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An update from Idemitsu Kosan Co ( (JP:5019) ) is now available.
Idemitsu Kosan Co., Ltd. has announced a tender offer to acquire additional shares of Fuji Oil Company, Ltd., aiming to increase its ownership and eventually delist the company from the Tokyo Stock Exchange. This strategic move is intended to strengthen Idemitsu’s position in the oil refining market, ensuring stable crude oil supply and enhancing corporate value through a sustainable relationship with key stakeholders, including the Government of Saudi Arabia.
The most recent analyst rating on (JP:5019) stock is a Hold with a Yen1100.00 price target. To see the full list of analyst forecasts on Idemitsu Kosan Co stock, see the JP:5019 Stock Forecast page.
More about Idemitsu Kosan Co
Idemitsu Kosan Co., Ltd. operates in the energy sector, primarily focusing on oil refining and sales. The company is a significant player in the industry, with a market focus on maintaining stable crude oil supply and enhancing its energy business operations.
Average Trading Volume: 4,688,530
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen1277.9B
For an in-depth examination of 5019 stock, go to TipRanks’ Overview page.