Idemitsu Kosan Co.,Ltd. [5019.T]
TOKYO, May 12 (Pulse News Wire) – Idemitsu Kosan CO.,LTD. (5019.T) announced today that its board of directors has approved a new mid-term plan covering fiscal years 2026 through 2030.
The plan focuses on enhancing profitability and addressing environmental challenges while maintaining a commitment to carbon neutrality. Under the new strategy, Idemitsu aims to achieve a targeted return on equity (ROE) of 12% by 2028 and 13% by 2030, excluding financial expenses. Key initiatives include strengthening existing businesses, expanding growth areas such as electrification and overseas markets, and pursuing low-carbon solutions. The company also plans to invest ¥1.80 trillion over the next five years to support these goals.
In addition, Idemitsu committed to maintaining a total payout ratio of more than 50% based on earnings before inventory impact, with an initial annual dividend of ¥36. The firm will introduce progressive dividends tied to performance to ensure stable returns to shareholders. Regarding sustainability, the company revised its greenhouse gas reduction targets to cut CO₂ emissions by 30 to 46% percent compared to 2013 levels by 2030 and reduce carbon intensity by 20 to 50% percent by 2040 relative to 2020 levels. Furthermore, Idemitsu decided to adopt International Financial Reporting Standards (IFRS) on a voluntary basis to improve international comparability and accounting consistency.
The company will begin disclosing quarterly results according to IFRS starting in August 2026.
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