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

Performance Overview

During the consolidated cumulative third quarter period of the fiscal year ending March 2026, net sales increased 8.2% year-on-year to JPY 190,037 million. This was driven by increased sales volume in the electricity sales business and a higher number of condominium units sold in the real estate business. Operating income rose significantly by 141.4% YoY to JPY 7,391 million, ordinary income increased 120.6% YoY to JPY 8,642 million, and net income attributable to owners of parent for the quarter surged 150.9% YoY to JPY 5,988 million. By segment, although sales in the gas business decreased 2.2% YoY, segment profit turned positive due to reduced depreciation expenses at the Hibiki LNG terminal. Both the electricity and other energy business and the real estate business posted substantial increases in sales and profits. Meanwhile, the LPG business saw its loss margin narrow but remained in the red.

Financial Position and Revision to Earnings Guidance

At the end of the third quarter of the fiscal year ending March 2026, total assets stood at JPY 452,338 million, an increase of JPY 4,564 million compared to the previous fiscal year-end, and net assets totaled JPY 118,271 million, up JPY 6,561 million. The equity ratio rose to 24.3%. The number of issued shares remained steady at 37,187,567 shares, while the number of treasury shares increased. The full-year consolidated earnings forecast was revised upward reflecting increased revenues and profits in the electricity and other energy business, with net sales projected at JPY 260,000 million (up 1.6% from the previous forecast), operating income at JPY 11,500 million (up 9.5%), and net income attributable to owners of parent at JPY 8,000 million (up 14.3%). There is no change in the dividend forecast.