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OSAKA GAS CO.,LTD., First Half Ordinary Profit Decreases by 42%, July-September Ordinary Profit Decreases by 32%

Thu Oct 31, 2024 4:00 pm JST Earnings

9532 OSAKA GAS CO.,LTD. 【J-GAAP】

Earnings Report

OSAKA GAS CO.,LTD. <9532> [TSE-P] announced its financial results after the market closed on October 31st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 42.0% from the same period last year to 71.8 billion yen. The progress rate against the 153 billion yen full-year plan was 47.0%, almost the same as the five-year average of 49.1%.

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 21.0% from the same period last year to 81.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 28.1 billion yen, a 31.5% decrease compared to the same period last year. However, the operating profit margin improved from 4.8% in the same period last year to 5.5%.

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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 981,560 -45,690 -37,865 -29,744 -71.6 ー Oct 31, 2022 J-GAAP
Apr - Sep, 2023 995,693 96,731 123,851 89,351 214.9 54.7 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 950,110 54,939 71,869 50,797 125.0 47.0 Oct 31, 2024 J-GAAP
YoY -4.6% -43.2% -42.0% -43.1% -41.8%

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 － 47.50 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 950,110 54,939 71,869 50,797 125.0 47.50 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 1,087,357 75,822 102,712 43,328 104.7 50 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,035,890 68,561 81,131 61,203 154.2 47.50 Oct 31, 2024 J-GAAP
YoY -4.7% -9.6% -21.0% +41.3% +47.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,275,113 60,001 75,649 57,110 137.4 60 May 8, 2023 J-GAAP
Mar, 2024 2,083,050 172,553 226,563 132,679 320.6 82.50 May 8, 2024 J-GAAP
Mar, 2025 Guidance 1,986,000 123,500 153,000 112,000 282.1 95 May 8, 2024 J-GAAP
YoY -4.7% -28.4% -32.5% -15.6% -12.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 483,082 23,067 41,179 28,791 69.3 4.8 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 514,454 43,961 50,720 37,054 89.3 8.5 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 572,903 31,861 51,992 6,274 15.2 5.6 May 8, 2024 J-GAAP
Apr - Jun, 2024 470,928 28,750 43,673 30,789 75.5 6.1 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 479,182 26,189 28,196 20,008 49.3 5.5 Oct 31, 2024 J-GAAP
YoY -0.8% +13.5% -31.5% -30.5% -28.9%

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