Japan Energy
| Company type | Subsidiary |
|---|---|
| Industry | Petroleum, Mining, Electronic materials, Transportation, Construction, Engineering |
| Predecessor | Nippon Mining Company, Ltd., Kyodo Oil Company, Ltd. |
| Founded | 1992 |
| Defunct | 2010 |
| Fate | Merged into JX Holdings |
| Successor | JX Nippon Oil & Energy, JX Nippon Oil & Gas Exploration |
| Headquarters | Hitachi , Japan |
Area served | Japan |
| Products | Petroleum products (retail under JOMO brand) |
| Parent | Nippon Mining Holdings (later JXTG Nippon Mining & Metals) |
was a Japanese company specializing in petroleum and functioned as a fully owned subsidiary of Nippon Mining Holdings (currently known as JXTG Nippon Mining & Metals). Its petroleum products were retailed through filling stations under the brand JOMO ("joy of motoring").
In addition to its petroleum business, Japan Energy was active in sectors such as mining, electronic materials, transportation, construction, and engineering.
History
The company began in 1905 as a mining enterprise based in Hitachi, Ibaraki, later expanding into oil exploration by 1914. An employee named Namihei Odaira founded Hitachi within the mining site in 1908. After joining the Nissan Group, the company adopted the name Nippon Mining Company, Ltd. in 1929.
Under the guidance of the Ministry of International Trade and Industry in 1966, the oil division of Nippon Mining merged its downstream operations with Asia Oil and Toa Oil, creating Kyodo Oil Company, Ltd. ("Amalgamated Oil Company").
Due to financial difficulties faced by Kyodo Oil, a merger occurred in 1992 between Nippon Mining and Kyodo, initially forming Nikko Kyodo Company, Ltd. before being renamed Japan Energy Corporation in 1993. At the same time, mining activities were separated into Nippon Mining & Metals Company, Ltd.. In 2002, both firms established Nippon Mining Holdings, Inc. as their parent company. Although these entities continued to exist, they were removed from stock exchange listings.
By 2003, Japan Energy became part of a consortium focused on natural gas exploration off the coast of Aomori. In 2010, Nippon Mining merged with Nippon Oil to create JX Holdings, reorganizing petroleum-related assets into JX Nippon Oil & Energy and JX Nippon Oil & Gas Exploration.
See also
- ampm – ampm Japan operated as a subsidiary of Kyodo Oil/Japan Energy until 2004
- Energy in Japan
External links
- Articles with short description
- Non-renewable resource companies established in 1992
- Energy companies established in 1992
- Energy companies disestablished in 2010
- Japanese companies established in 1992
- Japanese companies disestablished in 2010
- Oil companies of Japan
- Non-renewable resource companies disestablished in 2010
- Companies formerly listed on the Tokyo Stock Exchange