Consolidated Financial Results for the Fiscal Year 2020

Source Press Release
Company ENEOS Holdings, Inc. 
Tags Strategy - Corporate, Financial & Operating Data
Date May 12, 2021

1.  Consolidated Results for Fiscal Year 2020 (From April 1, 2020 to March 31, 2021)

(1)    Operating Results                                                                               (Percentage figures represent changes from the previous fiscal year.)

  Revenue  Operating profit  Profit before tax  Profit for the year attributable to owners of the parent  Total comprehensive income for the year 
FY2020 FY2019  Millions of yen 7,658,011 10,011,774  % (23.5) (10.0)  Millions of yen 254,175 (113,061)  – –  Millions of yen 230,891 (135,764)  – –  Millions of yen 113,998 (187,946)  – –  Millions of yen 162,708 (261,686)  – – 
                             
  Basic profit per share  Diluted profit per share  Profit ratio to equity attributable to owners of the parent  Profit before tax ratio to total assets  Operating profit ratio to revenue 
  Yen  Yen 
FY2020  35.48  35.42  4.9  2.9  3.3 
FY2019  (57.86)  (57.86)  (7.5)  (1.6)  (1.1) 

(Reference) Equity in earnings of affiliates: FY2020: 59,387 million yen; FY2019: 15,868 million yen

(2)    Financial Position

  Total assets  Total equity  Total equity attributable to owners of the parent  Equity ratio attributable to owners of the parent  Equity attributable to owners of the parent per share 
  Millions of yen  Millions of yen  Millions of yen  Yen 
FY2020  8,058,818  2,752,568  2,325,108  28.9  724.18 
FY2019  8,011,292  2,707,908  2,311,046  28.8  718.28 

(3)    Cash Flows

  Net cash flows from operating activities  Net cash flows from investing activities  Net cash flows from financing activities  Cash and cash equivalents at the end of the year 
  Millions of yen  Millions of yen  Millions of yen  Millions of yen 
FY2020  679,094  (306,791)  (355,081)  412,300 
FY2019  510,734  (371,346)  (119,808)  393,302 

2.  Dividends

  Annual cash dividends per share  Total dividend amount  Dividend payout ratio (Consolidated)  Dividend ratio of equity attributable to owners of the parent (Consolidated) 
End of 1st quarter  End of 2nd quarter  End of 3rd quarter  Year-End  Total 
FY2019 FY2020  Yen – –  Yen 11.00 11.00  Yen – –  Yen 11.00 11.00  Yen 22.00 22.00  Millions of yen 70,922 70,906  % – 62.0  % 2.9 3.1 
FY2021 (Forecast)  –  11.00  –  11.00  22.00    50.5   

Note: Average number of shares issued during the period that forms the basis for the calculation of dividend payout ratio (consolidated) for FY2021 (forecast) specified above is calculated with the number of issued shares (excluding treasury stock) as of March 31, 2021.

3.  Forecasts of Consolidated Results for Fiscal Year 2021 (From April 1, 2021 to March 31, 2022)

(Percentage figures are changes from the amount for the corresponding period in the previous fiscal year.)

  Revenue  Operating profit  Profit before tax  Profit for the year attributable to owners of the parent  Basic profit per share 
  Millions of yen  Millions of yen  Millions of yen  Millions of yen  Yen 
FY2021  9,500,000  24.1  260,000  2.3  240,000  3.9  140,000  22.8  43.60 

Note: Average number of shares issued during the period that forms the basis for the calculation of basic profit per share specified above is calculated with the number of issued shares (excluding treasury stock) as of March 31, 2021.

As for the forecasts of operating profit excluding inventory valuation factors*, please see the following.

Operating profit excluding inventory valuation factors:

Forecasts for FY2021:                        230,000 million yen (percentage change from the previous fiscal year: 6.7%) (Reference) Actual results for FY2020: 215,500 million yen

(*) The impact of inventory valuation on the cost of sales by using the weighted-average method and by writing down the book value.

Explanatory Notes

(1)       Changes in the number of material subsidiaries during the term under review:        None

Note: This item indicates whether there were changes in specified subsidiaries involving a change in the scope of consolidation.

(2)       Changes in accounting policies and in accounting estimates

(i)          Changes in accounting policies required by the IFRS:       None

(ii)        Changes in accounting policies other than (i) above:         None

(iii)       Changes in accounting estimates: None

(3)       Number of shares issued (Common stock)

(i)          Number of issued shares at the end of the period (including treasury stock) FY2020 ended March 31, 2021:                    3,230,282,649 shares

FY2019 ended March 31, 2020:    3,230,282,649 shares

(ii)        Number of shares of treasury stock at the end of the period FY2020 ended March 31, 2021:                    19,626,899 shares FY2019 ended March 31, 2020:                                12,819,877 shares

(iii)       Average number of shares issued during the period FY2020 ended March 31, 2021:                                3,213,274,772 shares FY2019 ended March 31, 2020:                    3,248,100,071 shares

(Reference) Non-Consolidated Financial Results (Japanese GAAP)

Non-Consolidated Financial Results for Fiscal Year 2020 (From April 1, 2020 to March 31, 2021)

(1)    Operating Results                                                                               (Percentage figures represent changes from the previous fiscal year.)

  Revenue  Operating profit  Ordinary profit  Profit 
FY2020 FY2019  Millions of yen 33,488 87,563  % (61.8) (50.6)  Millions of yen 22,692 76,130  % (70.2) (54.3)  Millions of yen 24,498 80,399  % (69.5) (52.6)  Millions of yen 24,481 54,755  % (55.3) (70.7) 
                 
  Profit per share  Diluted profit per share 
  Yen  Yen 
FY2020  7.61  – 
FY2019  16.84  16.83 

(2)    Financial Position

  Total assets  Net assets  Equity ratio  Net assets per share 
  Millions of yen  Millions of yen  Yen 
FY2020  3,808,260  1,724,724  45.3  536.49 
FY2019  3,989,250  1,752,898  43.9  544.12 

(Reference) Equity: FY2020: 1,724,724 million yen; FY2019: 1,752,898 million yen

l   This report is not subject to audit procedures conducted by certified public accountants or an audit corporation.

l   Explanation regarding appropriate use of forward-looking statements on results, and other specific comments (Note on Statements Regarding Prospective Matters)

This material contains forward-looking statements; however, actual results may differ materially from those reflected in such forward-looking statements, due to various factors, including the following:

(1)    changes in macroeconomic conditions and changes in the competitive environment in the energy, resources and materials industries; (2) the impact of COVID-19 on economic activity; (3) revisions to laws and strengthening of regulations; and (4) litigation and other similar risks.

l   Changes from the previous fiscal year (or corresponding period in the previous fiscal year) are not presented (“-”) if either or both of the fiscal year (or period) under review and the previous fiscal year (or corresponding period) are negative, or if the percentage change is 1,000% or greater.

Consolidated Financial Statements and Major Explanatory Notes Thereto

(1) Consolidated Statements of Financial Position   
    (Millions of yen) 
  FY2019  FY2020 
  (As of March 31, 2020)  (As of March 31, 2021) 
ASSETS     
Current assets     
Cash and cash equivalents  398,573  417,724 
Trade and other receivables  1,020,570  1,129,421 
Inventories  1,181,688  1,295,576 
Other financial assets  61,963  50,530 
Other current assets  183,673  141,626 
Sub total  2,846,467  3,034,877 
Assets held for sale  32,094  4,727 
Total current assets  2,878,561  3,039,604 
     
Non-current assets     
Property, plant and equipment  3,724,861  3,551,070 
Goodwill  185,730  181,507 
Intangible assets  345,371  342,391 
Investments accounted for using the equity method  407,207  445,304 
Other financial assets  343,342  386,295 
Other non-current assets  8,802  10,080 
Deferred tax assets  117,418  102,567 
Total non-current assets  5,132,731  5,019,214 
TOTAL ASSETS  8,011,292  8,058,818 

(Millions of yen)

  FY2019 (As of March 31, 2020)  FY2020 (As of March 31, 2021) 
LIABILITIES     
Current liabilities     
Trade and other payables  1,343,909  1,583,199 
Bonds and borrowings  914,781  616,567 
Income taxes payable  18,275  26,186 
Other financial liabilities  30,647  28,808 
Lease liabilities  70,595  71,756 
Provisions  13,174  18,693 
Other current liabilities  320,446  329,697 
Sub total Liabilities directly related to assets held for  2,711,827 5,748  2,674,906 – 
sale Total current liabilities  2,717,575  2,674,906 
Non-current liabilities     
Bonds and borrowings  1,386,065  1,420,333 
Liabilities for retirement benefits  272,124  242,269 
Other financial liabilities  32,075  34,120 
Lease liabilities  445,244  428,666 
Provisions  165,994  175,634 
Other non-current liabilities  51,873  53,272 
Deferred tax liabilities  232,434  277,050 
Total non-current liabilities  2,585,809  2,631,344 
Total liabilities  5,303,384  5,306,250 
     
EQUITY     
Common stock  100,000  100,000 
Capital surplus  1,138,884  1,066,459 
Retained earnings  982,786  1,042,416 
Treasury stock  (6,003)  (8,793) 
Other components of equity  95,379  125,026 
Total equity attributable to owners of the parent  2,311,046  2,325,108 
Non-controlling interests  396,862  427,460 
Total equity  2,707,908  2,752,568 
TOTAL LIABILITIES AND EQUITY  8,011,292  8,058,818 

(2)     Consolidated Statements of Profit or Loss and

Consolidated Statements of Comprehensive Income or Loss

(Consolidated Statements of Profit or Loss)     
    (Millions of yen) 
  FY2019 (From April 1, 2019 to March 31, 2020)  FY2020 (From April 1, 2020 to March 31, 2021) 
Revenue  10,011,774  7,658,011 
Cost of sales  9,245,604  6,574,261 
Gross profit  766,170  1,083,750 
Selling, general and administrative expenses  829,323  802,776 
Share of profit of investments accounted for using the equity method  15,868  59,387 
Other operating income  76,970  122,443 
Other operating expenses  142,746  208,629 
Operating profit (loss)  (113,061)  254,175 
Finance income  12,116  6,433 
Finance costs  34,819  29,717 
Profit (loss) before tax  (135,764)  230,891 
Income tax expense  36,971  117,959 
Profit (loss) for the year  (172,735)  112,932 
Profit (loss) for the year attributable to:   
Owners of the parent  (187,946)  113,998 
Non-controlling interests  15,211  (1,066) 
Profit (loss) for the year  (172,735)  112,932 
     
                                                                                                     (Yen) 
Basic profit (loss) per share  (57.86)  35.48 
Diluted profit (loss) per share  (57.86)  35.42 

(Consolidated Statements of Comprehensive Income or Loss)


FY2019


(Millions of yen)

FY2020

(From April 1, 2019

to March 31, 2020)


(From April 1, 2020

to March 31, 2021)

 
   

 
   

Items that will not be reclassified to profit or loss

Remeasurement (losses) gains on defined benefit plans  (2,995)  16,593 
Shares of other comprehensive income (loss) of investments accounted for using the equity method                                                                                                                                  (1,186)  679 
Total  (65,428)  36,923 
Items that may be reclassified subsequently to profit or loss     
Exchange differences on translation of foreign operations  (23,165)  2,530 
Changes in fair value of cash flow hedges  7,347  9,199 
Shares of other comprehensive income (loss) of investments accounted for using the equity method                                                                                                                                  (7,705)  1,124 
Total  (23,523)  12,853 
Other comprehensive income (loss), net of tax  (88,951)  49,776 
Total comprehensive income (loss) for the year  (261,686)  162,708 
     
Comprehensive income (loss) for the year attributable to:     
Owners of the parent  (272,338)  149,991 
Non-controlling interests  10,652  12,717 
Total comprehensive income (loss) for the year  (261,686)  162,708 

(3)     Consolidated Statements of Changes in Equity


Retained


Treasury


(Millions of yen) Other components of equity

Changes in fair value of financial

Common stock   Capital surplus


earnings


stock


assets measured at fair value through other comprehensive income (loss)


Changes in fair value of cash flow hedges

Balance as of April 1, 2019  100,000  1,222,193  1,272,960  (29,698)  111,486  (8,877) 
Cumulative effect of Changes in accounting policies  –                                                                                                                                                                  –  (2,072)  –  –  – 
Restated balance  100,000  1,222,193  1,270,888  (29,698)  111,486  (8,877) 
Profit (loss) for the year  –  –  (187,946)  –  –  – 
Other comprehensive income (loss)  –  –  –  –  (60,542)  6,735 
Total comprehensive income (loss) for the year  –                                                                                                                                                                  –  (187,946)  –  (60,542)  6,735 
Purchase of treasury stock  –  –  –  (54,894)  –  – 
Disposal of treasury stock  –  –  –  – 
Cancellation of treasury stock  –  (78,728)  –  78,728  –  – 
Cash dividends  –  –  (72,118)  –  –  – 
Share-based payment transactions  –  283  –  105  –  – 
Equity transactions with non- controlling interests, etc.  –  –  –  –  –  – 
Transfer from other             
components of equity to retained earnings  –  –  (28,038)  –  25,185  – 
Transfer from other             
components of equity to non- financial assets, etc.  –  –  –  –  –  (652) 
Other  –  (4,864)  –  (244)  –  – 
Total transactions with owners  –  (83,309)  (100,156)  23,695  25,185  (652) 
Balance as of March 31, 2020  100,000  1,138,884  982,786  (6,003)  76,129  (2,794) 
Profit for the year  –  –  113,998  –  –  – 
Other comprehensive income  –  –  –  –  16,968  2,492 
Total comprehensive income for the year  –  –  113,998  –  16,968  2,492 
Purchase of treasury stock  –  –  –  (3,053)  –  – 
Disposal of treasury stock  –  (263)  –  263  –  – 
Cash dividends  –  –  (70,800)  –  –  – 
Share-based payment transactions  –  436  –  –  –  – 
Equity transactions with non- controlling interests, etc.  –  (69,451)  –  –  –  – 
Transfer from other             
components of equity to retained earnings  –  –  16,432  –  87  – 
Transfer from other             
components of equity to non- financial assets, etc.  –  –  –  –  –  (6,549) 
Other  –  (3,147)  –  –  –  – 
Total transactions with owners  –  (72,425)  (54,368)  (2,790)  87  (6,549) 
Balance as of March 31, 2021  100,000  1,066,459  1,042,416  (8,793)  93,184  (6,851) 

 
   


(Millions of yen)

Other components of equity

Exchange differences on translation of foreign operations


Remeasurement (losses) gains on defined benefit plans


Total


Total equity attributable to owners of the parent


Non-controlling interests


Total equity

Balance as of April 1, 2019  49,776  –  152,385  2,717,840  401,976  3,119,816 
Cumulative effect of Changes in accounting policies  –                                                                                                                                                                  –  –  (2,072)  (867)  (2,939) 
Restated balance  49,776  –  152,385  2,715,768  401,109  3,116,877 
Profit (loss) for the year  –  –  –  (187,946)  15,211  (172,735) 
Other comprehensive income (loss)  (27,732)  (2,853)  (84,392)  (84,392)  (4,559)  (88,951) 
Total comprehensive income (loss) for the year  (27,732)                                                                                                                                                                  (2,853)  (84,392)  (272,338)  10,652  (261,686) 
Purchase of treasury stock  –  –  –  (54,894)  –  (54,894) 
Disposal of treasury stock  –  –  –  – 
Cancellation of treasury stock  –  –  –  –  –  – 
Cash dividends  –  –  –  (72,118)  (17,825)  (89,943) 
Share-based payment transactions  –  –  –  388  –  388 
Equity transactions with non- controlling interests, etc.  –  –  –  –  (694)  (694) 
Transfer from other components of equity to  –  2,853  28,038  –  –  – 
retained earnings             
Transfer from other components of equity to non-  –  –  (652)  (652)  (805)  (1,457) 
financial assets, etc.             
Other  –  –  –  (5,108)  4,425  (683) 
Total transactions with owners  –                                                                                                                                                                  2,853  27,386  (132,384)  (14,899)  (147,283) 
Balance as of March 31, 2020  22,044  –  95,379  2,311,046  396,862  2,707,908 
Profit (loss) for the year  –  –  –  113,998  (1,066)  112,932 
Other comprehensive income  15  16,518  35,993  35,993  13,783  49,776 
Total comprehensive income for the year  15                                                                                                                                                                  16,518  35,993  149,991  12,717  162,708 
Purchase of treasury stock  –  –  –  (3,053)  –  (3,053) 
Disposal of treasury stock  –  –  –  – 
Cash dividends  –  –  –  (70,800)  (14,618)  (85,418) 
Share-based payment transactions  –  –  –  436  –  436 
Equity transactions with non- controlling interests, etc.  16,634  –  16,634  (52,817)  36,658  (16,159) 
Transfer from other             
components of equity to  –  (16,518)  (16,431)  –  –  – 
retained earnings Transfer from other             
components of equity to non-  –  –  (6,549)  (6,549)  (6,330)  (12,879) 
financial assets, etc.             
Other  –  –  –  (3,147)  2,171  (976) 
Total transactions with owners  16,634                                                                                                                                                                  (16,518)  (6,346)  (135,929)  17,881  (118,048) 
Balance as of March 31, 2021  38,693  –  125,026  2,325,108  427,460  2,752,568 

(4)     Consolidated Statements of Cash Flows


FY2019

(From April 1, 2019

to March 31, 2020)


(Millions of yen)

FY2020

(From April 1, 2020

to March 31, 2021)

 
   


Profit (loss) before tax                                                                                                       (135,764)                                      230,891

Impairment loss                                                                                                                   113,211                                        160,038

 
   


Increase (decrease) in liabilities for retirement benefits                                                             (288)                                       (13,626)

Interest income and dividends income                                                                                  (27,998)                                       (10,754)

Share of loss (profit) of investments accounted for using

the equity method


(15,868)                                       (59,387)

 
   

(Increase) decrease in trade and other receivables                                                                353,341                                      (107,198)

Increase (decrease) in trade and other payables                                                                  (448,396)                                      206,279

 
   

Dividends received                                                                                                                66,041                                          42,998

Income taxes paid                                                                                                                 (45,135)                                       (25,192)

 
   

Net cash flows from (used in) operating activities                                                               510,734                                        679,094

Purchase of investment securities                                                                                         (39,105)                                       (37,555)

Purchases of oil and gas assets                                                                                            (56,624)                                       (30,597)

Proceeds from sales of property, plant and equipment

Purchase of intangible assets                                                                                                (29,859)                                       (21,803) 
 

(excluding oil and gas assets)

Loans to associates and others (long-term loans)                                                                   (5,107)                                         (4,057) 
 

Decrease (increase) in short-term loans to associates and others, net

Repayments of loans by associates and others (long-term loans)


18,075                                          10,598

(22,546)                                         (1,863)

9,415                                          23,296

 
   

Other                                                                                                                                    (20,366)                                       (17,566)

(Millions of yen)

  FY2019 (From April 1, 2019 to March 31, 2020)  FY2020 (From April 1, 2020 to March 31, 2021) 
Cash flows from financing activities:     
Increase (decrease) in short-term borrowings, net  94,511  93,706 
Increase (decrease) in commercial paper, net  138,000  (280,000) 
Proceeds from long-term borrowings  61,813  230,825 
Repayment of long-term borrowings  (179,409)  (220,725) 
Proceeds from issuance of bonds  1,080  36,540 
Repayments of lease liabilities  (72,661)  (77,176) 
Redemption of bonds  (20,000)  (36,720) 
Purchase of treasury stock  (54,869)  (3,026) 
Cash dividends paid  (72,118)  (70,800) 
Dividends to non-controlling interests  (17,402)  (14,150) 
Payment for acquisition of subsidiaries resulting in no change in scope of consolidation  –  (13,700) 
Other  1,247  145 
Net cash flows from (used in) financing activities  (119,808)  (355,081) 
Net (decrease) increase in cash and cash equivalents  19,580  17,222 
Cash and cash equivalents at beginning of the year  378,945  393,302 
Net foreign exchange differences of cash and cash equivalents  (5,210)  1,776 
Cash and cash equivalents included in assets held for sale  (13)  – 
Cash and cash equivalents at end of the year  393,302  412,300 

(5)     Explanatory Notes to the Consolidated Financial Statements

(Notes on the Assumption of a Going Concern)

None

(Segment Information)

  1. Outline of the Reporting Segments

The ENEOS Group’s business segments consist of those constituent units of the ENEOS Group for which separate financial information is available that are subject to periodic review for the board of directors (the chief operating decision maker) to determine the distribution of management resources and to evaluate business performance. The ENEOS Group treats “Energy,” “Oil and Natural Gas Exploration and Production (“E&P”),” and “Metals” as business segments and reporting segments.

The business activities not included in the reporting segments are collectively contained in the “Other” category. The details of the main products and services or business activities of each reporting segment and the “Other” category are as follows:

Energy  Petroleum refining & marketing, basic chemical products, electricity, lubricants, high- performance materials, gas, and renewable energy 
Oil and Natural Gas E&P  Oil and natural gas exploration, development, and production 
Metals  Copper foils, precision rolled products, precision-fabricated products, thin-film materials, development and exploration of non-ferrous metal resources, non-ferrous metal products (e.g. copper, precious metals, tantalum, and niobium), non-ferrous metal recycling and industrial waste treatment, titanium, and electric wires 
Other  Asphalt paving, civil engineering work, construction work, land transportation, real estate leasing business, and affairs common to ENEOS Group companies, including fund procurement 

2.   Information on Revenue, Profit or Loss, Assets, Liabilities, and Other Items from Each Reporting Segment FY2019 (From April 1, 2019 to March 31, 2020)

(Millions of yen)

  Energy  Oil and natural gas E&P  Metals  Total reporting segments  Other  Adjustments (Note 5)  Recorded amount on consolidated financial statements 
Revenue               
Revenue from external customers  8,414,259  133,364  1,002,104  9,549,727  462,047  –  10,011,774 
Inter-segment revenue or transfers (Note 2)  5,185  –  2,309  7,494  45,305  (52,799)  – 
Total  8,419,444  133,364  1,004,413  9,557,221  507,352  (52,799)  10,011,774 
Segment profit (loss) (Note 3)  (162,766)  (38,801)  44,631  (156,936)  41,076  2,799  (113,061) 
Finance income    12,116 
Finance costs  34,819 
Profit (loss) before tax    (135,764) 
Segment assets  5,229,113  1,064,439  1,380,055  7,673,607  2,752,049  (2,414,364)  8,011,292 
Segment liabilities  3,438,274  547,907  837,306  4,823,487  2,289,574  (1,809,677)  5,303,384 
Other items:               
Depreciation, depletion and amortization  205,726  42,381  60,838  308,945  13,028  4,576  326,549 
Share of profit (loss) of investments accounted for using the equity method  (23,928)  4,911  31,455  12,438  3,430  –  15,868 
Capital expenditures on property, plant and equipment, and intangible assets (Note 4)  249,053  86,931  73,898  409,882  18,028  (5,115)  422,795 

(Notes)    1. The accounting policy for the reporting segments is the same as the accounting policy for preparing the consolidated financial statements.

  1. Inter-reporting segment revenue or transfers are based on actual market prices.
  2. Segment profit (loss) is stated as operating profit (loss) in the consolidated statements of profit or loss.
  3. Capital expenditure includes acquisition of the right-of-use assets.
  4. The adjustments include the following:

(1)   The segment profit (loss) adjustment of 2,799 million yen includes the net amount of 4,277 million yen, which is the income and expenses of the entire Company not allocated to the reporting segments or the “Other” category.

(2)   The loss of 2,414,364 million yen in the segment assets adjustment is due primarily to eliminating intersegment receivables by offsetting.

(3)   The loss of 1,809,677 million yen in the segment liabilities adjustment is due primarily to eliminating intersegment liabilities by offsetting.

FY2020 (From April 1, 2020 to March 31, 2021)


(Millions of yen)

  Energy  Oil and natural gas E&P  Metals  Total reporting segments  Other  Adjustments (Note 5)  Recorded amount on consolidated financial statements 
Revenue               
Revenue from external customers  5,994,677  112,380  1,089,664  7,196,721  461,290  –  7,658,011 
Inter-segment revenue or transfers (Note 2)  3,777  –  2,425  6,202  42,924  (49,126)  – 
Total  5,998,454  112,380  1,092,089  7,202,923  504,214  (49,126)  7,658,011 
Segment profit (loss) (Note 3)  121,130  2,840  78,103  202,073  49,130  2,972  254,175 
Finance income    6,433 
Finance costs  29,717 
Profit (loss) before tax    230,891 
Segment assets  5,399,421  1,035,003  1,452,211  7,886,635  2,788,788  (2,616,605)  8,058,818 
Segment liabilities  3,520,206  550,485  915,570  4,986,261  2,290,189  (1,970,200)  5,306,250 
Other items:               
Depreciation, depletion and amortization  210,667  42,540  55,565  308,772  13,474  4,653  326,899 
Share of profit (loss) of investments accounted for using the equity method  2,968  9,681  44,451  57,100  2,287  –  59,387 
Capital expenditures on property, plant and equipment, and intangible assets (Note 4)  226,817  32,176  58,803  317,796  23,896  183  341,875 

(Notes)    1. The accounting policy for the reporting segments is the same as the accounting policy for preparing the consolidated financial statements.

  1. Inter-reporting segment revenue or transfers are based on actual market prices.
  2. Segment profit (loss) is stated as operating profit (loss) in the consolidated statements of profit or loss.
  3. Capital expenditure includes acquisition of the right-of-use assets.
  4. The adjustments include the following:

(1)   The segment profit (loss) adjustment of 2,972 million yen includes the net amount of 3,528 million yen, which is the income and expenses of the entire Company not allocated to the reporting segments or the “Other” category.

(2)   The loss of 2,616,605 million yen in the segment assets adjustment is due primarily to eliminating intersegment receivables by offsetting.

(3)   The loss of 1,970,200 million yen in the segment liabilities adjustment is due primarily to eliminating intersegment liabilities by offsetting.

(Per Share Information)

  FY2019 From April 1, 2019 to March 31, 2020  FY2020 From April 1, 2020 to March 31, 2021 
Profit (loss) for the year attributable to owners of the parent (millions of yen)  (187,946)  113,998 
Average number of shares of common stock during the fiscal year (thousand shares)  3,248,100  3,213,275 
Increase due to share-based payments (thousand shares) (Note 2)  –  5,608 
Average number of diluted shares of common stock during the fiscal year (thousand shares)  3,248,100  3,218,883 
Basic profit (loss) per share (yen)  (57.86)  35.48 
Diluted profit (loss) per share (yen) (Note 2)  (57.86)  35.42 

(Note)      1. The Company shares held by the Board Incentive Plan Trust are recognized as treasury stock, and thus the pertinent number of shares is excluded from the average number of shares of common stock during the fiscal year in calculating basic profit (loss) per share.

2. For the year ended March 31, 2020 (FY2019), the equivalent of 1,102 thousand shares of the Company shares held by the Board Incentive Plan Trust was excluded from the calculation of diluted loss per share due to anti-dilutive effects.

Source: EvaluateEnergy® ©2022 EvaluateEnergy Ltd