Fiscal Year Ending March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Performance Overview

Consolidated results for the third quarter of the fiscal year ending March 2026 showed net sales of 141,959 million yen (up 2.9% YoY), operating income of 11,010 million yen (up 30.3% YoY), ordinary income of 11,051 million yen (up 28.9% YoY), and net income attributable to owners of parent of 7,626 million yen (up 29.2% YoY). Growth in gross profit in the electricity segment and reductions in selling, general and administrative expenses contributed to increased profits. Although gross profit declined in the LP gas segment, gains in equipment, construction, and platform businesses offset the decrease. In the electricity segment, increased sales volume and favorable fuel price trends had a positive impact, while gross profit in the city gas segment remained almost flat due to energy-saving initiatives by major customers.

Financial Position and Cash Flows

Total assets stood at 153,646 million yen, net assets at 62,863 million yen, and equity ratio was 40.6%, with net assets decreased compared to the previous year. Cash flow from operating activities was an inflow of 13.5 billion yen, outflows from investing activities amounted to 4.7 billion yen, and outflows from financing activities totaled 11.3 billion yen, resulting in free cash flow of 8.8 billion yen. The company actively conducted shareholder returns including share buybacks.

Dividends and Earnings Guidance

The annual dividend forecast for the fiscal year ending March 2026 is 103.00 yen per share (up YoY), with the second quarter-end dividend at 51.50 yen. The full-year earnings guidance projects operating income of 20,000 million yen (up 7.8% YoY), ordinary income of 20,000 million yen (up 7.6% YoY), and net income attributable to owners of parent of 14,000 million yen (up 21.2% YoY), with no changes to the outlook.