Keiyo Gas Co., Ltd.
Notice Regarding Recording of Extraordinary Loss and Revision of Earnings Forecast
An extraordinary loss of 1,500 million yen related to contract termination settlement payments is planned. The consolidated full-year earnings forecast for the fiscal year ending December 2026 is revised: net sales increased by 2,800 million yen from the previous forecast to 122,800 million yen; operating income revised to 2,700 million yen; ordinary income revised to 3,800 million yen; and net income attributable to owners of parent revised to 1,800 million yen. Due to the raw material cost adjustment mechanism, gas sales prices rise, but a timing lag in pass-through of higher raw material costs is expected to depress profits. Assumptions for crude oil price and FX are revised from October onward to 100$/bbl and 160 yen/$, respectively.
Key Figures
- Net Sales: 122,800 million yen (vs. previous forecast +2,800 million yen)
- Operating Income: 2,700 million yen (vs. previous forecast -200 million yen)
- Ordinary Income: 3,800 million yen (vs. previous forecast -200 million yen)
AI要約
Recording of Extraordinary Loss and Earnings
Keiyo Gas Co., Ltd. resolved at a Board of Directors meeting to terminate contracts with some procurement partners in its electricity retail business and plans to record 1,500 million yen as an extraordinary loss for contract termination settlement payments. In addition, the consolidated full-year earnings forecast for the fiscal year ending December 2026 has been revised: net sales to 122,800 million yen (vs. previous forecast +2,800 million yen), operating income to 2,700 million yen, ordinary income to 3,800 million yen, and net income attributable to owners of parent to 1,800 million yen.
Outlook and Cost Factors
While the raw material cost adjustment mechanism will push up gas sales prices in response to rising raw material prices, there is expected to be a timing lag in the pass-through of higher gas raw material costs that will depress profits. This revision is attributable to that timing lag. Assumptions are set from October 2026 onward at a crude oil price of 100$/bbl and an exchange rate of 160 yen/$ (the assumption was raised to 100$/bbl from August 2026 and maintains the exchange rate at 160 yen/$).
Keiyo Gas Co., Ltd.
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