Consolidated Financial Results for the Three Months Ended June 30, 2026 (Under Japanese GAAP) ( 98kB )

FY2026 1Q Supplementary Materials for Financial Results ( 1.26MB )

In the business environment surrounding our group, although demand for aviation fuel remained firm,market conditions for domestic petroleum products were unstable due to volatile crude oil prices resulting from tensions in the Middle East, including the situation in Iran, and emergency price-mitigation measures for fuel oils.
Under these circumstances, during the three months ended June 30, 2026, net sales of our group decreased by 6.1% year-on-year to 144,578 millionyen due to a decrease in the sales volume of petroleum products. Operating income increased by 239.4% year-on-year to 3,465 million yen due to the recovery in profitability at Kygnus Sekiyu K.K., and strong performance in the Chemical Products-related business. Ordinary profit increased 186.9%year-on-year to 3,858 million yen, and profit attributable to owners of parent increased by 148.6% year-on-year to 2,667 million yen.

Segment are as follows.

In the Petroleum-related business, net sales decreased by 9.1% year-on-year to 118,713 million yen due to a decline in the sales volume of petroleumproducts. Segment profit was 1,407 million yen (segment loss was 518 million yen in the three months ended June 30, 2025) due to the recovery in the performance of a consolidated subsidiary Kygnus Sekiyu K.K., which had experienced deterioration in profitability in some transactions in the previous fiscal year.

In the Chemical Products-related business, net sales increased by 26.2% year-on-year to 3,934 million yen due to expanded sales of high-value-added products in biocide products, as well as rush demand for solvents and other products. Segment profit increased by 82.6% year-on-year to 525 million yen.

In the Gas-related business, net sales increased by 10.3% year-on-year to 16,288 million yen due to higher LP gas sales prices. Segment profit increased by 19.2% year-on-year to 789 million yen due to the impact of inventory valuation.

In the Aviation-related business, net sales increased by 4.1% year-on-year to 4,306 million yen due to higher unit prices for aviation fuel handling fees,and segment profit increased by 3.6% year-on-year to 1,343 million yen.

In other businesses, net sales decreased by 10.3% year-on-year to 1,336 million yen due to a decrease in orders in the construction industry. Segment profit increased by 157.4% year-on-year to 360 million yen due to an increase in orders for the cleaning and surface treatment business for metal products and other products.