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Press Release

Revision of Corporate Organization

May 13, 2014
Cosmo Oil Co., Ltd.
Corporate Communications Dept.
Public Relations Office

Cosmo Oil Co., Ltd. (Representative Director and President: Keizo Morikawa) announce the revision of the corporate organization in order to further enhance its cost competitiveness and strengthen its functionality, effective as of June 24, 2014.

1. Changes to the Organization

(1) Establishment of an affiliate company in charge of back office administration. Some functions handled by Corporate Management Unit will be transferred to this newly established affiliate company.

(2) Establishment of an Accounting/Finance Department by merging the Accounting Department and the Finance Department. The new department will remain as part of the Corporate Management Unit.

(3) Establishment of a new Supply Department by merging the Supply Department and Petroleum Products Department. The new department will remain as part of the Supply Business Unit.

(4) Re-naming the CSR & Environment Affairs Department to CSR Management Department. The re-named department will remain as part of the Risk Management Unit.

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