Cosmo Energy Holdings (5021) Q1 2026 earnings summary

Executive summary

• 1Q FY2025 saw consolidated ordinary profit of ¥4.2 billion, with profit excluding inventory valuation at ¥21.1 billion, impacted by a negative inventory valuation of ¥16.9 billion.

• Net sales for Q1 FY2025 were ¥648.5 billion, down 1.0% year-over-year, with an operating profit of ¥8.0 billion, down 82.3% year-over-year, and a net loss attributable to owners of parent of ¥2.0 billion compared to a profit of ¥24.7 billion in Q1 FY2024.

• Comprehensive income turned negative at -¥1.4 billion, compared to ¥28.4 billion in the prior year.

• The full-year earnings forecast for FY2025 remains unchanged.

Financial highlights

• Net sales for 1Q FY2025 were ¥648.5 billion, down ¥6.6 billion year-over-year.

• Operating profit was ¥8.0 billion, down ¥37.0 billion year-over-year.

• Ordinary profit dropped by ¥48.9 billion year-over-year to ¥4.2 billion.

• Gross profit for Q1 FY2025 was ¥52.5 billion, down from ¥85.3 billion in Q1 FY2024.

• Net worth as of June 30, 2025, was ¥562.9 billion, with a net worth ratio of 26.7%.

Outlook and guidance

• FY2025 consolidated ordinary profit forecast is ¥121.0 billion, with ¥165.0 billion expected excluding inventory valuation.

• FY2025 full-year net sales forecast is ¥2,580.0 billion, down 7.9% year-over-year.

• Operating profit forecast is ¥123.0 billion (down 4.1%), ordinary profit ¥121.0 billion (down 19.7%), and profit attributable to owners of parent ¥53.0 billion (down 8.1%).

• Dividend per share is planned at ¥330 (pre-share split basis), with a two-for-one share split scheduled for October 2025 and 5.83 million treasury shares to be canceled in August 2025.

• Net income per share forecast is ¥323.76, reflecting the planned share split and treasury share cancellation.