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

Performance Overview

Consolidated results for the fiscal year ending March 2026 were net sales of JPY 2,834.7 billion (up 7.5% YoY), operating income of JPY 197.6 billion (up 48.5% YoY), ordinary income of JPY 193.7 billion (up 70.5% YoY), and net income attributable to owners of parent of JPY 226.8 billion (up 205.8% YoY). Urban gas sales volume decreased overall due to lower demand in general industrial use despite an increase in household use, impacted by lower temperatures. Electricity sales increased due to a rise in retail contracts and wholesale demand. Recorded special gains included JPY 48.7 billion from fixed asset sales, JPY 11.9 billion from investment securities sales, and JPY 68.0 billion from foreign currency translation adjustments. Impairment losses of JPY 30.1 billion were recorded as special losses.

Segment Performance

The Energy Solutions segment reported net sales of JPY 2,486.1 billion, operating expenses of JPY 2,336.3 billion, and segment profit of JPY 150.2 billion. The Network segment recorded net sales of JPY 334.4 billion, operating expenses of JPY 330.3 billion, and segment profit of JPY 4.1 billion. The Overseas segment posted net sales of JPY 241.4 billion, operating expenses of JPY 170.7 billion, and segment profit of JPY 73.8 billion. The Urban Business segment had net sales of JPY 73.4 billion, operating expenses of JPY 63.5 billion, and segment profit of JPY 9.7 billion.

Outlook for Fiscal Year Ending March 2027

The consolidated earnings forecast for the fiscal year ending March 2027 anticipates net sales of JPY 2,947.0 billion (up 4.0% YoY), operating income of JPY 186.0 billion (down 5.9% YoY), ordinary income of JPY 173.0 billion (down 10.7% YoY), and net income attributable to owners of parent of JPY 137.0 billion (down 39.6% YoY). Urban gas sales volume is expected to decline due to reduced demand from energy conservation efforts and decreased demand for power generation. Electricity sales volume is projected to increase due to growth in wholesale customers. Exchange rate assumptions are JPY 155 per USD, and crude oil price assumptions are USD 85 per barrel.

Dividend Policy

At the board meeting held on April 28, 2026, a year-end dividend of JPY 60 per share was resolved. Including an interim dividend of JPY 50, the annual dividend will be JPY 110 per share. The dividend forecast for the next fiscal year is an annual dividend of JPY 120 (including an interim dividend of JPY 60).