JXTG Holding's revised forecast of financial result FY 2020

JXTG Holdings, Inc. in Japan announced a sales revenue forecast of approximately 10,050 billion Japanese yen for the fiscal year 2020, a decline of 350 billion yen compared to the previous forecast published in November 2019. The forecast for the operating income in the same year decreased by approximately 490 billion yen compared to the previous reporting. Headquartered in Tokyo, JXTG Holdings, Inc. is a Japanese petroleum and metals company established in 2010.
In the forecast revision report, the company states the impact of the novel coronavirus (COVID-19) as the main reason for the revised numbers.