kabutan

HIROSHIMA GAS, The Current Fiscal Year Ordinary Profit Revised Downward by 48%

Fri Feb 7, 2025 3:00 pm JST Earnings

9535 HIROSHIMA GAS CO.,LTD. 【J-GAAP】

Earnings Report

HIROSHIMA GAS CO.,LTD. <9535> [TSE Prime] announced its financial results in the afternoon session on February 7th (15:00). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a loss of 0.35 billion yen (compared to a profit of 1.8 billion yen in the same period last year).

In addition, the full-year consolidated ordinary profit has decreased 47.8%, from the previous forecast of 2.3 billion yen to 1.2 billion yen (compared to 3.37 billion yen in the previous period), leading to an increase in the profit decline rate from 31.9% to 64.4%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 50.1%, from the previous forecast of 2.19 billion yen to 1.09 billion yen (compared to 1.31 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 16.8% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary loss expanded to a loss of 0.45 billion yen (compared to a loss of 0.25 billion yen in the same period last year). The operating profit/loss margin worsened from -2.7% in the same period last year to -3.4%.

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 63,590 2,018 2,569 1,810 26.5 34.7 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 63,791 1,329 1,805 1,187 17.4 53.5 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 64,026 -863 -351 -294 -4.3 Feb 7, 2025 J-GAAP
YoY +0.4%

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 52,158 2,202 2,197 1,605 23.4 6 Nov 8, 2024 J-GAAP
Oct - Mar, 2024 New 49,258 802 1,097 1,205 17.6 6 Feb 7, 2025 J-GAAP
Revision Rate -5.6% -63.6% -50.1% -24.9% -25.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 93,600 2,100 2,300 1,500 21.9 12 May 10, 2024 J-GAAP
Mar, 2025 New 90,700 700 1,200 1,100 16.0 12 Feb 7, 2025 J-GAAP
Revision Rate -3.1% -66.7% -47.8% -26.7% -26.7%

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 47,946 1,278 1,318 1,026 15.0 6 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 49,258 802 1,097 1,205 17.6 6 Feb 7, 2025 J-GAAP
YoY +2.7% -37.2% -16.8% +17.4% +17.1%

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 90,700 700 1,200 1,100 16.0 12 Feb 7, 2025 J-GAAP
YoY +0.0% -78.0% -64.4% -52.8% -52.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2024 22,584 -761 -454 -189 -2.8 -3.4 Feb 7, 2025 J-GAAP
YoY +7.2% -31.7% -80.2% -62.9% -62.4%

Related Articles