Japan Oil Transportation reported consolidated results for April–June 2024 showing ordinary profit down 34.5% year on year to ¥200 million, while its operating margin on sales deteriorated from 2.5% to 0.8%.
Japan Oil Transportation formally announced after the afternoon session on the announcement date that consolidated ordinary profit for the April–June quarter (1Q) fell 34.5% year on year to ¥200 million. The company also disclosed that its operating margin on sales for the most recent three months declined to 0.8% from 2.5% in the same period a year earlier as a new financial indicator. This has prompted views that quarterly profitability deteriorated significantly. The article also includes a link to the earnings report PDF.
For the current fiscal year, sales for the fiscal year ending March 2025 are expected to be ¥37,090 million, ordinary profit ¥1,757 million and net profit ¥1,262 million. The forecast for the fiscal year ending March 2026 is sales of ¥38,537 million, ordinary profit of ¥2,147 million and net profit of ¥1,507 million, with an outlook for adjusted earnings per share also provided. These consolidated forecasts were disclosed on 13 May 2025 and 13 May 2026, respectively.
For the most recent three months, sales for the 25.04–06 period were ¥8,752 million, operating profit was ¥66 million, ordinary profit was ¥316 million and net profit was ¥199 million.