Management Strategy
Nippon Oil and Nippon Mining Holdings have established the holding company, JX Holdings, by jointly conducting a share transfer on April 1, 2010.
Please refer to the following basic management strategy which was compiled by press releases announced on Oct. 30, 2009 and on Dec. 25, 2009.
As for the management strategy of the integrated group, please refer to "Medium-Term Management Plan (from 2010 to 2012)/Long-Term Vision", which was announced on 10 May, 2010.
Basic Strategy of the Integrated Group
- Aim to become one of the largest "integrated energy, resources and materials business groups" in the world.
- Maximize corporate value by prioritizing the distribution of management resources in areas offering the highest profitability.
- Promote projects that assist in the creation of a better global environment and innovation of new technologies, and contribute to the development of a sustainable economy and society.
Individual Business Strategy of Core Businesses
- Petroleum Refining & Marketing Business
JX Nippon Oil & Energy Corporation -
Undertake fundamental structural reforms that anticipate future changes in business Environment
- Decrease oil refining capacity, increase efficiency of and value-added to refining facilities
- Maximization of synergies, significant improvement of cost competitiveness
- Global expansion of operations
Strive to be an integrated energy company that responds to our customers' needs
- Improve customer satisfaction and strengthen brand value
- Engage in new energy businesses such as fuel cells and photovoltaic power generation
- Oil and Natural Gas E&P Business
JX Nippon Oil & Gas Exploration Corporation -
Aim for sustainable growth while responding flexibly to changes in the business environment
- Actively making investments while carrying out thorough risk management.
Strengthen the operating base on a global scale
- Accumulate technology and strengthen relationships with governments of oil-producing countries and business partners
- Metals Business
JX Nippon Mining & Metals Corporation -
Aim to establish a global integrated production system centered on the copper business
- Actively develop copper mines, improve the equity base entitlement volume of copper and investment returns
- Develop innovative copper-smelting technologies
Aim to have one of the top market shares in areas in which significant growth is expected
- Introduce high-functionality materials to the electronic materials business
- Promote the recycling and environmental services business
- Encourage growth of titanium and polysilicon manufacturing businesses
