Sinanen Holdings Co., Ltd. Revises Financial Forecast for the Financial Year March 31, 2023
April 05, 2023 at 02:10 am
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Sinanen Holdings Co., Ltd. revised financial forecast for the financial year March 31, 2023. For the period, the company revises net sales from JPY 370,000 million to JPY 340,000 million; operating profit from JPY 0 million to JPY 1,000 million; profit attributable to owners of parent from JPY 0 million to JPY 500 million; and profit per share from JPY 0.00 to JPY 45.77. Reasons for revision: In the energy solution business, one of the Group's main businesses, owing to a recent decline in crude oil prices, unit selling prices have fallen, especially in the petroleum business, and net sales are expected to fall below the previous forecast.
SINANEN HOLDINGS CO., LTD., is a Japan-based company mainly engaged in the energy wholesale and retail business, among others. It has three business segments. The Energy Wholesale and Retail segment (BtoB Business) is engaged in the sale of fuel such as liquefied petroleum (LP) gas, home energy peripheral business such as reform and gas appliance sales, home electric power sales business, supply of city gas, as well as security and delivery business of liquefied petroleum gas. Energy Solutions segment (BtoB Business) is engaged in the sales of various fuels such as petroleum products for large-scale customers, operation of gas stations, power supply development and corporate power sales business, sales of solar power generation systems and the provision of peripheral services, energy saving solutions business, housing equipment related business. Non-energy and Overseas segment includes antibacterial business, environment and recycling business, import and sale of bicycles and others.