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Annual Report

Annual Report 2017

CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS
This annual report contains forward-looking statements concerning the future plans, strategies and performance of Idemitsu Kosan Co.,Ltd. These forward-looking statements are not historical facts; rather, they represent assumptions and beliefs based on economic and financial data available as of the publication date. Actual operating results may therefore differ substantially from the Company's expectations due to various factors, including but not limited to the following: (1) global economic conditions; (2) social trends; and (3) changes in the Company's competitiveness caused by fluctuation of demand for its products and services.

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