TOHO GAS CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 11%

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Wed Oct 30, 2024 11:40 am JST Earnings

9533 TOHO GAS CO.,LTD. 【J-GAAP】

Earnings Report

TOHO GAS CO.,LTD. <9533> [TSE-P] announced its financial results at noon (11:40) on October 30th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 28.4% from the same period last year to 22.8 billion yen.

However, the full-year consolidated ordinary profit has been revised upward by 11.1%, from the previous forecast of 27 billion yen to 30 billion yen (compared to 40.7 billion yen in the previous period), and the declining rate is expected to decrease from 33.8% to 26.5%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 19.4% from the same period last year to 7.16 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 5.77 billion yen, a 7.2% decrease compared to the same period last year. The operating profit margin worsened from 3.6% in the same period last year to 2.6%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	302,843	8,420	9,803	6,891	65.6	20.4	Oct 27, 2022	J-GAAP
Apr - Sep, 2023	300,906	28,819	31,909	24,597	234.0	78.2	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	293,404	19,098	22,839	17,989	174.5	76.1	Oct 30, 2024	J-GAAP
YoY	-2.5%	-33.7%	-28.4%	-26.9%	-25.4%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	40	Apr 25, 2024	J-GAAP
Apr - Sep, 2024 Results	293,404	19,098	22,839	17,989	174.5	40	Oct 30, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	640,000	21,000	27,000	21,000	211.4	80	Apr 25, 2024	J-GAAP
Mar, 2025 New	640,000	23,000	30,000	23,000	231.5	80	Oct 30, 2024	J-GAAP
Revision Rate	0.0%	+9.5%	+11.1%	+9.5%	+9.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	332,079	4,778	8,888	2,707	25.8	40	Apr 25, 2024	J-GAAP
Oct - Mar, 2024 Guidance	346,596	3,902	7,161	5,011	50.4	40	Oct 30, 2024	J-GAAP
YoY	+4.4%	-18.3%	-19.4%	+85.1%	+95.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	706,073	43,743	48,171	33,721	320.8	60	Apr 27, 2023	J-GAAP
Mar, 2024	632,985	33,597	40,797	27,304	259.7	70	Apr 25, 2024	J-GAAP
Mar, 2025 Guidance	640,000	23,000	30,000	23,000	231.5	80	Oct 30, 2024	J-GAAP
YoY	+1.1%	-31.5%	-26.5%	-15.8%	-10.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	145,631	5,197	6,226	6,000	57.1	3.6	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	148,678	-395	1,293	877	8.3	-0.3	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	183,401	5,173	7,595	1,830	17.4	2.8	Apr 25, 2024	J-GAAP
Apr - Jun, 2024	146,103	15,224	17,064	13,661	131.3	10.4	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	147,301	3,874	5,775	4,328	42.0	2.6	Oct 30, 2024	J-GAAP
YoY	+1.1%	-25.5%	-7.2%	-27.9%	-26.5%