ENEOS : Consolidated Financial Results for the Fiscal Year 2020 （189KB）

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

Japanese version, for convenience only.

Consolidated Financial Results for the Fiscal Year 2020 [IFRS]

May 12, 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 ordinary general meeting of shareholders:

June 25, 2021

Scheduled date of filing of Securities Report:

June 25, 2021

Scheduled date of commencement of dividend payments:

June 28, 2021

Supplemental materials for the financial results: Yes

Financial results presentation:

Yes (for institutional investors and analysts)

(Amounts of less than 1 million yen are rounded off.)

1. Consolidated Results for Fiscal Year 2020 (From April 1, 2020 to March 31, 2021)

(1) Operating Results

(Percentage figures represent changes from the previous fiscal year.)

Profit for the year

Total comprehensive

Revenue

Operating profit

Profit before tax

attributable to owners

income for the year

of the parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

FY2020

7,658,011

(23.5)

254,175

-

230,891

-

113,998

-

162,708

-

FY2019

10,011,774

(10.0)

(113,061)

-

(135,764)

-

(187,946)

-

(261,686)

-

Profit ratio to equity

Profit before tax ratio

Operating profit ratio

Basic profit per share

Diluted profit per share

attributable to owners

to total assets

to revenue

of the parent

Yen

Yen

%

%

%

FY2020

35.48

35.42

4.9

2.9

3.3

FY2019

(57.86)

(57.86)

(7.5)

(1.6)

(1.1)

(Reference) Equity

in earnings of affiliates:

FY2020: 59,387 million yen; FY2019: 15,868 million yen

(2) Financial Position

Total assets

Total equity

Total equity attributable

Equity ratio

Equity attributable to

attributable to owners

owners of the parent

to owners of the parent

of the parent

per share

Millions of yen

Millions of yen

Millions of yen

%

Yen

FY2020

8,058,818

2,752,568

2,325,108

28.9

724.18

FY2019

8,011,292

2,707,908

2,311,046

28.8

718.28

(3) Cash Flows

Net cash flows from

Net cash flows from

Net cash flows from

Cash and cash equivalents

operating activities

investing activities

financing activities

at the end of the year

Millions of yen

Millions of yen

Millions of yen

Millions of yen

FY2020

679,094

(306,791)

(355,081)

412,300

FY2019

510,734

(371,346)

(119,808)

393,302

2. Dividends

		Annual cash dividends per share				Dividend ratio
						Total	Dividend	of equity
						attributable to
	End of 1st	End of 2nd	End of 3rd			dividend	payout ratio
	Year-End	Total	owners of the
	quarter	quarter	quarter	amount	(Consolidated)
			parent
								(Consolidated)
	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
FY2019	-	11.00	-	11.00	22.00	70,922	-	2.9
FY2020	-	11.00	-	11.00	22.00	70,906	62.0	3.1
FY2021 (Forecast)	-	11.00	-	11.00	22.00		50.5

Note: Average number of shares issued during the period that forms the basis for the calculation of dividend payout ratio (consolidated) for FY2021 (forecast) specified above is calculated with the number of issued shares (excluding treasury stock) as of March 31, 2021.

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.)

										Profit for the year
	Revenue		Operating profit		Profit before tax		attributable to owners	Basic profit per share
										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: 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 March 31, 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) FY2020 ended March 31, 2021: 3,230,282,649 shares
      FY2019 ended March 31, 2020: 3,230,282,649 shares
   2. Number of shares of treasury stock at the end of the period FY2020 ended March 31, 2021: 19,626,899 shares FY2019 ended March 31, 2020: 12,819,877 shares
   3. Average number of shares issued during the period FY2020 ended March 31, 2021: 3,213,274,772 shares FY2019 ended March 31, 2020: 3,248,100,071 shares

(Reference) Non-Consolidated Financial Results (Japanese GAAP)

Non-Consolidated Financial Results for Fiscal Year 2020 (From April 1, 2020 to March 31, 2021)

(1) Operating Results					(Percentage figures represent changes from the previous fiscal year.)
	Revenue			Operating profit			Ordinary profit				Profit
	Millions of yen		%	Millions of yen		%	Millions of yen		%		Millions of yen	%
FY2020	33,488		(61.8)	22,692		(70.2)		24,498		(69.5)		24,481	(55.3)
FY2019	87,563		(50.6)	76,130		(54.3)		80,399		(52.6)		54,755	(70.7)
	Profit per share		Diluted profit per share
		Yen		Yen
FY2020	7.61			-
FY2019	16.84			16.83
(2) Financial Position
	Total assets			Net assets		Equity ratio		Net assets per share
	Millions of yen		Millions of yen				%				Yen
FY2020	3,808,260			1,724,724				45.3			536.49
FY2019	3,989,250			1,752,898				43.9			544.12

(Reference) Equity: FY2020: 1,724,724 million yen; FY2019: 1,752,898 million yen

• This report is not subject to audit procedures conducted by certified public accountants or an audit corporation.
• Explanation regarding appropriate use offorward-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.

Consolidated Financial Statements and Major Explanatory Notes Thereto

(1) Consolidated Statements of Financial Position

			(Millions of yen)
		FY2019	FY2020
		(As of March 31, 2020)	(As of March 31, 2021)
ASSETS
Current assets
Cash and cash equivalents	398,573	417,724
Trade and other receivables	1,020,570	1,129,421
Inventories	1,181,688	1,295,576
Other financial assets	61,963	50,530
Other current assets		183,673	141,626
Sub total		2,846,467	3,034,877
Assets held for sale		32,094	4,727
Total current assets		2,878,561	3,039,604
Non-current assets
Property, plant and equipment	3,724,861	3,551,070
Goodwill	185,730	181,507
Intangible assets	345,371	342,391
Investments accounted for using the equity	407,207	445,304
method
Other financial assets	343,342	386,295
Other non-current assets	8,802	10,080
Deferred tax assets		117,418	102,567
Total non-current assets		5,132,731	5,019,214
TOTAL ASSETS		8,011,292	8,058,818

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			(Millions of yen)
		FY2019	FY2020
		(As of March 31, 2020)	(As of March 31, 2021)
LIABILITIES
Current liabilities
Trade and other payables	1,343,909	1,583,199
Bonds and borrowings	914,781	616,567
Income taxes payable	18,275	26,186
Other financial liabilities	30,647	28,808
Lease liabilities	70,595	71,756
Provisions	13,174	18,693
Other current liabilities		320,446	329,697
Sub total		2,711,827	2,674,906
Liabilities directly related to assets held for	5,748	-
sale
Total current liabilities	2,717,575	2,674,906
Non-current liabilities
Bonds and borrowings	1,386,065	1,420,333
Liabilities for retirement benefits	272,124	242,269
Other financial liabilities	32,075	34,120
Lease liabilities	445,244	428,666
Provisions	165,994	175,634
Other non-current liabilities	51,873	53,272
Deferred tax liabilities	232,434	277,050
Total non-current liabilities		2,585,809	2,631,344
Total liabilities		5,303,384	5,306,250
EQUITY
Common stock	100,000	100,000
Capital surplus	1,138,884	1,066,459
Retained earnings	982,786	1,042,416
Treasury stock	(6,003)	(8,793)
Other components of equity		95,379	125,026
Total equity attributable to owners of the parent		2,311,046	2,325,108
Non-controlling interests		396,862	427,460
Total equity		2,707,908	2,752,568
TOTAL LIABILITIES AND EQUITY		8,011,292	8,058,818

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