Fuji Oil

Basic Information

Stock Code
5017
Industry
Petroleum and Coal Products
Category Detail
Mining & Energy Development
Prefecture
Tokyo
Establishment Year
January 2003
Listing Year
January 2003
Official Website
http://www.foc.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
INPEX, Japan Petroleum Exploration, Nippon Coke, Sekisui Plastics, Idemitsu Kosan, ENEOS Holdings, Cosmo Energy Holdings

Overview

Fuji Oil is a core company in the petroleum and coal products industry, established in 1964, supporting stable energy supply through its refinery refining capacity and diverse petroleum product supply.

Current Situation

Fuji Oil achieved consolidated sales of 723.7 billion yen for the fiscal year ending March 2024, with its head office in Shinagawa-ku, Tokyo, and owns a refinery and base in Sodegaura City, Chiba Prefecture. Paid-in capital is approximately 24.5 billion yen, with Idemitsu Kosan as the lead shareholder and numerous other companies and government-affiliated institutions as shareholders. The main business involves importing and refining crude oil, as well as manufacturing and selling petroleum products and petrochemical basic materials, with product diversification and environmental measures strengthened through proprietary Yurika technology. In recent years, it has advanced capital and business alliances with Idemitsu Kosan, focusing on enhancing refinery equipment and improving efficiency while emphasizing sustainability initiatives. In 2025, it plans to absorb and merge its subsidiary Arabian Oil to strengthen its business foundation. Moving forward, it aims for sustainable growth by balancing stable petroleum product supply with environmental regulation compliance.

Trivia

Interesting Facts

  • Possesses proprietary Yurika (vacuum residue thermal cracking) process at refinery
  • Operates a factory in Sodegaura City, Chiba Prefecture, with 143,000 barrels/day refining capacity
  • Kuwait Petroleum Corporation and Saudi Arabian government participate in capital
  • Absorbed and merged holding company AOC Holdings in 2013 to form current structure
  • Diverse companies including Idemitsu Kosan, Nippon Yusen, and Japan Airlines as major shareholders
  • Continuously supplies petrochemical feedstock naphtha to Sumitomo Chemical for many years
  • Holds numerous ISO certifications with focus on quality and environmental management
  • Introduced in-house power generation in 2017 to improve energy efficiency
  • Consistent refining and sales of petroleum products since establishment in 1964
  • Listed on Tokyo Stock Exchange Prime Market since 2003, continuing stable growth

Hidden Connections

  • Strengthened group resource procurement and sales systems through capital and business alliance with Idemitsu Kosan
  • Petroleum pitch from Sodegaura Refinery supplied to major domestic steel manufacturers
  • Middle Eastern government oil agencies listed as shareholders, building international network
  • Stably supplies fuel to Japan Airlines, supporting aviation industry energy infrastructure
  • Jointly developed and operates proprietary refining process technology with Chiyoda Corporation
  • Advancing business integration through absorption and merger of subsidiary Arabian Oil
  • Actively conducts environmental and community activities in collaboration with Sodegaura City
  • Introduced renewable energy through solar power facilities at refinery

Future Outlook

Growth Drivers

  • Business foundation strengthening and synergy creation through capital alliances
  • Improved processing capacity via refinery equipment enhancements
  • Development and adoption of environmental regulation compliance technologies
  • Enhanced response to diversifying energy demands
  • Expansion into overseas markets and chemical feedstock sectors
  • Entry into renewable energy and biofuel fields
  • Realization of stable operations through advanced safety management
  • Utilization and optimization of efficient logistics infrastructure
  • Strengthened collaboration with government and local communities
  • Product quality improvement through new technologies

Strategic Goals

  • Significantly reduce refinery environmental impact to achieve carbon neutrality
  • Enter top 3 in industry competitiveness through collaboration with Idemitsu Kosan
  • Biofuel and renewable energy products accounting for over 30% of sales
  • Improved operating profit margin through high-value product enhancement
  • Establish advanced engineer training program for technology succession
  • Enhance corporate activities coexisting with sustainable communities
  • Achieve zero safety accidents and strengthen social trust
  • 20% production efficiency improvement through optimal equipment investments
  • Risk reduction via advanced global supply chain management
  • Business operation innovation through digital technology utilization

Business Segments

Petroleum Product Refining and Sales

Overview
Supplies refined petroleum products and petrochemical feedstocks from the refinery to a wide range of industrial sectors.
Competitiveness
Enhanced production facilities and stable supply system through capital alliance with Idemitsu Kosan.
Customers
  • Fuel Wholesalers
  • Power Generation Companies
  • Airlines
  • Industrial Companies
  • Logistics Companies
  • Shipbuilding Companies
  • Transportation Companies
  • Chemical Companies
  • Local Governments
  • Agriculture-Related
Products
  • Diesel Oil
  • Heavy Fuel Oil
  • Jet Fuel
  • Naphtha
  • Benzene
  • Xylene
  • Specialty Lubricating Oils
  • Petroleum Pitch
  • Fuel Oil
  • Petrochemical Feedstocks
  • Desulfurization Equipment-Related Products
  • Refining Byproducts

Technology and Engineering Services

Overview
Provides advanced refining and environmental technologies to support refinery efficiency and environmental compliance.
Competitiveness
Proprietary Yurika Process technology and equipment operation expertise.
Customers
  • Refinery Operators
  • Petrochemical Companies
  • Energy-Related Companies
  • Construction Companies
  • Environmental Technology Companies
  • Local Governments
Products
  • Refining Technology
  • Desulfurization Technology
  • Yurika Process
  • Environmental Load Reduction Technology
  • Operation Support Systems
  • Equipment Maintenance Services

Logistics and Storage Services

Overview
Provides safe and efficient storage and logistics services utilizing the extensive refinery and base site.
Competitiveness
Large-capacity storage facilities and robust safety management.
Customers
  • Petroleum Product Wholesalers
  • Local Governments
  • Large Factories
  • Sales Agents
  • Transportation Companies
Products
  • Crude Oil Storage
  • Petroleum Product Storage
  • Transportation Services
  • Supply Management
  • Safety Management Systems

Environment and Energy Development

Overview
Technology area focused on developing renewable energy technologies and environmental load reduction measures.
Competitiveness
Next-generation energy capabilities leveraging petroleum product manufacturing technology.
Customers
  • Environmental Agencies
  • Power Generation Companies
  • Chemical Manufacturers
  • Local Governments
  • Municipal Corporations
Products
  • Biofuels
  • Environmental Load Reduction Solutions
  • Energy Efficiency Technologies
  • Power Generation Byproduct Utilization

Competitive Advantage

Strengths

  • Advanced refining technology and diverse facilities
  • Stable refinery operation capabilities
  • Capital and business alliance with Idemitsu Kosan
  • Support from a broad base of major shareholders
  • Abundant fuel oil supply track record
  • Strong customer base (aviation and chemicals)
  • Possession of highly efficient Yurika Process
  • Comprehensive storage and logistics facilities
  • Active promotion of environmental technologies
  • Strong community relations
  • Quality management via ISO certifications
  • Flexible product lineup
  • Robust manufacturing and supply system
  • High credibility in the industry
  • Long-term track record of stable management

Competitive Advantages

  • Strengthened competitiveness through strong capital and business alliance with Idemitsu Kosan
  • Improved product quality and environmental compliance via proprietary technologies like Yurika Process
  • Advanced refining capacity and diverse facility deployment at Sodegaura Refinery
  • Management stability and reliability from diverse major shareholders
  • Comprehensive supply system for petroleum products and petrochemical feedstocks
  • Firm ties with aviation, power, and chemical industries through stable fuel supply
  • Technological capability to balance environmental regulations and cost efficiency
  • Reduced supply risks and agile response via extensive storage facilities
  • High-quality management system based on ISO 9001 and 14001 certifications
  • Risk diversification from market fluctuations through product diversification
  • Efficient resource procurement and supply via Idemitsu Kosan group collaboration
  • Stable operational environment through community partnerships
  • Contribution to environmental load reduction via desulfurization and deodorization technologies
  • Technology succession through nurturing of engineers and specialists
  • Robust safety management including emergency response

Threats

  • Profit pressure from crude oil price fluctuations
  • Increased equipment investment burden from stricter environmental regulations
  • Long-term decline in petroleum demand due to renewable energy adoption
  • Market share erosion from emerging competitors
  • Supply chain instability from geopolitical risks
  • Crude oil procurement risks from international political changes
  • Business environment changes from climate change impacts
  • Competitive decline from delayed technological innovation
  • Loss of social trust from safety incidents
  • Talent acquisition difficulties from labor shortages
  • Impact on costs and profits from exchange rate fluctuations
  • Business impacts from domestic and international regulatory changes

Innovations

2024: Strengthened capital and business alliance with Idemitsu Kosan

Overview
Signed agreement on capital and business alliance to strengthen management foundation.
Impact
Contributes to improved production efficiency and supply stability

2023: Enhanced vacuum distillation unit processing capacity

Overview
Increased from 60,000 to 65,000 barrels/day in June 2019.
Impact
Contributes to improved refining capacity and production efficiency

2023: Yurika Process for product diversification technology development

Overview
Utilizing technology jointly licensed with Chiyoda Corporation.
Impact
Enables high-value product manufacturing and reduced environmental impact

2022: Asphalt Pitch Fuel Boiler and Power Generation Equipment Operation

Overview
Operated in-house boilers and turbine generators to improve energy efficiency.
Impact
Achieved maximum steam generation of 295 tons/hour and power output of 36,000 kW

2021: Alkylation Unit Processing Capacity Enhancement

Overview
Upgraded from 4,400 to 5,800 barrels/day.
Impact
Contributes to increased production of high-octane products

2020: Gasoline Desulfurization Unit Enhancement

Overview
Strengthened high-quality fuel production to comply with environmental regulations.
Impact
Reduced sulfur content and environmental impact

Sustainability

  • Introduction of desulfurization units at refinery and utilization of environmental load reduction technologies
  • Operation of in-house power generation using asphalt pitch as fuel
  • Strengthened environmental management system through ISO 14001 certification
  • Introduction of renewable energy via solar power generation business
  • Advanced safety management and enhanced disaster preparedness
  • Promotion of recycling of factory emissions and waste reduction
  • CO2 emissions reduction through improved fuel efficiency
  • Implementation of environmental protection activities in collaboration with local communities