Idemitsu has a structure that establishes intellectual property departments in each division to swiftly and effectively solve issues in line with each business’s characteristics and strategies in a wide range of business fields. These divisional intellectual property departments act in collaboration with the Intellectual Property Department to smoothly carry out a range of intellectual property activities, such as surveying and analyzing intellectual property-related information as well as filing for and utilizing intellectual property while engaging in external negotiations.
In the petroleum field, we have completed the filing of applications for trademark and design registration regarding the apollostation brand, which was renewed in 2021, to protect its brand value. In the lubricants field, we command a large share of the global market for refrigerating machine oil, which is one of our strengths, and we have established global patent portfolios.
Because market growth is expected in the OLED business, the core field of the electronic materials business, we have entered into alliance agreements with companies in Japan and overseas that hold useful patents related to OLED materials, enabling the mutual use of patents in specific fields. Through these and other measures, we are working to create and expand businesses while expanding the areas in which development is possible.