ENEOS : Consolidated Financial Results for the First Quarter of Fiscal Year 2023 （359KB）

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 2023 [IFRS]

		August 10, 2023
Company name:	ENEOS Holdings, Inc.	Stock Exchange Listings: Tokyo and Nagoya
Code number:	5020	URL: https://www.hd.eneos.co.jp/
Representative:	Saito Takeshi	Representative Director, President
Contact person:	Eguchi Sayuri	Group Manager, Investor Relations Group, Investor Relations Department

Telephone: [phone]
Scheduled date of filing of Quarterly Securities Report:	August 10, 2023
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 FY2023 (From April 1, 2023 to June 30, 2023)

(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 FY2023	3,218,320		(9.5)	94,005		(71.1)	87,923	(73.5)	45,802	(79.3)		114,947		(62.8)
1Q of FY2022	3,555,106		59.8		325,349		100.9	331,970	111.1	221,355	126.7		309,330		147.1
	Basic profit per share		Diluted profit per share
			Yen				Yen
1Q of FY2023			15.19				15.16
1Q of FY2022			69.31				69.14
(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 FY2023	10,305,679		3,349,383	2,927,975			28.4
FY2022	9,954,517		3,287,578	2,859,832			28.7
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
FY2022		-				11.00			-		11.00				22.00
FY2023		-
FY2023						11.00			-		11.00				22.00
(Forecast)

Note: Revision to the most recent dividend forecast: No

3. Forecasts of Consolidated Results for Fiscal Year 2023 (From April 1, 2023 to March 31, 2024)

(Percentage figures represent changes from 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
FY2023	13,400,000		(10.8)	340,000	20.9	310,000	20.4	180,000	25.2	59.71

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

The forecasts of consolidated results for the full fiscal year of 2023 remain unchanged from the previous forecasts announced on May 11, 2023.

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, 2023.

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

Operating profit excluding inventory valuation factors:

Forecast for FY2023:340,000 million yen (percentage change from the previous fiscal year: 37.9%)

(Reference) Actual results for FY2022: 246,517 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.

1. 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 FY2023 ended June 30, 2023:	3,032,850,649 shares
FY2022 ended March 31, 2023:	3,032,850,649 shares

1. Number of shares of treasury stock at the end of the period

First Quarter of FY2023 ended June 30, 2023:	18,320,254 shares
FY2022 ended March 31, 2023:	18,280,020 shares

1. Average number of shares issued during the period

First Quarter of FY2023 ended June 30, 2023:	3,014,561,118 shares
First Quarter of FY2022 ended June 30, 2022:	3,193,862,980 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) revisions to laws and strengthening of regulations; and (3) 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)
		FY2022	1Q of FY2023
		(As of March 31, 2023)	(As of June 30, 2023)
ASSETS
Current assets
Cash and cash equivalents		311,517	417,758
Trade and other receivables	1,609,526	1,451,430
Inventories		2,153,569	2,272,280
Other financial assets	102,524	176,698
Other current assets		444,056	487,266
Sub total		4,621,192	4,805,432
Assets held for sale		266,516	308,715
Total current assets		4,887,708	5,114,147
Non-current assets
Property, plant and equipment		3,431,358	3,487,553
Goodwill	256,457	256,653
Intangible assets		516,944	515,808
Investments accounted for using the equity	431,948	467,973
method
Other financial assets		332,437	362,796
Other non-current assets	30,367	30,353
Deferred tax assets		67,298	70,396
Total non-current assets		5,066,809	5,191,532
TOTAL ASSETS		9,954,517	10,305,679

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			(Millions of yen)
		FY2022	1Q of FY2023
		(As of March 31, 2023)	(As of June 30, 2023)
LIABILITIES
Current liabilities
Trade and other payables		1,852,664	1,758,010
Bonds and borrowings	1,060,002	1,309,539
Income taxes payable		43,514	29,123
Lease liabilities	67,923	70,416
Other financial liabilities		28,592	44,351
Provisions	16,159	15,990
Other current liabilities		311,277	410,270
Sub total		3,380,131	3,637,699
Liabilities directly associated with assets held		87,590	92,375
for sale
Total current liabilities	3,467,721	3,730,074
Non-current liabilities
Bonds and borrowings	2,049,399	2,059,989
Liabilities for retirement benefits		209,405	199,092
Lease liabilities	383,210	377,972
Other financial liabilities		37,750	44,747
Provisions	114,239	121,119
Other non-current liabilities		47,095	51,309
Deferred tax liabilities	358,120	371,994
Total non-current liabilities		3,199,218	3,226,222
Total liabilities		6,666,939	6,956,296
EQUITY
Common stock		100,000	100,000
Capital surplus	932,432	932,508
Retained earnings		1,635,585	1,654,652
Treasury stock	(8,311)	(8,321)
Other components of equity		200,126	249,136
Total equity attributable to owners of the parent		2,859,832	2,927,975
Non-controlling interests		427,746	421,408
Total equity		3,287,578	3,349,383
TOTAL LIABILITIES AND EQUITY		9,954,517	10,305,679

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