TOKYO, May 14 (Pulse News Wire) – Eneos Holdings,inc. (5020.T) revised its fiscal year 2026 forecast due to unexpected oil price increases.
Originally, the company anticipated crude oil prices to average $65 per barrel from October 2025 onwards, leading to estimated inventory valuation losses. However, tensions in the Middle East caused a sharp rise in oil prices in March, resulting in higher-than-projected revenues and operating profit. For the fiscal year ending March 31, 2026, ENEOS reported revenues of ¥466.6 billion, up from the previous estimate of ¥290 billion.
Operating profit reached ¥466.6 billion compared to the earlier projection of ¥275 billion. As a result, earnings per share increased to ¥141.99 from the previously forecasted ¥191.9. The significant upward revision reflects improved performance across key metrics, with tax income before interest also surpassing expectations.
ENEOS attributes the positive shift primarily to unforeseen geopolitical factors impacting global energy markets.
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