San-Ai Obbli (8097) Q3 2025 earnings summary

Executive summary

• Net sales for FY2024 3Q decreased by 2.2% year-over-year to ¥474,825 million, mainly due to lower petroleum product sales volume and revised aviation fuel handling fees.

• Operating profit dropped 32.8% year-over-year to ¥8,599 million, and ordinary profit fell 30.2% to ¥9,457 million.

• Profit attributable to owners of parent declined 21.6% year-over-year to ¥6,562 million, impacted by lower aviation segment profits and higher SG&A expenses.

• Extraordinary gain of ¥2,920 million from sale of investment securities and extraordinary losses of ¥1,283 million due to impairment in the LPG/gas business.

• Comprehensive income decreased 43.2% year-over-year to ¥5,602 million.

Financial highlights

• Net sales: ¥474,825 million (down 2.2% year-over-year).

• Operating profit: ¥8,599 million (down 32.8% year-over-year).

• Ordinary profit: ¥9,457 million (down 30.2% year-over-year).

• Profit attributable to owners of parent: ¥6,562 million (down 21.6% year-over-year).

• Gross profit: ¥43,717 million, down from ¥46,413 million year-over-year.

• Earnings per share for the nine months: ¥103.33, compared to ¥127.08 in the prior year.

• Total assets as of December 31, 2024: ¥209,944 million, down from ¥218,607 million at the previous fiscal year-end.

• Cash and cash equivalents decreased by ¥15,548 million to ¥37,832 million.

Outlook and guidance

• FY2024 full-year net sales forecast: ¥650,000 million; ordinary profit forecast: ¥13,000 million.

• Operating profit projected at ¥12,500 million (-25.9% year-over-year), profit attributable to owners of parent at ¥9,500 million (-15.3%).

• Earnings per share for the full year is forecast at ¥147.72.

• Ordinary profit expected to exceed pre-COVID-19 levels despite current declines.

• Gas-related business expects to catch up in 4Q due to seasonal demand.

• Annual dividend per share forecast at ¥100, with a total return ratio expected at approximately 108%.

• No revisions have been made to previously announced forecasts.