2024.06.13
Taiyo Oil is pleased to announce the finalization of its financial results for the 87th term (April 1, 2023 - March 31, 2024).
Summary of Financial Statements for the 87th fiscal year
For the term under review, owing to the smaller scale of maintenance work at our Shikoku Operations compared to the previous term, the sales volume increased year-on-year. Additionally, the rise in crude oil prices, influenced by instability in the Middle East, led to sales amounting to 744.4 billion yen (up 32.6 billion yen year-on-year).
Regarding profit and loss, operating income was 18.3 billion yen (up 39.9 billion yen year-on-year), and ordinary income was 16.6 billion yen (up 39.6 billion yen year-on-year) due to inventory valuation gains resulting from the rise in crude oil prices at the end of the term.
Profit and loss
（unit: JPY 100 million）
|
| 86th fiscal year | 87th fiscal year |
Year-on-year |
|---|---|---|---|
|
Sales |
7,118 | 7,444 |
326 |
|
Operating income |
▲216 | 183 |
399 |
|
Ordinary income (Ordinary income excluding inventory valuation factors) |
▲230 （ 27 ） |
166 （ 46 ） |
396 ( 19 ) |
|
Current net earnings |
▲275 | 115 |
390 |
|
(Reference) On a consolidated basis |
|||
|
Consolidated sales volume |
7,213 | 7,539 | 326 |
|
Consolidated ordinary income |
▲214 | 180 | 394 |
|
Consolidated net income |
▲265 | 123 | 388 |