Consolidated Financial Results for the Second Quarter of Fiscal Year 2021 [IFRS]

This document contains a financial summary and financial statements translated from the original

Japanese version, for convenience only.

Consolidated Financial Results for the Second Quarter of Fiscal Year 2021 [IFRS]

		November 11, 2021
Company name:	ENEOS Holdings, Inc.	Stock Exchange Listings: Tokyo and Nagoya
Code number:	5020	URL: https://www.hd.eneos.co.jp/
Representative:	Ota Katsuyuki	Representative Director, President
Contact person:	Inoue Ryo	Group Manager, Investor Relations Group, Investor Relations Department

Telephone: [phone]
Scheduled date of filing of Quarterly Securities Report:	November 12, 2021
Scheduled date of commencement of dividend payments:	December 6, 2021
Supplemental materials for the quarterly financial results:	Yes

Quarterly financial results presentation:	Yes (for institutional investors and analysts)
	(Amounts of less than 1 million yen are rounded off.)

1. Consolidated Results for the Second Quarter of FY2021 (From April 1, 2021 to September 30, 2021)

(1) Operating Results							(Percentage figures represent changes from same period in the previous fiscal year.)
	Revenue				Operating profit	Profit before tax	Profit attributable to		Total comprehensive
				owners of the parent		income
	Millions of yen		%	Millions of yen		%	Millions of yen	%	Millions of yen		%		Millions of yen		%
2Q of FY2021	4,731,408		40.7		337,827		280.0	328,198	325.6	211,365		480.1		272,481		732.3
2Q of FY2020	3,362,321		(33.6)	88,904		(32.1)	77,113	(34.6)	36,433		(48.7)		32,737		(1.7)
	Basic profit per share		Diluted profit per share
			Yen				Yen
2Q of FY2021			65.83				65.67
2Q of FY2020			11.33				11.32
(2) Financial Position
										Total equity attributable	Equity ratio
	Total assets		Total equity	attributable to owners
		to owners of the parent
										of the parent
	Millions of yen	Millions of yen	Millions of yen				%
2Q of FY2021	8,579,184		2,971,040	2,530,714				29.5
FY2020	8,058,818		2,752,568	2,325,108				28.9
2. Dividends
						Annual cash dividends per share
	End of 1st quarter		End of 2nd quarter		End of 3rd quarter	Year-End		Total
			Yen			Yen		Yen		Yen				Yen
FY2020	-					11.00			-		11.00					22.00
FY2021	-					11.00
FY2021										-		11.00					22.00
(Forecast)

Note: Revision to the most recent dividend forecast: No

3. Forecasts of Consolidated Results for Fiscal Year 2021 (From April 1, 2021 to March 31, 2022)

(Percentage figures are changes from the amount for the corresponding period in the previous fiscal year.)

	Revenue		Operating profit	Profit before tax	Profit attributable to	Basic profit per share
		owners of the parent
	Millions of yen		%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
FY2021	10,300,000		34.5	470,000	84.9	450,000	94.9	280,000	145.6	87.19

Note: Revision to the most recent consolidated earnings forecast: Yes

Regarding the revisions to the forecasts of consolidated results, please refer to "Notification of Revisions to the Forecasts of Consolidated Results for the Fiscal Year 2021" announced today.

Average number of shares issued during the period that forms the basis for the calculation of basic profit per share specified above is calculated with the number of issued shares (excluding treasury stock) as of September 30, 2021.

As for the forecasts of operating profit excluding inventory valuation factors*, please see the following.

Operating profit excluding inventory valuation factors:

Forecasts for FY2021:310,000 million yen (percentage change from the previous fiscal year: 43.9%)

(Reference) Actual results for FY2020: 215,500 million yen

(*) The impact of inventory valuation on the cost of sales by using the weighted-average method and by writing down the book value.

Explanatory Notes

(1) Changes in the number of material subsidiaries during the term under review: None

Note: This item indicates whether there were changes in specified subsidiaries involving a change in the scope of consolidation.

(2) Changes in accounting policies and in accounting estimates
(i)	Changes in accounting policies required by the IFRS:	None
(ii)	Changes in accounting policies other than (i) above:	None

1. 1. Changes in accounting estimates: None
2. Number of shares issued (Common stock)
3. 1. Number of issued shares at the end of the period (including treasury stock) Second Quarter of FY2021 ended September 30, 2021: 3,230,282,649 shares

FY2020 ended March 31, 2021:3,230,282,649 shares

(ii) Number of shares of treasury stock at the end of the period

Second Quarter of FY2021 ended September 30, 2021: 19,033,373 shares

FY2020 ended March 31, 2021:

19,626,899 shares

1. Average number of shares issued during the period
   Second Quarter of FY2021 ended September 30, 2021: 3,210,976,645 shares
   Second Quarter of FY2020 ended September 30, 2020: 3,215,873,029 shares

This report is not subject to quarterly review procedures conducted by certified public accountants or an audit corporation.

Explanation regarding appropriate use of forward-looking statements on results, and other specific comments (Note on Statements Regarding Prospective Matters)

This material contains forward-looking statements; however, actual results may differ materially from those reflected in such forward-looking statements, due to various factors, including the following:

1. changes in macroeconomic conditions and changes in the competitive environment in the energy, resources and materials industries; (2) the impact of COVID-19 on economic activity; (3) revisions to laws and strengthening of regulations; and (4) litigation and other similar risks.

Changes from the previous fiscal year (or corresponding period in the previous fiscal year) are not presented ("-") if either or both of the fiscal year (or period) under review and the previous fiscal year (or corresponding period) are negative, or if the percentage change is 1,000% or greater.

Summary of Quarterly Consolidated Financial Statements and Major Explanatory Notes Thereto

(1) Summary of Quarterly Consolidated Statements of Financial Position

			(Millions of yen)
		FY2020	2Q of FY2021
		(As of March 31, 2021)	(As of September 30, 2021)
ASSETS
Current assets
Cash and cash equivalents	417,724	369,430
Trade and other receivables	1,129,421	1,200,969
Inventories	1,295,576	1,717,551
Other financial assets	50,530	79,585
Other current assets	141,626	163,233
Sub total	3,034,877	3,530,768
Assets held for sale	4,727	-
Total current assets	3,039,604	3,530,768
Non-current assets
Property, plant and equipment	3,551,070	3,532,144
Goodwill	181,507	181,713
Intangible assets	342,391	337,375
Investments accounted for using the equity	445,304	473,516
method
Other financial assets	386,295	416,102
Other non-current assets	10,080	11,962
Deferred tax assets	102,567	95,604
Total non-current assets	5,019,214	5,048,416
TOTAL ASSETS		8,058,818	8,579,184

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			(Millions of yen)
		FY2020	2Q of FY2021
		(As of March 31, 2021)	(As of September 30, 2021)
LIABILITIES
Current liabilities
Trade and other payables	1,583,199	1,603,099
Bonds and borrowings	616,567	603,162
Income taxes payable	26,186	72,224
Lease liabilities	71,756	67,439
Other financial liabilities	28,808	36,832
Provisions	18,693	15,523
Other current liabilities	329,697	331,912
Total current liabilities	2,674,906	2,730,191
Non-current liabilities
Bonds and borrowings	1,420,333	1,678,153
Liabilities for retirement benefits	242,269	232,714
Lease liabilities	428,666	410,714
Other financial liabilities	34,120	36,532
Provisions	175,634	177,170
Other non-current liabilities	53,272	56,595
Deferred tax liabilities	277,050	286,075
Total non-current liabilities	2,631,344	2,877,953
Total liabilities	5,306,250	5,608,144
EQUITY
Common stock	100,000	100,000
Capital surplus	1,066,459	1,067,049
Retained earnings	1,042,416	1,223,111
Treasury stock	(8,793)	(8,541)
Other components of equity	125,026	149,095
Total equity attributable to owners of the parent	2,325,108	2,530,714
Non-controlling interests	427,460	440,326
Total equity	2,752,568	2,971,040
TOTAL LIABILITIES AND EQUITY		8,058,818	8,579,184

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