We are pleased to report that Taiyo Oil's financial statements for the 74th fiscal year (April 1, 2010 through March 31, 2011) has been finalized.
Despite the rise in selling price, sales fell to 227,175 million yen (decrease of 4,790 million yen over the same period last year), due to a decline in sales volume resulting from regular repairs of refining equipment.
Operating income declined by 2,345 million over the same period last year, to 2,670 million yen.
Ordinary income was 2,396 million yen (decrease of 1,887 million yen over the same period last year), due to the improvement of the balance of non-operating income and expenses.
|Current interim term||Previous interim term||Compared with year- earlier period|
|Gross sales volume||3,241thousand KL||3,613 thousand KL||(372 thousand KL)|
|(Million yen)||(Million yen)||(Million yen)|
|Operating income||2,670||5,015||(-) 2,345|
|Ordinary income||2,396||4,283||(-) 1,887|
|Interim net income||2,906||3,946||(-) 1,040|
|(Reference:Consolidated basis)||(Million yen)||(Million yen)||(Million yen)|
|Consolidated sales||238,199||245,467||(-) 7,268|
|Consolidated ordinary income||2,338||5,029||(-) 2,691|
|Consolidated interim net income||3,147||4,407||(-) 1,260|