TOA Oil Co., Ltd. reported earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of JPY 13,561 million against JPY 14,591 million a year ago. Operating profit was JPY 1,377 million against JPY 1,661 million a year ago. Profit attributable to owners of parent was JPY 1,177 million or JPY 94.65 per basic share against JPY 1,208 million or JPY 97.15 per basic share a year ago.

For the year ending March 2020, the company expects net sales of JPY 36,100 million, operating profit of JPY 2,330 million, profit attributable to owners of parent of JPY 1,720 million or JPY 138.26 per basic share.