Notification of Incorporation of “Cosmo Energy Holdings Co., Ltd.” and Management Entity after Holdings Structure
October 1, 2015
Cosmo Energy Holdings Co., Ltd.
“Cosmo Energy Holdings Co.,Ltd” will be incorporated (hereinafter “the Company”) as a wholly owning parent company of Cosmo Oil Co.,Ltd. through sole-share transfer, and the Company listed on the first section of the Tokyo Stock Exchange on 1st October 2015..
1. Description of the Company
| (1) Company Name | Cosmo Energy Holdings Co., Ltd. |
|---|---|
| (2) Primary Business | Business administration of subsidiary companies which conduct integrated oil business, and related business |
| (3) Date of Establishment | October 1, 2015 |
| (4) Registered Office | 1-1-1, Shibaura, Minato-ku, Tokyo |
| (5) Executives | Chairman, Director : Yaichi Kimura President,Representative Director, Chief Executive Officer : Keizo Morikawa Representative Director, Executive Vice President : Atsuto Tamura Director,Senior Managing Executive Officer : Hiroshi Kiriyama Director, Supervisory Committee Member : Katsuhisa Ohtaki Director, Senior Executive Officer : Yasushi Ohe Outside Director : Mohamed Al Hamli Outside Director : Mohamed Al Mehairi Outside Director, Supervisory Committee Member : Sakae Kanno Outside Director, Supervisory Committee Member : Teruo Miyamoto Senior Executive Officer : Kenichi Taki Executive Officer : Koji Moriyama Executive Officer : Masayoshi Noji Executive Officer : Takehiko Kitawaki |
| (6) Paid-in Capital | 40 billion yen |
| (7) Accounting Period | March 31 |
| (8) Accounting Auditor | KPMG AZSA LLC, |
| (9) Total Number of authorized Shares | 170 million shares |
| (10) Administrator of Shareholder Registry | Sumitomo Mitsui Trust Bank, Limited |
| (11) Stock Exchange | The first section of the Tokyo Stock Exchange (Code: 5021) |
| (12) Number of Shares Constituting One Unit of Shares | 100 shares |
2. Overview and group management after Holdings Structure
Cosmo Energy Holdings Co.,Ltd as a compact entity specializes management of group companies. And Cosmo Energy Exploration & Production Co., Ltd which control E&P operating subsidiaries, Cosmo Oil Co., Ltd which runs refinery business and Cosmo Oil Marketing Co., Ltd. which offers car life value with a focus on fuel oil supply, these 3 core business companies and Cosmo Energy Holdings will pursue to maximize corporate value.
And also, Cosmo group try to keep slim structure to use our shared service company effectively to avoid overlap operation.
3. Overview and organization and governance system of Cosmo Energy Holdings Co.,Ltd
1) Overview of Cosmo Energy Holdings Co.,Ltd
Cosmo Energy Holdings Co.,Ltd pursues the optimization of the group’s business portfolio and the support for business companies, realizing "Vertically Integrated Global Energy Company".
2) Organization and governance system of Cosmo Energy Holdings Co.,Ltd
4. Overview and organization and governance system of Cosmo Energy Exploration & Production Co.,Ltd.
1) Overview of Cosmo Energy Exploration & Production Co.,Ltd.
Cosmo Energy Exploration & Production Co.,Ltd., a company that supervises 3 E&P operating companies*, establishes an efficient and stable operating structure to secure profits even in a fluctuated oil prices. At the same time, Cosmo Energy Exploration & Production Co.,Ltd. aims to proceed preparation of production of Hail Oil Field and to acquire oil concessions by utilizing business alliances with oil producing countries.
*Abu Dhabi Oil Co., Ltd (Japan), Qatar Petroleum Development Co.,Ltd,
United Petroleum Development Co., Ltd.(Japan)
2) Organization and governance system of Cosmo Energy Exploration & Production Co.,Ltd
5. Overview and organization and governance system of Cosmo Oil Co.,Ltd.
1) Overview of Cosmo Oil Co.,Ltd.
Taking the basic policy seeking a stable and safe operation for granted, Cosmo Oil Co.,Ltd. continues to rationalize the operation with setting its sights on further business alliances and conducts flexible and active petroleum trading in order to improve its productivity and profitability.
2) Organization and governance system of Cosmo Oil Co.,Ltd.
6. Overview and organization and governance system of Cosmo Oil Marketing Co.,Ltd.
1) Overview of Cosmo Oil Marketing Co.,Ltd.
Cosmo Oil Marketing Co.,Ltd. strengthens marketing capabilities and streamlines sales forces by specializing in the oil sale business. In addition, observing a decline in a fuel oil demand, Cosmo Oil Marketing Co.,Ltd considers its retail business as the growth driver and aims to create a new business model that enables us to reduce dependency on the fuel oil revenue, to strengthen its power brand, and to improve its cost-efficiency.
2) Organization and Governance system Cosmo Oil Marketing Co.,Ltd.
7. Consolidated Business Outlook for the fiscal year ending March 31, 2016
We are currently investigating the performance forecast for the fiscal year ending March 31, 2016 (hereinafter “FY2015”). It will be announced with the results on the second quarter of FY 2015, which is scheduled on November 5, 2015.
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