TONENGENERAL SEKIYU KK January 27, 2017
TonenGeneral Sekiyu K.K.
(Stock Code: 5012 Tokyo Stock Exchange) Representative Director, President
Jun Mutoh
Contact: Kosuke Kai Manager, Media Relations, Public Relations & CSR Tel: 03-6713-4400
Earnings Forecast RevisionTaking into account recent developments in our earnings, TonenGeneral Sekiyu K.K. has revised its consolidated earnings forecast for full-year 2016 (January 1- December 31) versus the forecast announced on November 11, 2016 and released its non-consolidated earnings forecast for full-year 2016 (January 1- December 31) as follows.
Revision of consolidated earnings forecast figures for 2016 (January 1 - December 31, 2016)
(Unit: million yen)
Net sales | Operating income | Ordinary income | Profit attributable to owners of parent | Earnings per share (yen) | |
Previous forecast (A) | 2,100,000 | 48,000 | 47,000 | 31,000 | 85.11 |
Revised forecast (B) | 2,089,000 | 81,000 | 77,000 | 64,000 | 175.71 |
Difference (B-A) | (11,000) | 33,000 | 30,000 | 33,000 | |
Increase/(decrease) (%) | (0.5) | 68.8 | 63.8 | 106.5 | |
(Ref.) Results for full year 2015 | 2,627,850 | 2,017 | (294) | 51 | 0.14 |
Non-consolidated earnings forecast for 2016 (January 1 - December 31, 2016)
Net sales | Operating income | Ordinary income | Net income | Earnings per share (yen) | |
Results for full year 2015 (A) | 2,372,577 | (8,976) | (5,344) | (9,085) | (24.94) |
Revised forecast (B) | 2,013,000 | 61,000 | 62,000 | 65,000 | 178.45 |
Difference (B-A) | (359,577) | 69,976 | 67,344 | 74,085 | |
Increase/(decrease) (%) | (15.2) | － | － | － |
Projected consolidated operating income for full year 2016 is 81 billion yen, up by 33 billion yen from the previous forecast announced on November 11, 2016. The revision reflects higher than forecast Oil and Chemical products margins in 4Q16 as well as 8 billion yen of inventory gains compared to 20 billion yen inventory losses in the prior forecast. The Company reaffirms the full year dividend forecast of
47.5 yen per share (Regular dividend 38.0 yen, Special dividend 9.5 yen) stated in our previous announcement.
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