ENEOS Holdings revises FY2025 forecast, boosts dividend

ENEOS Holdings revised its FY2025 consolidated results, with revenue now expected to be JPY 11,400bn (down JPY 300bn from previous forecast), operating profit JPY 290bn (down JPY 70bn), and profit attributable to owners of parent JPY 135bn (down JPY 50bn). This adjustment is largely attributed to anticipated inventory valuation losses of JPY 130bn, stemming from revised crude oil price assumptions (Dubai crude at $65/barrel from October) and a weaker yen ($150/USD from October).

Despite the overall reduction in operating profit, the company anticipates an increase of JPY 10bn in operating profit excluding inventory valuation factors, driven by improved margins in Petroleum Products and higher sales volume in Electricity. Concurrently, ENEOS Holdings increased its interim dividend to JPY 17.00 per share (from JPY 15.00), resulting in a revised full-year dividend forecast of JPY 34.00 per share (up JPY 4.00 from the previous forecast).

The company also released its Q2 FY22 financial results, showing H1 FY2025 operating profit of JPY 166,738m and profit attributable to owners of the parent of JPY 64,754m. Total assets were JPY 8,707,103m, and total equity attributable to owners of the parent was JPY 3,117,056m, with an equity ratio of 35.8%.