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HOKURIKU GAS, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 17%

Thu Nov 6, 2025 2:00 pm JST Earnings

9537 HOKURIKU GAS CO.,LTD. 【J-GAAP】

Earnings Report

HOKURIKU GAS CO.,LTD. <9537> [TSE Std] announced its financial results in the afternoon session on November 6th (14:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) turned into a profit of 1.69 billion yen (compared to a loss of 0.26 billion yen in the same period last year).

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 16.7%, from the previous forecast of 3.00 billion yen to 3.50 billion yen (compared to 1.68 billion yen in the previous period), increasing the growth rate from 78.5% to 2.1 times.

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 decrease 7.3% from the same period last year to 1.80 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss improved to a deficit of 0.19 billion yen (compared to a loss of 0.95 billion yen in the same period last year). The operating profit/loss margin drastically improved from -8.2% in the same period last year to -2.1%.

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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 26,832 -90 56 10 2.3 ー Nov 2, 2023 J-GAAP
Apr - Sep, 2024 25,366 -408 -269 198 42.6 ー Nov 6, 2024 J-GAAP
Apr - Sep, 2025 27,529 1,490 1,693 1,170 251.3 48.4 Nov 6, 2025 J-GAAP
YoY +8.5% － － +490.9% +489.4%

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 － 0 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 27,529 1,490 1,693 1,170 251.3 0 Nov 6, 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 67,400 2,740 3,000 2,020 433.4 80 May 15, 2025 J-GAAP
Mar, 2026 New 64,300 3,140 3,500 2,440 523.5 80 Nov 6, 2025 J-GAAP
Revision Rate -4.6% +14.6% +16.7% +20.8% +20.8%

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 36,400 1,818 1,950 1,754 377.4 80 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 36,771 1,650 1,807 1,270 272.5 80 Nov 6, 2025 J-GAAP
YoY +1.0% -9.2% -7.3% -27.6% -27.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 61,405 -943 -599 -1,759 -377.8 80 May 15, 2024 J-GAAP
Mar, 2025 61,766 1,410 1,681 1,952 420.0 80 May 15, 2025 J-GAAP
Mar, 2026 Guidance 64,300 3,140 3,500 2,440 523.5 80 Nov 6, 2025 J-GAAP
YoY +4.1% +122.7% +108.2% +25.0% +24.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 12,152 -997 -951 -693 -149.2 -8.2 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 15,237 -560 -487 -348 -75.1 -3.7 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 21,163 2,378 2,437 2,102 452.3 11.2 May 15, 2025 J-GAAP
Apr - Jun, 2025 14,841 1,762 1,889 1,336 287.1 11.9 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 12,688 -272 -196 -166 -35.7 -2.1 Nov 6, 2025 J-GAAP
YoY +4.4% +72.7% +79.4% +76.0% +76.1%

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