Idemitsu Kosan Co Ltd has revised its earnings forecasts for the first half of the fiscal year ending march 2008 (April 1, 2007~September 30, 2007).
Which was announced on August 1, 2007, in light of the trends in corporate performance up to the interim period.
Full year earnings forecasts have also been revised as a result, as follows.
Conditions in the market for petroleum products such as middle distillates deteriorated due to the decline in demand beginning in the summer while crude oil prices remained at high levels, leading to a significant reduction in margins.
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