TOA Oil Co., Ltd. announced earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net sales of JPY 7,614 million as compared to JPY 6,239 million a year ago. Operating profit was JPY 801 million as compared to JPY 239 million a year ago. Ordinary profit was JPY 793 million as compared to JPY 230 million a year ago. Profit attributable to owners of parent was JPY 595 million as compared to JPY 490 million a year ago. Diluted and basic earnings per share were JPY 4.79 as compared to JPY 3.94 a year ago.

The company provided earnings results guidance for the half year ending June 30, 2018 and year ending December 31, 2018. For the half year, the company expects net sales of JPY 15,300 million, operating profit of JPY 1,670 million, ordinary profit of JPY 1,610 million, profit attributable to owners of parent of JPY 1,050 million and basic earnings per share of JPY 8.44.

For the year, 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.