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

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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	ー	ー	ー	ー	－	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%