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Cosmo Energy Holdings (5021) investor relations material
Cosmo Energy Holdings Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
1H FY2026 ordinary profit was ¥232.2bn; excluding inventory valuation impact, it was ¥109.7bn, up ¥36.8bn YoY.
Profit attributable to owners of parent was ¥147.4bn, or ¥61.6bn excluding inventory valuation impact.
Financial highlights
Net sales rose ¥229.7bn YoY to ¥1,563.5bn; operating profit rose ¥164.5bn to ¥224.8bn.
Ordinary profit increased ¥179bn YoY, including a ¥122.5bn inventory valuation impact; excluding that impact, it rose ¥36.8bn to ¥109.7bn.
Profit attributable to owners of parent increased ¥123.8bn YoY to ¥147.4bn; excluding inventory valuation impact, it rose ¥24.2bn to ¥61.6bn.
Outlook and guidance
FY2026 forecast remained unchanged: ordinary profit ¥115.0bn, including ¥5.0bn inventory valuation impact; adjusted ordinary profit ¥110.0bn.
Forecast profit attributable to owners of parent is ¥44.0bn, or ¥40.0bn excluding inventory valuation impact; planned annual dividend is ¥165 per share, including a ¥75 interim dividend.
Forecast assumptions include Dubai crude at $89/bbl and ¥155/$; falling crude prices may cause negative time-lag effects in H2.
- Net-zero plans advance alongside CCS, SAF, workforce development and refinery digitization.5021
ESG update - 2030 emissions cuts and 2050 net zero underpin clean-energy, digital and talent initiatives.5021
ESG update - Scope 1+2 emissions fell 24% from FY2013 as GX, workforce and DX initiatives advanced.5021
ESG update - Q1 profit surged on stronger petroleum margins; FY2024 guidance held despite a wind project write-off.5021
Q1 2025 - Record Q3 ex-inventory profit; 61% payout includes a ¥330 dividend and planned buyback.5021
Q3 2025 - Record adjusted FY 2024 ordinary profit; FY 2025 profit forecast lower as capex rises.5021
Q4 2025 - Inventory valuation drove Q1 ordinary profit to ¥4.2bn; excluding it, profit was ¥21.1bn.5021
Q1 2026 - Inventory-adjusted ordinary profit was ¥72.9bn; FY2025 guidance remained unchanged.5021
Q2 2026 - FY2025 operating profit rose 12.9%; FY2026 profit is forecast lower amid Middle East risks.5021
Q4 2026
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