Nippon Gas Co., Ltd.
Fiscal Year Ending March 2027 Q2 (Interim) Financial Summary [Japanese GAAP] (Consolidated)
For the interim period of the fiscal year ending March 2027, net sales were 97,585 million yen, operating income was 4,395 million yen, ordinary income was 4,326 million yen, and net income attributable to owners of parent was 2,903 million yen. Net sales increased 10.6% year-on-year, but operating income decreased -12.0% and ordinary income decreased -14.1% due to margin compression in the electricity business and higher raw material costs. The full-year earnings guidance remains unchanged from the previous announcement. Dividend presentation reflects the stock split implemented in fiscal 2026. Reportable segments are LP Gas, Electricity, City Gas, and Platform, with the Platform segment newly established due to its increased importance.
Key Figures
- Net Sales: 97,585 million yen (Year-on-Year +10.6%)
- Operating Income: 4,395 million yen (Year-on-Year -12.0%)
- Net Income Attributable to Owners of Parent (interim): 2,903 million yen (Year-on-Year -15.6%)
AI要約
Overview of Results
Consolidated net sales for the interim period were 97,585 million yen, an increase of 10.6% year-on-year. However, operating income declined -12.0% and ordinary income declined -14.1% due to a significant contraction in profitability in the electricity business and increased raw material costs driven by surging fuel prices. The LP Gas and Platform businesses remained solid and expanded. Growth in LP gas sales volume and household demand, along with higher gross profit from equipment and construction, contributed positively. Conversely, the electricity business was pressured by summer supply-demand conditions and intensified price competition.
Outlook and Capital Policy
The full-year forecast remains unchanged from the prior announcement, although differences between interim results and underlying assumptions should be noted. By segment, the Platform business has grown in importance and has been established as a new reportable segment. From a financial perspective, the company will prioritize capital efficiency using ROE and ROIC as KPIs. The equity ratio stands at 43.2% and the debt-to-equity ratio is 0.8x. Shareholder returns are presented reflecting the impact of the stock split.
Net Sales Trend
Operating Income Trend
Guidance vs. Actual Comparison
Nippon Gas Co., Ltd.
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