Summary of Consolidated Financial Results for the Nine Months Ended December 31, 2023 [Based on Japanese GAAP] ( 142KB )

During the nine months ended December 31, 2023, in the energy industry that surrounds our group, the demand for aviation fuel and other fuels was strong due to an increase in leisure demand and inbound visitors. However, there are concerns about a decline in household consumption due to a rise in prices.
Under these circumstances, SAN-AI OBBLI Group promoted human resource development and new businesses development in order to build a business portfolio that responds to a low-carbon, recycling-oriented society based on our medium-term management plan, “Challenge for the Transforming Future 2030,” which is our vision for Fiscal Year 2030.

During the nine months ended December 31,2023, net sales increased by 1.5% year-on-year to 485,683 million yen. Operating profit increased 26.8% year-on-year to 12,790 million yen due to strong performance in the Aviation-related business. Ordinary profit increased 25.3% year-on-year to 13,543 million yen. Profit attributable to owners of parent increased 12.9% year-on-year to 8,374 million yen.

The collision between Japan Airlines Flight 516 and the Maritime Safety Agency aircraft on January 2, 2024 resulted in a large number of flights being cancelled. As a result, the volume of fuel handled from the same day to January 7 decreased by about 20% from the volume originally assumed.
It has been in normal operation since January 10, and the impact on operating results is immaterial.

Results by business segment are as follows.

In the Petroleum-related business, net sales increased by 1.7% year-on-year to 418,499 million yen. Segment profit increased by 3.0% year-on-year to 7,109 million yen.

In the Chemical Products-related business, net sales decreased by 0.4% year-on-year to 9,200 million yen. Segment profit decreased by 19.3% year-on-year to 738 million yen, mainly due to an increase in selling, general and administrative expense.

In the Gas-related business, net sales decreased by 8.6% year-on-year to 39,368 million yen due to a decline in sales prices. Segment profit decreased by 47.4% year-on-year to 510 million yen due to a decline in profits caused by inventory valuations in the wholesale division and an increase in selling, general and administrative expenses.

In the Aviation-related business, net sales increased by 49.4% year-on-year to 14,492 million yen due to the strong volume of fuel handled at Haneda Airport on international airline and an increase in the unit price of fuel handling fees. Segment profit was 6,666 million yen (compared to segment profit of 2,360 million yen in the same period in the previous fiscal year).

In the Other businesses, net sales decreased by 13.9% year-on-year to 4,123 million yen due to sluggish sales in the cleaning and surface treatment industries for metal products and other products. Segment profit decreased 41.0% year-on-year to 573 million yen.