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HOKKAIDO GAS, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 7%

Thu Jan 29, 2026 2:00 pm JST Earnings

9534 HOKKAIDO GAS CO., LTD. 【J-GAAP】

Earnings Report

HOKKAIDO GAS CO., LTD. <9534> [TSE Prime] announced its financial results in the afternoon session on January 29th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 8.20 billion yen, an increase 54.5% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 6.9%, from the previous forecast of 14.5 billion yen to 15.5 billion yen (compared to 14.4 billion yen in the previous period), increasing the growth rate from 0.5% to 7.4%.

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 13.1%, from the previous forecast of 7.63 billion yen to 8.63 billion yen (compared to 9.53 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 19.9% to 9.4%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 3.2 times that of the same period last year, reaching 1.34 billion yen. The operating profit margin improved from 0.9% in the same period last year to 3.2%.

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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 114,749 6,753 6,941 4,870 55.3 43.7 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 111,118 5,179 5,310 3,725 42.3 36.8 Jan 31, 2025 J-GAAP
Apr - Dec, 2025 114,752 8,078 8,203 5,780 65.5 52.9 Jan 29, 2026 J-GAAP
YoY +3.3% +56.0% +54.5% +55.2% +55.0%

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 97,333 8,027 7,637 5,589 63.3 11.50 Oct 31, 2025 J-GAAP
Oct - Mar, 2025 New 103,633 8,827 8,637 6,275 71.1 11.50 Jan 29, 2026 J-GAAP
Revision Rate +6.5% +10.0% +13.1% +12.3% +12.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 168,700 14,700 14,500 10,488 118.8 23 Oct 31, 2025 J-GAAP
Mar, 2026 New 175,000 15,500 15,500 11,174 126.6 23 Jan 29, 2026 J-GAAP
Revision Rate +3.7% +5.4% +6.9% +6.5% +6.5%

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 102,271 9,536 9,536 6,919 78.5 10 Apr 28, 2025 J-GAAP
Oct - Mar, 2025 Guidance 103,633 8,827 8,637 6,275 71.1 11.50 Jan 29, 2026 J-GAAP
YoY +1.3% -7.4% -9.4% -9.3% -9.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 173,885 15,595 15,883 11,627 132.0 16 Apr 26, 2024 J-GAAP
Mar, 2025 170,295 14,328 14,428 10,404 118.1 19 Apr 28, 2025 J-GAAP
Mar, 2026 Guidance 175,000 15,500 15,500 11,174 126.6 23 Jan 29, 2026 J-GAAP
YoY +2.8% +8.2% +7.4% +7.4% +7.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 43,094 387 418 240 2.7 0.9 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 59,177 9,149 9,118 6,679 75.8 15.5 Apr 28, 2025 J-GAAP
Apr - Jun, 2025 38,296 5,811 5,984 4,303 48.8 15.2 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 33,071 862 879 596 6.8 2.6 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 43,385 1,405 1,340 881 10.0 3.2 Jan 29, 2026 J-GAAP
YoY +0.7% +263.0% +220.6% +267.1% +267.3%

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