Taiyo Oil hereby announces the interim financial statement for the 86th fiscal year (April 1, 2022 to March 31, 2023).
Summary of the 86th fiscal year interim financial statement
For the current fiscal year, our sales volume decreased from the previous year due to periodic repair work at the Shikoku Operations. Meanwhile, for the same period our unit sales prices rose accompanying an increase in crude oil prices, for sales amounting to 304.8 billion yen (an increase of 38.4 billion yen over the same period last year).
On the loss side, both income and profit decreased, due to the write-down of the book value of inventories due to the decline in crude oil prices at the end of September, for an operating profit of 4.3 billion yen (a decrease of 18.5 billion yen from the same period last year), ordinary profit of 3.9 billion yen (a decrease of 18.6 billion yen from the same period last year), and a current term net profit of 3.6 billion yen (a decrease of 9.8 billion yen from the same period last year).
Profit and loss
|Previous interim term||Current interim term||Year-on-year|
(Ordinary income excluding inventory valuation factors)
|Current net earnings||134||36||△98|
|(Reference) On a consolidated basis|
|Consolidated sales volume||2,698||3,089||391|
|Consolidated ordinary income||223||42||△181|
|Consolidated net income||132||38||△94|