ENEOS Holdings Reports Q1 Profit Swing to ¥138.7 Billion, Maintains Full-Year Guidance
The Japanese energy conglomerate swung to profitability in the first quarter after a year-ago loss, driven by improved operating margins, while reaffirming its fiscal 2026 targets.
Quarterly Turnaround
ENEOS Holdings, Inc., Japan's largest oil and energy group, reported profit attributable to owners of ¥138,731 million for the first quarter of fiscal 2026, a sharp reversal from a loss of ¥7,329 million in the same period last year (FIN SUPP filing, 2026-08-07). The Tokyo- and Nagoya-listed company, with a market capitalization of approximately $23 billion, posted revenue of ¥2.73 trillion for the three months ended June 30, 2026.
Operating profit reached ¥177,524 million, compared to an operating loss of ¥15,429 million in the prior-year quarter. The company's profit before tax stood at ¥194,158 million, versus a ¥6,667 million loss a year earlier. Basic earnings per share came in at ¥51.69, compared to a loss of ¥2.72 per share in Q1 FY2025 (FIN SUPP filing, 2026-08-07).
Financial Position and Cash Flow
As of June 30, 2026, ENEOS Holdings reported total assets of ¥11.54 trillion, down from ¥11.90 trillion at the end of March 2026. Total equity attributable to owners of the parent stood at ¥4.11 trillion, with an equity ratio of 35.6% (FIN SUPP filing, 2026-08-07).
The company generated net cash from operating activities of ¥135,969 million during the quarter, a significant improvement from ¥24,502 million used in operating activities in the year-ago period. Cash and cash equivalents at quarter-end totaled ¥552,950 million (FIN SUPP filing, 2026-08-07).
Unchanged Outlook and Business Restructuring
ENEOS Holdings maintained its full-year forecast for fiscal 2026, which runs through March 31, 2027. The company continues to project revenue of ¥12.5 trillion, operating profit of ¥410 billion, profit before tax of ¥445 billion, and profit attributable to owners of ¥305 billion, representing basic earnings per share of ¥113.62 (FIN SUPP filing, 2026-08-07).
The company noted that its forecast for operating profit excluding inventory valuation factors remains at ¥590 billion, representing a 24.4% increase from the previous fiscal year's ¥474,454 million (FIN SUPP filing, 2026-08-07).
The filing disclosed a business restructuring completed on April 1, 2026, in which ENEOS Corporation transferred and integrated its natural gas liquefaction and domestic sales businesses into ENEOS Xplora Inc., the group's oil and natural gas exploration and production subsidiary. The company stated this restructuring "aims to optimize the allocation of management resources by having ENEOS Xplora Inc. centrally manage the natural gas business, from upstream development to downstream" (FIN SUPP filing, 2026-08-07).
Dividend Policy
The company confirmed its dividend forecast remains unchanged, with a year-end dividend of ¥17.00 per share planned for a total annual dividend of ¥34.00 per share. According to MarginX data, the cash dividend payment is scheduled for September 29, 2026.
ENEOS Holdings is scheduled to report its second-quarter fiscal 2027 results on November 11, 2026, according to MarginX data.
This article was generated by MarginX from the FIN SUPP filing on 2026-08-07. It is not investment advice.