This document contains a financial summary and financial statements translated from the original Japanese version, for convenience only.
Consolidated Financial Results for the Third Quarter of Fiscal Year 2020 [IFRS]
February 10, 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, Finance & Investor Relations Department |
Telephone: +81-3-6257-7075
Scheduled date of filing of Quarterly Securities Report: February 12, 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 Third Quarter of FY2020 (From April 1, 2020 to December 31, 2020)
(1) Operating Results
(Percentage figures represent changes from same period in the previous fiscal year.)
Revenue | Operating profit | Profit before tax | Profit attributable to owners of the parent | Total comprehensive income | ||||||
3Q of FY2020 3Q of FY2019 | Millions of yen5,367,158 7,607,197 | % (29.4) (8.7) | Millions of yen133,798 221,435 | % (39.6) (51.8) | Millions of yen116,496 202,734 | % (42.5) (53.4) | Millions of yen67,012 124,553 | % (46.2) (55.2) | Millions of yen51,824 114,419 | % (54.7) (61.0) |
Basic profit per share | Diluted profit per share | |
3Q of FY2020 3Q of FY2019 | Yen20.85 38.23 | Yen20.82 38.22 |
(2) Financial Position
Total assets | Total equity | Total equity attributable to owners of the parent | Equity ratio attributable to owners of the parent | |
3Q of FY2020 FY2019 | Millions of yen8,024,349 8,011,292 | Millions of yen2,652,937 2,707,908 | Millions of yen2,281,103 2,311,046 | %28.4 28.8 |
2. Dividends
Annual cash dividends per share | |||||
End of 1st quarter | End of 2nd quarter | End of 3rd quarter | Year-End | Total | |
FY2019 FY2020 | Yen- - | Yen11.00 11.00 | Yen- - | Yen11.00 | Yen22.00 |
FY2020 (Forecast) | 11.00 | 22.00 |
Note: Revision to the most recent dividend forecast: No
3. Forecasts of Consolidated Results for Fiscal Year 2020 (From April 1, 2020 to March 31, 2021)
(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 owners of the parent | Basic profit per share | |||||
FY2020 | Millions of yen 7,500,000 | % (25.1) | Millions of yen 200,000 | % - | Millions of yen 175,000 | % - | Millions of yen 90,000 | % - | Yen 28.03 |
Note: Revision to the most recent consolidated earnings forecast: No
The forecasts of consolidated results for the fiscal year of 2020 remain unchanged from the previous forecasts announced on November 11, 2020. 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 December 31, 2020.
As for the forecasts of operating profit excluding inventory valuation factors*, please see the following.
Operating profit excluding inventory valuation factors:
Forecasts for FY2020: 190,000 million yen (percentage change from the previous fiscal year: 96.5%) (Reference) Actual results for FY2019: 96,700 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
(iii) Changes in accounting estimates: None
(3)Number of shares issued (Common stock)
(i) Number of issued shares at the end of the period (including treasury stock) Third Quarter of FY2020 ended December 31, 2020: 3,230,282,649 shares FY2019 ended March 31, 2020: 3,230,282,649 shares
(ii) Number of shares of treasury stock at the end of the period
Third Quarter of FY2020 ended December 31, 2020: 19,614,011 shares FY2019 ended March 31, 2020: 12,819,877 shares
(iii)Average number of shares issued during the period Third Quarter of FY2020 ended December 31, 2020: Third Quarter of FY2019 ended December 31, 2019:
3,214,145,574 shares 3,257,992,215 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)
FY2019
3Q of FY2020
(As of March 31, 2020)
(As of December 31, 2020)
ASSETS | ||
Current assets | ||
Cash and cash equivalents | 398,573 | 499,886 |
Trade and other receivables | 1,020,570 | 1,089,992 |
Inventories | 1,181,688 | 1,248,020 |
Other financial assets | 61,963 | 48,438 |
Other current assets | 183,673 | 150,443 |
Sub total | 2,846,467 | 3,036,779 |
Assets held for sale | 32,094 | - |
Total current assets | 2,878,561 | 3,036,779 |
Non-current assets | ||
Property, plant and equipment | 3,724,861 | 3,546,445 |
Goodwill | 185,730 | 185,861 |
Intangible assets | 345,371 | 339,577 |
Investments accounted for using the equity method | 407,207 | 426,955 |
Other financial assets | 343,342 | 362,439 |
Other non-current assets | 8,802 | 10,162 |
Deferred tax assets | 117,418 | 116,131 |
Total non-current assets | 5,132,731 | 4,987,570 |
TOTAL ASSETS | 8,011,292 | 8,024,349 |
(Millions of yen)
Liabilities directly related to assets held for sale | 5,748 - |
FY2019 | 3Q of FY2020 | |
(As of March 31, 2020) | (As of December 31, 2020) | |
LIABILITIES | ||
Current liabilities | ||
Trade and other payables | 1,343,909 | 1,555,253 |
Bonds and borrowings | 914,781 | 704,864 |
Income taxes payable | 18,275 | 39,888 |
Lease liabilities | 70,595 | 68,740 |
Other financial liabilities | 30,647 | 37,761 |
Provisions | 13,174 | 16,604 |
Other current liabilities | 320,446 | 311,492 |
Sub total | 2,711,827 | 2,734,602 |
Total current liabilities | 2,717,575 | 2,734,602 |
Non-current liabilities | ||
Bonds and borrowings | 1,386,065 | 1,477,213 |
Liabilities for retirement benefits | 272,124 | 246,268 |
Lease liabilities | 445,244 | 428,929 |
Other financial liabilities | 32,075 | 31,247 |
Provisions | 165,994 | 162,867 |
Other non-current liabilities | 51,873 | 55,367 |
Deferred tax liabilities | 232,434 | 235,019 |
Total non-current liabilities | 2,585,809 | 2,636,910 |
Total liabilities | 5,303,384 | 5,371,512 |
EQUITY | ||
Common stock | 100,000 | 100,000 |
Capital surplus | 1,138,884 | 1,124,252 |
Retained earnings | 982,786 | 994,006 |
Treasury stock | (6,003) | (8,785) |
Other components of equity | 95,379 | 71,630 |
Total equity attributable to owners of the parent | 2,311,046 | 2,281,103 |
Non-controlling interests | 396,862 | 371,734 |
Total equity | 2,707,908 | 2,652,837 |
TOTAL LIABILITIES AND EQUITY | 8,011,292 | 8,024,349 |
(2) Summary of Quarterly Consolidated Statements of Profit or Loss and Summary of Quarterly Consolidated Statements of Comprehensive Income or Loss
(Summary of Quarterly Consolidated Statements of Profit or Loss)
(Millions of yen)
Revenue 7,607,197 5,367,158 | |
Cost of sales 6,840,547 4,601,896 | |
Gross profit 766,650 765,262 | |
Selling, general and administrative expenses 610,781 580,595 | |
Share of profit of investments accounted for usingthe equity method | 40,165 37,658 |
Other operating income 51,439 35,475 | |
Other operating expenses 26,038 124,002 | |
Operating profit 221,435 133,798 | |
Finance income 6,999 3,421 | |
Finance costs 25,700 20,723 | |
Profit before tax 202,734 116,496 | |
Income tax expense 57,315 58,308 | |
Profit 145,419 58,188 | |
Profit (loss) attributable to: | |
Owners of the parent 124,553 67,012 | |
Non-controlling interests 20,866 (8,824) | |
Profit 145,419 58,188 | |
(Yen) | |
Basic profit per share 38.23 20.85 |
Diluted profit per share
3Q of FY2019 | 3Q of FY2020 |
(From April 1, 2019 | (From April 1, 2020 |
to December 31, 2019) | to December 31, 2020) |
38.22 | 20.82 |
(Summary of Quarterly Consolidated Statements of Comprehensive Income or Loss)
(Millions of yen)
3Q of FY2019 (From April 1, 2019 to December 31, 2019)
3Q of FY2020 (From April 1, 2020 to December 31, 2020)
Profit | 145,419 | 58,188 |
Other comprehensive income (loss), net of tax | ||
Items that will not be reclassified to profit or loss | ||
Changes in fair value of financial assets measured at fairvalue through other comprehensive income (loss) | (4,684) | 15,165 |
Remeasurement gains on defined benefit plans | 7,013 | 14,134 |
Shares of other comprehensive income (loss) of investments accounted for using the equity method | (236) | 330 |
Total | 2,093 | 29,629 |
Items that may be reclassified subsequently to profit or loss | ||
Exchange differences on translation of foreign operations | (18,422) | (26,190) |
Changes in fair value of cash flow hedges | (2,620) | (1,066) |
Shares of other comprehensive income (loss) of investments accounted for using the equity method | (12,051) | (8,737) |
Total | (33,093) | (35,993) |
Other comprehensive income (loss), net of tax | (31,000) | (6,364) |
Total comprehensive income | 114,419 | 51,824 |
Comprehensive income (loss) attributable to: | ||
Owners of the parent | 96,360 | 60,023 |
Non-controlling interests | 18,059 | (8,199) |
Total comprehensive income | 114,419 | 51,824 |
(3) Summary of Quarterly Consolidated Statements of Changes in Equity
Third Quarter of FY2019 (April 1, 2019 - December 31, 2019)
(Millions of Yen)
Other components of equity
Changes in fair value of financialCommon stockCapital surplusRetained earningsTreasury stock
assets measuredat fair value through othercomprehensiveincome (loss)Changes in fair value of cash flow hedges
Balance as of April 1, 2019
100,000
1,222,193
1,272,960
(29,698)
111,486
(8,877)
Cumulative effect of Changes in accounting policies
- 100,000 - - - - - - - - - - - - - 100,000
- 1,222,193 - - - - 0 (78,728)
(2,072)
-
- 111,486 -
-
Restated balance
Profit
Other comprehensive income (loss)
Total comprehensive income
(loss)
Purchase of treasury stock Disposal of treasury stock Cancellation of treasury stock Cash dividends
Share-based payment transactions
Equity transactions with non-controlling interests, etc. Transfer from other components of equity to retained earnings Transfer from other components of equity to non-financial assets Other
Total transactions with owners
Balance as of December 31, 2019
1,270,888
(29,698)
(8,877)
124,553
- - -
-
-
(5,763) (2,391)
124,553
(5,763) (2,391)
- 187
- - -
- - - (72,118)
- - 6,072
(53,982)
0
78,728 -
105
- - -
- - - - - - 684
- - - - - - -
- -
- - 684 106,407
(554)
(1,097)
(244)
-
(79,638)
(66,046)
24,607
(554)
1,142,555
1,329,395
(5,091)
(11,822)Other components of equityExchange differences on translation of foreign operationsRemeasurement losses (gains) on defined benefit plans
TotalTotal equity attributable to owners of the parentNon-controlling interests
Total equityBalance as of April 1, 2019
49,776
- - - - 6,756 6,756
152,385
2,717,840
401,976
3,119,816
Cumulative effect of Changes in accounting policies
- 49,776 -
- 152,385 -
(2,072)
(867)
(2,939)
Restated balance
Profit
Other comprehensive income (loss)
Total comprehensive income (loss)
Purchase of treasury stock Disposal of treasury stock Cancellation of treasury stock Cash dividends
Share-based payment transactions
Equity transactions with non-controlling interests, etc.Transfer from other components of equity to retained earnings Transfer from other components of equity to non-financial assetsOther
Total transactions with owners
Balance as of December 31, 2019
(26,795)
(26,795)
- - - - - - - - - - 22,981
2,715,768
124,553
(28,193)
(28,193)
- - - - - -
(6,756)
- -
(6,756)
-
- - - - - -
(6,072)
(554)
-
(6,626)
117,566
(28,193)
96,360
(53,982)
0 -
(72,118)
292
- -
(554)
(1,341)
(127,703)
2,684,425
401,109
20,866
(2,807)
18,059
- - - (16,019)
-
(655)
-
(513)
1,101
(16,086)
403,082
3,116,877
145,419
(31,000)
114,419
(53,982)
0 -
(88,137)
292
(655)
-
(1,067)
(240)
(143,789)
3,087,507
Third Quarter of FY2020 (April 1, 2020 - December 31, 2020)
(Millions of Yen)
Other components of equity
Changes in fair value of financialCommon stockCapital surplusRetained earningsTreasury stock
assets measuredat fair value through othercomprehensiveincome (loss)Changes in fair value of cash flow hedges
Balance as of April 1, 2020
Profit
Other comprehensive income (loss)
Total comprehensive income
(loss)
Purchase of treasury stock Disposal of treasury stock Cash dividends Share-based payment transactions
Equity transactions with non-controlling interests, etc. Transfer from other components of equity to retained earnings Transfer from other components of equity to non-financial assets Other
Total transactions with owners
Balance as of December 31, 2020
100,000 - - - - - - - - - - - - 100,000
1,138,884 - -
982,786 67,012
(6,003)
76,129 -(2,794)
- - -
-
-
13,027 (3,217)
-
67,012
13,027 (3,217)
(13,551)
(263)
-
315
- -
-
- - (70,800)
- - 15,008
(3,045)
263 - - - - - -
(453)
- - - - -- - - - - -
- -
- -
(1,752)
(1,133)
-
(14,632)
(55,792)
(2,782)
(453) (1,752)
1,124,252
994,006
(8,785)
88,703 (7,763)Other components of equityExchange differences on translation of foreign operationsRemeasurement losses (gains) on defined benefit plans
TotalTotal equity attributable to owners of the parentNon-controlling interests
Total equityBalance as of April 1, 2020
Profit
Other comprehensive income (loss)
Total comprehensive income (loss)
Purchase of treasury stock Disposal of treasury stock Cash dividends Share-based payment transactions
Equity transactions with non-controlling interests, etc.Transfer from other components of equity to retained earnings Transfer from other components of equity to non-financial assetsOther
Total transactions with owners
Balance as of December 31, 2020
22,044 -
(31,354)
(31,354)
- - - - - - - - -
(9,310)
- - 14,555 14,555
- - - - -
(14,555)
- -
(14,555)
-95,379 -
(6,989)
(6,989)
- - - - -
(15,008)
(1,752)
-
(16,760)
71,630
2,311,046 67,012
(6,989)
60,023
(3,045)
0
(70,800)
315
(13,551)
-
(1,752)
(1,133)
(89,966)
2,281,103
396,862
(8,824)
625
(8,199)
- - (13,723)
-
(2,505)
-
(1,127)
426
(16,929)
371,734
2,707,908 58,188
(6,364)
51,824
(3,045)
0
(84,523)
315
(16,056)
-
(2,879)
(707)
(106,895)
2,652,837
(4) Explanatory Notes to the Summary of Quarterly Consolidated Financial Statements
(Notes on the Assumption of a Going Concern)
None
(Segment Information)
I. Third Quarter of FY2019 (April 1, 2019 - December 31, 2019)
Information on Revenue, Profit or Loss and Other Items from Each Reporting Segment
(Millions of yen)
Energy | Oil and natural gas E&P | Metals | Total reporting segments | Other | Adjustments (Note 3) | Recorded amount on consolidated financial statements | |
Revenue Revenue from external customers Inter-segment revenue or transfers (Note 1) | 6,423,939 3,934 | 98,219 - | 747,148 1,356 | 7,269,306 5,290 | 337,891 33,513 | - (38,803) | 7,607,197 - |
Total | 6,427,873 | 98,219 | 748,504 | 7,274,596 | 371,404 | (38,803) | 7,607,197 |
Segment profit (loss) (Note 2) | 101,594 | 40,144 | 48,395 | 190,133 | 28,147 | 3,155 | 221,435 |
Finance income Finance costs | 6,999 25,700 | ||||||
Profit before tax | 202,734 |
(Notes) | 1. | Inter-reporting segment revenue or transfers are based on actual market prices. |
2. | Segment profit (loss) is stated as operating profit in the summary of the quarterly consolidated statements of profit or loss. | |
3. | The segment profit (loss) adjustment of 3,155 million yen includes the net amount of 4,633 million yen, which is the income and | |
expenses of the entire Company not allocated to the reporting segments or the "Other" category. |
II. Third Quarter of FY2020 (April 1, 2020 - December 31, 2020)
Information on Revenue, Profit or Loss and Other Items from Each Reporting Segment
(Millions of yen)
Energy | Oil and natural gas E&P | Metals | Total reporting segments | Other | Adjustments (Note 3) | Recorded amount on consolidated financial statements | |
Revenue Revenue from external customers Inter-segment revenue or transfers (Note 1) | 4,196,936 2,764 | 76,689 - | 763,866 1,511 | 5,037,491 4,275 | 329,667 30,105 | - (34,380) | 5,367,158 - |
Total | 4,199,700 | 76,689 | 765,377 | 5,041,766 | 359,772 | (34,380) | 5,367,158 |
Segment profit (loss) (Note 2) | 89,268 | 6,617 | (5,364) | 90,521 | 37,341 | 5,936 | 133,798 |
Finance income Finance costs | 3,421 20,723 | ||||||
Profit before tax | 116,496 |
(Notes) | 1. | Inter-reporting segment revenue or transfers are based on actual market prices. |
2. | Segment profit (loss) is stated as operating profit in the summary of the quarterly consolidated statements of profit or loss. | |
3. | The segment profit (loss) adjustment of 5,936 million yen includes the net amount of 6,492 million yen, which is the income and | |
expenses of the entire Company not allocated to the reporting segments or the "Other" category. | ||
7 |
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Eneos Holdings Inc. published this content on 10 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 February 2021 08:36:07 UTC.