ENEOS Holdings announced that it had recognized a ¥111.8 billion impairment loss in its renewable energy business. The impairment, which included goodwill from the acquired business, was attributed to stagnation in decarbonization and higher interest rates.
ENEOS Holdings announced that it would recognize a ¥111.8 billion impairment loss related to its renewable energy business in its consolidated results for July–September 2026. Against a backdrop of stagnation in global decarbonization and higher interest rates, it indicated a policy of concentrating investment resources on businesses surrounding its oil operations.
It also disclosed that it had recognized an impairment loss on goodwill related to the renewable energy business centered on the acquired Japan Renewable Energy.
In its consolidated results for April–September 2026 announced the same day, the renewable energy business posted an operating loss of ¥111.4 billion, a significant deterioration from the ¥1.1 billion operating profit recorded in the same period a year earlier.
At an online briefing, President Miyata Tomohide (宮田知秀) explained that this was not a matter of winding down the company, but that the value of renewable power had not been fully recognized. He indicated that the company was not yet at the stage of proceeding immediately with final investment decisions for all projects.
ENEOS Holdings also disclosed a forecast for consolidated net profit of ¥615.0 billion for the fiscal year ending March 2027, 2.4 times the previous fiscal year's figure, and raised its assumed crude oil price from its previous forecast. The assumed crude oil price was revised to US$95 per barrel and the assumed exchange rate to ¥157 per US dollar.