HIROSHIMA GAS CO.,LTD., First Half Net Income Turns to Loss, July-September Net Income Turns to Loss

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Fri Nov 8, 2024 3:00 pm JST Earnings

9535 HIROSHIMA GAS CO.,LTD. 【J-GAAP】

Earnings Report

HIROSHIMA GAS CO.,LTD. <9535> [TSE-P] announced its financial results in the afternoon session on November 8th (15:00). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 105 million yen (compared to a profit of 1.3 billion yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to expand by 56.4% from the same period last year, reaching 1.6 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 783 million yen (compared to a profit of 31 million yen in the same period last year). The operating profit/loss margin drastically worsened from -1.2% in the same period last year to -7.3%.

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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	40,592	1,443	1,657	1,177	17.3	22.4	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	42,724	1,907	2,057	1,303	19.1	60.9	Nov 2, 2023	J-GAAP
Apr - Sep, 2024	41,442	-102	103	-105	-1.5	4.5	Nov 8, 2024	J-GAAP
YoY	-3.0%	－	-95.0%	－	－

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	－	6	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	41,442	-102	103	-105	-1.5	6	Nov 8, 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	47,946	1,278	1,318	1,026	15.0	6	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	52,158	2,202	2,197	1,605	23.4	6	Nov 8, 2024	J-GAAP
YoY	+8.8%	+72.3%	+66.7%	+56.4%	+56.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	95,219	7,021	7,412	5,216	76.4	12	May 11, 2023	J-GAAP
Mar, 2024	90,670	3,185	3,375	2,329	34.0	12	May 10, 2024	J-GAAP
Mar, 2025 Guidance	93,600	2,100	2,300	1,500	21.9	12	May 10, 2024	J-GAAP
YoY	+3.2%	-34.1%	-31.9%	-35.6%	-35.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	18,889	-236	8	31	0.5	-1.2	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	21,067	-578	-252	-116	-1.7	-2.7	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	26,879	1,856	1,570	1,142	16.7	6.9	May 10, 2024	J-GAAP
Apr - Jun, 2024	22,177	1,312	1,241	678	9.9	5.9	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	19,265	-1,414	-1,138	-783	-11.4	-7.3	Nov 8, 2024	J-GAAP
YoY	+2.0%	-499.2%	－	－	－