Group Companies
- Arabian Oil Company, Ltd.
- Fuji Oil Company, Ltd.
- Petro Progress Inc.
- Japan Oil Engineering Company, Ltd.
- Core Companies Profile
- Financial Results of Core Companies
Group Companies
Arabian Oil Company, Ltd. (AOC)
Exploration, Development, Production and Sale of Crude Oil & Natural Gas
- Incorporated
- : February 1958
- Capital
- : Japanese ¥13,000 million (100% shareholding by AOC Holdings,Inc.)
As a core company of AOC Holdings group responsible for upstream operations, AOC is engaged in exploration and development of oil & natural gas. AOC discovered Khafji oil field in 1960 in the offshore Neutral Zone (now Divided Zone) between Kuwait and Saudi Arabia under the Concession Agreements concluded with both countries, and since then AOC maintained petroleum operations there for more than 40 years. After the expiration of the Concession Agreements, AOC continued to be engaged in the petroleum operations there under the Technical Services Agreement with Kuwait until January 2008. AOC has also been engaged in the oil & gas exploration and development projects in North America, East Asia and Europe. AOC currently engages in the projects in the Norwegian North Sea and Egypt including the participation in crude oil production operations through its subsidiary in Norway.
Fuji Oil Company, Ltd. (FOC)
Refining of Crude Oil and Sale of Petroleum Products
- Incorporated
- : April 1964
- Capital
- : Japanese ¥10,225 million (100% shareholding by AOC Holdings,Inc.)
As a core company of AOC Holdings group responsible for downstream operations, FOC is engaged in oil refining and sale of petroleum products. FOC was established by AOC, Tokyo Electric Power Company, Sumitomo Chemical Company, etc. Its refinery is located at Sodegaura area in Chiba prefecture alongside the Tokyo Bay (one ward). The refining complex with a crude distillation capacity of 143 thousand B/D came on stream in 1968 and has been supplying a wide range of petroleum products mainly in the Greater Tokyo metropolitan area as well as producing petrochemical feedstocks.
Petro Progress Inc. (PPT)
Trading and Transportation of Crude Oil and Petroleum Products
- Incorporated
- : January 1994
- Capital
- : Japanese ¥3,000 million (100% shareholding by FOC)
PPT was established by AOC and FOC on a 50-50 basis and is now a wholly owned subsidiary of FOC. It is engaged in purchasing, marketing and transportation of crude oil and petroleum products in Southeast Asia through its wholly owned subsidiary incorporated in Singapore.
Japan Oil Engineering Company, Ltd. (JOE)
Engineering and consulting services in Oil and Gas Industry
- Incorporated
- : June 1968
- Capital
- : Japanese ¥600 million (50.0% shareholding by FOC and 49.9% by AOC)
JOE was established to provide primarily facility maintenance services for FOC's refinery and technical services for AOC's production facilities. JOE is presently providing technical services, including engineering and consulting, in both upstream and downstream sectors of the oil and gas industry. JOE conducts its business activities for their wide range of customers such as domestic and overseas oil companies, governmental organizations in Japan and financial institutions in addition to AOC and FOC.
Core Companies Profile
As of Mar.31, 2011
| Company Name | Arabian Oil Company, Ltd. | Fuji Oil Company, Ltd. |
|---|---|---|
| Principal Business | To explore, develop, produce, sell and buy crude oil and natural gas. | To refine crude oil and sell, import, export and store petroleum products. |
| Date of Establishment | February 10, 1958 | April 17, 1964 |
| Head Office | Shinagawa-ku, Tokyo, Japan | Shinagawa-ku, Tokyo, Japan |
| President | Kazutoshi Hoyano | Fumio Sekiya |
| Paid-in Capital | 13,000 Million Yen | 10,225 Million Yen |
| Number of Shares Issued | 53,137,377 shares | 20,450,000 shares |
| Total Net Assets | 34,154 Million Yen | 63,728 Million Yen |
| Total Assets | 61,432 Million Yen | 330,077 Million Yen |
| Fiscal year end | March 31 | March 31 |
| Number of Employees | 61 | 391 |
| Major Customers |
Showa Shell Sekiyu K.K. Cosmo Oil Co., Ltd. |
Showa Shell Sekiyu K.K. The Tokyo Electric Power Co.,Inc. Sumitomo Chemical Co., Ltd. |
| Major Banks | Japan Bank for International Corporation Mizuho Corporate Bank, Ltd. The Bank of Tokyo-Mitsubishi UFJ, Ltd. Sumitomo Mitsui Banking Corporation |
Development Bank of Japan Mizuho Corporate Bank, Ltd. Sumitomo Mitsui Banking Corporation The Bank of Tokyo-Mitsubishi UFJ, Ltd. |
Financial Results of Core Companies (2009-2011)
| Arabian Oil Company, Ltd. (Parent-only) |
Fuji Oil Company, Ltd. (Parent-only) |
|||||
| Fiscal years ended March 31 | 2009 | 2010 | 2011 | 2009 | 2010 | 2011 |
| Net Sales (Millions of Yen) |
287,355 | 189,237 | 93,259 | 623,975 | 394,884 | 466,789 |
| Operating Income (Millions of Yen) |
-3,042 | -1,628 | -1,445 | -41,920 | -1,056 | 7,905 |
| Ordinary Income (Millions of Yen) |
-599 | 983 | -2,970 | -44,257 | -2,952 | 6,349 |
| Net Income (Millions of Yen) |
-940 | -1,033 | 3,141 | -36,962 | -12,390 | 5,559 |
| Net Income Per Share (Yen) |
-17.71 | -19.46 | 59.12 | -1,807.43 | -605.91 | 271.86 |
| Dividends Per Share (Yen) |
- | - | 16 | 57 | - | - |
