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TOHO GAS, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 2% Increase

Tue Oct 28, 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 October 28th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 17.1% from the same period last year, reaching 26.7 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 10.0%, from the previous forecast of 30.0 billion yen to 33.0 billion yen (compared to 32.4 billion yen in the previous period), turning to a 1.8% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop 34.5% from the same period last year to 6.26 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 4.69 billion yen, an 18.7% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 2.6% in the same period last year to 2.7%.

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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, 2023 300,906 28,819 31,909 24,597 234.0 78.2 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 293,404 19,098 22,839 17,989 174.5 70.5 Oct 30, 2024 J-GAAP
Apr - Sep, 2025 307,161 23,817 26,734 20,236 211.8 81.0 Oct 28, 2025 J-GAAP
YoY +4.7% +24.7% +17.1% +12.5% +21.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 45 Apr 30, 2025 J-GAAP
Apr - Sep, 2025 Results 307,161 23,817 26,734 20,236 211.8 45 Oct 28, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 610,000 24,000 30,000 25,000 269.2 90 Apr 30, 2025 J-GAAP
Mar, 2026 New 630,000 27,000 33,000 27,000 290.7 90 Oct 28, 2025 J-GAAP
Revision Rate +3.3% +12.5% +10.0% +8.0% +8.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 362,606 11,789 9,573 7,465 73.8 40 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 322,839 3,183 6,266 6,764 72.8 45 Oct 28, 2025 J-GAAP
YoY -11.0% -73.0% -34.5% -9.4% -1.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 632,985 33,597 40,797 27,304 259.7 70 Apr 25, 2024 J-GAAP
Mar, 2025 656,010 30,887 32,412 25,454 251.8 80 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 630,000 27,000 33,000 27,000 290.7 90 Oct 28, 2025 J-GAAP
YoY -4.0% -12.6% +1.8% +6.1% +15.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 195,408 9,081 4,709 3,411 33.7 4.6 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 161,470 19,840 22,039 16,614 172.3 12.3 Jul 30, 2025 J-GAAP
Jul - Sep, 2025 145,691 3,977 4,695 3,622 37.9 2.7 Oct 28, 2025 J-GAAP
YoY -1.1% +2.7% -18.7% -16.3% -9.7%

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