Consolidated Financial Results for the Three Months Ended June 30 2025 [Under Japanese GAAP] ( 90KB )

FY 2025 1Q Supplementary Materials for Financial Results ( 239KB )

In the business environment surrounding our group, demand for aviation fuel remained strong, with the number of foreign visitors to Japan reaching a record high in April 2025. On the other hand, the market prices of domestic petroleum products remained unstable due to the tension in the Middle East situation and the subsidy provided by the government's measures to reduce the fixed price of fuel oil.
Under these circumstances, during the three months ended June 30, 2025, net sales increased by 2.1% year-on-year to 154,034 million yen. Operating income declined by 58.2% year-on-year to 1,021 million yen, primarily due to a significant deterioration in profitability. This was caused by the price distortion in certain purchase and sales transactions at consolidated subsidiary Kygnus Sekiyu K.K., stemming from the impact of domestic petroleum product market conditions. Ordinary profit decreased by 51.8% year-on-year to 1,344 million yen, and profit attributable to owners of parent decreased by 58.9% year-on-year to 1,073 million yen.

Segment are as follows.

In the Petroleum-related business, net sales increased by 1.3% year-on-year to 130,528 million yen, but segment loss was 518 million yen (segment profit was 1,652 million yen in the three months ended June 30, 2024) due to the declining performance of consolidated subsidiary Kygnus Sekiyu K.K. On the other hand, sales at directly managed SS and other divisions remained strong.

In the Chemical Products-related business, net sales increased by 0.4% year-on-year to 3,117 million yen. Segment profit increased by 23.3% year-on-year to 287 million yen, mainly due to improved margins on solvents and industrial chemicals.

In the Gas-related business, net sales increased by 2.4% year-on-year to 14,761 million yen. Segment profit increased by 40.8% year-on-year to 662 million yen due to an increase in the number of LP gas retail customers and improved profitability resulting from price revisions.

In the Aviation-related business, net sales increased by 18.4% year-on-year to 4,136 million yen, due to strong performance of international flights at Haneda Airport, as well as increased fuel handling revenue at Kansai International Airport and Kobe Airport, which are located near the Osaka-Kansai Expo site, and other airports in which our group engages. Segment profit increased by 57.7% year-on-year to 1,296 million yen

In the Other businesses, net sales increased by 43.7% year-on-year to 1,489 million yen due to an increase in orders received in the construction industry. Segment profit increased by 35.4% year-on-year to 139 million yen due to an increase in orders for cleaning and surface treatment services for metal products and other products.