Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
Consolidated Financial Results
for the Three Months Ended June 30, 2024
[Japanese GAAP]
Company name: HIROSHIMA GAS CO.,LTD.
Listing: Tokyo
Securities code: 9535
URL: https://www.hiroshima-gas.co.jp/
Representative: Tomohiko Nakagawa
Inquiries: Yasutaka Okita
Telephone: +81-82-252-3000
Scheduled date to commence dividend payments: -
Preparation of supplementary material on financial results: None
Holding of financial results briefing: None
August 7, 2024
President
Director,Senior Executive Officer and Manager of General
Affair Department
(Yen amounts are rounded down to millions, unless otherwise noted.) | ||||||||||
1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 to June 30, 2024) | ||||||||||
(1) Consolidated Operating Results | (Percentages indicate year-on-year changes.) | |||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||
owners of parent | ||||||||||
Three months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||
June 30, 2024 | 22,177 | (7.0) | 1,312 | (38.8) | 1,241 | (39.4) | 678 | (46.7) | ||
June 30, 2023 | 23,835 | 14.2 | 2,143 | 92.2 | 2,049 | 54.2 | 1,272 | 48.2 |
(Note) Comprehensive income: | Three months ended June 30, 2024: |
Three months ended June 30, 2023: |
¥ | 1,118 million | [ | (42.8) %] |
¥ | 1,956 million | [ | (2.3) %] |
Basic earnings | Diluted earnings per | ||||
per share | share | ||||
Three months ended | Yen | Yen | |||
June 30, 2024 | 9.90 | - | |||
June 30, 2023 | 18.62 | - | |||
(2) Consolidated Financial Position | |||||
Total assets | Net assets | Capital adequacy ratio | |||
As of | Millions of yen | Millions of yen | % | ||
June 30, 2024 | 130,364 | 71,129 | 52.0 | ||
March 31, 2024 | 137,628 | 70,512 | 48.8 | ||
(Reference) Equity: As of | June 30, 2024: | ¥ | 67,758 million | ||
As of | March 31, 2024: | ¥ | 67,128 million |
2. Dividends
Annual dividends | |||||||||
1st | 2nd | 3rd | Year-end | Total | |||||
quarter-end | quarter-end | quarter-end | |||||||
Yen | Yen | Yen | Yen | Yen | |||||
Fiscal year ended March 31, 2024 | - | 6.00 | - | 6.00 | 12.00 | ||||
Fiscal year ending March 31, 2025 | - | ||||||||
Fiscal year ending March 31, 2025 | 6.00 | - | 6.00 | 12.00 | |||||
(Forecast) | |||||||||
(Note) Revision to the forecast for dividends | announced most | recently: | None | ||||||
(Note) Breakdown of the 1st quarter dividend for the fiscal year ending March 31, 2025 : | |||||||||
Commemorative dividend | - | yen | |||||||
Special dividend | - | yen |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025(April 1, 2024 to March 31, 2025)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable | Basic earnings per | |||||||||||
to owners of parent | share | ||||||||||||||
Millions of | Millions of | Millions of | Millions of | ||||||||||||
yen | % | yen | % | yen | % | yen | % | Yen | |||||||
Full year | 93,600 | 3.2 | 2,100 | (34.1) | 2,300 | (31.9) | 1,500 | (35.6) | 21.90 | ||||||
(Note) Revision to the financial results forecast announced most recently: | None | ||||||||||||||
* Notes: | |||||||||||||||
(1) Significant changes in the scope of consolidation during the period: | None | ||||||||||||||
Newly included: | - | (Company name: | ) | ||||||||||||
Excluded: | - | (Company name: | ) |
- Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes
- Changes in accounting policies, changes in accounting estimates, and restatement
- Changes in accounting policies due to revisions to accounting standards and other regulations: None
- Changes in accounting policies due to other reasons: None
- Changes in accounting estimates: None
- Restatement: None
- Number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares):
June 30, 2024: | 68,490,018 | shares |
March 31, 2024: | 68,490,018 | shares |
2) Number of treasury shares at the end of the period: | ||
June 30, 2024: | 1,848 | shares |
March 31, 2024: | 1,848 | shares |
3) Average number of shares outstanding during the period: | ||
Three months ended June 30, 2024: | 68,488,170 | shares |
Three months ended June 30, 2023: | 68,371,270 | shares |
- Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None
* Proper use of earnings forecasts, and other special matters
Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets
(Millions of yen) | ||
As of March 31, 2024 | As of June 30, 2024 | |
Assets | ||
Non-current assets | ||
Property, plant and equipment | ||
Production facilities | 15,543 | 15,273 |
Distribution facilities | 31,202 | 30,873 |
Service and maintenance facilities | 4,066 | 4,181 |
Other facilities | 10,918 | 10,815 |
Construction in progress | 5,475 | 5,457 |
Total property, plant and equipment | 67,206 | 66,601 |
Intangible assets | 106 | 99 |
Investments and other assets | ||
Investment securities | 14,476 | 14,654 |
Long-term loans receivable | - | 22 |
Retirement benefit asset | 530 | 546 |
Deferred tax assets | 819 | 714 |
Other investments | 4,119 | 4,049 |
Allowance for doubtful accounts | (20) | (20) |
Total investments and other assets | 19,925 | 19,967 |
Total non-current assets | 87,238 | 86,668 |
Current assets | ||
Cash and deposits | 27,706 | 24,113 |
Notes and accounts receivable - trade, and contract | 9,388 | 7,346 |
assets | ||
Merchandise and finished goods | 953 | 841 |
Raw materials and supplies | 9,395 | 8,017 |
Other current assets | 2,981 | 3,398 |
Allowance for doubtful accounts | (35) | (19) |
Total current assets | 50,389 | 43,696 |
Total assets | 137,628 | 130,364 |
(Millions of yen) | ||
As of March 31, 2024 | As of June 30, 2024 | |
Liabilities | ||
Non-current liabilities | ||
Bonds payable | 16,000 | 16,000 |
Long-term borrowings | 27,994 | 24,364 |
Provision for retirement benefits for directors (and | 322 | - |
other officers) | ||
Provision for gas holder repairs | 598 | 614 |
Provision for safety measures | 420 | 375 |
Provision for gas appliance warranties | 200 | 196 |
Retirement benefit liability | 310 | 298 |
Asset retirement obligations | 237 | 238 |
Other noncurrent liabilities | 933 | 1,417 |
Total non-current liabilities | 47,017 | 43,504 |
Current liabilities | ||
Current portion of non-current liabilities | 2,731 | 6,255 |
Notes and accounts payable - trade | 10,945 | 5,116 |
Income taxes payable | 179 | 288 |
Other current liabilities | 6,241 | 4,071 |
Total current liabilities | 20,098 | 15,730 |
Total liabilities | 67,115 | 59,235 |
Net assets | ||
Shareholders' equity | ||
Share capital | 5,268 | 5,268 |
Capital surplus | 1,239 | 1,248 |
Retained earnings | 56,870 | 57,137 |
Treasury shares | (0) | (0) |
Total shareholders' equity | 63,378 | 63,655 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale | 2,406 | 2,566 |
securities | ||
Deferred gains or losses on hedges | 121 | 121 |
Foreign currency translation adjustment | 719 | 911 |
Remeasurements of defined benefit plans | 503 | 504 |
Total accumulated other comprehensive income | 3,750 | 4,103 |
Non-controlling interests | 3,384 | 3,370 |
Total net assets | 70,512 | 71,129 |
Total liabilities and net assets | 137,628 | 130,364 |
Quarterly Consolidated Statements of Income and Comprehensive Income | ||
Quarterly Consolidated Statements of Income (For the three months) | ||
(Millions of yen) | ||
For the three months | For the three months | |
ended June 30, 2023 | ended June 30, 2024 | |
Net sales | 23,835 | 22,177 |
Cost of sales | 15,255 | 14,530 |
Gross profit | 8,580 | 7,646 |
Selling, general and administrative expenses | 6,436 | 6,333 |
Operating profit | 2,143 | 1,312 |
Non-operating income | ||
Interest income | 1 | 1 |
Dividend income | 103 | 120 |
Miscellaneous income | 97 | 156 |
Total non-operating income | 202 | 279 |
Non-operating expenses | ||
Interest expenses | 49 | 46 |
Share of loss of entities accounted for using equity | 190 | 226 |
method | ||
Miscellaneous expenses | 57 | 76 |
Total non-operating expenses | 296 | 350 |
Ordinary profit | 2,049 | 1,241 |
Profit before income taxes | 2,049 | 1,241 |
Income taxes - current | 459 | 252 |
Income taxes - deferred | 202 | 224 |
Total income taxes | 661 | 476 |
Profit | 1,387 | 764 |
Profit attributable to non-controlling interests | 114 | 86 |
Profit attributable to owners of parent | 1,272 | 678 |
Quarterly Consolidated Statements of Comprehensive Income (For the three months)
(Millions of yen) | ||
For the three months | For the three months | |
ended June 30, 2023 | ended June 30, 2024 | |
Profit | 1,387 | 764 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 458 | 159 |
Deferred gains or losses on hedges | 91 | (0) |
Remeasurements of defined benefit plans, net of tax | 12 | 1 |
Share of other comprehensive income of entities | 5 | 192 |
accounted for using equity method | ||
Total other comprehensive income | 568 | 354 |
Comprehensive income | 1,956 | 1,118 |
Comprehensive income attributable to |
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests
1,841 | 1,031 |
114 | 86 |