NIPPON GAS, Oct-Dec (3Q) Ordinary Profit Increases by 24%

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Tue Jan 28, 2025 4:00 pm JST Earnings

8174 NIPPON GAS CO.,LTD. 【J-GAAP】

Earnings Report

NIPPON GAS CO.,LTD. <8174> [TSE Prime] announced its financial results after the market closed on January 28th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 11.3% from the same period last year to 8.57 billion yen. The progress rate toward the full-year plan of 20 billion yen was 42.9%, also falling below the five-year average of 48.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to expand 43.9% from the same period last year, reaching 11.4 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 24.4% from the same period last year, reaching 6.15 billion yen. The operating profit margin rose from 10.0% in the same period last year to 11.8%.

Kabutan News

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
Apr - Dec, 2022	140,422	6,043	6,132	4,195	36.7	40.0	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	135,085	9,540	9,661	6,880	60.7	54.9	Feb 1, 2024	J-GAAP
Apr - Dec, 2024	137,919	8,446	8,571	5,900	53.2	42.9	Jan 28, 2025	J-GAAP
YoY	+2.1%	-11.5%	-11.3%	-14.2%	-12.2%

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	108,867	12,875	12,894	7,543	66.6	37.50	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	113,951	17,693	17,588	12,391	113.7	46.25	Oct 29, 2024	J-GAAP
YoY	+4.7%	+37.4%	+36.4%	+64.3%	+70.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	207,942	15,127	15,314	10,568	92.6	65	Apr 27, 2023	J-GAAP
Mar, 2024	194,364	17,442	17,604	10,825	95.6	75	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	200,000	20,000	20,000	14,000	128.4	92.50	Apr 30, 2024	J-GAAP
YoY	+2.9%	+14.7%	+13.6%	+29.3%	+34.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	49,588	4,973	4,951	3,598	31.7	10.0	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	59,279	7,902	7,943	3,945	34.9	13.3	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	44,601	2,088	2,147	1,453	13.0	4.7	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	41,448	219	265	156	1.4	0.5	Oct 29, 2024	J-GAAP
Oct - Dec, 2024	51,870	6,139	6,159	4,291	38.7	11.8	Jan 28, 2025	J-GAAP
YoY	+4.6%	+23.4%	+24.4%	+19.3%	+22.0%