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Idemitsu Kosan Co. (5019) investor relations material
Idemitsu Kosan Co. Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for 3Q FY2025 were ¥5,944.6 billion, down 13.6% year-over-year, with operating income of ¥36.7 billion, down 70.2%, and net income attributable to owners at ¥52.6 billion, down 58.7%.
Operating and net income declined due to major planned maintenance, lower coal prices, and inventory valuation losses.
Despite declines, full-year forecasts remain unchanged, with increased sales volume anticipated in Q4.
Strategic initiatives include consolidation of Fuji Oil as a subsidiary, new chemical recycling facilities, and major business integrations in chemicals.
Comprehensive income for the period was ¥87.9 billion, a 35.5% decrease year-over-year.
Financial highlights
Gross profit for the nine months was ¥431.4 billion, down from ¥507.1 billion year-over-year.
EPS for the period was ¥42.93, compared to ¥94.43 in the prior year.
Net sales for 3Q FY2025 were ¥5,944.6 billion, down 13.6% year-over-year.
Operating income (excluding inventory impact) fell 72.3% to ¥40.3 billion.
Net income attributable to owners (excluding inventory impact) dropped 26.3% to ¥105.7 billion.
Outlook and guidance
Full-year forecast for FY2026 remains unchanged: net sales ¥7,950.0 billion, operating income ¥68.0 billion, net income attributable to owners ¥75.0 billion, and EPS ¥61.24.
Assumptions include Dubai crude at $66.7/bbl, Australian coal at $104.6/ton, and an exchange rate of ¥145.5/USD.
Sensitivity analysis shows significant earnings impact from fluctuations in crude oil prices and exchange rates.
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