San-Ai Obbli (8097) Q2 2026 earnings summary

Executive summary

• Net sales for FY2025 2Q rose 0.4% year-over-year to ¥308.4 billion, but profits declined sharply due to weak petroleum segment performance and market price distortions.

• Operating profit fell 31.6% year-over-year to ¥3.78 billion, ordinary profit dropped 28.8% to ¥4.31 billion, and profit attributable to owners of parent decreased 37.0% to ¥2.83 billion.

• Comprehensive income decreased 18.2% year-over-year to ¥3,230 million.

• Volatile market conditions, government fuel price interventions, and Middle East tensions impacted results.

Financial highlights

• Net sales: ¥308.4 billion (+0.4% YoY); Operating profit: ¥3.78 billion (-31.6% YoY); Ordinary profit: ¥4.31 billion (-28.8% YoY); Net profit: ¥2.83 billion (-37.0% YoY).

• Gross profit declined to ¥26,780 million from ¥28,995 million year-over-year.

• Basic earnings per share dropped to ¥45.38 from ¥70.20 year-over-year.

• Equity ratio increased to 58.0% from 54.8% at prior year-end.

• Decline in profits mainly due to petroleum segment, especially at Kygnus Sekiyu K.K.

Outlook and guidance

• Full-year forecast: Net sales ¥660.0 billion, operating profit ¥13.0 billion, ordinary profit ¥14.0 billion, net profit ¥9.1 billion.

• Earnings per share forecasted at ¥146.02 for the full year.

• Dividend forecast maintained at ¥100 per share annually.

• 2Q progress rates: Net sales 46.7%, operating profit 29.1%, ordinary profit 30.8%, net profit 31.1%.

• Focus on recovering petroleum segment profitability and maintaining strong performance in gas and aviation.