Profitability Indices

Net sales

(Millions of yen)

Millions of yen

Years ended March 31 Net sales Crude oil Natural gas Other
2015 1,171,226 730,422 421,859 18,944
2016 1,009,564 679,241 316,761 13,561
2017 874,423 617,194 242,575 14,653
2018 933,701 710,277 208,102 15,322
2019 971,388 782,695 170,710 17,983

Cost of sales

(Millions of yen)

Millions of yen

Years ended March 31 Cost of sales
2015 525,443
2016 526,757
2017 453,846
2018 498,039
2019 413,300

Gross profit, Gross margin

(Millions of yen)
(%)

Millions of yen

Years ended March 31 Gross profit Gross margin
2015 645,782 55.1%
2016 482,806 47.8%
2017 420,576 48.1%
2018 435,662 46.7%
2019 558,088 57.5%

Operating income, Operating margin

(Millions of yen)
(%)
Years ended March 31 Operating income
(Millions of yen)
Operating margin
2015 534,886 45.7%
2016 390,139 38.6%
2017 336,452 38.5%
2018 357,363 38.3%
2019 474,281 48.8%

Net income attributable to owners of parent, Net margin

(Millions of yen)
(%)
Years ended March 31 Net income attributable to owners of parent
(Millions of yen)
Net margin
2015 77,820 6.6%
2016 16,777 1.7%
2017 46,168 5.3%
2018 40,362 4.3%
2019 96,106 9.9%

EBIDAX (Earnings before interest, depreciation and amortization, and exploration)

(Millions of yen)

Millions of yen

Years ended March 31 EBIDAX (Earnings before interest, depreciation and amortization, and exploration)
2015 303,144
2016 217,896
2017 229,299
2018 227,225
2019 285,423
  • EBIDAX = Net income (including non-controlling interests) + Deferred tax + (1 - Tax rate) x (Interest expense - Interest income) + Foreign exchange gain and loss + Depreciation and amortization + Amortization of goodwill + Recovery of recoverable accounts under production sharing (capital expenditures) + Exploration expenses + Provision for exploration projects + Provision for allowance for recoverable accounts under production sharing - Gain on reversal of allowance for recoverable accounts under production sharing + Impairment loss
  • Gross margin = Gross profit / Net sales
  • Operating margin = Operating income / Net sales
  • Net margin = Net income attributable to owners of parent / Net sales