We are pleased to report that Taiyo Oil's interim financial settlement for the 76th fiscal year (April 1, 2012, through March 31, 2013) has been finalized.
Sales decreased to 331,421 million yen (a decrease of 25,600 million yen over the same period last year) due to a decrease in sales volume, reflecting the impact of regular repairs of refinery units required this year, despite our efforts to improve domestic retail prices.
In operating profit and loss, operating loss of 2,813 million yen (a profit improvement of 4,486 million yen over the same period last year) was posted despite our profit improvement efforts for cost reduction, expense cut, etc.
In ordinary profit and loss, a loss of 3,231 million yen was posted (a profit improvement of 4,241 million yen over the same period last year) partly due to the worsening of non-operating profit and loss resulting from foreign exchange losses and other factors.
(unit: JPY 1 million)
|Previous interim term||Current interim term||Compared with year- earlier period|
|Gross sales volume||4,401 thousand KL||3,993 thousand KL||408 thousand KL|
|Operating income||(-) 7,299||(-) 2,813||4,486|
|Ordinary income||(-) 7,472||(-) 3,231||4,241|
|Interim net income||(-) 7,151||(-) 2,730||4,421|
|Reference: Consolidated basis|
|Consolidated sales||361,321||334,254||(-) 27,067|
|Consolidated ordinary income||(-) 7,972||(-) 3,374||4,598|
|Consolidated interim net income||(-) 7,604||(-) 2,939||4,665|