Nippon Gas Co., Ltd.
Fiscal Year Ending March 2027 Second Quarter Earnings Presentation (October 29, 2026)
First-half results for FY ending March 2027: gross profit +100 million yen, operating profit +300 million yen, net profit +100 million yen. For the second half, an impact from rising fuel prices for electricity is assumed, while LP gas and city gas are expected to see margin improvements. Consolidated full-year gross profit is maintained at 75.5 billion yen and operating profit at 20.0 billion yen. Capital policy focuses on improving ROE/ROIC and strengthening the dividend policy. Share buybacks will be executed flexibly.
Key Figures
- First-half net sales for the fiscal year ending March 2027: Unknown
- Gross profit: Breakdown equivalent to approximately 27.5 billion yen with contributions from LP gas and equipment, etc.
- Full-year gross profit: 75.5 billion yen, operating profit: 20.0 billion yen, net income: 14.0 billion yen (plan basis)
AI要約
Overview of Performance
In the first half of the fiscal year ending March 2027, gross profit, operating profit, and net income all increased slightly year-over-year. LP gas and city gas contributed due to higher sales volumes and margin improvements, whereas electricity declined due to rising fuel costs and timing differences. Selling, general and administrative expenses were contained within plan. The full-year plan remains unchanged: gross profit of 75.5 billion yen and operating profit of 20.0 billion yen.
Capital Policy and Outlook
The capital policy focuses on improving ROE and ROIC while maintaining an equity ratio of around 40%. The company will uphold its dividend policy and execute share buybacks flexibly. Under the three-year plan, the target is operating profit of 25.0 billion yen in the fiscal year ending March 2029. In the second half, the company will monitor raw material price trends and energy market impacts while continuing efforts to expand the customer base and improve profitability.
Nippon Gas Co., Ltd.
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