Worth reading
68In focus
Scored from 4 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
494.9
%Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales39,425,833¥ thousandYear on year +1.0%
Operating profit-185,338¥ thousand
Ordinary income317,742¥ thousandYear on year -42.9%
Net income attributable to owners of the parent3,661,128¥ thousandYear on year +494.9%
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.
Net income per share¥548.37
Financial position at period-end
Total assets42,881,243¥ thousand
of which net assets 26,708,446 ¥ thousandEquity ratio 61.2%vs. prior year-end +3.4pt
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.
Cash inflows and outflows
Operating+25,204
Investment+5,043,521
Financials-1,763,563
Net change+3,305,162
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥7,447,679 thousand
Segment revenuePetroleum-related business ¥35,619,381 thousand, Renewable Energy-Related Business ¥3,163,713 thousand (YoY +6.6%), Real Estate Business ¥642,739 thousand
Segment profitPetroleum-related business ¥940,002 thousand (YoY +50.3%), Renewable Energy-Related Business ¥-916,465 thousand, Real Estate Business ¥331,830 thousand (YoY -6.3%)
Outlook and shareholder returns
Full-year earnings forecast
Net SalesNot disclosed
Operating profitNot disclosed
Ordinary incomeNot disclosed
Net incomeNot disclosed
ReasonNo earnings forecast for the fiscal year ending March 2027 is provided.
Annual Dividend ForecastNot disclosed → ¥21 per share
Shareholder Return PolicyContinue stable dividend payments. The policy is to make a comprehensive assessment of business performance, financial condition and the level of the dividend payout ratio; no numerical target has been disclosed.
Factors Behind Changes in Business Performance
In the renewable energy-related business, PKS sales increased, while sales profitability declined and the company recorded suspended power generation at solar power plants due to lightning strikes and losses on the sale of assets. In the petroleum-related business, the directly operated and direct-demand divisions performed steadily. Net income increased mainly due to gains on the sale of investment securities.
Disclosure regarding the going concern assumption
No applicable matters (There are no applicable matters.)
Material subsequent eventsOn 11 May 2026, the company resolved to support a tender offer for its common shares by EDIAND Co., Ltd. as part of an MBO and to recommend that shareholders tender their shares. The company is expected to become private and be delisted following the tender offer and other related procedures.
Impairment loss¥239,025 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥5,134,659 thousand, Reversal of asset retirement obligations ¥3,721 thousand, Relocation compensation ¥16,714 thousand, Insurance proceeds received ¥286,689 thousand / Extraordinary loss Impairment Losses ¥239,025 thousand, Loss on sale of shares of subsidiaries and affiliates ¥674,640 thousand, Business restructuring provision expenses ¥299,200 thousand, Losses from natural disasters ¥131,180 thousand
Depreciation and amortization¥682,505 thousand
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥39,425,833 thousand (YoY +1.0%) |
| Operating profit | ¥-185,338 thousand |
| Ordinary income | ¥317,742 thousand (YoY -42.9%) |
| Profit attributable to owners of the parent | ¥3,661,128 thousand (YoY +494.9%) |
| Net income per share | ¥548.37 |
| Equity ratio | End of the current fiscal period 61.2 / End of previous period 57.8 |
| Total assets | ¥42,881,243 thousand |
| Net assets | ¥26,708,446 thousand |
| Cash flows from operating activities | ¥25,204 thousand |
| Cash flows from investing activities | ¥5,043,521 thousand |
| Cash flows from financing activities | ¥-1,763,563 thousand |
| Cash and cash equivalents at end of period | ¥7,447,679 thousand |
| Full-year earnings forecast | Net Sales Not disclosed / Operating profit Not disclosed / Ordinary income Not disclosed / Net income Not disclosed / Reason No earnings forecast for the fiscal year ending March 2027 is provided. |
| Annual Dividend Forecast | Not disclosed → ¥21 per share |
| Shareholder Return Policy | Continue stable dividend payments. The policy is to make a comprehensive assessment of business performance, financial condition and the level of the dividend payout ratio; no numerical target has been disclosed. |
| Segment revenue | Petroleum-related business ¥35,619,381 thousand, Renewable Energy-Related Business ¥3,163,713 thousand (YoY +6.6%), Real Estate Business ¥642,739 thousand |
| Segment profit | Petroleum-related business ¥940,002 thousand (YoY +50.3%), Renewable Energy-Related Business ¥-916,465 thousand, Real Estate Business ¥331,830 thousand (YoY -6.3%) |
| Depreciation and amortization | ¥682,505 thousand |
| Impairment loss | ¥239,025 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥5,134,659 thousand, Reversal of asset retirement obligations ¥3,721 thousand, Relocation compensation ¥16,714 thousand, Insurance proceeds received ¥286,689 thousand / Extraordinary loss Impairment Losses ¥239,025 thousand, Loss on sale of shares of subsidiaries and affiliates ¥674,640 thousand, Business restructuring provision expenses ¥299,200 thousand, Losses from natural disasters ¥131,180 thousand |
| Disclosure regarding the going concern assumption | No applicable matters (There are no applicable matters.) |
| Material subsequent events | On 11 May 2026, the company resolved to support a tender offer for its common shares by EDIAND Co., Ltd. as part of an MBO and to recommend that shareholders tender their shares. The company is expected to become private and be delisted following the tender offer and other related procedures. |
| Factors Behind Changes in Business Performance | In the renewable energy-related business, PKS sales increased, while sales profitability declined and the company recorded suspended power generation at solar power plants due to lightning strikes and losses on the sale of assets. In the petroleum-related business, the directly operated and direct-demand divisions performed steadily. Net income increased mainly due to gains on the sale of investment securities. |
Items this document does not state (11)
Operating MarginRevision to Earnings ForecastPayout ratioRegional salesOrders received and order backlogChange in accounting policyChanges in the scope of consolidationAvailability of Supplementary Financial Results MaterialsAvailability of Financial Results BriefingIssued Shares at Period-EndTreasury Shares at Period-End
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 increased due to higher PKS sales in the renewable energy-related business and steady performance in the directly operated and direct-demand divisions of the petroleum-related business. The operating loss was attributable to lower profitability of PKS sales, suspended power generation at solar power plants due to lightning strikes, and the recognition of losses on the sale of assets. Net income increased mainly due to the recognition of gains on the sale of investment securities.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.