ENEOS Holdings Inc Reports First Quarter Loss

ENEOS Holdings Inc, a Japanese refining and marketing company, has reported a loss in its first quarter. Key financial highlights include:

• Revenue declined to 2.87 trillion yen, down from 2.996 trillion yen in the prior year.
• The company’s loss attributable to owners of the parent was 14.516 billion yen, compared to a profit of 81.641 billion yen last year.

Despite the reported loss, ENEOS Holdings is expected to post a profit in the fiscal year 2025. The company’s prospects are also boosted by the growing demand for lubricants, driven by industrialization and innovations in lubricant formulations.

Key drivers of the expected profit include:

• Expected increase in operating profit
• Expected increase in revenues

The global lubricant market is estimated to reach USD 208.26 billion by 2032, driven by industrialization and innovations in lubricant formulations. This growth is expected to contribute to ENEOS Holdings’ future profitability.