Cosmo Energy Holdings Co., Ltd. Provides Consolidated Earnings Guidance for Fiscal Year 2021
May 13, 2021
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Cosmo Energy Holdings Co., Ltd. provided consolidated earnings guidance for fiscal year 2021. The company expects consolidated ordinary profit for the full year is expected to be JPY 88 billion, a decrease of JPY 9.4 billion versus the previous year. Consolidated ordinary profit, excluding inventory valuation effect, is expected to be JPY 80 billion, an increase of JPY 3.4 billion versus the previous year. And the net income attributable to owners of parent, JPY 40 billion, a decrease of JPY 45.9 billion versus the previous year. Sales volume is expected to increase by JPY 4.7 billion for the 4 major products due to the recovery of crude oil prices and by JPY 4.1 billion for non-four major products for a total increase of JPY 8.8 billion.
Cosmo Energy Holdings Co Ltd is a Japan-based company mainly engaged in the development, import, refining, storage and sale of crude oil. The Company operates in three business segments. The Petroleum segment is engaged in the production and sale of volatile oil, naphtha, kerosene, light oil, heavy oil, crude oil, lubricating oil and liquefied petroleum gas. The Petrochemical segment is engaged in the production and sale of petrochemical products such as ethylene, mixed xylene, paraxylene, benzene, toluene, and petrochemical solvents. The Oil Development segment is engaged in the development, production and sale of crude oil. The other business includes construction business, insurance agency business, leasing business, travel business, wind power generation business, real estate sales business, accounting, finance, purchasing, general affairs and human resources-related business.
COSMO ENERGY HOLDINGS CO., LTD. 
