TOA Oil Co., Ltd. announced that it expects to a pay year dividend of JPY 40 per share for the year ended December 2018 compared to JPY 4.00 per share declared last year.

The company announced consolidated earnings results for the nine months ended September 30, 2018. For the period, the company reported net sales were JPY 22,385 million against JPY 21,523 million a year ago. Operating profit was JPY 3,233 million against JPY 2,823 million a year ago. Ordinary profit was JPY 3,197 million against JPY 2,801 million a year ago. Profit attributable to owners of parent was JPY 2,105 million against JPY 2,197 million a year ago. Basic earnings per share were JPY 169.21 against JPY 176.94 a year ago.

The company provided earnings guidance for the quarter ending December 2018. The company expects net sales of JPY 31,000 million, operating profit of JPY 3,930 million, ordinary profit of JPY 3,870 million, profit attributable to owners of parent of JPY 2,610 million and basic earnings per share of JPY 209.80.