2021.11.12
Taiyo Oil hereby announces the interim financial statement for the 85th fiscal year (April 1, 2021 to March 31, 2022).
Summary of the 85th fiscal year interim financial statement
During the term, although fuel oil demand has been in a gradual recovery since the previous year due to anticipation of an economic turnaround resulting from progress regarding vaccinations for the infectious disease COVID-19, sales volume remained flat compared to the previous year due to the performance of medium maintenance work at Shikoku Operations. Meanwhile, unit sales prices rose accompanying an increase in crude oil prices, for sales amounting to 266.4 billion yen (an increase of 68.9 billion yen over the same period last year).
In regard to profit and loss, both income and profit increased. Due to factors such as the occurrence of an inventory valuation gain resulting from a mid-term rise in crude oil prices, and an improvement in market conditions regarding petrochemical products, the company recorded an operating profit of 22.8 billion yen (an increase of 13.2 billion yen from the same period last year), an ordinary profit of 22.5 billion yen (an increase of 13 billion yen from the same period last year), and a current term net profit of 13.4 billion yen (an increase of 6.6 billion yen from the same period last year).
Profit and loss
|
|
Previous interim term |
Current interim term |
Year-on-year |
|---|---|---|---|
|
Sales |
1,975 |
2,664 |
689 |
|
Operating income |
95 |
228 |
132 |
|
Ordinary income (Ordinary income excluding inventory valuation factors) |
95 （ △7 ） |
225 (97) |
130 （104） |
| Current net earnings |
67 |
134 |
66 |
|
(Reference) On a consolidated basis | |||
|
Consolidated sales volume |
2,014 |
2,698 |
684 |
|
Consolidated ordinary income |
94 |
223 |
128 |
|
Consolidated net income |
66 |
132 |
66 |