Worth reading
66In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
10497
¥ million (year-on-year decrease in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAPNet Sales65,114¥ millionYear on year -21.4%Progress 20.7%
Operating profit6,202¥ millionYear on year -62.9%Progress 13.5%
Ordinary income5,773¥ millionYear on year -72.3%Progress 12.6%
Net income attributable to owners of the parent3,240¥ millionYear on year -79.4%Progress 5.0%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥12.66
Financial position at period-end
Total assets859,805¥ million
of which net assets 623,535 ¥ millionEquity ratio 68.8%vs. prior year-end -4.0pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Segment revenueSegment Japan / Current fiscal year ¥46,655 million / Prior-year period ¥59,441 million / yoy_pct Not disclosed, Segment North America / Current fiscal year ¥15,633 million / Prior-year period ¥16,303 million / yoy_pct Not disclosed, Segment Europe / Current fiscal year ¥2,794 million / Prior-year period ¥6,249 million / yoy_pct Not disclosed, Segment Middle East / Current fiscal year ¥31 million / Prior-year period ¥849 million / yoy_pct Not disclosed
Segment profitSegment Japan / Current fiscal year ¥2,329 million / Prior-year period ¥9,420 million / yoy_pct Not disclosed, Segment North America / Current fiscal year ¥6,548 million / Prior-year period ¥6,864 million / yoy_pct Not disclosed, Segment Europe / Current fiscal year ¥1,340 million / Prior-year period ¥3,104 million / yoy_pct Not disclosed, Segment Middle East / Current fiscal year -¥109 million / Prior-year period ¥621 million / yoy_pct Not disclosed
Regional sales¥46,655 million, ¥15,633 million, ¥2,794 million, ¥31 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥314,000 million (YoY -7.7%)
Operating profit¥46,000 million (YoY +18.2%)
Ordinary income¥46,000 million (YoY -25.3%)
Net income¥65,000 million (YoY +21.7%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥314,000 million / Operating profit Not disclosed → ¥46,000 million / Ordinary income Not disclosed → ¥46,000 million / Net income Not disclosed → ¥65,000 million
Annual Dividend Forecast¥65 → ¥45（-30.8%）
Factors Behind Changes in Business Performance
Lower crude oil sales volumes; higher LNG procurement costs due to spot procurement of LNG cargoes from other regions following the closure of the Strait of Hormuz; higher exploration expenses, selling expenses and general and administrative expenses; lower equity-method investment income; and the change from a gain on valuation of derivatives to a loss on valuation of derivatives.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name None (no material changes)
Material subsequent eventsThe Company resolved to sell part of one investment security holding and expects to record a gain on sale of investment securities of approximately ¥6 billion as extraordinary income in the fiscal year ending March 2027. In addition, the Company plans to acquire all equity interests in four Fundare companies and acquire U.S. tight oil and gas assets. The acquisition is expected to take place in the third quarter of the fiscal year ending March 2027, at an expected acquisition price of approximately US$320 million.
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of non-current assets / Amount ¥0 million / Extraordinary loss Item Loss on Disposal of Fixed Assets / Amount ¥0 million
Depreciation and amortization¥8,647 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End257,000,380 shares
Treasury Shares at Period-End1,001,089 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | ¥65,114 million (YoY -21.4%) |
| Operating profit | ¥6,202 million (YoY -62.9%) |
| Ordinary income | ¥5,773 million (YoY -72.3%) |
| Profit attributable to owners of the parent | ¥3,240 million (YoY -79.4%) |
| Net income per share | ¥12.66 |
| Equity ratio | End of the current fiscal period 68.8% / End of previous period 72.8% |
| Total assets | ¥859,805 million |
| Net assets | ¥623,535 million |
| Full-year earnings forecast | Net Sales ¥314,000 million (YoY -7.7%) / Operating profit ¥46,000 million (YoY +18.2%) / Ordinary income ¥46,000 million (YoY -25.3%) / Net income ¥65,000 million (YoY +21.7%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → ¥314,000 million / Operating profit Not disclosed → ¥46,000 million / Ordinary income Not disclosed → ¥46,000 million / Net income Not disclosed → ¥65,000 million |
| Annual Dividend Forecast | ¥65 → ¥45（-30.8%） |
| Segment revenue | Segment Japan / Current fiscal year ¥46,655 million / Prior-year period ¥59,441 million / yoy_pct Not disclosed, Segment North America / Current fiscal year ¥15,633 million / Prior-year period ¥16,303 million / yoy_pct Not disclosed, Segment Europe / Current fiscal year ¥2,794 million / Prior-year period ¥6,249 million / yoy_pct Not disclosed, Segment Middle East / Current fiscal year ¥31 million / Prior-year period ¥849 million / yoy_pct Not disclosed |
| Segment profit | Segment Japan / Current fiscal year ¥2,329 million / Prior-year period ¥9,420 million / yoy_pct Not disclosed, Segment North America / Current fiscal year ¥6,548 million / Prior-year period ¥6,864 million / yoy_pct Not disclosed, Segment Europe / Current fiscal year ¥1,340 million / Prior-year period ¥3,104 million / yoy_pct Not disclosed, Segment Middle East / Current fiscal year -¥109 million / Prior-year period ¥621 million / yoy_pct Not disclosed |
| Regional sales | ¥46,655 million, ¥15,633 million, ¥2,794 million, ¥31 million |
| Depreciation and amortization | ¥8,647 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Item Gain on sale of non-current assets / Amount ¥0 million / Extraordinary loss Item Loss on Disposal of Fixed Assets / Amount ¥0 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name None (no material changes) |
| Material subsequent events | The Company resolved to sell part of one investment security holding and expects to record a gain on sale of investment securities of approximately ¥6 billion as extraordinary income in the fiscal year ending March 2027. In addition, the Company plans to acquire all equity interests in four Fundare companies and acquire U.S. tight oil and gas assets. The acquisition is expected to take place in the third quarter of the fiscal year ending March 2027, at an expected acquisition price of approximately US$320 million. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 257,000,380 shares |
| Treasury Shares at Period-End | 1,001,089 shares |
| Factors Behind Changes in Business Performance | Lower crude oil sales volumes; higher LNG procurement costs due to spot procurement of LNG cargoes from other regions following the closure of the Strait of Hormuz; higher exploration expenses, selling expenses and general and administrative expenses; lower equity-method investment income; and the change from a gain on valuation of derivatives to a loss on valuation of derivatives. |
Items this document does not state (9)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyOrders received and order backlogImpairment loss
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Crude oil sales volumes declined, and LNG procurement costs increased because LNG cargoes that had been planned for procurement from within the Persian Gulf were instead sourced on the spot market from other regions following the closure of the Strait of Hormuz. Exploration expenses, selling expenses and general and administrative expenses also increased. Ordinary income was additionally affected by a decrease in equity-method investment income and the change from a gain on valuation of derivatives to a loss on valuation of derivatives.
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