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ENEOS Holdings (5020) investor relations material
ENEOS Holdings Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 FY2025 profits rose, driven by improved petroleum product margins and a one-time gain from the sale of the maritime transportation business, offsetting declines in Oil & Gas E&P due to lower oil prices and yen appreciation.
Revenue for 1H FY2025 was ¥5,691,922 million, down 5.3% year-over-year, while operating profit surged to ¥166,738 million from ¥77,336 million, and profit before tax rose to ¥157,896 million from ¥64,874 million.
Profit attributable to owners of the parent was ¥64,754 million, with basic profit per share at ¥24.07, up from ¥23.40 in 1H FY2024.
Full-year operating profit outlook was revised downward due to deteriorating inventory valuation from falling oil prices, but operating profit excluding inventory valuation is expected to be higher than previous estimates.
Total comprehensive income increased to ¥76,492 million from ¥66,523 million year-over-year.
Financial highlights
H1 FY2025 revenue fell 10% year-over-year to ¥5,691.9 bn; operating profit rose 14% to ¥166.7 bn.
Operating profit excluding inventory valuation increased 31% to ¥273.5 bn; profit attributable to owners of the parent (excl. inventory valuation) up 25% to ¥139.6 bn.
Inventory valuation loss widened by ¥44.6 bn year-over-year.
Full-year FY2025 revenue outlook cut by ¥300 bn to ¥11,400 bn; operating profit forecast reduced by ¥70 bn to ¥290 bn.
Excluding inventory valuation, full-year operating profit forecast raised by ¥10 bn to ¥420 bn.
Outlook and guidance
FY2025 revenue is forecast at ¥11,400,000 million, down 7.5% year-over-year.
Operating profit is projected at ¥290,000 million, with profit before tax at ¥275,000 million and profit attributable to owners of the parent at ¥135,000 million.
Basic profit per share is forecast at ¥50.19.
Operating profit excluding inventory valuation factors is forecast at ¥420,000 million, up 156.6% year-over-year.
Annual dividend forecast revised upward to ¥34.00 per share.
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