Q1 2023 ENEOS Holdings Inc Earnings Presentation Transcript

Aug 12, 2022 / NTS GMT
Presentation
Aug 12, 2022 / NTS GMT

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Corporate Participants
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* Tanaka Soichiro
ENEOS Holdings, Inc. - SVP & Managing Executive Officer

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Tanaka Soichiro - ENEOS Holdings, Inc. - SVP & Managing Executive Officer

I would like to thank our shareholders and investors for your continued support and advice regarding the business activities of the ENEOS Group. Let me start explaining our business activities in accordance with the materials. Please see Page 3.

First, here are the financial results highlights. Operating income for Q1 FY 2022 was JPY 325.3 billion, an increase of JPY 163.3 billion year-on-year, of which approximately JPY 120 billion was accounted for by the positive inventory impact from higher oil prices and a weaker yen. Excluding inventory valuation, real operating income was JPY 117.2 billion, an increase of JPY 42.7 billion year-on-year. Although it took longer than expected to restart the refinery shutdown due to the earthquake off the coast of Fukushima prefecture in

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