2024.11.18
Taiyo Oil hereby announces the interim financial statement for the 88th fiscal year (April 1, 2024 to March 31, 2025).
Summary of the 88th fiscal year interim financial statement
During the current fiscal year, as in the previous year, minor maintenance work was conducted at Shikoku Operations, resulting in sales volumes remaining at the same level as the previous year. Additionally, sales increased to JPY 375.5 billion, a rise of JPY 30.6 billion compared to the same period last year, driven by higher sales prices.
On the other hand, in terms of profit and loss, the impact of inventory valuation due to the decline in crude oil prices since August led to a decrease in profitability. Operating income stood at a loss of JPY 6.4 billion (down JPY 19.7 billion year-on-year), ordinary income recorded a loss of JPY 6.8 billion (down JPY 18.9 billion year-on-year), and current period net earnings showed a loss of JPY 7.7 billion (down JPY 15.2 billion year-on-year), resulting in increased revenue but decreased profit.
Profit and loss
（unit: JPY 100 million）
| Previous interim term | Current interim term | Year-on-year | |
|---|---|---|---|
| Sales | 3,449 | 3,755 | 306 |
| Operating income | 133 |
△64 |
△197 |
|
Ordinary income (Ordinary income excluding inventory valuation factors) |
121 |
△68 |
△189 |
| Current net earnings | 75 | △77 | △152 |
| (Reference) On a consolidated basis | |||
| Consolidated sales volume | 3,490 | 3,803 | 313 |
| Consolidated ordinary income | 124 | △60 | △184 |
| Consolidated net income | 75 | △71 | △146 |