Idemitsu Kosan reported net profit of ¥217.5 billion for April to June 2026, 8 times the level in the same period of the previous year, while net sales rose 24% year on year to ¥2.2717 trillion. Operating profit was ¥307.4 billion, a significant improvement from the ¥4 billion loss recorded in the same period of the previous year. The company’s performance is reported to have improved as higher crude oil prices were seen as a tailwind.
Idemitsu Kosan’s net profit for April to June 2026 came to ¥217.5 billion, an eightfold increase from the same period of the previous year. Net sales were ¥2.2717 trillion, representing approximately 24% year-on-year growth.
Operating profit for the period was ¥307.4 billion, a substantial swing into the black, compared with a ¥4 billion loss in the same period of the previous year.
The results are based on a TV Asahi News broadcast, which indicated that rising crude oil prices contributed to the improvement in the company’s earnings.