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ENEOS Holdings, Inc., The Current Fiscal Year Net Income Revised Upward by 5%, Dividend Revised Upward by 4 yen

Wed Nov 13, 2024 1:00 pm JST Earnings

5020 ENEOS Holdings, Inc. 【IFRS】

Earnings Report

ENEOS Holdings, Inc. <5020> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on November 13th (13:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 60.3% from the same period last year to 68.1 billion yen.

However, the full-year consolidated net income has been revised upward by 4.8%, from the previous forecast of 210 billion yen to 220 billion yen (compared to 288 billion yen in the previous period), and the declining rate is expected to decrease from 27.1% to 23.6%.

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 expand by 30.4% from the same period last year, reaching 151 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 22 yen to 26 yen (compared to 22 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 loss of 13.4 billion yen (compared to a profit of 125 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 5.8% in the same period last year to -0.2%.

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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, 2022 7,394,034 394,750 397,665 248,756 79.0 154.5 Nov 10, 2022 IFRS
Apr - Sep, 2023 6,619,496 291,505 282,724 171,689 57.0 76.9 Nov 8, 2023 IFRS
Apr - Sep, 2024 6,348,423 146,033 131,753 68,168 23.4 32.9 Nov 13, 2024 IFRS
YoY -4.1% -49.9% -53.4% -60.3% -58.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 11 May 14, 2024 IFRS
Apr - Sep, 2024 Results 6,348,423 146,033 131,753 68,168 23.4 13 Nov 13, 2024 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, 2025 Prev 14,600,000 400,000 380,000 210,000 78.1 22 May 14, 2024 IFRS
Mar, 2025 New 14,000,000 420,000 400,000 220,000 81.8 26 Nov 13, 2024 IFRS
Revision Rate -4.1% +5.0% +5.3% +4.8% +4.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 5,725,061 89,906 85,140 116,432 38.7 11 May 14, 2024 IFRS
Oct - Mar, 2024 Guidance 7,651,577 273,967 268,247 151,832 56.5 13 Nov 13, 2024 IFRS
YoY +33.7% +204.7% +215.1% +30.4% +46.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 15,016,554 281,285 257,435 143,766 46.6 22 May 11, 2023 IFRS
Mar, 2024 12,344,557 381,411 367,864 288,121 95.6 22 May 14, 2024 IFRS
Mar, 2025 Guidance 14,000,000 420,000 400,000 220,000 81.8 26 Nov 13, 2024 IFRS
YoY +13.4% +10.1% +8.7% -23.6% -14.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,401,176 197,500 194,801 125,887 41.8 5.8 Nov 8, 2023 IFRS
Oct - Dec, 2023 3,625,819 94,814 89,068 35,077 11.6 2.6 Feb 9, 2024 IFRS
Jan - Mar, 2024 2,099,242 -4,908 -3,928 81,355 27.0 -0.2 May 14, 2024 IFRS
Apr - Jun, 2024 2,995,874 124,943 120,859 81,641 27.6 4.2 Aug 9, 2024 IFRS
Jul - Sep, 2024 3,352,549 21,090 10,894 -13,473 -4.6 0.6 Nov 13, 2024 IFRS
YoY -1.4% -89.3% -94.4% － －

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