TOA Oil Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended December 2017. On consolidated basis, for the year, the company reported operating income of ¥3,185 million, ordinary income of ¥3,147 million, profit attributable to owners of parent of ¥2,472 million or ¥19.88 per basic share on net sales of ¥29,979 million against operating income of ¥3,438 million, ordinary income of ¥3,318 million, profit attributable to owners of parent of ¥2,315 million or ¥18.61 per basic share on net sales of ¥30,557 million reported for the same period a year ago. Rate of return on equity is 9.6% against 9.7% reported a year ago. Cash flows from operating activities was ¥6,828 million against ¥6,738 million a year ago.

On non-consolidated basis, for the year, the company reported operating income of ¥2,536 million, ordinary income of ¥2,847 million, profit of ¥2,529 million or ¥20.30 per basic share on net sales of ¥27,309 million against operating income of ¥2,825 million, ordinary income of ¥3,100 million, profit of ¥2,414 million or ¥19.41 per basic share on net sales of ¥27,874 million reported for the same period a year ago.

The company provided earnings guidance for the six months ending June 2018 and year ending December 2018. For the six months ending June 2018, the company expects operating income of ¥1,670 million, ordinary income of ¥1,610 million, profit attributable to owners of parent of ¥1,050 million or ¥8.44 per basic share on net sales of ¥15,300 million.

For the year ending December 2018, the company expects operating income of ¥3,890 million, ordinary income of ¥3,780 million, profit attributable to owners of parent of ¥2,290 million or ¥18.41 per basic share on net sales of ¥33,100 million.