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ENEOS profit rebounds as revenue slips, equity strengthens

Revenue slipped to ¥11.77tn, but operating profit recovered to ¥466.6bn and parent profit rose to ¥258.7bn, while equity attributable to owners reached ¥3.37tn. Lower top line, stronger profit and equity: not elegant, but effective.

Editorial illustration of refinery storage tanks and piping with abstract financial trend lines.

ENEOS Holdings finished the year to March 2026 with a top line that moved down and profit lines that moved up. Revenue slipped to ¥11.77tn from ¥12.32tn a year earlier, but operating profit rebounded to ¥466.6bn from ¥106.1bn. Profit before tax rose to ¥448.8bn from ¥88.2bn, and profit attributable to owners of the parent increased to ¥258.7bn from ¥226.1bn, according to the group's annual securities report. Comprehensive income attributable to owners of the parent also rose to ¥350.6bn from ¥177.9bn.

ENEOS results snapshot
Reader-friendly display of figures disclosed in the annual securities report excerpt.
MetricYear to Mar. 2026Year to Mar. 2025
Revenue¥11.77tn¥12.32tn
Operating profit¥466.6bn¥106.1bn
Pretax profit¥448.8bn¥88.2bn
Parent profit¥258.7bn¥226.1bn
Equity attributable to owners¥3.37tn¥3.10tn
Owners' equity ratio37.1%35.3%

The balance sheet firmed up as well. Equity attributable to owners of the parent rose to ¥3.37tn from ¥3.10tn, the owners' equity ratio improved to 37.1% from 35.3%, and total assets ended the year at ¥9.09tn, up from ¥8.79tn.

ENEOS filed an internal control report the same day covering 78 group companies, including 70 consolidated subsidiaries and 8 equity-method affiliates. That report said the group judged its financial-reporting controls effective as of March 31, 2026.

Taken together, the filings show a stronger profit and equity position, even with sales lower year on year.