TOA Oil Co., Ltd. announced earnings results for the nine months ended September 30, 2017. For the period, the company reported net sales were JPY 21,523 million against JPY 22,450 million a year ago. Operating income was JPY 2,823 million against JPY 3,505 million a year ago. Ordinary income was JPY 2,801 million against JPY 3,468 million a year ago. Profit attributable to owners of parent was JPY 2,197 million against JPY 2,252 million a year ago. Basic earnings per share were JPY 17.66 against JPY 18.1 a year ago.

The company provided earnings guidance for the full year ending December 2017. The company expects net sales of JPY 30,500 million, operating income of JPY 3,630 million, ordinary income of JPY 3,550 million, profit attributable to owners of parent of JPY 2,280 million and basic earnings per share of JPY 18.33.

The company provided dividend guidance for the year ending December 2017. For the year end, the company expects to pay year end dividend of JPY 4 per share compared to JPY 4 a year ago.