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

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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	152.4	47.50	Oct 31, 2024	J-GAAP
YoY	-4.7%	-9.6%	-21.0%	+41.3%	+45.6%

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	278.9	95	May 8, 2024	J-GAAP
YoY	-4.7%	-28.4%	-32.5%	-15.6%	-13.0%

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%