ENEOS HOLDINGS, INC. Security Code Tokyo 5020
November 11, 2021
FY2021 1H Financial Results
Ota Katsu yuki Representative Director, President Tanaka Soichiro Senior Vice President
Agenda
Highlights of Financial Results | p. 2 |
Progress of the Second Medium-Term Management Plan | p. 6 |
Business Environment | p. 14 |
Financial Results for FY2021 1H | p. 17 |
Forecast for FY2021 | p. 24 |
70 | |
17 | |
Reference | p. 30 |
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Highlights of Financial Results
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Key Headlines
Business
Environment
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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Highlights of Financial Results
Overview of Financial Results
FY2021 1H (Actual)
- Significant increase in Operating Income and Net Income year-on-year
- Operating Income (Excl. Inventory Valuation Effects) ¥168.6bn (vs.FY20/1H + ¥42.7bn）
- Increase in profits of Oil & Natural Gas E&P and Metals segments due mainly to a rise in resource prices, increased sales of advanced materials, etc.
- Decrease in energy segment profits owing mainly to deterioration of domestic petroleum product and export margins, refinery operation trouble, etc.
JPY billion | ||||||||
FY20/1H (Actual) | FY21/1H (Actual) | Difference | ||||||
Operating Income | 88.9 | 337.8 | ＋248.9 | |||||
Inventory valuation effects | -37.0 | 169.2 | ＋206.2 | |||||
Net Income attributable to | 36.4 | 211.4 | ＋175.0 | |||||
owners of the parent | ||||||||
Operating Income | 125.9 | 168.6 | ＋42.7 | |||||
Excl. inventory valuation effects | ||||||||
Energy | 57.1 | 27.3 | -29.8 | |||||
Oil and Natural Gas E&P | 1.5 | 38.8 | ＋37.3 | |||||
Metals | 36.9 | 78.7 | ＋41.8 | |||||
Other | 30.4 | 23.8 | -6.6 | |||||
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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.
