Cosmo Energy reports strong first half results, announces share split

Cosmo Energy Holdings (TSE:5021) announced a 14.5% increase in profit attributable to owners of parent, reaching 23,631 million yen for the first half of fiscal year ending March 2026, up from 20,639 million yen in the prior year. Net sales rose 1.0% to 1,333,782 million yen, while operating profit surged 46.2% to 60,254 million yen. Despite the gains, ordinary profit saw a 9.5% decrease to 53,208 million yen. The company's total assets stood at 2,114,875 million yen, with net assets at 717,048 million yen, reflecting a net worth ratio of 27.9%.

In a move to make its shares more accessible, Cosmo Energy executed a 2-for-1 common stock split, effective October 1, 2025. This decision, approved by the board on July 22, 2025, doubled the total issued shares to 165,041,722 shares and the authorized shares to 340,000,000 shares. The interim dividend for the fiscal year ending March 2026 is 150.00 yen per share (pre-split basis), with a projected year-end dividend of 90.00 yen per share (post-split basis), maintaining a total annual forecast of 330.00 yen (pre-split equivalent).

The company's full-year consolidated business forecast for FY2025 remains unchanged from the announcement on May 13, 2025, anticipating 2,580,000 million yen in net sales and 53,000 million yen in profit attributable to owners of parent. Additionally, Yokkaichi Kasumi Power Co., Ltd., previously a consolidated subsidiary, was merged into Cosmo Oil Co, Ltd., and thus excluded from the scope of consolidation during the first half of FY2025.