We would like to express our gratitude for your continued support for the Fuji Oil Group's activities.
Our mission is to play a part in the social infrastructure that supports people's lives by flexibly producing various petroleum products such as gasoline, kerosene, and gas oil and contributing to the stable supply of energy.
In order to realize that mission, we aim to be a company that is widely accepted and is in harmony with society by continuing daily safe and stable operations and conducting business activities that consider the global environment.
At the same time, we will make further efforts to maintain a work environment in which each and every employee, who plays a part in the mission, can fully demonstrate their abilities.
The business environment surrounding us is undergoing rapid change due to heightened geopolitical risks and political instability in various parts of the world.
In addition, domestic demand for petroleum products has declined due to factors such as the declining birthrate and aging population and the widespread use of hybrid cars, and the 2050 carbon neutral society has become increasingly challenging.
Against this backdrop, the third Medium-Term Business Plan we formulated in May 2021 ended in fiscal 2024.The third Medium-Term Business Plan's basic policies are to further strengthen the foundations of its petroleum refining business and to strengthen initiatives aimed at achieving a decarbonisation society. To this end, we have promoted initiatives that contribute to enhancing corporate value, such as enhancing Sodegaura Refinery's competitiveness, promoting investment in energy conservation, and considering new businesses.With regard to the next medium-term business plan, we will proceed with the formulation so that we can disclose the factors that are greatly related to our profitability and future strategy at an early stage, while assessing their impact and progress.
In addition, in April 2024, Idemitsu Kosan Co., Ltd. and we signed an agreement on a capital and business alliance, and we are considering the possibility of various collaborations.
Through this capital and business alliance, we will continue to make efforts to strengthen the competitiveness of the petroleum refining business and to realize a carbon neutral society.
Based on our corporate philosophy stated below, we will strive to ensure the safe and stable operation of Sodegaura Refinery, which is a top-class domestic competitor, and further refine its competitiveness with the aim of increasing the corporate value of our group and achieving sustainable development.
We would like to ask for your continued support and encouragement as we go forward.
Fuji Oil Company, Ltd.
June 2025