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HOKKAIDO GAS CO., LTD., First Half Ordinary Profit Decreases by 21%, July-September Ordinary Profit Turns to Loss

Thu Oct 31, 2024 3:00 pm JST Earnings

9534 HOKKAIDO GAS CO., LTD. 【J-GAAP】

Earnings Report

HOKKAIDO GAS CO., LTD. <9534> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 21.4% from the same period last year to 4.89 billion yen. The progress rate against the 13.5 billion yen full-year plan was 36.2%, which was higher than the five-year average of 27.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 10.9% from the same period last year to 8.6 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 234 million yen (compared to a profit of 856 million yen in the same period last year). The operating profit/loss margin drastically worsened from 2.7% in the same period last year to -0.6%.

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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 62,546 3,049 3,209 2,318 26.3 24.0 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 72,947 6,044 6,220 4,435 50.4 39.2 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 68,024 4,792 4,892 3,485 39.6 36.2 Oct 31, 2024 J-GAAP
YoY -6.7% -20.7% -21.4% -21.4% -21.4%

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 － 9 Apr 26, 2024 J-GAAP
Apr - Sep, 2024 Results 68,024 4,792 4,892 3,485 39.6 9 Oct 31, 2024 J-GAAP
Revision Rate － － － － －

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 100,938 9,551 9,663 7,192 81.6 9 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 97,976 8,408 8,608 6,315 71.7 9 Oct 31, 2024 J-GAAP
YoY -2.9% -12.0% -10.9% -12.2% -12.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 174,840 13,342 13,395 9,963 113.1 14 Apr 28, 2023 J-GAAP
Mar, 2024 173,885 15,595 15,883 11,627 132.0 16 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 166,000 13,200 13,500 9,800 111.2 18 Apr 26, 2024 J-GAAP
YoY -4.5% -15.4% -15.0% -15.7% -15.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 32,679 896 856 602 6.8 2.7 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 41,802 709 721 435 4.9 1.7 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 59,136 8,842 8,942 6,757 76.7 15.0 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 36,533 4,968 5,126 3,672 41.7 13.6 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 31,491 -176 -234 -187 -2.1 -0.6 Oct 31, 2024 J-GAAP
YoY -3.6% － － － －

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