Q2 2023 ENEOS Holdings Inc Earnings Presentation Transcript

Nov 10, 2022 / NTS GMT
Presentation
Nov 10, 2022 / NTS GMT

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Corporate Participants
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* Takeshi Saito
ENEOS Holdings, Inc. - President, CEO & Representative Director
* Tanaka Soichiro
ENEOS Holdings, Inc. - SVP & Managing Executive Officer

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Takeshi Saito - ENEOS Holdings, Inc. - President, CEO & Representative Director

Hello, everyone. I'm Saito, President of the ENEOS Holdings. I'd like to take this opportunity to thank our shareholders and investors for your continued support and advice for the business activities of the ENEOS Group. I will now explain the financial results for the first half of fiscal year 2022 following the presentation materials.

Please turn to Page 3 for the highlights of financial results for the first half. Inventory valuation increased JPY 109 billion year-on-year to JPY 278.2 billion due to a rise in oil prices and the sharp depreciation of the yen. As a result, both operating income and net income grew year-on-year.

For operating income,

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