 1811: 1504: 1301: 1299: 1273: 1271: 963: 445:(China) in 1914 where the Japanese-owned 325:, produces and sells petroleum, oils and 1830: 1790:. Idemitsu Oil & Gas. Archived from 1531: 1363: 1330: 1029: 943: 680: 676: 574: 552:to purchase oil. Iranian prime minister 428: 2221:. Asian Textile Business. 1 August 2003 2160: 2086: 1749: 1747: 1568:"Japan to resume export of Russian oil" 1127:, where Idemitsu & Co. was started. 1049: 607:. Idemitsu acquired stake in Norwegian 542:In 1953 Idemitsu sent its large tanker 2514: 1918:U.S. Energy Information Administration 1717: 1463: 1461: 1459: 1457: 1455: 1453: 1451: 1449: 1447: 1445: 1359: 1357: 1296: 1268: 884:, 120,000 bbl/d (19,000 m/d) 874:, 160,000 bbl/d (25,000 m/d) 864:, 209,000 bbl/d (33,200 m/d) 1671:"Idemitsu Kosan to go public Oct. 24" 1611: 1609: 1364:Yamanaka, Megumi (October 16, 2006). 735: 384: 2532:Energy companies established in 1911 2462: 2142:Tsukimori, Osamu (4 November 2008). 1744: 948:An Idemitsu service station in Japan 260:(Aramco Overseas Company bv) (7.65%) 1812:Folkmanis, Jason (8 January 2008). 1663: 1442: 1354: 1022:, BASF Idemitsu Co. Ltd., produces 433:Idemitsu supplied lubricant to the 410:in 1911, selling lubricant oil for 13: 2326: 2071:. 13 November 2008. Archived from 1753: 1606: 1279:"Company profile - Idemitsu Kosan" 1193:characters used in TV commercials. 732:(IPO), raising 109.4 billion yen. 14: 2563: 2527:Chemical companies based in Tokyo 2489: 2118:"Petrochemicals - Idemitsu Kosan" 1307:"Global 500 2008: Idemitsu Kosan" 1094:, Idemitsu plans to mass-produce 650:production quotas on refineries. 447:South Manchuria Railroad Co. Ltd. 368:in 2019, is a constituent of the 337:brand and until 2023, in its own 1966:Byrd, Miemie Winn (2005-09-07). 1920:. September 2008. Archived from 1224: 1123:, two art museums, in Tokyo and 239: 238: 2463:Seki, Yasuhiko (19 June 2008). 2456: 2435: 2410: 2396: 2371: 2346: 2320: 2290: 2232: 2211: 2190: 2135: 2110: 2057: 2036: 2011: 1986: 1960: 1935: 1902: 1805: 1780: 1767:United States Geological Survey 1688: 1638: 1581: 1560: 1545:. July 13, 1962. Archived from 839:Idemitsu owns four refineries: 308:Idemitsu Kōsan kabushiki gaisha 97:Idemitsu Kōsan kabushiki gaisha 1875:Petroleum Association of Japan 1413: 1382: 1243: 1102:, using a method developed by 918:Kuwait Petroleum International 720:In 2006 Idemitsu Kosan became 626:for small users. It worked on 569:Petroleum Association of Japan 495: 478:Japanese invasion of Manchuria 1: 1981:United States Pacific Command 1236: 1115:Advertisement and sponsorship 616:Muswellbrook, New South Wales 508:(MITI) and cut its ties with 2552:1911 establishments in Japan 2522:Oil companies based in Tokyo 1702:. 2017-03-28. Archived from 1623:. 2016-03-08. Archived from 1212:IMSA Idemitsu Mazda MX-5 Cup 1087:which then drives a turbine. 1044:organic light emitting diode 939: 535:important. Idemitsu's first 329:products, and also operates 7: 1256: 1217: 1169: 1144: 834: 760:Oil extraction and shipping 748:), and pressure from rival 512:. Idemitsu began importing 402: 307: 10: 2568: 2383:Global OLED Technology LLC 2358:Global OLED Technology LLC 1754:Wu, John C. (March 2008). 1036:Global OLED Technology LLC 750:JX Nippon Oil & Energy 583:The company continued its 502:Allied occupation of Japan 392:founded Idemitsu & Co. 379: 18: 16:Japanese petroleum company 2537:Automotive fuel retailers 2302:The OSA Direct Newsletter 1250: 1161: 1136: 920:, Vietnamese state-owned 780:). The first and largest 459:Asiatic Petroleum Company 396: 301: 277: 267: 247: 234: 207: 187: 175: 165: 147: 137: 114: 101: 88: 81: 74: 62: 43: 31: 21:Idemitsu (disambiguation) 1944:"Nippon Oil Corporation" 1675:Kyodo News International 1648:. Unioil. Archived from 1522:Idemitsu Kōsan Co., Ltd. 1061:Usibelli Coal Mine, Inc. 952:Idemitsu operates 5,250 916:in a joint venture with 562:1953 Iranian coup d'état 296:Idemitsu Kosan Co., Ltd. 254:Idemitsu family (15.72%) 243:US$ 38.58 billion (2014) 38:Wordmark used since 2020 27:Idemitsu Kosan Co., Ltd. 1526:Encyclopædia Britannica 1121:Idemitsu Museum of Arts 1075:Idemitsu is working on 831:for international use. 827:Idemitsu Kosan owns 12 730:initial public offering 435:South Manchuria Railway 153:; 113 years ago 1914:Country Analysis Brief 1763:2006 Minerals Yearbook 1539:"Again the Rising Sun" 1156:Idemitsu Ihatove Trial 1092:Mitsubishi Corporation 964:Petrochemical products 949: 692:Mitsubishi Corporation 686: 644:1985 price drop on oil 580: 438: 311:, stylized in logo as 1871:"Refining Capacities" 1473:"Answers.com article" 1210:Title sponsor of the 1030:Intellectual property 947: 707:Special Petroleum Law 684: 677:1990s and early 2000s 624:coal cartridge system 578: 432: 364:and, since absorbing 1910:"Quick Facts, Japan" 1428:Japan Exchange Group 1231:Companies portal 1131:Idemitsu Music prize 1050:Other energy sources 726:Tokyo Stock Exchange 711:long economic crisis 620:Ebenezer, Queensland 585:vertical integration 362:Tokyo Stock Exchange 179:Otemachi One Tower, 70:Idemitsu Showa Shell 2025:on 23 November 2018 1700:Nikkei Asian Review 1549:on October 26, 2012 1199:, competing in the 663:Samsung Electronics 269:Number of employees 28: 1974:2007-10-29 at the 1395:Fortune Global 500 1312:Fortune Global 500 1197:LCR Honda Idemitsu 950: 930:Dung Quat Refinery 794:Niigata prefecture 772:oil fields in the 742:Showa Shell Sekiyu 736:Showa Shell merger 687: 593:Niigata Prefecture 581: 439: 385:Early 20th century 366:Showa Shell Sekiyu 358:Fortune Global 500 151:June 20, 1911 26: 2469:Thomson Financial 2308:on 1 January 2014 2250:on 1 January 2014 1492:"FundingUniverse" 1205:motorcycle racing 1187:Ultra Idemitsujin 956:, many under the 910:Nghi Son Refinery 878:Tokuyama Refinery 844:Hokkaido Refinery 554:Mohammed Mosaddeq 537:Tokuyama Refinery 347:Royal Dutch Shell 293: 292: 2559: 2508: 2500: 2483: 2482: 2480: 2479: 2460: 2454: 2453: 2451: 2450: 2439: 2433: 2432: 2430: 2429: 2420:. 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Index

Idemitsu (disambiguation)


Ōtemachi
Chiyoda, Tokyo
Trade name
Romanized
Public
KK
Traded as
TYO
5019
Nikkei 225
Oil and gas
Sazō Idemitsu
Chiyoda, Tokyo
Petrochemical
Fuel
Saudi Aramco
www.idemitsu.com
oil platforms
refineries
petrochemical
gas stations
Royal Dutch Shell
Eneos
Fortune Global 500
Tokyo Stock Exchange
Showa Shell Sekiyu
Nikkei 225

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