SHIZUOKA GAS CO., LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 8%

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Wed Nov 6, 2024 3:00 pm JST Earnings

9543 SHIZUOKA GAS CO., LTD. 【J-GAAP】

Earnings Report

SHIZUOKA GAS CO., LTD. <9543> [TSE-P] announced its financial results in the afternoon session on November 6th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) dropped by 43.3% from the same period last year to 12 billion yen.

However, the full-year consolidated ordinary profit has been revised upward by 7.6%, from the previous forecast of 9.95 billion yen to 10.7 billion yen (compared to 20 billion yen in the previous period), and the declining rate is expected to decrease from 50.4% to 46.6%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit/loss for the July to December period (second half) has been revised upward from an expected loss of 2.49 billion yen to a loss of 1.73 billion yen (compared to a profit of 727 million yen in the same period of the previous year), indicating a reduction in the loss margin.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a loss of 430 million yen (compared to a profit of 1.86 billion yen in the same period last year). The operating profit margin worsened from 4.1% in the same period last year to 1.3%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	143,972	6,768	7,410	4,513	60.9	78.1	Nov 9, 2022	J-GAAP
Jan - Sep, 2023	168,439	19,586	21,198	14,905	201.0	105.7	Nov 8, 2023	J-GAAP
Jan - Sep, 2024	152,864	10,440	12,016	8,041	107.3	112.2	Nov 6, 2024	J-GAAP
YoY	-9.2%	-46.7%	-43.3%	-46.1%	-46.6%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	101,383	-2,495	-2,496	-2,204	-29.3	27	Aug 7, 2024	J-GAAP
Jul - Dec, 2024 New	97,923	-1,165	-1,736	-1,704	-22.6	27	Nov 6, 2024	J-GAAP
Revision Rate	-3.4%	+53.3%	+30.4%	+22.7%	+22.7%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	206,760	7,330	9,950	6,320	84.0	40	Aug 7, 2024	J-GAAP
Dec, 2024 New	203,300	8,660	10,710	6,820	90.6	40	Nov 6, 2024	J-GAAP
Revision Rate	-1.7%	+18.1%	+7.6%	+7.9%	+7.9%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	87,788	493	727	269	3.6	15	Feb 7, 2024	J-GAAP
Jul - Dec, 2024 Guidance	97,923	-1,165	-1,736	-1,704	-22.6	27	Nov 6, 2024	J-GAAP
YoY	+11.5%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	207,325	8,629	9,491	5,975	80.6	19	Feb 9, 2023	J-GAAP
Dec, 2023	214,004	18,340	20,064	14,107	190.2	25	Feb 7, 2024	J-GAAP
Dec, 2024 Guidance	203,300	8,660	10,710	6,820	90.6	40	Nov 6, 2024	J-GAAP
YoY	-5.0%	-52.8%	-46.6%	-51.7%	-52.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	42,223	1,739	1,861	1,067	14.4	4.1	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	45,565	-1,246	-1,134	-798	-10.8	-2.7	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	54,365	2,735	3,931	2,576	34.7	5.0	May 9, 2024	J-GAAP
Apr - Jun, 2024	51,012	7,090	8,515	5,948	79.5	13.9	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	47,487	615	-430	-483	-6.4	1.3	Nov 6, 2024	J-GAAP
YoY	+12.5%	-64.6%	－	－	－