Results for this period
Full year1 April 2025–31 March 2026ConsolidatedIFRSThe 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.
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.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
The factors affecting results were the decline in average crude oil prices for the period, increased export volumes of petroleum products, improved refinery utilization, narrower losses arising from the inventory impact, gains on the sale of the shipping business, higher electricity sales volumes and the commencement of full-scale operations at the Goi Thermal Power Plant, and higher profit in the Other Businesses. In Oil and Natural Gas Exploration and Production, lower production volumes and selling prices reduced profit. In Functional Materials, higher expenses, lower butadiene market prices and impairment losses reduced profit.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | IFRS |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥11,765,470 million (YoY -4.5%) |
| Operating profit | ¥466,627 million (YoY +339.8%) |
| Ordinary income | ¥448,755 million (YoY +408.7%) |
| Profit attributable to owners of the parent | ¥258,726 million (YoY +14.4%) |
| Net income per share | ¥96.18 |
| Operating Margin | 4 % |
| Equity ratio | End of the current fiscal period 37.1 / End of previous period 35.3 |
| Total assets | ¥9,094,314 million |
| Net assets | ¥3,758,201 million |
| Cash flows from operating activities | ¥619,983 million |
| Cash flows from investing activities | ¥-251,951 million |
| Cash flows from financing activities | ¥-361,034 million |
| Cash and cash equivalents at end of period | ¥877,295 million |
| Full-year earnings forecast | Net Sales ¥12,850,000 million (YoY +9.2%) / Operating profit ¥610,000 million (YoY +30.7%) / Ordinary income ¥590,000 million (YoY +31.5%) / Net income ¥415,000 million (YoY +60.4%) |
| Annual Dividend Forecast | ¥26 per share → ¥34 per share（+30.8%） |
| Payout ratio | Fiscal year ending March 2026 35.4 / Forecast for the fiscal year ending March 2027 22 |
| Segment revenue | Petroleum products and other ¥10,395,319 million (YoY -5.3%), Oil and natural gas development ¥216,747 million (YoY -10.7%), Functional Materials ¥338,988 million (YoY -2.3%), Electricity ¥349,219 million (YoY +9.2%), Renewable Energy ¥48,657 million (YoY +10.7%), Other ¥520,031 million (YoY +3.5%) |
| Segment profit | Petroleum products and other ¥292,362 million, Oil and natural gas development ¥50,833 million, Functional Materials ¥11,076 million, Electricity ¥21,996 million, Renewable Energy ¥-929 million, Other ¥92,759 million |
| Depreciation and amortization | ¥329,195 million |
| Impairment loss | ¥48,011 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement Not disclosed |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name None |
| Material subsequent events | Execution of an agreement to acquire shares in companies engaged in the fuel oil and lubricants sales businesses of the Chevron Corporation group in Singapore, Malaysia, the Philippines, Australia, Vietnam and Indonesia, Resolution to acquire and cancel treasury shares, Decision to tender shares in the tender offer for treasury shares conducted by JX金属 |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 2,706,766,549 Shares |
| Treasury Shares at Period-End | 16,873,857 Shares |
| Factors Behind Changes in Business Performance | The factors affecting results were the decline in average crude oil prices for the period, increased export volumes of petroleum products, improved refinery utilization, narrower losses arising from the inventory impact, gains on the sale of the shipping business, higher electricity sales volumes and the commencement of full-scale operations at the Goi Thermal Power Plant, and higher profit in the Other Businesses. In Oil and Natural Gas Exploration and Production, lower production volumes and selling prices reduced profit. In Functional Materials, higher expenses, lower butadiene market prices and impairment losses reduced profit. |
Items this document does not state (5)
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.Revenue decreased mainly because average crude oil prices for the period declined. Operating profit increased as losses arising from the inventory impact in the Petroleum Products and Other segment narrowed, while improved refinery utilization, higher export volumes and gains on the sale of the shipping business also contributed. Profit also increased in the Electricity and Other Businesses segments. In contrast, lower production volumes and selling prices in the Oil and Natural Gas Exploration and Production segment, and higher expenses, lower butadiene market prices and impairment losses in the Functional Materials segment, were factors reducing profit.