TOA Oil Co., Ltd. announced financial results for the quarter ended March 2019. For the quarter, the company reported net sales of JPY 6,898 million against JPY 7,614 million a year ago. Operating profit was JPY 710 million against JPY 801 million a year ago. Profit attributable to owners of parent was JPY 687 million against JPY 595 million a year ago. Basic earnings per share were JPY 55.27 against JPY 47.88 a year ago.

The company also provided financial guidance for the quarter ending March 2020. The company expected 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 and Basic earnings per share of JPY 138.26.