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SAIBU GAS HOLDINGS CO.,LTD., First Half Ordinary Profit Decreases by 33%, July-September Ordinary Profit Loss Widens

Thu Oct 31, 2024 4:30 pm JST Earnings

9536 SAIBU GAS HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

SAIBU GAS HOLDINGS CO.,LTD. <9536> [TSE-P] announced its financial results after the market closed on October 31st (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 33.4% from the same period last year to 2.13 billion yen. The progress rate against the 8 billion yen full-year plan was 26.7%, almost the same as the five-year average of 26.8%.

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 18.2% from the same period last year to 5.86 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 996 million yen (compared to a loss of 546 million yen in the same period last year). The operating profit/loss margin worsened from -1.0% in the same period last year to -1.7%.

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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 112,642 407 1,300 7,192 194.3 11.1 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 121,157 2,641 3,213 2,216 59.9 31.0 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 112,295 1,679 2,139 1,115 30.1 26.7 Oct 31, 2024 J-GAAP
YoY -7.3% -36.4% -33.4% -49.7% -49.7%

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 35 Apr 26, 2024 J-GAAP
Apr - Sep, 2024 Results 112,295 1,679 2,139 1,115 30.1 35 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 135,171 7,031 7,164 3,939 106.4 35 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 147,705 5,821 5,861 3,885 104.9 35 Oct 31, 2024 J-GAAP
YoY +9.3% -17.2% -18.2% -1.4% -1.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 266,319 10,811 11,759 13,215 356.9 70 Apr 27, 2023 J-GAAP
Mar, 2024 256,328 9,672 10,377 6,155 166.2 70 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 260,000 7,500 8,000 5,000 135.0 70 Apr 26, 2024 J-GAAP
YoY +1.4% -22.5% -22.9% -18.8% -18.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 59,525 -573 -546 -394 -10.6 -1.0 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 60,416 -447 -258 -262 -7.1 -0.7 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 74,755 7,478 7,422 4,201 113.5 10.0 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 58,557 2,602 3,135 1,899 51.3 4.4 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 53,738 -923 -996 -784 -21.2 -1.7 Oct 31, 2024 J-GAAP
YoY -9.7% -61.1% -82.4% -99.0% -99.1%

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