Investor Relations
Financial Information: Consolidated Statement of Income
↓This table is scrollable horizontally.
| Apr.'13 - Mar.'14 | Apr.'14 - Mar.'15 | Apr.'15 - Mar.'16 | Apr.'16 - Mar.'17 | Apr.'17 - Mar.'18 | |
| I Net sales | 1,334,625 | 1,171,226 | 1,009,564 | 874,423 | 933,701 |
| II Cost of sales | 490,416 | 525,443 | 526,757 | 453,846 | 498,039 |
| Gross profit | 844,209 | 645,782 | 482,806 | 420,576 | 435,662 |
| III Exploration expenses | 28,205 | 23,238 | 6,166 | 6,734 | 1,327 |
| IV Selling, general and administrative expenses | 82,392 | 87,657 | 86,500 | 77,389 | 76,971 |
| Operating income | 733,610 | 534,886 | 390,139 | 336,452 | 357,363 |
| V Other income | |||||
| 1. Interest income | 17,462 | 11,226 | 10,751 | 10,460 | 6,477 |
| 2. Dividend income | 9,227 | 6,669 | 10,825 | 2,802 | 4,778 |
| 3. Gain on sales of marketable securities | 10,335 | 18,146 | 25,986 | — | — |
| 4. Gain on sales of investment securities | — | — | — | 4,999 | — |
| 5. Equity in earnings of affiliates | — | — | — | 2,175 | 4,192 |
| 6. Gain on transfer of mining rights | — | 27,520 | — | — | — |
| 7. Foreign exchange gain | — | 19,562 | 2,964 | — | — |
| 8. Gain on reversal of allowance for recoverable accounts under production sharing | — | — | — | — | 17,528 |
| 9. Compensation income | — | — | — | — | 12,625 |
| 10. Other | 13,709 | 18,639 | 19,406 | 18,652 | 9,664 |
| Total other income | 50,734 | 101,763 | 69,934 | 39,090 | 55,266 |
| VI Other expenses | |||||
| 1. Interest expense | 2,335 | 2,946 | 4,198 | 5,228 | 7,075 |
| 2. Equity in losses of affiliates | 5,053 | 13,443 | 20,696 | — | — |
| 3. Provision of allowance for doubtful accounts | — | — | — | 8,308 | — |
| 4. Provision for allowance for recoverable accounts under production sharing | 8,028 | 19,449 | 25,026 | 14,374 | — |
| 5. Provision for exploration projects | 1,165 | 835 | 335 | — | — |
| 6. Provision for loss on business | — | — | — | — | 3,264 |
| 7. Foreign exchange loss | 4,279 | — | — | 3,759 | 10,472 |
| 8. Loss on disposal of fixed assets | — | 6,258 | 13,288 | 4,786 | — |
| 9. Other | 13,404 | 18,561 | 21,756 | 5,193 | 4,547 |
| Total other expenses | 34,266 | 61,494 | 85,301 | 41,651 | 25,360 |
| Ordinary income | 750,077 | 575,155 | 374,771 | 333,891 | 387,269 |
| VII Extraordinary loss | |||||
| 1. Impairment loss | — | 35,132 | 45,884 | 6,366 | 79,970 |
| Total extraordinary loss | — | 35,132 | 45,884 | 6,366 | 79,970 |
| Income before income taxes | 750,077 | 540,022 | 328,887 | 327,525 | 307,299 |
| Income taxes–current | 514,015 | 448,658 | 356,585 | 304,620 | 308,351 |
| Income taxes–deferred | 49,121 | 15,767 | (2,192) | (33,227) | 1,048 |
| Net income (loss) | 186,941 | 75,597 | (25,505) | 56,131 | (2,100) |
| Net income (loss) attributable to non-controlling interests | 3,250 | (2,222) | (42,282) | 9,963 | (42,462) |
| Net income attributable to owners of parent | 183,690 | 77,820 | 16,777 | 46,168 | 40,362 |
Consolidated net sales for the year ended March 31, 2018 increased by ¥59.2 billion, or 6.8%, to ¥933.7 billion from the previous fiscal year. The increase of ¥59.2 billion in net sales was mainly derived from the following factors: regarding net sales of crude oil and natural gas, a decrease in sales volume contributing ¥88.7 billion to the decrease, an increase in unit sales price pushing sales up of ¥127.9 billion, the depreciation of the Japanese yen against the U.S. dollar pushing sales up of ¥19.3 billion, and an increase in net sales excluding crude oil and natural gas of ¥0.6 billion. Cost of sales for the year ended March 31, 2018 increased by ¥44.1 billion, or 9.7%, to ¥498.0 billion mainly due to an increase in royalty and others. Exploration expenses decreased by ¥5.4 billion, or 80.3%, to ¥1.3 billion. Selling, general and administrative expenses decreased by ¥0.4 billion, or 0.5%, to ¥76.9 billion. As a result, operating income increased by ¥20.9 billion, or 6.2%, to ¥357.3 billion.
Other income (expenses) improved by ¥32.4 billion, due mainly to posting gain on reversal of allowance for recoverable accounts under production sharing, meanwhile, posting provision for allowance for recoverable accounts under production sharing for the previous fiscal year. As a result, ordinary income increased by ¥53.3 billion, or 16.0%, to ¥387.2 billion.
Extraordinary loss was ¥79.9 billion as a result of posting impairment loss for certain projects due to a drop in future outlook of natural gas prices in Americas.
Total amount of current income taxes and deferred income taxes increased by ¥38.0 billion, or 14.0%, to ¥309.3 billion, and net loss attributable to non-controlling interests was ¥42.4 billion. As a result of the above effects, net income attributable to owners of parent for the year ended March 31, 2018 decreased by ¥5.8 billion, or 12.6%, to ¥40.3 billion.
↓This table is scrollable horizontally.
| Apr.'17 - Dec.'17 | Apr.'17 - Mar.'18 | Apr.'18 - Jun.'18 | Apr.'18 - Sep.'18 | Apr.'18 - Dec.'18 | |
| I Net sales | 703,667 | 933,701 | 202,351 | 438,205 | 700,544 |
| II Cost of sales | 354,655 | 498,039 | 80,107 | 176,036 | 291,045 |
| Gross profit | 349,012 | 435,662 | 122,244 | 262,168 | 409,498 |
| III Exploration expenses | 1,746 | 1,327 | 175 | 1,007 | 3,490 |
| IV Selling, general and administrative expenses | 59,366 | 76,971 | 18,111 | 34,726 | 53,354 |
| Operating income | 287,899 | 357,363 | 103,956 | 226,434 | 352,653 |
| V Other income | |||||
| 1. Interest income | 5,851 | 6,477 | 1,559 | 4,128 | 6,748 |
| 2. Dividend income | 2,765 | 4,778 | 1,082 | 1,402 | 2,259 |
| 3. Equity in earnings of affiliates | 2,646 | 4,192 | 4,822 | 10,565 | 17,669 |
| 4. Gain on reversal of allowance for recoverable accounts under production sharing | 11,243 | 17,528 | — | — | — |
| 5. Foreign exchange gain | 757 | — | 1,492 | 5,298 | 3,245 |
| 6. Compensation income | — | 12,625 | 7,375 | 7,453 | — |
| 7. Other | 7,570 | 9,664 | 3,554 | 4,757 | 15,699 |
| Total other income | 30,834 | 55,266 | 19,886 | 33,607 | 45,623 |
| VI Other expenses | |||||
| 1. Interest expense | 5,080 | 7,075 | 2,088 | 4,794 | 10,468 |
| 2. Provision of allowance for doubtful accounts | — | — | 2,653 | — | — |
| 3. Provision for allowance for recoverable accounts under production sharing | — | — | 545 | 1,690 | 3,209 |
| 4. Provision for loss on business | — | 3,264 | — | — | — |
| 5. Foreign exchange loss | — | 10,472 | — | — | — |
| 6. Other | 5,354 | 4,547 | 2,332 | 6,579 | 6,544 |
| Total other expenses | 10,435 | 25,360 | 7,620 | 13,065 | 20,222 |
| Ordinary income | 308,299 | 387,269 | 116,222 | 246,977 | 378,053 |
| VII Extraordinary loss | |||||
| 1. Impairment loss | — | 79,970 | — | — | — |
| Total extraordinary loss | — | 79,970 | — | — | — |
| Income before income taxes | 308,299 | 307,299 | 116,222 | 246,977 | 378,053 |
| Income taxes–current | 247,077 | 308,351 | 90,244 | 200,722 | 305,189 |
| Income taxes–deferred | 1,700 | 1,048 | 4,997 | 5,210 | 1,198 |
| Net income (loss) | 59,520 | (2,100) | 20,981 | 41,044 | 71,665 |
| Net income (loss) attributable to non-controlling interests | 6,111 | (42,462) | 4,169 | 7,010 | 9,065 |
| Net income attributable to owners of parent | 53,409 | 40,362 | 16,812 | 34,034 | 62,600 |
