# Japan’s Eneos ups FY26 net profit forecast 48% on stronger oil prices

- URL: https://talkfuse.com/story/japans-eneos-ups-fy26-net-profit-forecast-48-on-stronger-oil-prices/
- Published: 2026-11-11T06:09:50+00:00
- Updated: 2026-11-11T06:37:18+00:00
- Original publisher: CNA (publisher lean: Centre)
- Original article: https://www.channelnewsasia.com/business/japans-eneos-ups-fy26-net-profit-forecast-48-stronger-oil-prices-6542066
- Topics: Asia, World

## Key points

- Eneos lifted its FY2026 net profit forecast by 48 per cent.
- It now expects earnings of 615 billion yen.
- A renewable energy impairment was partly offset by stronger oil prices.

## Summary

Eneos Holdings, Japan’s largest oil refiner, raised its net profit forecast for the financial year ending March 2027 by 48 per cent, citing stronger oil and overseas fuel prices. The upgrade suggests higher energy prices are lifting earnings despite a substantial loss recorded against renewable energy assets.

The company now expects net profit of 615 billion yen (US$3.87 billion), up from its May forecast of 415 billion yen. It booked a 111.8 billion yen impairment in the July to September quarter, mainly linked to goodwill from its 2022 acquisition of Japan Renewable Energy. For the April to September half-year, net profit rose nearly eightfold year on year to 511.9 billion yen.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.