Q1 2025 Cosmo Energy Holdings Co Ltd Earnings Presentation Transcript

Aug 09, 2024 / NTS GMT

Release Date Price: $6.22

Transcript

Tomoki Iwai

Cosmo Energy Holdings Co Ltd - Executive Officer, Director of Accounting

I'm Tomoki Iwai. Thank you for joining us today. I'll explain the financial results for the first quarter of fiscal 2024 following the handout.

Now please turn to page 3 for highlights. In the first quarter of FY 2024, profit exceeded the forecast announced in May. Ordinary profit, excluding the impact of inventory valuation was JPY44.4 billion, and profit attributable to owners of parent, excluding the impact of inventory valuation was JPY18.6 billion, a significant increase year-on-year.

However, in extraordinary income or losses, we posted a loss of JPY5.3 billion due to the decision not to participate in a public bidding for offshore wind power project under development. We are preparing for the round three bidding, but we have decided to

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