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HIROSHIMA GAS CO.,LTD., First Half Net Income Turns to Loss, July-September Net Income Turns to Loss

Fri Nov 8, 2024 3:00 pm JST Earnings

9535 HIROSHIMA GAS CO.,LTD. 【J-GAAP】

Earnings Report

HIROSHIMA GAS CO.,LTD. <9535> [TSE-P] announced its financial results in the afternoon session on November 8th (15:00). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 105 million yen (compared to a profit of 1.3 billion yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to expand by 56.4% from the same period last year, reaching 1.6 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 783 million yen (compared to a profit of 31 million yen in the same period last year). The operating profit/loss margin drastically worsened from -1.2% in the same period last year to -7.3%.

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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, 2022 40,592 1,443 1,657 1,177 17.3 22.4 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 42,724 1,907 2,057 1,303 19.1 60.9 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 41,442 -102 103 -105 -1.5 4.5 Nov 8, 2024 J-GAAP
YoY -3.0% － -95.0% － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 6 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 41,442 -102 103 -105 -1.5 6 Nov 8, 2024 J-GAAP
Revision Rate － － － － －

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 52,158 2,202 2,197 1,605 23.4 6 Nov 8, 2024 J-GAAP
YoY +8.8% +72.3% +66.7% +56.4% +56.1%

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 93,600 2,100 2,300 1,500 21.9 12 May 10, 2024 J-GAAP
YoY +3.2% -34.1% -31.9% -35.6% -35.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 18,889 -236 8 31 0.5 -1.2 Nov 2, 2023 J-GAAP
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
YoY +2.0% -499.2% － － －

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