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ENEOS, Net Income Forecast for the Fiscal Year Revised Downward by 27%, Dividend Revised Upward by 4 Yen

Wed Nov 12, 2025 1:00 pm JST Earnings

5020 ENEOS Holdings, Inc. 【IFRS】

Earnings Report

ENEOS Holdings, Inc. <5020> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on November 12th (13:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 5.0% from the same period last year to 64.7 billion yen.

In addition, the full-year forecast for consolidated net income has decreased 27.0%, from the previous forecast of 185 billion yen to 135 billion yen (compared to 226 billion yen in the previous period), leading to an increase in the profit decline rate from 18.2% to 40.3%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to significant drop 55.5% from the same period last year to 70.2 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 30 yen to 34 yen (compared to 26 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a profit of 79.2 billion yen (compared to a loss of 13.4 billion yen in the same period last year). The operating profit/loss margin drastically improved from -1.6% in the same period last year to 4.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 6,619,496 291,505 282,724 171,689 57.0 76.9 Nov 8, 2023 IFRS
Apr - Sep, 2024 6,012,030 77,336 64,874 68,168 23.4 73.5 Nov 13, 2024 IFRS
Apr - Sep, 2025 5,691,922 166,738 157,896 64,754 24.1 57.4 Nov 12, 2025 IFRS
YoY -5.3% +115.6% +143.4% -5.0% +2.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 15 May 12, 2025 IFRS
Apr - Sep, 2025 Results 5,691,922 166,738 157,896 64,754 24.1 17 Nov 12, 2025 IFRS
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 11,700,000 360,000 345,000 185,000 68.8 30 May 12, 2025 IFRS
Mar, 2026 New 11,400,000 290,000 275,000 135,000 50.2 34 Nov 12, 2025 IFRS
Revision Rate -2.6% -19.4% -20.3% -27.0% -27.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 6,310,464 28,757 23,345 157,903 55.9 13 May 12, 2025 IFRS
Oct - Mar, 2025 Guidance 5,708,078 123,262 117,104 70,246 26.1 17 Nov 12, 2025 IFRS
YoY -9.5% +328.6% +401.6% -55.5% -53.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 12,344,557 381,411 367,864 288,121 95.6 22 May 14, 2024 IFRS
Mar, 2025 12,322,494 106,093 88,219 226,071 80.0 26 May 12, 2025 IFRS
Mar, 2026 Guidance 11,400,000 290,000 275,000 135,000 50.2 34 Nov 12, 2025 IFRS
YoY -7.5% +173.3% +211.7% -40.3% -37.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 3,016,156 -47,607 -55,985 -13,473 -4.6 -1.6 Nov 13, 2024 IFRS
Oct - Dec, 2024 3,593,908 225,119 222,903 102,523 35.8 6.3 Feb 14, 2025 IFRS
Jan - Mar, 2025 2,716,556 -196,362 -199,558 55,380 19.6 -7.2 May 12, 2025 IFRS
Apr - Jun, 2025 2,869,974 50,299 44,393 -14,516 -5.4 1.8 Aug 8, 2025 IFRS
Jul - Sep, 2025 2,821,948 116,439 113,503 79,270 29.5 4.1 Nov 12, 2025 IFRS
YoY -6.4% － － － －

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