KEIYO GAS CO., LTD., July-September (3Q) Ordinary Profit Turns to Profit

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Wed Oct 30, 2024 3:00 pm JST Earnings

9539 KEIYO GAS CO., LTD. 【J-GAAP】

Earnings Report

KEIYO GAS CO., LTD. <9539> [TSE-S] announced its financial results after the market closed on October 30th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) dropped by 40.2% from the same period last year to 2.89 billion yen. The progress rate against the full-year plan of 1.9 billion yen is 152.4%, but was lower than the the same period of the previous year of 199.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the October to December period (4Q) is expected to further decrease to loss of 995 million yen (compared to a loss of 2.41 billion yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a profit of profit of 58 million yen (compared to a loss of 913 million yen in the same period last year). The operating profit/loss margin significantly improved from -4.7% in the same period last year to -0.8%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	86,195	2,587	2,946	1,951	182.1	405.8	Nov 7, 2022	J-GAAP
Jan - Sep, 2023	95,349	4,446	4,845	3,168	295.6	199.3	Nov 6, 2023	J-GAAP
Jan - Sep, 2024	88,454	2,384	2,895	1,953	182.3	152.4	Oct 30, 2024	J-GAAP
YoY	-7.2%	-46.4%	-40.2%	-38.4%	-38.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	51,370	-3,855	-3,327	-2,561	-239.0	30	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	52,016	-1,379	-937	-590	-55.1	30	Aug 5, 2024	J-GAAP
YoY	+1.3%	+64.2%	+71.8%	+77.0%	+77.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	118,757	39	726	219	20.5	60	Feb 14, 2023	J-GAAP
Dec, 2023	122,853	1,704	2,431	1,460	136.2	60	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	116,000	1,200	1,900	1,300	121.3	60	Aug 5, 2024	J-GAAP
YoY	-5.6%	-29.6%	-21.8%	-11.0%	-11.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	23,866	-1,113	-913	-853	-79.6	-4.7	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	27,504	-2,742	-2,414	-1,708	-159.4	-10.0	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	37,088	398	425	212	19.8	1.1	May 13, 2024	J-GAAP
Apr - Jun, 2024	26,896	2,181	2,412	1,678	156.6	8.1	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	24,470	-195	58	63	5.9	-0.8	Oct 30, 2024	J-GAAP
YoY	+2.5%	+82.5%	－	－	－