Idemitsu Kosan Co.,Ltd.
Notice of Revision to Full-Year Consolidated Earnings Forecast and Dividend Forecast for the Fiscal Year Ending March 2027
Due to strong fuel oil trading and resource businesses and an improved crude oil price outlook, the consolidated earnings forecast for the fiscal year ending March 2027 has been significantly revised upward. Profit before income taxes excluding financial expenses increased by 100,000 million yen from the previous forecast, net income attributable to owners of parent increased by 75,000 million yen, and earnings per share have been raised to 244.88 yen. The dividend forecast has also been revised upward from a total of 40 yen to 44 yen (interim + year-end), and the progressive dividend policy will be continued.
Key Figures
- Revised consolidated earnings forecast for the fiscal year ending March 2027: Profit before income taxes excluding financial expenses 240,000 million yen; Net income attributable to owners of parent 165,000 million yen; Net income attributable to owners of parent 295,000 million yen
- Dividend per share: Revised total 40 yen (Interim 18 yen, Year-end 22 yen)
- Dividend policy: Continue progressive dividend, raise year-end dividend to 22 yen
AI要約
Overview of Earnings Revisions
We have significantly raised the consolidated earnings forecast for the fiscal year ending March 2027. Strong performance in overseas operations and an improved crude oil price outlook have led to a substantial upward revision in profit before income taxes excluding financial expenses compared with the previous forecast, and we expect a significant increase in net income attributable to owners of parent. As a result, earnings per share will rise markedly to 244.88 yen. This revision of the earnings forecast is being announced separately from the financial summary.
Dividend Policy and Shareholder Returns
Under our progressive dividend policy, the year-end dividend forecast has been revised to 22 yen, setting a floor of 44 yen for the annual dividend. Both interim and year-end dividends will be maintained or increased (interim maintained at 22 yen and year-end increased), and we will aim for a total shareholder return ratio of 50% or more. Taking into account our financial position, we continue to indicate the possibility of long-term progressive dividends.
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Operating Profit Trend
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Margin Analysis
Comparison of Forecast and Actual
Idemitsu Kosan Co.,Ltd.
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