ENEOS Holdings, Inc.
Notice Regarding Revision of Full-Year Consolidated Earnings Forecast for the Fiscal Year Ending March 2027 and Recognition of Impairment Losses at a Consolidated Subsidiary
While recording an impairment loss in the renewable energy business, the company revised up its full-year forecast for the fiscal year ending March 2027. Net sales were raised from the prior forecast to 13,860,000 million yen, and operating income was revised to 910,000 million yen. The impairment amounted to 1,118 hundred million yen and reduced net income attributable to owners of parent by -97,800 million yen. Assumptions for crude oil prices and the yen exchange rate were revised upward as favorable factors, indicating an expected improvement in full-year profits.
Key Figures
- Net Sales: 13,860,000 million yen
- Operating Income: 910,000 million yen
- Net Income Attributable to Owners of Parent: 615,000 million yen
AI要約
Revision of Earnings Forecast and Recognition of Impairment
An impairment loss of 1,118 hundred million yen was recognized in the renewable energy business segment. At the same time, the full-year earnings forecast was revised upward to reflect assumptions for crude oil prices and exchange rates. Net sales are expected to exceed the previous forecast, and operating income and net income attributable to owners of parent have been significantly revised upward. The primary causes of the impairment are reduced future cash flows and an increase in discount rates. Excluding inventory effects, operating income is expected to be 770,000 million yen. The company will also work to improve the profitability of existing power plants.
Outlook and Segment Contributions
By business segment, increases in profits are expected in petroleum products and other businesses, oil and gas development, functional materials, and electricity businesses, while the renewable energy business is expected to see decreased profits. Assumptions for crude oil prices and exchange rates are expected to be favorable, and the company intends to continue improving profitability through measures such as co-locating energy storage systems. Future disclosures will continue to describe selection of specific new development projects and strict investment discipline.
ENEOS Holdings, Inc.
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