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Idemitsu founding family, management at odds over merger with rival

TOKYO, Japan, July 11 Kyodo - Takujiro Hamada, representing the founding family of Japanese oil distributor Idemitsu Kosan Co., speaks at a press conference in Tokyo on July 11, 2016, after talks with the company's management. The two sides remained at odds over Idemitsu's merger with rival Showa Shell Sekiyu K.K.

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Japan oil distributor Idemitsu mulls buying rival Showa Shell

TOKYO, Japan - Combined photo taken Dec. 20, 2014, in Tokyo's Chuo Ward shows the signboards of gas stations affiliated with Idemitsu Kosan Co. (R) and Showa Shell Sekiyu K.K., respectively. Idemitsu, Japan's second-largest oil distributor, is considering acquiring fifth-ranked Showa Shell through a tender offer, sources familiar with the move said the same day.

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Japan oil distributor Idemitsu mulls buying rival Showa Shell

TOKYO, Japan - Photo taken Dec. 20, 2014, shows the building housing the headquarters of Idemitsu Kosan Co., Japan's second-largest oil distributor, in Tokyo's Marunouchi district. Idemitsu is considering acquiring fifth-ranked Showa Shell Sekiyu K.K. through a tender offer, sources familiar with the move said the same day.

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Japan oil distributor Idemitsu mulls buying rival Showa Shell

TOKYO, Japan - File photo shows the building housing the headquarters of Showa Shell Sekiyu K.K., Japan's fifth-ranked oil distributor, in Tokyo's Minato Ward. Idemitsu Kosan Co., the country's second-largest oil distributor, is considering acquiring Showa Shell through a tender offer, sources familiar with the move said Dec. 20, 2014.

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Showa Shell to build 3rd solar cell plant

TOKYO, Japan - Jun Arai (R), president of Showa Shell Sekiyu K.K., speaks during a news conference with Chairman Shigeya Kato in Tokyo on Sept. 7, 2009. They announced that wholly owned subsidiary Showa Shell Solar Co. will build a third plant for thin-layer photovoltaic cells in Miyazaki Prefecture at a cost of 100 billion yen to beef up its solar cell business.

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Prosecutors raid 11 oil firms over bid rigging

TOKYO, Japan - Prosecutors head for the main office of Nippon Mitsubishi Oil Corp. in Tokyo on Oct. 14 to raid the company on suspicion of rigging bids on fuel sold to the Defense Agency. Simultaneously, 10 other wholesalers -- Showa Shell Sekiyu K.K., Japan Energy Corp., Cosmo Oil Co., Idemitsu Kosan Co., General Sekiyu K.K., Fuso Sekiyu K.K., Kyushu Oil Co., Kygnus Sekiyu K.K., Taiyo Oil Co. and Taiho Industries Co.-- were raided on the same suspicion.

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Showa Shell Sekiyu Kinshicho SS stores

Logo = Showa Shell Sekiyu Kinshicho SS, Koto-bashi, Sumida-ku, Tokyo, November 28, 2018; Credit: Nikkan Kogyo Shimbun / Kyodo News Images

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Showa Shell Sekiyu Kinshicho SS stores

Logo = Showa Shell Sekiyu Kinshicho SS, Koto-bashi, Sumida-ku, Tokyo, November 28, 2018; Credit: Nikkan Kogyo Shimbun / Kyodo News Images

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Showa Shell Sekiyu Kinshicho SS stores

Logo = Showa Shell Sekiyu Kinshicho SS, Koto-bashi, Sumida-ku, Tokyo, November 28, 2018; Credit: Nikkan Kogyo Shimbun / Kyodo News Images

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Showa Shell Sekiyu Kinshicho SS stores

Logo = Showa Shell Sekiyu Kinshicho SS, Koto-bashi, Sumida-ku, Tokyo, November 28, 2018; Credit: Nikkan Kogyo Shimbun / Kyodo News Images

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Logo of Showa Shell Sekiyu K.K.

Logo = July 10, 2018, Showa Shell Sekiyu K.K. Headquarters, Daiba, Minato-ku, Tokyo; Credit: The Nikkan Kogyo Shimbun / Kyodo News Images

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Idemitsu founding family, management at odds over merger with rival

Daisuke Seki, executive vice president of Japanese oil distributor Idemitsu Kosan Co., speaks at a press conference in Tokyo on July 11, 2016, after talks with the company's founding family. The two sides remained at odds over Idemitsu Kosan's merger with rival Showa Shell Sekiyu K.K. (Kyodo) ==Kyodo

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Idemitsu founding family opposes planned merger with Showa Shell

Undated combined photo shows signs at gas stations bearing the logos of Japanese oil distributors Showa Shell Sekiyu K.K. (L) and Idemitsu Kosan Co., which have close ties with Iran and Saudi Arabia, respectively. The founding family of Idemitsu opposes its planned merger in April 2017 with Showa Shell because of their different corporate cultures, the family's representative said on June 28, 2016. (Kyodo) ==Kyodo

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Idemitsu founding family opposes planned merger with Showa Shell

Combined photo taken June 28, 2016, shows the Tokyo headquarters of Idemitsu Kosan Co. (L) and Showa Shell Sekiyu K.K. It was reported that day the founding family of Idemitsu opposes its planned merger with Showa Shell, clouding the outlook for the creation of one of the largest oil distributors in Japan. (Kyodo) ==Kyodo

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Idemitsu Kosan, Showa Shell agree on merger

Hiroshi Watanabe (L), an executive officer of Showa Shell Sekiyu K.K., and Susumu Nibuya, a director of Idemitsu Kosan Co., speak to reporters in Tokyo on Nov. 12, 2015. They announced that the companies have agreed to integrate their businesses, starting between October 2016 and April 2017. (Kyodo) ==Kyodo

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Japan oil distributor Idemitsu to buy 33% stake in rival Showa Shell

Tsuyoshi Kameoka (L), chief executive officer of Showa Shell Sekiyu K.K., and Takashi Tsukioka, chief executive officer of Idemitsu Kosan Co., hold a joint news conference at a hotel in Tokyo on July 30, 2015. They announced that Idemitsu, Japan's second-largest oil distributor, will acquire about a 33 percent stake in Showa Shell Sekiyu from Royal Dutch Shell PLC for around 169 billion yen ($1.4 billion). (Kyodo) ==Kyodo

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Japan oil distributor Idemitsu to buy 33% stake in rival Showa Shell

Tsuyoshi Kameoka (L), chief executive officer of Showa Shell Sekiyu K.K., and Takashi Tsukioka, chief executive officer of Idemitsu Kosan Co., shake hands after a news conference at a hotel in Tokyo on July 30, 2015. They announced that Idemitsu, Japan's second-largest oil distributor, will acquire about a 33 percent stake in Showa Shell Sekiyu from Royal Dutch Shell PLC for around 169 billion yen ($1.4 billion). (Kyodo) ==Kyodo

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Idemitsu Kosan, Showa Shell mull tie-up prior to merger

Combined photo taken in December 2014 in Tokyo shows signs at gas stations bearing the logos of Showa Shell Sekiyu K.K. (L) and Idemitsu Kosan Co. It was reported on Dec. 7, 2016, that the two oil distributors are in talks for a capital and business tie-up ahead of a planned merger. (Kyodo) ==Kyodo

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Idemitsu founding family moving against merger with Showa Shell

Shosuke Idemitsu, honorary chairman of Japanese oil distributor Idemitsu Kosan Co., heads to a meeting in Tokyo between two Idemitsu public foundations on Sept. 3, 2016. The two entities, headed by the eldest son of Idemitsu's founder, decided to oppose a proposed merger between Idemitsu and rival Showa Shell Sekiyu K.K. (Kyodo) ==Kyodo

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Idemitsu founding family moving against merger with Showa Shell

Shosuke Idemitsu, honorary chairman of Japanese oil distributor Idemitsu Kosan Co., heads to a meeting in Tokyo between two Idemitsu public foundations on Sept. 3, 2016. The two entities, headed by the eldest son of Idemitsu's founder, decided to oppose a proposed merger between Idemitsu and rival Showa Shell Sekiyu K.K. (Kyodo) ==Kyodo

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Idemitsu founding family moving against merger with Showa Shell

Shosuke Idemitsu, honorary chairman of Japanese oil distributor Idemitsu Kosan Co., heads to a meeting in Tokyo between two Idemitsu public foundations on Sept. 3, 2016. The two entities, headed by the eldest son of Idemitsu's founder, decided to oppose a proposed merger between Idemitsu and rival Showa Shell Sekiyu K.K. (Kyodo) ==Kyodo

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Showa Shell unveils large-scale biomass power plant

Showa Shell Sekiyu K.K. shows to the press on Nov. 9, 2015, its Keihin biomass power plant fueled by woody biomass in Kawasaki, Japan. The plant has an output capacity of 49,000 kW and can fulfill demand from about 83,000 households. (Kyodo) ==Kyodo

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Japan oil distributor Idemitsu mulls buying rival Showa Shell

TOKYO, Japan - Combined photo taken Dec. 20, 2014, in Tokyo's Chuo Ward shows the signboards of gas stations affiliated with Idemitsu Kosan Co. (R) and Showa Shell Sekiyu K.K., respectively. Idemitsu, Japan's second-largest oil distributor, is considering acquiring fifth-ranked Showa Shell through a tender offer, sources familiar with the move said the same day. (Kyodo)

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Gas stop-pizza shop in Japan

Photo taken Dec. 13, 2018, shows a Showa Shell Sekiyu K.K. gas station in Tokyo, with a pizza shop to attract more consumers. (Kyodo) ==Kyodo

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Idemitsu, Showa Shell logos

Combined photo shows the logos of Japanese petroleum companies Idemitsu Kosan Co. (L) and Showa Shell Sekiyu K.K. (Kyodo) ==Kyodo

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Showa Shell logo

File photo taken June 28, 2018, in Tokyo shows the Showa Shell Sekiyu K.K. logo. (Kyodo) ==Kyodo

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Showa Shell logo

File photo taken June 28, 2018, in Tokyo shows the Showa Shell Sekiyu K.K. logo. (Kyodo) ==Kyodo

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Many firms hold shareholders' meetings

Shareholders of Idemitsu Kosan Co. head for their general meeting in Tokyo on June 29, 2017. The management integration of the major oil distributor and Showa Shell Sekiyu K.K. has been postponed. (Kyodo) ==Kyodo

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Many firms hold shareholders' meetings

Shareholders of Idemitsu Kosan Co. head for their general meeting in Tokyo on June 29, 2017. The management integration of the major oil distributor and Showa Shell Sekiyu K.K. has been postponed. (Kyodo) ==Kyodo

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Oil wholesalers Idemitsu Kosan, Showa Shell to delay merger

Tsuyoshi Kameoka (L), chief executive officer of Showa Shell Sekiyu K.K., speaks at a news conference in Tokyo on Oct. 13, 2016, as Takashi Tsukioka, chief executive officer of Idemitsu Kosan Co. listens. The two oil distributors announced that they have decided to suspend their planned April merger, as Idemitsu has yet to gain consent for the deal from the founding family. (Kyodo) ==Kyodo

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Oil wholesalers Idemitsu Kosan, Showa Shell to delay merger

Tsuyoshi Kameoka (L), chief executive officer of Showa Shell Sekiyu K.K., and Takashi Tsukioka, chief executive officer of Idemitsu Kosan Co., hold a joint news conference in Tokyo on Oct. 13, 2016. The two oil distributors announced that they have decided to suspend their planned April merger, as Idemitsu has yet to gain consent for the deal from the founding family. (Kyodo) ==Kyodo

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Showa Shell to build 3rd solar cell plant

TOKYO, Japan - Jun Arai (R), president of Showa Shell Sekiyu K.K., speaks during a news conference with Chairman Shigeya Kato in Tokyo on Sept. 7, 2009. They announced that wholly owned subsidiary Showa Shell Solar Co. will build a third plant for thin-layer photovoltaic cells in Miyazaki Prefecture at a cost of 100 billion yen to beef up its solar cell business. (Kyodo)

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Japan Engery, Showa Shell to integrate refining operations

TOKYO, Japan - Akihiko Nomiyama (L), president of Japan Energy Corp., and Haruyuki Niimi, president and chairman of Showa Shell Sekiyu K.K., hold a press conference in Tokyo on March 17 in which they announced the companies have reached a basic agreement to integrate their oil refining and distribution operations.

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Prosecutors raid 11 oil firms over bid rigging

TOKYO, Japan - Prosecutors head for the main office of Nippon Mitsubishi Oil Corp. in Tokyo on Oct. 14 to raid the company on suspicion of rigging bids on fuel sold to the Defense Agency. Simultaneously, 10 other wholesalers -- Showa Shell Sekiyu K.K., Japan Energy Corp., Cosmo Oil Co., Idemitsu Kosan Co., General Sekiyu K.K., Fuso Sekiyu K.K., Kyushu Oil Co., Kygnus Sekiyu K.K., Taiyo Oil Co. and Taiho Industries Co.-- were raided on the same suspicion.