Eneos Holdings, Inc. ( (JXHGF) ) has released its Q3 earnings. Here is a breakdown of the information Eneos Holdings, Inc. presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
ENEOS Holdings, Inc. is a Japanese company operating primarily in the energy and resources sector, known for its diverse portfolio including petroleum products, high-performance materials, electricity, renewable energy, oil and natural gas exploration, and metals.
In the latest earnings report for the third quarter of fiscal year 2024, ENEOS Holdings, Inc. reported a decrease in revenue and profit compared to the same period last year. The company recorded revenue of 9.6 trillion yen, a 6.2% decline, and a profit attributable to owners of the parent of 170.7 billion yen, down 17.4%.
Key financial metrics showed a year-on-year decline in operating profit and profit before tax, with operating profit falling by 21.7% to 302.5 billion yen and profit before tax dropping by 22.6% to 287.8 billion yen. Despite the decrease, the company maintained its dividend forecast, planning to issue an annual dividend of 26 yen per share for fiscal year 2024.
The company continues to focus on strategic changes, including adjustments in the accounting estimates and the reclassification of business segments to align with its long-term vision. Additionally, a significant development involves the upcoming listing of its subsidiary JX Advanced Metals Corporation on the Tokyo Stock Exchange, which will change its status to an affiliate.
Going forward, ENEOS Holdings, Inc. remains committed to navigating the competitive energy and resources market, focusing on its strategic initiatives and maintaining financial stability despite the challenging economic conditions.
