TOA Oil Co., Ltd. provided consolidated earnings forecast for the first half and full year of fiscal year ending March 31, 2023. For the first half, the company expected net sales to be JPY 13,900 million, Operating profit to be JPY 800 million, Profit attributable to owners of parent to be JPY 500 million and basic earnings per share to be JPY 40.20.

For the full year, the company expected net sales to be JPY 29,400 million, Operating profit to be JPY 800 million, Profit attributable to owners of parent to be JPY 500 million and basic earnings per share to be JPY 40.20.