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 changing rapidly due to Russia's invasion of Ukraine and the growing tension in the Middle East. The business environment is becoming increasingly challenging due to a decline in domestic demand for petroleum products and the acceleration of moves toward a carbon neutral society in 2050.

 

Against this backdrop, we have set a long-term management orientation for 2050 and formulated the third Medium-Term Business Plan in May 2021. Fiscal 2024 marks the final year of the third Medium-Term Business Plan, and is the year of finishing of the Medium-Term Business Plan. The plan's basic policies are to further strengthen the foundations of the petroleum refining business and strengthen efforts toward a carbon-free society.

 

In April 2024, Fuji Oil Co, Ltd. and Idemitsu Kosan Co., Ltd. signed an agreement on a capital and business alliance with the aim of deepening collaboration in the fuel oil business and promoting initiatives for future decarbonization. We will continue to make efforts to strengthen the competitiveness of the petroleum refining business and to realize a carbon neutral society.

 

We would like to ask for your continued support and encouragement as we go forward.

 

 

Fuji Oil Company, Ltd.
June 2024