TOA Oil Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended December 2018. For the year, on consolidated basis, the company reported net sales of ¥30,760 million compared to ¥29,979 million a year ago. Operating profit was ¥4,152 million compared to ¥3,185 million a year ago. Profit attributable to owners of parent was ¥2,775 million compared to ¥2,472 million a year ago. Basic earnings per share were ¥223.11 compared to ¥198.77 a year ago.

For the year, on non-consolidated basis, the company reported net sales of ¥29,633 million compared to ¥27,309 million a year ago. Operating profit was ¥4,008 million compared to ¥2,536 million a year ago. Profit was ¥4,595 million compared to ¥2,529 million a year ago. Basic earnings per share was ¥369.42 compared to ¥203.29 a year ago.

The company provided consolidated earnings guidance for the six months ending June 2019 and year ending December 31, 2019. For the six months ending June 2019, the company expects net sales of ¥15,000 million, operating profit of ¥1,760 million and profit attributable to owners of parent of ¥1,220 million or ¥98.07 per basic share.

For the year ending December 2019, the company expects net sales of ¥32,000 million, operating profit of ¥2,050 million and profit attributable to owners of parent of ¥1,350 million or ¥108.52 per basic share.