ENEOS : Consolidated Financial Results for the First Quarter of Fiscal Year 2021

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

Japanese version, for convenience only.

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

		August 13, 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:	August 13, 2021
Scheduled date of commencement of dividend payments:	-
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 First Quarter of FY2021 (From April 1, 2021 to June 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		%
1Q of FY2021	2,224,073		43.8		161,980		669.9	157,230	974.8	97,622		-		125,161		-
1Q of FY2020	1,546,194		(38.5)	21,038		(57.3)	14,629	(65.6)	(4,881)		-		(20,902)		-
	Basic profit per share		Diluted profit per share
			Yen				Yen
1Q of FY2021			30.41				30.33
1Q of FY2020			(1.52)			(1.52)
(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				%
1Q of FY2021	8,340,909		2,833,711	2,399,631				28.8
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	-
FY2021						11.00			-		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	9,500,000		24.1	260,000		2.3	240,000		3.9	140,000	22.8	43.60

Note: Revision to the most recent consolidated earnings forecast: No

The forecasts of consolidated results for the full fiscal year of 2021 remain unchanged from the previous forecasts announced on May 12, 2021.

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 June 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 FY2021:230,000 million yen (percentage change from the previous fiscal year: 6.7%)

(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)

First Quarter of FY2021 ended June 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
First Quarter of FY2021 ended June 30, 2021:	19,218,715 shares
FY2020 ended March 31, 2021:	19,626,899 shares
(iii) Average number of shares issued during the period
First Quarter of FY2021 ended June 30, 2021:	3,210,719,869 shares
First Quarter of FY2020 ended June 30, 2020:	3,217,482,341 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	1Q of FY2021
		(As of March 31, 2021)	(As of June 30, 2021)
ASSETS
Current assets
Cash and cash equivalents	417,724	427,251
Trade and other receivables	1,129,421	1,051,436
Inventories	1,295,576	1,579,015
Other financial assets	50,530	79,551
Other current assets		141,626	162,959
Sub total		3,034,877	3,300,212
Assets held for sale		4,727	5,057
Total current assets		3,039,604	3,305,269
Non-current assets
Property, plant and equipment	3,551,070	3,541,412
Goodwill	181,507	181,634
Intangible assets	342,391	341,450
Investments accounted for using the equity	445,304	459,737
method
Other financial assets	386,295	405,980
Other non-current assets	10,080	11,794
Deferred tax assets		102,567	93,633
Total non-current assets		5,019,214	5,035,640
TOTAL ASSETS		8,058,818	8,340,909

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			(Millions of yen)
		FY2020	1Q of FY2021
		(As of March 31, 2021)	(As of June 30, 2021)
LIABILITIES
Current liabilities
Trade and other payables	1,583,199	1,452,510
Bonds and borrowings	616,567	669,692
Income taxes payable	26,186	40,563
Lease liabilities	71,756	65,661
Other financial liabilities	28,808	34,290
Provisions	18,693	14,176
Other current liabilities		329,697	340,901
Total current liabilities		2,674,906	2,617,793
Non-current liabilities
Bonds and borrowings	1,420,333	1,691,994
Liabilities for retirement benefits	242,269	234,496
Lease liabilities	428,666	416,110
Other financial liabilities	34,120	37,709
Provisions	175,634	176,196
Other non-current liabilities	53,272	56,656
Deferred tax liabilities		277,050	276,244
Total non-current liabilities		2,631,344	2,889,405
Total liabilities		5,306,250	5,507,198
EQUITY
Common stock	100,000	100,000
Capital surplus	1,066,459	1,066,387
Retained earnings	1,042,416	1,107,977
Treasury stock	(8,793)	(8,620)
Other components of equity		125,026	133,887
Total equity attributable to owners of the parent		2,325,108	2,399,631
Non-controlling interests		427,460	434,080
Total equity		2,752,568	2,833,711
TOTAL LIABILITIES AND EQUITY		8,058,818	8,340,909

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