On October 1, 2013, we merged our wholly-owned subsidiary, Fuji Oil Company, Ltd. with and into our company and changed our name from AOC Holdings to Fuji Oil. The Group now trades under the Fuji Oil name.
To mark the start of our new operating structure, we have formulated a new Corporate Philosophy and Group Management Policy that incorporate the management principles and spirit of both AOC Holdings and the former Fuji Oil Company.
Guided by this philosophy and policy, we designate the three-year period from FY2014 to FY2016 as one in which the new FOC will secure a stable revenue base and mark its first step as a newly-born energy company. This medium-term business plan is drawn up as a guidepost to achieve these objectives.
- Ensure stable supplies of energy
- Maintain safety and protect the global environment
- Work for the benefit of all stakeholders
- Create energetic and motivating workplaces
Group Management Policy
- Maximize value for stakeholders
- The Group works together to maximize the corporate value for all its stakeholders: shareholders, clients, employees and the local community.
- Improve transparency of management
- The Group strives to strengthen corporate governance, ensure thorough risk management and compliance, and disclose accurate information on a timely and appropriate basis.
- Maintain stable operations and a solid earnings base
- The Group aims to strengthen and maintain a stable earnings structure, supported by the Sodegaura Refinery with its prime location and advanced processing facilities as well as its solid client base.
- Return profits to shareholders
- The Group works to ensure the stable payment of dividends to shareholders while taking into account a range of factors, such as a sufficient level of internal reserves to support business expansion over the medium- and long-term, earnings performance and the cash balance.
- Challenge for sustained growth
- The Group strives to deliver sustained growth by steadily implementing medium-term business strategies designed to preempt changes in the business environment.
I look forward to your continued support as we embark on a new chapter in the Group’s history.
Fuji Oil Company, Ltd.
President and Representative Director