法人別リリース

Idemitsu Credit to Launch Financial Services for Agricultural Sector in Cambodia

Idemitsu Kosan — Fri, 29 Jan 2016 15:00:39 +0900

TOKYO, Jan. 29, 2016 /Kyodo JBN/ --
Idemitsu Credit Co., Ltd.
Idemitsu Saison Microfinance (Cambodia) Plc.
Idemitsu Credit to Launch Financial Services for Agricultural Sector in Cambodia
Idemitsu Credit Co., Ltd. has established Idemitsu Saison Microfinance (Cambodia) Plc., a local subsidiary in Battambang, Cambodia, to launch financing services and installment payment services for commodity transactions mainly for  agricultural sector.

The Cambodian government is modernizing agriculture, one of the country's key industries, and trying to improve the living standards of farming households as its priority policy measures. Under its rice policy unveiled in 2010, the Cambodian government set a goal of doubling the country's rice production and increasing its rice exports tenfold in five years. It is now implementing specific measures to achieve the goal.

Based on this policy, domestic companies and nongovernmental organizations are carrying out and expanding contract farming and agricultural advice, accelerating growth in the agricultural sector.

Under these circumstances, Idemitsu Credit Co., Ltd. has established Idemitsu Saison Microfinance (Cambodia) Plc., a local subsidiary, to meet Cambodian farmers' financial needs and contribute toward improved standards of living and economic development of the country. Idemitsu Saison Microfinance (Cambodia) obtained a license of microfinance business from the National Bank of Cambodia on January 20.

Idemitsu Saison Microfinance (Cambodia) will engage in financing and individual installment payment operations to meet a wide variety of needs for funding mainly in the agricultural sector.

Reference information A

Overview of Idemitsu Saison Microfinance (Cambodia) Plc.

(1) Name of the company: Idemitsu Saison Microfinance (Cambodia) Plc.

(2) Location: Battambang City, the Kingdom of Cambodia
No. S04, National Road 5, Prekmohatep Village, Sangkat Svaypor, Battambang City, Battambang Province, Cambodia

(3) Representatives:
Director & Chairperson: Kaoru Hashimoto (Representative Director & President, Idemitsu Credit Co., Ltd.)
Director & Vice-Chairperson: Hideo Suzuki (Representative Director & Vice- President Idemitsu Credit Co., Ltd.)
Director & Managing Director: Koichi Watanabe (Executive Officer, Idemitsu Credit Co., Ltd.)

(4) Establishment: August 20, 2015 (Operations to begin in January 2016.)

(5) Capital: 1 million U.S. dollars (capitalized 100 percent by Idemitsu Credit Co., Ltd.)

(6) Business description:
1. Financing
2. Installment sales

Reference information B

Overview of Idemitsu Credit Co., Ltd.

(1) Name of the company: Idemitsu Credit Co., Ltd.

(2) Location: 18th Floor, Ryogoku City Core, 2-10-14, Ryogoku, Sumida-Ku, Tokyo

(3) Representatives: Kaoru Hashimoto, Representative Director & President

(4) Establishment: April 1, 1986

(5) Capital: 1,950 million yen (capitalized evenly by Idemitsu Kosan Co.,Ltd. and Credit Saison Co., Ltd.)

(6) Business performance: Transaction volume: 1 trillion  166.7 billion yen (2014 fiscal year)

(7) Business description:
1. Credit card services
2. Financing services
3. Settlement agency services
4. Prepaid card services
5. Leasing services
6. Guarantee services

URL: http://www.idemitsu.com/?sscl=head05
        http://corporate.saisoncard.co.jp/en/newsrelease/

Idemitsu Kosan Opens Shanghai Office for OLED Materials Business

Idemitsu Kosan — Thu, 08 Oct 2015 15:00:12 +0900

TOKYO, Oct. 8, 2015 /Kyodo JBN/ --
Idemitsu Kosan Co., Ltd.
Idemitsu Kosan Opens Shanghai Office for OLED Materials Business
Idemitsu Kosan Co., Ltd. announced on Oct. 8 that it opened its Shanghai Office the same day as a base to support organic light-emitting diode (OLED) panel manufacturers in China and collect information about the Chinese market.

In China, robust capital investments are being made, mainly by major liquid crystal panel manufacturers, in mass-production equipment for OLED panels that will be the next generation of displays, making the country the center of attention as a region of significant growth in the manufacture of OLED panels. Shanghai, in particular, is the country's economic and industrial hub and the largest city exceeding Beijing, attracting many panel manufacturers that have made large-scale investments in OLED panel mass-production equipment.

Against this background, Idemitsu has decided to open its Shanghai Office for OLED materials business, expecting increases in demand and sales of OLED materials due to the expansion of the industry in China. Shanghai has a well-developed transportation network that extends across the country, enabling the company to easily access OLED panel manufacturers' manufacturing and R&D facilities in other areas of China.

The Shanghai Office is Idemitsu's third overseas base for the OLED materials business, following those in South Korea and Taiwan. The company will further improve customer services by enhancing the customer-oriented sales system. In order to respond to customers' needs, Idemitsu will establish solid manufacturing and sales systems, aiming to strengthen and expand the business as a global manufacturer of OLED materials.

Outline of Shanghai Office for Electronic Materials Department, Idemitsu Kosan Co., Ltd.
1. Name: Idemitsu Kosan Co., Ltd. Electronic Materials Dept. Shanghai office
2. Address: 2818 Huai Hai Plaza, No.1045 Huaihai Zhong Road, Shanghai, China.
3. Opening date: October 8, 2015
4. Manager: Takashi Arakane

Idemitsu to Supply Oil for Mazda Roadster in 24 Hours Nurburgring Endurance Race

Idemitsu Kosan — Fri, 23 May 2014 15:00:19 +0900

TOKYO, May 23 /Kyodo JBN/ --
Idemitsu Kosan Co.,Ltd.
Idemitsu to Supply Oil for Mazda Roadster in 24 Hours Nurburgring Endurance Race
Idemitsu Kosan Co.,Ltd. (hereinafter "Idemitstu") announced on May 23 that it will serve as oil technical sponsor for the Mazda MX-5 (known as Mazda Roadster in Japan) competing in the 24 Hours Nurburgring endurance race in Germany on June 21-22, 2014.

As an oil maker active worldwide, Idemitsu has developed jointly with Mazda Motor Corporation (hereinafter "Mazda") the optimal engine oils and transmission oils for Mazda vehicles equipped with power trains that are developed on the basis of Mazda's SKYACTIV TECHNOLOGY.
Since the Mazda Roadster is one of the vehicles subject to these development efforts, this oil sponsorship will serve as an opportunity to put to use knowledge from Idemitsu's joint oil development with Mazda.
Together with demonstrating not just on public roads but on the racing circuit as well the technological capabilities it has accumulated in oil development and contributing to the advancement of motorsport culture, Idemitsu plans to support, through supply of oil products, Mazda's global efforts to take on challenges based on the vision of creating cars that combine the joy of driving with outstanding environmental and safety performance.
Overview of the race
1. Race name: 24 Hours Nurburgring endurance race (ADAC Zurich 24-hour race)
2. Vehicle: Mazda MX-5
(V3 Category: NC soft-top based, 2.0-liter naturally-aspirated, unmodified class)
3. Team name: Mazda Motor Sports Team JOTA

Reference: Mazda website: http://www.mazda.com/publicity/release/

About Idemitsu Kosan Co.,Ltd.
Head office: Chiyoda-ku, Tokyo
Representative Director and CEO: Takashi Tsukioka

About Mazda Motor Corporation
Headquarters: Fuchu-cho, Aki-gun, Hiroshima, Japan
Representative Director, President and CEO: Masamichi Kogai