DOCSLIB.ORG

Download Full Data（PDF：7.2MB）

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Download Full Data（PDF：7.2MB） Showa Shell Sekiyu K.K. Corporate Report 2013 Corporate Report 2013 [Year ended December 31, 2012] Powering A New Stage of Growth Showa Shell Sekiyu K.K. Powering a New Stage of Growth The search for an appropriate means of supplying energy into the future is progressing on a global scale, and in Japan energy sources are becoming an ever more common subject of discussion. Calling upon the strength forged over a history spanning 113 years in Japan, the Showa Shell Group has devoted itself to playing a central role in providing a stable supply of energy over the long term. Going forward, we will contribute to shaping the future of energy in accordance with the needs of today’s society. Energy is directly linked to our daily lives and to industrial activity. We are working to create new value by supplying this energy in an optimal and reliable manner while also providing advanced new energy sources that will power the next generation. The Showa Shell Group believes that this is our way toward becoming a global energy solution provider. Philosophy Management Philosophy / Code of Conduct Mindset Oil Business: Become the most profitable refiner in Japan Medium-Term Solar Business: Become a global leader Electric Power Business: Expand business scale and the Business source of power generation Action Plan Fostering seeds for future growth: Develop new products or business models for future growth Foundation HSSE / Compliance To Become the Global Energy Solution Provider that Society and Customers Require 1 Over the past several years, the Showa Shell Group has continued to evolve as it strives to transform into an organization that can lead the industry over the next 50 years. These efforts have started producing results. Looking toward the future, we will take a realistic perspective, without fear of the changing times, as we boldly pursue the creation of new value. We believe that the Showa Shell Group is growing toward the next stage at an accelerated pace. Shigeya Kato Chairman, Representative Director, and Chief Executive Officer (CEO) Management Philosophy Showa Shell Sekiyu K.K. can only achieve a further leap and perpetual growth by constantly making its contribution to society, while secur- ing reasonable profits and constructing a strong management base and sound corporate constitution. With this in mind, we set our corporate creed as follows: 1. We will always endeavor for a breakthrough or technological innovation with a spirit of customer first, and for continual growth of the Company, discharging our social responsibilities, including environmental preservation, a stable supply of energy, and operational safety. 2. We will implement Japanese-style management adaptable to changes at our own discretion and on our own responsibility, while maintaining close relationships with Shell Group companies and cultivating our international business sense. 3. We will aim to achieve our corporate goals and form a group of positive people full of vitality associated with each other through a noble ideal and trust. 4. We will endeavor to improve productivity through an effort calling for everybody participation for thinking and sweating together and construct an affluent future on the base of the Company’s unshakable footing. Code of Conduct We share a set of core values—honesty, integrity, and respect for people. We also firmly believe in the fundamental importance of trust, openness, teamwork, and professionalism, and pride in what we do. Please see our website for the text of our Code of Conduct. http://www.showa-shell.co.jp/english/profile/mp/action.html Editorial Policy The Showa Shell Group’s objective, based on its Management Philosophy, is to collaborate with its various stakeholders to “become the energy solution provider that society and our customers require.” We believe that our corporate social responsibility (CSR) activities are core to ac- complishing this goal. For this reason and to provide a more comprehensive view of the Group’s management and business activities, this report includes non-financial information regarding CSR and other matters along with management policies, strategies, and business conditions. Reporting Period Information contained in this report is based on corporate performance during fiscal 2012 (January 1, 2012, through December 31, 2012). In some cases, the report also describes activities conducted in fiscal 2013. Scope of Reporting In principle, this report covers the 31 consolidated subsidiaries and 13 equity-method affiliates that constituted the Showa Shell Group as of December 31, 2012. In the event that reporting is outside this scope, this fact is indicated. Reference Guidelines for Presentation of Non-Financial Information ISO 26000, International Organization for Standardization: International guidance on social responsibility Global Reporting Initiative (GRI) Sustainability Reporting Guidelines Version 3.0 (G3): International guidelines on corporate sustainability reporting Environmental Reporting Guidelines (2012 version), Ministry of the Environment of Japan Caution Regarding Business Forecasts and Forward-Looking Statements Business forecasts and other forward-looking statements regarding Showa Shell found in this report reflect the management’s assessment based on data available to it at the time the report was published. Readers are cautioned that actual business results may differ materially from these statements due to changes in economic conditions, market trends, exchange rates, and other factors. 2 CONTENTS P4 P12 P24 Profile PROFILE MANAGEMENT REVIEW OF MESSAGE OPERATIONS Management Message 4 Our Value Chain and Strengths 12 Message from the CEO 24 Business Highlights 6 Our History 16 Interview with the COO 26 Oil Business 8 Our Medium-Term Business Action Plan 22 Message from the CFO 34 Energy Solution Business Review of Operations 10 Financial and Non-Financial Highlights 36 Energy Solution Business (Solar Business) 43 Energy Solution Business (Electric Power Business) 45 Research and Development P46 P50 P60 HUMAN RESOURCES HSSE COMMUNITY AND Human Resources SOCIAL CONTRIBUTION ACTIVITIES HSSE 47 Formulation of the Talent Vision 51 HSSE Promotion and Management System 61 Eighth Environmental Photo Contest “Things 48 Creation of a Worker-Friendly 52 Goal Zero Movement to Preserve and Correct around Our Town” Environment 54 Health 62 Major Initiatives in 2012 54 Safety 55 Security 56 The Environment Community and Social Contribution Activities P63 P71 Website CORPORATE FINANCIAL SECTION CSR BOOK 2013 GOVERNANCE AND CORPORATE DATA Corporate Governance CSR Book 2013 Showa Shell Sekiyu K.K. 2013 / 07 / 01 [15:37] 64 Corporate Governance Structure 72 Twelve-Year Summary of Selected Details pertaining to other CSR initia- 65 Outside Directors and Auditors Financial Data Financial Section and tives are described in CSR Book 2013, 66 Executive Remuneration 74 Business Risks Corporate Data 66 Internal Control System 76 Consolidated Financial Statements which is available on our website. 69 Interview with Outside Director 81 Notes to the Consolidated Financial 70 Board of Directors and Corporate Auditors Statements http://www.showa-shell.co.jp/ 95 Independent Auditor’s Report english/csr/index.html 96 Network 98 Major Subsidiaries and Affiliates 99 Investor Information 3 PROFILE Our Value Chain and Strengths We are creating new value by pursuing synergies that exceed the boundaries of individual businesses. Oil Business Procurement Refining We procure crude oil from Our refineries refine crude oil We produce gasoline, diesel oil, oil producing countries. into such products as gasoline, kerosene, heavy fuel oil, lubri- kerosene, diesel oil, heavy fuel oil, cants, asphalt, raw materials for raw materials for petrochemical petrochemical products, liquid products, and LPG. petroleum gas (LPG), and other oil products, and sell these prod- ucts to customers throughout STRENGTH STRENGTH Japan via contract dealers. Flexible crude oil procurement High utilization rate at refiner- leveraging the networks of the ies that are “top class” in Japan Shell Group and Saudi Aramco in terms of competitiveness Transport Raw Material Procurement Energy Solution SOLAR BUSINESS Synergies We procure raw materials for the Business production of CIS thin-film solar modules. In our solar business, under the brand name Solar Frontier, we develop and manufacture CIS thin-film solar modules. In the electric power business, we operate power plants and sell ELECTRIC POWER BUSINESS Power Plant Operation power to customers. We operate power plants that use byproducts from the petroleum refining process as fuel, natural gas-fired power stations built on former facility sites, and solar power plants utilizing CIS thin-film solar modules. Synergies Research and Development and Cultivation of Next-Generation Services Development We continuously develop Showa Shell is developing next- and provide new services. generation products and services to drive future growth. HSSE (Health, Safety, Security, Environment) 4 Profile Management Message Oil Depots Sales Our petroleum products Service stations operated are stored in refinery tanks by our contract dealers and oil depots. and retailers sell our gaso- Customers line, kerosene, diesel oil, and other products to Review of Operations customers. We also sell Plants Distribution industrial fuels, jet and Our plants produce lubricants We distribute our marine fuels, lubricants, General and asphalt. petroleum products asphalt, and LPG through Households throughout Japan
Load more

Recommended publications
  • Negativliste. Fossil Energi
    Bilag 6. Negativliste. Fossil energi Maj 2017 Læsevejledning til negativlisten: Moderselskab / øverste ejer vises med fed skrift til venstre. Med almindelig tekst, indrykket, er de underliggende selskaber, der udsteder aktier og erhvervsobligationer. Det er de underliggende, udstedende selskaber, der er omfattet af negativlisten. Rækkeetiketter Acergy SA SUBSEA 7 Inc Subsea 7 SA Adani Enterprises Ltd Adani Enterprises Ltd Adani Power Ltd Adani Power Ltd Adaro Energy Tbk PT Adaro Energy Tbk PT Adaro Indonesia PT Alam Tri Abadi PT Advantage Oil & Gas Ltd Advantage Oil & Gas Ltd Africa Oil Corp Africa Oil Corp Alpha Natural Resources Inc Alex Energy Inc Alliance Coal Corp Alpha Appalachia Holdings Inc Alpha Appalachia Services Inc Alpha Natural Resource Inc/Old Alpha Natural Resources Inc Alpha Natural Resources LLC Alpha Natural Resources LLC / Alpha Natural Resources Capital Corp Alpha NR Holding Inc Aracoma Coal Co Inc AT Massey Coal Co Inc Bandmill Coal Corp Bandytown Coal Co Belfry Coal Corp Belle Coal Co Inc Ben Creek Coal Co Big Bear Mining Co Big Laurel Mining Corp Black King Mine Development Co Black Mountain Resources LLC Bluff Spur Coal Corp Boone Energy Co Bull Mountain Mining Corp Central Penn Energy Co Inc Central West Virginia Energy Co Clear Fork Coal Co CoalSolv LLC Cobra Natural Resources LLC Crystal Fuels Co Cumberland Resources Corp Dehue Coal Co Delbarton Mining Co Douglas Pocahontas Coal Corp Duchess Coal Co Duncan Fork Coal Co Eagle Energy Inc/US Elk Run Coal Co Inc Exeter Coal Corp Foglesong Energy Co Foundation Coal
    [Show full text]
  • 2005 Annual Report on Form 20-F
    United States Securities and Exchange Commission Washington, D.C. 20549 FORM 20-F Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2005 Commission file number 1-32575 Royal Dutch Shell plc (Exact name of registrant as specified in its charter) England and Wales (Jurisdiction of incorporation or organisation) Carel van Bylandtlaan 30, 2596 HR, The Hague, The Netherlands tel. no: (011 31 70) 377 9111 (Address of principal executive offices) Securities Registered Pursuant to Section 12(b) of the Act Title of Each Class Name of Each Exchange on Which Registered American Depositary Receipts representing Class A ordinary shares of the New York Stock Exchange issuer of an aggregate nominal value €0.07 each American Depositary Receipts representing Class B ordinary shares of the New York Stock Exchange issuer of an aggregate nominal value of €0.07 each Securities Registered Pursuant to Section 12(g) of the Act None Securities For Which There is a Reporting Obligation Pursuant to Section 15(d) of the Act None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report. Outstanding as of December 31, 2005: 3,817,240,213 Class A ordinary shares of the nominal value of €0.07 each. 2,707,858,347 Class B ordinary shares of the nominal value of €0.07 each. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
    [Show full text]
  • Board of Investments F/C Report
    Legislative Audit Division State of Montana Report to the Legislature December 2004 Financial-Compliance Audit For the Two Fiscal Years Ended June 30, 2004 Board of Investments Department of Commerce We performed a financial-compliance audit of the Board of Investments for the two fiscal years ended June 30, 2004. This report contains the audited financial statements and accompanying notes for the two fiscal years 2003-04 and 2002-03. We issued unqualified opinions on the financial statements of the Board of Investments’ Retirement Funds Bond Pool, Trust Funds Bond Pool, Short Term Investment Pool, Montana Domestic Equity Pool, Montana International Equity Pool, Montana Private Equity Pool, All Other Funds, and Enterprise Fund. This report contains two recommendations relating to: Timely Financial Reporting Required Rural and Special Improvement District Bond Report This report also contains a disclosure issue discussing concerns that certain recent INTERCAP loans to state agencies may constitute state debt. Direct comments/inquiries to: Legislative Audit Division Room 160, State Capitol PO Box 201705 04-03 Helena MT 59620-1705 Help eliminate fraud, waste, and abuse in state government. Call the Fraud Hotline at 1-800-222-4446 statewide or 444-4446 in Helena. FINANCIAL-COMPLIANCE AUDITS Financial-compliance audits are conducted by the Legislative Audit Division to determine if an agency’s financial operations are properly conducted, the financial reports are presented fairly, and the agency has complied with applicable laws and regulations. In performing the audit work, the audit staff uses standards set forth by the American Institute of Certified Public Accountants and the United States Government Accountability Office.
    [Show full text]
  • ANNUAL REPORT 2016 Year Ended March 31, 2016 Topics in Fiscal Year 2015
    IDEMITSU KOSAN CO.,LTD. ANNUAL REPORT 2016 Year Ended March 31, 2016 Topics in Fiscal Year 2015 2015 Jun. • Successful appraisal well in the Norwegian Barents Sea Aug. • Completion of Boggabri Coal Mine Expansion Project Oct. • Short-term flow test of exploratory wells for geothermal energy development in Amemasudake area, Hokkaido, Japan • Production capacity increase at the lubricants plant in China Nov. • Idemitsu and Doosan agree to form cooperative partnership in OLED material business • Entered into Memorandum of Understanding with Showa Shell Sekiyu K.K. for the Business Integration 2016 Jan. • Increasing the production capacity for SPS resin XAREC® Feb. • Establishment of Himeji Natural Gas Power Generation Co., Ltd. with Osaka Gas., Ltd. • Opening of first commercial hydrogen station Mar. • Construction begins on one of Japan’s largest geothermal binary power plants • Reached an agreement on financing by subordinated loans Contents 02 Financial Highlights 23 Material Agreements, etc. 04 To Our Stakeholders 24 Corporate Governance 17 Management Philosophy 34 Directors, Audit & Supervisory Board Members and Executive Officers 18 At a Glance 35 Financial Section 20 Research & Development 92 Investor Information Contribute to society with harmony between the economy and the environment by effectively securing and using energy and by developing functional materials. Idemitsu Kosan Co.,Ltd. was founded in Moji, Kita-Kyushu in 1911 under the name Idemitsu Shokai to engage in oil distribution. Since its foundation, Idemitsu has worked hard under the fundamental principle of social contribution through business, always maintaining respect for human beings in carrying out business operations. During its 105-year history, the Company has utilized its expertise globally in a wide range of strategic businesses, such as petroleum products, petrochemical products, oil exploration and production, coal, and other businesses.
    [Show full text]
  • Energy to the World: the Story of Saudi Aramco Volume 2
    ENERGY TO THE WORLD: TO ENERGY ENERGY TO THE WORLD: THE STORY OF SAUDI ARAMCO OF SAUDI THE STORY THE STORY OF SAUDI ARAMCO VOLUME 2 VOLUME 2 VOLUME www.saudiaramco.com J ENERGY TO THE WORLD : VOLUME ONE TITLE K VOLUME TWO Energy to the World The Story of Saudi Aramco II ENERGY TO THE WORLD : VOLUME ONE VOLUME TWO Energy to the World The Story of Saudi Aramco Supertankers load crude oil at Ras Tanura Sea Island Terminal in 2003. Contents Copyright First Edition Volume One Volume Two © 2011 by Aramco Services Company Printed in 2011 Preface xi Illustration: Saudi Arabia viii ISBN All rights reserved. No part of this book Illustration: Saudi Arabia xiv 1 National Resources 1 978-1-882771-23-0 may be reproduced, stored in a retrieval system or transmitted in any form or 1 Prospects 1 2 Boom Time 27 Library of Congress by any means, electronic, mechanical, 2 Negotiations 33 3 Transformation 67 Control Number photocopying, recording or otherwise, 200922694 without the written permission of 3 Reading the Rocks 59 4 Rising to the Challenge 99 Aramco Services Company, except by 4 The War Years 93 5 Achieving the Vision 131 Written by a reviewer, who may quote a brief Scott McMurray passage for review. 5 Expansion 123 Appendix 168 6 Growing Pains 153 A. Upstream 170 Produced by The History Factory 7 Balancing Act 189 B. Downstream 184 Chantilly, Virginia, USA List of Abbreviations 215 C. Operations Data 194 Project Coordinators Notes on Sources 216 Company Leadership 204 Theodore J. Brockish, Kyle L.
    [Show full text]
  • Royal Dutch Shell Plc (Exact Name of Registrant As Specified in Its Charter)
    United States Securities and Exchange Commission Washington, D.C. 20549 FORM 20-F Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2005 Commission file number 1-32575 Royal Dutch Shell plc (Exact name of registrant as specified in its charter) England and Wales (Jurisdiction of incorporation or organisation) Carel van Bylandtlaan 30, 2596 HR, The Hague, The Netherlands tel. no: (011 31 70) 377 9111 (Address of principal executive offices) Securities Registered Pursuant to Section 12(b) of the Act Title of Each Class Name of Each Exchange on Which Registered American Depositary Receipts representing Class A ordinary shares of the New York Stock Exchange issuer of an aggregate nominal value €0.07 each American Depositary Receipts representing Class B ordinary shares of the New York Stock Exchange issuer of an aggregate nominal value of €0.07 each Securities Registered Pursuant to Section 12(g) of the Act None Securities For Which There is a Reporting Obligation Pursuant to Section 15(d) of the Act None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report. Outstanding as of December 31, 2005: 3,817,240,213 Class A ordinary shares of the nominal value of €0.07 each. 2,707,858,347 Class B ordinary shares of the nominal value of €0.07 each. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
    [Show full text]
  • The Shell Report 2004 Meeting the Energy Challenge – Our Progress in Contributing to Sustainable Development Guide to Contents
    The Shell Report 2004 Meeting the energy challenge – our progress in contributing to sustainable development Guide to contents 1 Message from the Group Chief Executive Finding your way around Jeroen van der Veer on our efforts to improve performance Don’t just take our word for it and rebuild trust after a difficult year for Shell. KPMG Accountants N.V. and PricewaterhouseCoopers 2 The year at a glance LLP have carried out assurance work on selected financial, safety and environmental data marked The main events for Shell in 2004. with , and the extraction of selected data from 4 About Shell the audited financial statements. They also reviewed What we do. How we are governed. Sustainable the other information included in this report (see development and our business strategy. pages 30 and 31 for more). Members of the communities affected by our 8 Issues operations and external experts have assessed Our response to the environmental and social issues our performance at key locations (page 30). that most affect our business. These assessments, and other uncensored views, 12 Energy security including a sample of the e-mails sent to ‘Tell Shell’, The energy security aspect of the global energy can be found in the ’What others say’ boxes. challenge and what we are doing to help. What others say 16 Location reports Our efforts to address environmental and social concerns at key locations in Nigeria, the Philippines, Tell us what you think Russia, South Africa and the USA. Share your views at [email protected], write to us (addresses on back cover) or join our forum 24 Performance data discussions at www.shell.com/tellshell.
    [Show full text]
  • Petroleum Fund Annual Report 1999
    34 Holdings of equities at 31 Desember 1999 Europe Market value (NOK) % ownership Market value (NOK) % ownership Austria AUSTRIA TABAK 2 494 033 0.029 % BAYER HYPO- UND VEREINSBANK 128 282 483 0.056 % AUSTRIAN AIRLINES 2 815 692 0.055 % BEIERSDORF 24 408 362 0.054 % BANK AUSTRIA 52 518 371 0.129 % BILFINGER & BERGER 3 094 034 0.056 % BOEHLER UDDEHOLM 2 228 454 0.055 % BMW 163 968 158 0.102 % BRAU UNION 2 054 468 0.058 % CELANESE AG 2 094 555 0.026 % BWT 774 310 0.044 % COMMERZBANK 82 172 139 0.057 % ERSTE BANK 11 289 204 0.072 % CONTINENTAL 10 415 639 0.052 % EVN 7 552 183 0.055 % DAIMLERCHRYSLER 423 671 814 0.069 % FLUGHAFEN WIEN AG 2 363 008 0.055 % DEGUSSA-HULS AG 86 223 615 0.171 % LENZING 669 909 0.042 % DEUTSCHE BANK 226 207 286 0.055 % LEYKAM-MUERZTALER 1 046 082 0.041 % DEUTSCHE TELEKOM 397 169 179 0.023 % MAYR-MELNHOF KARTON 2 671 741 0.060 % DOUGLAS HLDG. 6 581 550 0.055 % OESTERREICHISCHE BRAU-BETEILUNGS AG 1 395 241 0.050 % DRESDNER BANK 279 706 876 0.122 % OESTERREICHISCHE ELEKTRIZITAETSWIRTSCHAFTS-AG 9 552 001 0.056 % EM TV MERCHANDISING AG 24 847 141 0.041 % OMV AG 57 051 284 0.272 % EPCOS AG 22 384 066 0.057 % RHI AG 1 732 198 0.038 % ERGO VERSICHERUNGSGRUPPE 42 649 889 0.057 % VATECHNOLOGIE 4 331 972 0.055 % GEHE 12 467 748 0.055 % VOEST ALPINE STAHL AG 5 617 809 0.055 % HANNOVER RUCKVERSICHERUNGS AG 16 022 711 0.155 % WIENERBERGER 6 618 766 0.055 % HEIDELBERGER ZEMENT 21 659 232 0.060 % WOLFORD 798 928 0.051 % HENKEL KGA PREF.
    [Show full text]
  • Consolidated Financial Results for the Fiscal Year 2016 (From April 1, 2016 to March 31, 2017) [Japan GAAP]
    May 15, 2017 Consolidated Financial Results for the Fiscal Year 2016 (From April 1, 2016 to March 31, 2017) [Japan GAAP] Company Name: Idemitsu Kosan Co.,Ltd. (URL http://www.idemitsu.com) Company Code: 5019, Shares listed on: Tokyo Stock Exchange Name of Representative: Takashi Tsukioka, Representative Director & Chief Executive Officer Contact person: Koji Tokumitsu, General Manager, Investor Relations Office, Treasury Department Telephone: +81-3-3213-9307 Scheduled date of ordinary general meeting of shareholders: June 29, 2017 Scheduled date of commencement of dividend payments: June 8, 2017 Scheduled date of filing of Securities Report: June 29, 2017 Supplemental materials for the financial results: Yes Financial results presentation: Yes (for institutional investors and analysts) (Figures less than ¥1 million are rounded off) 1. Consolidated Financial Results for FY2016 (From April 1, 2016 to March 31, 2017) (1) Consolidated operating results (Percentages represent changes from prior year) Net income attributable Net sales Operating income Ordinary income to owners of the parent ¥million % ¥million % ¥million % ¥million % FY2016 3,190,347 (10.6) 135,234 － 139,968 － 88,164 － FY2015 3,570,202 (22.9) (19,643) － (21,903) － (35,993) － Notes: Comprehensive income FY2016 ¥92,816 million －% FY2015 ¥(86,561) million －% Diluted net Ratio of ordinary Ratio of operating Net income per Return on income per income to total income to net share equity share assets sales ¥ ¥ % % % FY2016 551.19 － 16.3 5.6 4.2 FY2015 (225.03) － (6.6) (0.9) (0.6)
    [Show full text]
  • Year Ended March 31, 2017 Topics in Fiscal Year 2016
    ANNUAL REPORT 2017 Year Ended March 31, 2017 Topics in Fiscal Year 2016 2016 Apr. • Formed a petroleum products marketing company, Idemitsu Q8 Petroleum LLC, in Vietnam Sep. • Concluded to construct hydrogenated hydrocarbon resin plants in Taiwan Nov. • Signed a collaboration in OLED materials development with Merck Nov. • Concluded to modify ethylene plants of Chiba LLP’s Dec. • Concluded to expand production capacity of OLED materials plants in Korea Dec. • Acquired 31.3% of Showa Shell Sekiyu K.K. shares from Royal Dutch Shell Dec. • Commenced production at Laffan Refinery 2, Idemitsu has 2% stake, in Qatar 2017 Jan. • Established OLED materials development company in Switzerland Mar. • Commencement of commercial operation of geothermal binary power plants in Oita Mar. • Reduced refining capacity to 500K bpd in accordance with the government guidance Contents 02 Financial Highlights 27 Material Agreements, etc. 04 To Our Stakeholders 28 Corporate Governance 21 Management Philosophy 39 Directors, Audit & Supervisory Board Members and Executive Officers 22 At a Glance 41 Financial Section 24 Research & Development 91 Investor Information Contribute to society with harmony between the economy and the environment by effectively securing and using energy and by developing functional materials. Idemitsu Kosan Co.,Ltd. was founded in Moji, Kita-Kyushu in 1911 under the name Idemitsu Shokai to engage in oil distribution. Since its foundation, Idemitsu has worked hard under the fundamental principle of social contribution through business, always maintaining respect for human beings in carrying out business operations. During its 106-year history, the Company has utilized its expertise globally in a wide range of strategic businesses, such as petroleum products, petrochemical products, oil exploration and production, coal, and other businesses.
    [Show full text]
  • Financial and Operational Information 1998–2002 Royal Dutch/Shell Group of Companies Contents Introduction
    Financial and Operational Information 1998–2002 Royal Dutch/Shell Group of Companies Contents Introduction Royal Dutch Petroleum Company and This booklet supplements the 2002 Annual Reports and Accounts of Royal Dutch Petroleum Company The “Shell” Transport and Trading (Royal Dutch) and The “Shell” Transport and Trading Company, p.l.c. (Shell Transport), which contain Company, p.l.c. Financial Statements and information on the Royal Dutch/Shell Group of Companies, including details of the accounting policies employed. Reference to these Reports will assist the understanding of the figures Parent Company summaries in this booklet. 2 Royal Dutch Petroleum Company 3 The “Shell” Transport and Trading Throughout this booklet, one billion = 1,000 million. Company, p.l.c. Nature of Group Financial Statements and Operational data Royal Dutch/Shell Group of Companies Financial Statements The Financial Statements reflect an aggregation in US dollars (dollars) of the accounts of companies Financial Statements in which Royal Dutch and Shell Transport together, either directly or indirectly, have control either through 4 Income/Adjusted CCS earnings a majority of the voting rights or the right to exercise a controlling influence. Investments in companies 5 Assets and Liabilities over which Group companies have significant influence but not control are classified as associated 6 Cash Flows companies and are accounted for on the equity basis. Certain joint ventures are taken up in the Financial 7 Division of Group net income Statements in proportion to the relevant Group interest. The Group share of operating profits arising from between the Parent Companies associated companies is seen as a contribution to the total Group operating profit and is shown as such 8 Earnings by industry segment, in the Statement of Income.
    [Show full text]
  • Capital Markets Day 2016 Re-Shaping Shell, to Create a World-Class Investment Case
    Capital markets day 2016 Re-shaping Shell, to create a world-class investment case Royal Dutch Shell plc June 7, 2016 “Let’s make the future” Royal Dutch Shell | June 7, 2016 Ben van Beurden Chief Executive Officer Royal Dutch Shell plc Royal Dutch Shell | June 7, 2016 Definitions & Reserves: Our use of the term “reserves” in this presentation means SEC proved oil and gas reserves. Resources: Our use of the term “resources” in this presentation includes quantities of oil and gas not yet classified as SEC proved oil and gas reserves. Resources are consistent with the Society of cautionary note Petroleum Engineers (SPE) 2P + 2C definitions. Resources and potential: Our use of the term “resources and potential” are consistent with SPE 2P + 2C + 2U definitions. Organic: Our use of the term Organic includes SEC proved oil and gas reserves excluding changes resulting from acquisitions, divestments and year-average pricing impact. Shales: Our use of the term ‘shales’ refers to tight, shale and coal bed methane oil and gas acreage. The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this release “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this release refer to companies over which Royal Dutch Shell plc either directly or indirectly has control.
    [Show full text]