Cosmo Energy Holdings (5021) Q3 2026 earnings summary

Executive summary

• Q3 FY2025 ordinary profit was ¥83.5bn, including a ¥30.0bn negative inventory valuation impact; excluding it, ordinary profit was ¥113.5bn.

• Profit attributable to owners of parent was ¥34.9bn, or ¥55.9bn excluding inventory valuation.

• FY2025 earnings forecast remained unchanged.

Financial highlights

• Net sales were ¥2,008.1bn, down ¥30.3bn (1.5%) YoY; operating profit was ¥87.8bn, down ¥0.3bn YoY.

• Ordinary profit fell ¥14.0bn YoY; excluding inventory valuation, the decline was ¥3.2bn.

• Profit attributable to owners of parent fell ¥8.4bn YoY; excluding inventory valuation, the decline was ¥0.8bn.

• Gross profit increased to ¥225.8bn from ¥217.2bn YoY; comprehensive income was ¥42.4bn, up 3.1%.

Outlook and guidance

• FY2025 forecast: ordinary profit ¥121.0bn, or ¥165.0bn excluding inventory valuation; profit attributable to owners of parent ¥53.0bn, or ¥84.0bn excluding inventory valuation.

• FY2025 forecast net sales were ¥2,580bn and operating profit ¥123bn.

• FY2025 shareholder returns were based on forecast net profit of ¥84bn, above the MTMP target of ¥60bn excluding inventory valuation.