Sinanen Holdings revises upward full-year profit forecast

Sinanen Holdings (TSE:8132) announced an upward revision to its full-year financial results forecast for the fiscal year ending March 31, 2025. The revised forecast anticipates a net sales decrease to JPY314.8 billion from the previously announced JPY340 billion due to lower petroleum product sales. However, operating profit is now projected at JPY3.6 billion, a notable increase from the earlier forecast of JPY2.8 billion. Ordinary profit is also revised upwards to JPY4.3 billion from JPY3.1 billion. This boost in profitability is attributed to the steady recovery in the electricity business, driven by the transition to market-linked plans and administrative system reviews, as well as improved kerosene transaction profitability within the petroleum sector. Profit attributable to owners of parent is expected to increase to JPY3.0 billion or JPY275.77 per share, from JPY1.8 billion, despite accounting for factors such as impairment losses on non-current assets and losses on the sale of shares of subsidiaries. The company has not revised its year-end dividend forecast.