Rise in resource prices owing to the global economic recovery
Demand for domestic petroleum products is still weak, and is still below the level seen before the COVID-19 pandemic
Movement toward a decarbonized
COVID-19has accelerated and recycling-oriented society
Advancements in the data society
(increase in demand for advanced materials in the field of IT )
Financial
Results
Summary
Substantial Increase in profits for FY2021 1H (YoY) and FY2021 forecast (vs. forecast in May 2021) due mainly to a rise in resource prices, and increased sales of advanced materials such as functional materials / thin- film materials, etc.
Current
(JPY billion)
1H (Actual)
Forecast
Operating
337.8
470.0
Income
+248.91
+210.0 2
Excl. Inventory
168.6
310.0
Valuation effects +42.71
+80.0 2
1 vs. 1H2020 (Actual)
2 vs. Forecast (May 2021)
Progress of the
2nd Medium-Term
Mgt Plan
Steadily executed measures based on the 2nd Medium-Term Management Plan in order to contribute to a decarbonized and recycling-oriented society, enhance growth businesses and optimize our business portfolio
Acquisition of Japan Renewable Energy's shares, enhancement of innovation through the GI fund,
acquisition of elastomers business, withdrawal from the coal business, and making NIPPO, our subsidiary, go private, etc.
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Eneos Holdings Inc. published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 04:06:04 UTC.
ENEOS Holdings, Inc. (formerly JXTG Holdings, Inc.) is a holding company organized around 4 areas of activity:
- refining and distribution of oil products (84.1% of net sales);
- production of non ferrous metal (10%): primarily copper;
- exploration and production of oil and natural gas (1.3%);
- other (4.6%).