Cosmo Energy keeps FY2026 ordinary profit forecast at JPY 115 billion
Reuters2026/08/06 06:37- Cosmo Energy kept its full-year forecast unchanged, citing a Q1 profit lift from a positive time-lag effect and strong overseas product prices.
- Q1 ordinary profit totaled JPY 133 billion; ordinary profit excluding inventory valuation reached JPY 122.1 billion.
- Profit attributable to owners of parent was JPY 84 billion; excluding inventory valuation it was JPY 76.3 billion.
- Guidance assumptions showed Dubai crude at $89 per barrel; JPY/USD at 155, versus Q1 averages of $96, 160.
- Outlook flagged a negative time-lag effect from Q2 as higher-cost crude arrives following Middle East tensions.
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