Japan Oil Transportation (9074) Q1 2025 earnings summary

Executive summary

• Revenue increased 4.5% year-over-year to ¥8,247 million for the first quarter ended June 30, 2024, but operating loss widened to ¥66 million due to higher personnel and repair costs.

• Ordinary profit declined 35.5% year-over-year to ¥37 million, while net profit attributable to shareholders surged 462.9% to ¥142 million, driven by gains on sale of investment securities.

• The business environment remained challenging due to rising energy and raw material costs, labor shortages, and economic uncertainties.

Financial highlights

• Revenue: ¥8,247 million (up 4.5% year-over-year).

• Operating loss: ¥66 million (vs. ¥52 million loss last year).

• Ordinary profit: ¥37 million (down 35.5% year-over-year).

• Net profit: ¥142 million (up 462.9% year-over-year).

• Comprehensive income: ¥366 million (up 69.7% year-over-year).

Outlook and guidance

• No changes to previously announced full-year guidance: revenue forecast at ¥35,500 million (+1.5%), operating profit ¥1,500 million (+40.7%), ordinary profit ¥1,650 million (+30.5%), net profit ¥1,200 million (+4.0%).

• Interim and year-end dividends forecast unchanged at ¥50 per share each, totaling ¥100 per share for the year.