AOC Holdings, Inc. merged with its core operating business Fuji Oil Company, Ltd. on October 1, 2013. Marking a new start under this reconfigured operating structure, the company changed its name from AOC Holdings to Fuji Oil Company.
The merger means we will transition from being a pure holding company to an operating company focused on crude oil refining and petroleum product sales. Guided by a new Corporate Philosophy and Group Management Policy, the new Fuji Oil Company will be devoted to conducting its own operations as the core company in the Group and play a key role in driving forward the development of the Group as a whole. Group companies will also redouble their efforts to boost management efficiency and profitability and enhance their competitiveness, while aiming to deliver sustained growth by preempting changes in the operating environment.
I look forward to your continued support as we embark on a new chapter in the Group’s history.
Fuji Oil Company, Ltd.
June 26, 2014