Reported Earnings • Aug 07
First quarter 2027 earnings released: EPS: JP¥529 (vs JP¥12.33 loss in 1Q 2026) First quarter 2027 results: EPS: JP¥529 (up from JP¥12.33 loss in 1Q 2026). Revenue: JP¥761.6b (up 17% from 1Q 2026). Net income: JP¥84.0b (up JP¥86.0b from 1Q 2026). Profit margin: 11% (up from net loss in 1Q 2026). The move to profitability was driven by higher revenue. Revenue is expected to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.3%. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 26
Final dividend of JP¥75.00 announced Shareholders will receive a dividend of JP¥75.00. Ex-date: 29th September 2026 Payment date: 14th December 2026 Dividend yield will be 353%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Jul 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Senior Executive Officer & Director Tadashi Okada was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 27
Cosmo Energy Holdings Co., Ltd. to Report Q1, 2027 Results on Aug 06, 2026 Cosmo Energy Holdings Co., Ltd. announced that they will report Q1, 2027 results on Aug 06, 2026 Announcement • May 12
Cosmo Energy Holdings Co., Ltd., Annual General Meeting, Jun 25, 2026 Cosmo Energy Holdings Co., Ltd., Annual General Meeting, Jun 25, 2026. Announcement • May 09
Cosmo Energy Holdings Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026 Cosmo Energy Holdings Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026 Announcement • Feb 06
Cosmo Energy Holdings Co., Ltd. (TSE:5021) announces an Equity Buyback for 6,250,000 shares, representing 3.79% for ¥25,000 million. Cosmo Energy Holdings Co., Ltd. (TSE:5021) announces a share repurchase program. Under the program, the company will repurchase 6,250,000 shares, representing 3.79% of the outstanding shares for ¥25,000 million. The purpose of the program is to return profits to shareholders effectively and achieve a total payout ratio of 60% or more over a three-year cumulative period as outlined in the Medium-Term Management Plan. The share repurchase program is a strategic measure to align with the company's commitment to enhancing shareholder value. The program will run until March 31, 2026. As of December 31, 2025, the company had 165,041,722 shares in issue (excluding treasury stock) and 923,167 shares in treasury. Announcement • Dec 13
Cosmo Energy Holdings Co., Ltd. to Report Q3, 2026 Results on Feb 10, 2026 Cosmo Energy Holdings Co., Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026 Announcement • Sep 05
Cosmo Energy Holdings Co., Ltd. to Report Q2, 2026 Results on Nov 11, 2025 Cosmo Energy Holdings Co., Ltd. announced that they will report Q2, 2026 results on Nov 11, 2025 Announcement • Jun 27
Cosmo Energy Holdings Co., Ltd. to Report Q1, 2026 Results on Aug 07, 2025 Cosmo Energy Holdings Co., Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025 Announcement • May 13
Cosmo Energy Holdings Co., Ltd., Annual General Meeting, Jun 26, 2025 Cosmo Energy Holdings Co., Ltd., Annual General Meeting, Jun 26, 2025. Announcement • Apr 17
Cosmo Energy Holdings Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Cosmo Energy Holdings Co., Ltd. announced that they will report fiscal year 2025 results at 12:00 PM, Tokyo Standard Time on May 13, 2025 Announcement • Feb 06
Cosmo Energy Holdings Co., Ltd. (TSE:5021) announces an Equity Buyback for 3,000,000 shares, representing 3.4% for ¥18,000 million. Cosmo Energy Holdings Co., Ltd. (TSE:5021) announces a share repurchase program. Under the program, the company will repurchase 3,000,000 shares, representing 3.52% of the outstanding shares for ¥18,000 million. The purpose of the program is to improve capital efficiency and enhance shareholder returns. The program will run until June 30, 2025. As of December 31, 2024, the company had 88,353,761 shares in issue (excluding treasury stock) and 3,033,823 shares in treasury. Reported Earnings • Nov 14
Second quarter 2025 earnings released: JP¥46.87 loss per share (vs JP¥495 profit in 2Q 2024) Second quarter 2025 results: JP¥46.87 loss per share (down from JP¥495 profit in 2Q 2024). Revenue: JP¥666.0b (down 4.8% from 2Q 2024). Net loss: JP¥4.06b (down 109% from profit in 2Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥150 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 16 December 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.7%). Reported Earnings • Aug 12
First quarter 2025 earnings released: EPS: JP¥282 (vs JP¥83.05 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥282 (up from JP¥83.05 loss in 1Q 2024). Revenue: JP¥655.1b (up 7.6% from 1Q 2024). Net income: JP¥24.7b (up JP¥31.9b from 1Q 2024). Profit margin: 3.8% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 38% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 30
Now 21% undervalued Over the last 90 days, the stock has risen 5.5% to €46.20. The fair value is estimated to be €58.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has declined by 36%. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings are also forecast to grow by 2.8% per annum over the same time period. Declared Dividend • Jul 11
Final dividend of JP¥150 announced Shareholders will receive a dividend of JP¥150. Ex-date: 27th September 2024 Payment date: 16th December 2024 Dividend yield will be 337%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jul 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.7% to €45.40. The fair value is estimated to be €57.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has declined by 36%. For the next 3 years, revenue is forecast to grow by 0.8% per annum. Earnings are also forecast to grow by 2.5% per annum over the same time period. Buy Or Sell Opportunity • Jul 02
Now 18% undervalued Over the last 90 days, the stock has risen 4.0% to €46.80. The fair value is estimated to be €56.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has declined by 36%. For the next 3 years, revenue is forecast to grow by 0.8% per annum. Earnings are also forecast to grow by 2.5% per annum over the same time period. Board Change • Jul 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Toshihiro Kuriyama was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Jun 27
Now 20% undervalued Over the last 90 days, the stock has risen 2.2% to €46.00. The fair value is estimated to be €57.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has declined by 36%. For the next 3 years, revenue is forecast to grow by 0.8% per annum. Earnings are also forecast to grow by 1.9% per annum over the same time period. Announcement • Jun 26
Cosmo Energy Holdings Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Cosmo Energy Holdings Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • Jun 25
Full year 2024 earnings released: EPS: JP¥938 (vs JP¥811 in FY 2023) Full year 2024 results: EPS: JP¥938 (up from JP¥811 in FY 2023). Revenue: JP¥2.73t (down 2.2% from FY 2023). Net income: JP¥82.1b (up 21% from FY 2023). Profit margin: 3.0% (up from 2.4% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.2% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Reported Earnings • May 11
Full year 2024 earnings released: EPS: JP¥938 (vs JP¥811 in FY 2023) Full year 2024 results: EPS: JP¥938 (up from JP¥811 in FY 2023). Revenue: JP¥2.73t (down 2.2% from FY 2023). Net income: JP¥82.1b (up 21% from FY 2023). Profit margin: 3.0% (up from 2.4% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Announcement • May 11
Cosmo Energy Holdings Co., Ltd., Annual General Meeting, Jun 20, 2024 Cosmo Energy Holdings Co., Ltd., Annual General Meeting, Jun 20, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥150 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (3.4%). Announcement • Mar 09
Cosmo Energy Holdings Co., Ltd. to Report Fiscal Year 2024 Results on May 09, 2024 Cosmo Energy Holdings Co., Ltd. announced that they will report fiscal year 2024 results on May 09, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥111 (vs JP¥385 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥111 (up from JP¥385 loss in 3Q 2023). Revenue: JP¥704.7b (down 2.7% from 3Q 2023). Net income: JP¥9.76b (up JP¥42.5b from 3Q 2023). Profit margin: 1.4% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • Feb 08
Cosmo Energy Holdings Co., Ltd. Announces Change of Representative Director, Effective April 1, 2024 Cosmo Energy Holdings Co., Ltd. announced that its Board of Directors approved the following change in Representative Director at its meeting held February 8, 2024. Name and Title of Retiring Representative Director (planned): Name: Takayuki Uematsu, Current title: Representative Director, Senior Managing Executive Officer, New title: Director. Reason for Change: Due to change in officer structure. Date of change (resignation): April 1, 2024. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥495 (vs JP¥216 in 2Q 2023) Second quarter 2024 results: EPS: JP¥495 (up from JP¥216 in 2Q 2023). Revenue: JP¥699.9b (down 1.3% from 2Q 2023). Net income: JP¥43.3b (up 150% from 2Q 2023). Profit margin: 6.2% (up from 2.4% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.4% growth forecast for the Oil and Gas industry in Germany. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥125 per share at 4.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 14 December 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.4%). New Risk • Aug 13
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 5.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.3% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). Reported Earnings • Aug 13
First quarter 2024 earnings released: JP¥83.05 loss per share (vs JP¥938 profit in 1Q 2023) First quarter 2024 results: JP¥83.05 loss per share (down from JP¥938 profit in 1Q 2023). Revenue: JP¥608.6b (down 8.1% from 1Q 2023). Net loss: JP¥7.25b (down 109% from profit in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 1.6% growth forecast for the Oil and Gas industry in Germany. Reported Earnings • Jun 28
Full year 2023 earnings released: EPS: JP¥811 (vs JP¥1,659 in FY 2022) Full year 2023 results: EPS: JP¥811 (down from JP¥1,659 in FY 2022). Revenue: JP¥2.79t (up 14% from FY 2022). Net income: JP¥67.9b (down 51% from FY 2022). Profit margin: 2.4% (down from 5.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.0%. Reported Earnings • May 15
Full year 2023 earnings released: EPS: JP¥811 (vs JP¥1,659 in FY 2022) Full year 2023 results: EPS: JP¥811 (down from JP¥1,659 in FY 2022). Revenue: JP¥2.79t (up 14% from FY 2022). Net income: JP¥67.9b (down 51% from FY 2022). Profit margin: 2.4% (down from 5.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.2%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥75.00 per share at 3.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: JP¥385 loss per share (vs JP¥333 profit in 3Q 2022) Third quarter 2023 results: JP¥385 loss per share (down from JP¥333 profit in 3Q 2022). Revenue: JP¥724.5b (up 11% from 3Q 2022). Net loss: JP¥32.8b (down 217% from profit in 3Q 2022). Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 8.1%. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Takuya Kurita was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥938 (vs JP¥334 in 1Q 2022) First quarter 2023 results: EPS: JP¥938 (up from JP¥334 in 1Q 2022). Revenue: JP¥662.4b (up 25% from 1Q 2022). Net income: JP¥77.6b (up 178% from 1Q 2022). Profit margin: 12% (up from 5.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 16%, compared to a 43% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improved over the past week After last week's 18% share price gain to €28.80, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 58% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €50.00 per share. Reported Earnings • May 15
Full year 2022 earnings released: EPS: JP¥1,659 (vs JP¥1,026 in FY 2021) Full year 2022 results: EPS: JP¥1,659 (up from JP¥1,026 in FY 2021). Revenue: JP¥2.44t (up 9.3% from FY 2021). Net income: JP¥138.9b (up 62% from FY 2021). Profit margin: 5.7% (up from 3.8% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 17%, compared to a 52% growth forecast for the oil industry in Germany. Announcement • May 14
Cosmo Energy Holdings Co., Ltd., Annual General Meeting, Jun 23, 2022 Cosmo Energy Holdings Co., Ltd., Annual General Meeting, Jun 23, 2022. Announcement • May 13
Cosmo Energy Holdings Co., Ltd. (TSE:5021) announces an Equity Buyback for 8,000,000 shares, representing 9.44% for ¥20,000 million. Cosmo Energy Holdings Co., Ltd. (TSE:5021) announces a share repurchase program. Under the program, the company will repurchase 8,000,000 shares, representing 9.44% of the outstanding shares for ¥2,000 million. The purpose of the program is to to improve capital efficiency and enhance shareholder returns. The program will run until November 30, 2022. As of March 31, 2022, the company had 84,770,508 shares in issue (excluding treasury stock) and 1,008,526 shares in treasury. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Keiichi Asai was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 4.5% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of German dividend payers (3.6%). Lower than average of industry peers (4.6%). Reported Earnings • Feb 11
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥333 (up from JP¥208 in 3Q 2021). Revenue: JP¥653.0b (up 8.6% from 3Q 2021). Net income: JP¥27.9b (up 60% from 3Q 2021). Profit margin: 4.3% (up from 2.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Over the next year, revenue is forecast to stay flat compared to a 148% growth forecast for the industry in Germany. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥288 (vs JP¥300 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥566.0b (up 6.9% from 2Q 2021). Net income: JP¥24.1b (down 4.1% from 2Q 2021). Profit margin: 4.3% (down from 4.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS JP¥334 (vs JP¥310 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥529.6b (up 20% from 1Q 2021). Net income: JP¥27.9b (up JP¥53.9b from 1Q 2021). Profit margin: 5.3% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Board Change • Jul 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. President, Group CEO & Representative Director Hiroshi Kiriyama is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • May 15
Full year 2021 earnings released: EPS JP¥1,026 (vs JP¥335 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥2.23t (down 18% from FY 2020). Net income: JP¥85.9b (up JP¥114.1b from FY 2020). Profit margin: 3.8% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Announcement • Mar 04
Cosmo Energy Holdings Co., Ltd. to Report Fiscal Year 2021 Results on May 13, 2021 Cosmo Energy Holdings Co., Ltd. announced that they will report fiscal year 2021 results on May 13, 2021 Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥208 (vs JP¥58.79 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥601.3b (down 16% from 3Q 2020). Net income: JP¥17.4b (up 252% from 3Q 2020). Profit margin: 2.9% (up from 0.7% in 3Q 2020). Analyst Estimate Surprise Post Earnings • Feb 12
Revenue beats expectations Revenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 3.5%, compared to a 26% growth forecast for the Oil and Gas industry in Germany. 
