TOHO GAS, The Current Fiscal Year Ordinary Profit Revised Upward by 10%

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Thu Jan 30, 2025 11:40 am JST Earnings

9533 TOHO GAS CO.,LTD. 【J-GAAP】

Earnings Report

TOHO GAS CO.,LTD. <9533> [TSE Prime] announced its financial results at noon (11:40) on January 30th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 16.6% from the same period last year to 27.7 billion yen.

However, the full-year consolidated ordinary profit has been revised upward 10.0%, from the previous forecast of 30 billion yen to 33 billion yen (compared to 40.7 billion yen in the previous period), and the declining rate is expected to decrease from 26.5% to 19.1%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 41.9%, from the previous forecast of 7.16 billion yen to 10.1 billion yen (compared to 8.88 billion yen in the same period of the previous year), turning to a 14.3% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 3.8 times that of the same period last year, reaching 4.86 billion yen. The operating profit/loss margin improved from -0.3% in the same period last year to 1.6%.

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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
Apr - Dec, 2022	486,016	21,207	24,012	17,240	164.0	49.8	Jan 27, 2023	J-GAAP
Apr - Dec, 2023	449,584	28,424	33,202	25,474	242.3	81.4	Jan 30, 2024	J-GAAP
Apr - Dec, 2024	460,602	21,806	27,703	22,043	216.1	83.9	Jan 30, 2025	J-GAAP
YoY	+2.5%	-23.3%	-16.6%	-13.5%	-10.8%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	346,596	3,902	7,161	5,011	51.4	40	Oct 30, 2024	J-GAAP
Oct - Mar, 2024 New	346,596	6,902	10,161	7,011	71.9	40	Jan 30, 2025	J-GAAP
Revision Rate	0.0%	+76.9%	+41.9%	+39.9%	+39.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	640,000	23,000	30,000	23,000	235.7	80	Oct 30, 2024	J-GAAP
Mar, 2025 New	640,000	26,000	33,000	25,000	256.2	80	Jan 30, 2025	J-GAAP
Revision Rate	0.0%	+13.0%	+10.0%	+8.7%	+8.7%

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	332,079	4,778	8,888	2,707	25.8	40	Apr 25, 2024	J-GAAP
Oct - Mar, 2024 Guidance	346,596	6,902	10,161	7,011	71.9	40	Jan 30, 2025	J-GAAP
YoY	+4.4%	+44.5%	+14.3%	+159.0%	+179.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	706,073	43,743	48,171	33,721	320.8	60	Apr 27, 2023	J-GAAP
Mar, 2024	632,985	33,597	40,797	27,304	259.7	70	Apr 25, 2024	J-GAAP
Mar, 2025 Guidance	640,000	26,000	33,000	25,000	256.2	80	Jan 30, 2025	J-GAAP
YoY	+1.1%	-22.6%	-19.1%	-8.4%	-1.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	148,678	-395	1,293	877	8.3	-0.3	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	183,401	5,173	7,595	1,830	17.4	2.8	Apr 25, 2024	J-GAAP
Apr - Jun, 2024	146,103	15,224	17,064	13,661	131.3	10.4	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	147,301	3,874	5,775	4,328	42.0	2.6	Oct 30, 2024	J-GAAP
Oct - Dec, 2024	167,198	2,708	4,864	4,054	39.7	1.6	Jan 30, 2025	J-GAAP
YoY	+12.5%	－	+276.2%	+362.3%	+376.5%