COSMO ENERGY HOLDINGS KK

5021

Equity

ISIN JP3298000005 / Valor 28234389

Tokyo Stock Exchange (2024-12-25)

JPY 6,835.00+1.17%

COSMO ENERGY HOLDINGS KK
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About company

COSMO ENERGY HOLDINGS KK is a Japanese company primarily engaged in the energy sector, with a focus on the exploration, production, refining, and marketing of petroleum and petrochemical products. The company operates a comprehensive supply chain that includes upstream activities such as oil exploration and production, midstream operations involving transportation and storage, and downstream processes like refining and distribution of petroleum products. Additionally, COSMO ENERGY is involved in renewable energy initiatives, including wind power generation, reflecting its commitment to diversifying its energy portfolio. The company aims to balance its traditional energy operations with sustainable practices to meet evolving market demands and regulatory requirements.

Summarized from source with an LLMView SourceSector: Energy

Consolidated Ordinary Profit

In the first quarter of FY2024, COSMO ENERGY HOLDINGS KK reported a consolidated ordinary profit of ¥53.1 billion, which represents a significant increase of ¥43.1 billion year on year. This figure includes the impact of inventory valuation, which contributed an additional ¥8.7 billion to the profit.

Petroleum Business Performance

The petroleum business segment of COSMO ENERGY HOLDINGS KK saw an ordinary profit of ¥24.9 billion in 1Q FY2024, excluding the impact of inventory valuation. This marks an increase of ¥12.3 billion year on year, driven by improved margins despite rising expenses.

Oil Exploration and Production

For the oil exploration and production (E&P) business, COSMO ENERGY HOLDINGS KK achieved an ordinary profit of ¥16.6 billion in the first quarter of FY2024. This is an increase of ¥2.8 billion year on year, primarily due to the depreciation of the yen.

Renewable Energy Business

The renewable energy business segment of COSMO ENERGY HOLDINGS KK reported an ordinary profit of ¥-0.0 billion in 1Q FY2024, reflecting a decrease of ¥0.5 billion year on year. The decline was attributed to deteriorated wind conditions affecting performance.

Profit Attributable to Owners

In the first quarter of FY2024, COSMO ENERGY HOLDINGS KK recorded a profit attributable to owners of the parent company of ¥18.6 billion, excluding the impact of inventory valuation. This represents an increase of ¥5.2 billion compared to the same period in the previous year.

Summarized from source with an LLMView Source

Key figures

22.6%1Y

201%3Y

172%5Y

Performance

34.2%1Y

36.2%3Y

37.1%5Y

Volatility