[Saibu Gas] 2027 Q1 Financial Results | Revenue of 6.06 billion yen (△10.2%)

Performance Overview

Saibu Gas's Q1 FY2027 (March 2027) results show sales revenue of 6.06 billion yen (△10.2%), operating income of 405 million yen (△26.0%), and net income of 515.6 million yen (45.9% increase). The decline in sales revenue and operating income was due to reduced sales volume of gas and pricing adjustments, but net income increased significantly owing to higher dividends received and increased dividend income. Segment-wise, the decline in sales volume in the gas segment was the main cause. While overall profitability was compressed, net income shows an upward trend.

Future Outlook and Impact on Shareholders

The full-year earnings forecast remains unchanged, projecting revenue of 253.0 billion yen (△3.4%) and net income of 8.0 billion yen (11.9% increase). The dividend per share will be maintained at the conventional 70 yen (35 yen × 2 times), with no specific announcement regarding share buybacks or capital policies. Attention should be paid to seasonal fluctuations, crude oil prices, and exchange rate movements, but shareholder returns are expected to be solid due to increased net income.