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Idemitsu Kosan Secures Loan for Oil Reserve Purchase

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Idemitsu Kosan Secures Loan for Oil Reserve Purchase

Confident Investing Starts Here:

Idemitsu Kosan Co ( (JP:5019) ) just unveiled an announcement.

Idemitsu Kosan Co., Ltd. has finalized a loan agreement with financial covenants to purchase an oil reserve, involving a principal amount of 194,335 million yen with a repayment term of one year. The agreement includes financial covenants that could lead to forfeiture of benefits if violated, but the company states there is no particular impact on its future outlook.

More about Idemitsu Kosan Co

Idemitsu Kosan Co., Ltd. operates in the energy sector, primarily focusing on oil and gas products. The company is a significant player in the market, dealing with the production and sale of petroleum products and related services.

YTD Price Performance: -3.95%

Average Trading Volume: 1,000

Technical Sentiment Signal: Sell

Current Market Cap: $8.54B

For a thorough assessment of 5019 stock, go to TipRanks’ Stock Analysis page.

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