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SAIBU GAS, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 9%

Thu Jan 29, 2026 4:00 pm JST Earnings

9536 SAIBU GAS HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

SAIBU GAS HOLDINGS CO.,LTD. <9536> [TSE Prime] announced its financial results after the market closed on January 29th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) surged 2.2 times that of the same period last year, reaching 8.64 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 9.1%, from the previous forecast of 11.0 billion yen to 12.0 billion yen (compared to 10.6 billion yen in the previous period), increasing the growth rate from 3.7% to 13.1%.

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 (second half) has been revised upward 18.0%, from the previous forecast of 5.54 billion yen to 6.54 billion yen (compared to 8.47 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 34.5% to 22.7%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 79.5% from the same period last year, reaching 3.19 billion yen. The operating profit margin improved from 2.2% in the same period last year to 3.7%.

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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, 2023 181,573 2,194 2,955 1,954 52.8 28.5 Jan 30, 2024 J-GAAP
Apr - Dec, 2024 175,665 3,061 3,917 2,387 64.5 36.9 Jan 31, 2025 J-GAAP
Apr - Dec, 2025 190,037 7,391 8,642 5,988 163.8 72.0 Jan 29, 2026 J-GAAP
YoY +8.2% +141.5% +120.6% +150.9% +154.1%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 127,440 5,375 5,549 3,303 91.5 35 Oct 30, 2025 J-GAAP
Oct - Mar, 2025 New 131,440 6,375 6,549 4,303 119.2 35 Jan 29, 2026 J-GAAP
Revision Rate +3.1% +18.6% +18.0% +30.3% +30.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 256,000 10,500 11,000 7,000 193.9 70 Apr 30, 2025 J-GAAP
Mar, 2026 New 260,000 11,500 12,000 8,000 221.6 70 Jan 29, 2026 J-GAAP
Revision Rate +1.6% +9.5% +9.1% +14.3% +14.3%

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 142,147 8,851 8,472 5,247 141.7 35 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 131,440 6,375 6,549 4,303 119.2 35 Jan 29, 2026 J-GAAP
YoY -7.5% -28.0% -22.7% -18.0% -15.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 256,328 9,672 10,377 6,155 166.2 70 Apr 26, 2024 J-GAAP
Mar, 2025 254,442 10,530 10,611 6,362 171.8 70 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 260,000 11,500 12,000 8,000 221.6 70 Jan 29, 2026 J-GAAP
YoY +2.2% +9.2% +13.1% +25.7% +29.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 63,370 1,382 1,778 1,272 34.4 2.2 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 78,777 7,469 6,694 3,975 107.4 9.5 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 67,549 5,477 5,733 3,533 95.8 8.1 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 61,011 -352 -282 164 4.5 -0.6 Oct 30, 2025 J-GAAP
Oct - Dec, 2025 61,477 2,266 3,191 2,291 62.7 3.7 Jan 29, 2026 J-GAAP
YoY -3.0% +64.0% +79.5% +80.1% +82.4%

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