Profit decline due to higher SG&A expenses, including depreciation
First written in FY2019-Q1. 3 of 13 entries say "Restated". Latest entry: 2026-07-30.
Hokkaido Gas moved to the "Worse" side of this theme in 2026.
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2026-H1Profit growth despite increased strategic expensesAnnual report
「Although strategic expenses in areas including smart meters and digital transformation increased, ordinary profit increased 40.3% year on year to ¥6,863 million due to increased gas and electricity sales volumes and other factors. Interim net profit attributable to owners of the parent increased 40.6% to ¥4,899 million.」
Strategic expenses, including those for smart meters and DX, increased, but ordinary profit and interim net income also increased due to higher sales volume and other factors. - FY2025-H1Decline in profit due to increased strategic expensesAnnual report
「Although residential electricity sales volumes increased, ordinary profit decreased 21.4% year on year to ¥4,892 million due to increased strategic expenses, including system-related costs. Interim net profit attributable to owners of the parent decreased 21.4% to ¥3,485 million.」
The increase in strategic expenses, including system-related costs, was newly identified as a factor behind the 21.4% declines in ordinary profit and interim net profit attributable to owners of the parent. - FY2024-Q3AdvancedAnnual report
「Ordinary profit rose 88.2% year on year to ¥6,941 million, owing to increased gas sales volumes, growth in the number of residential customers and sales volumes in the electricity business, the results of raw material procurement initiatives and progress in operational reforms, among other factors. Net profit attributable to owners of the parent rose 66.9% to ¥4,870 million.」
The results of initiatives to procure raw materials and the promotion of operational reforms were cited as factors behind substantial increases in ordinary profit and net profit. - FY2024-Q1AdvancedAnnual report
「Ordinary profit increased 49.4% year on year to ¥5,364 million, due to increased low-voltage electricity sales volumes, the results of initiatives to procure raw materials, and the promotion of operational reforms. Net profit attributable to owners of the parent increased 47.3% to ¥3,833 million.」
Ordinary profit increased 49.4% year on year due to the results of initiatives to procure raw materials and the promotion of operational reforms, indicating progress in improving profit from the previous situation in which higher expenses had reduced profit. - FY2021-Q3MitigatedAnnual report
「Despite a decrease in revenue, operating profit increased 2.5% year on year to ¥188 million, mainly due to the effects of reducing expenses through lower gas raw material costs and greater efficiency across expenses.」
Despite lower revenue, operating profit increased 2.5% year on year due to lower raw material costs and greater efficiency across expenses. - FY2021-Q2MitigatedAnnual report
「Despite a decrease in revenue, operating profit increased 34.5% year on year to ¥794 million, reflecting efforts to reduce gas raw material costs and improve efficiency across expenses.」
Operating profit increased 34.5% year on year despite lower revenue, due to lower raw material costs and greater efficiency across expenses. - FY2020-Q1RestatedAnnual report
「Ordinary profit increased 91.5% year on year to ¥2,511 million, reflecting increased revenue from the gas and electricity businesses, higher profit from appliance sales, and the results of rationalization and efficiency improvements across management.」
Continued to disclose rationalization and efficiency improvements as factors behind the increase in ordinary profit, together with the increase in ordinary profit for the current quarter. - FY2019MitigatedAnnual report
「As a result of advancing rationalization and efficiency improvements across management, ordinary profit increased 45.0% from the previous consolidated fiscal year to ¥4,222 million.」
The full-year results showed an increase in ordinary profit through rationalization and efficiency improvements, following a period in which increased expenses, including depreciation, had reduced quarterly profit. - FY2019-Q3RestatedAnnual report
「Despite increased revenue from the gas and electricity businesses, ordinary profit decreased 36.3% year on year to ¥175 million, mainly because supply and sales expenses and general and administrative expenses, including depreciation, increased.」
Although gas and electricity revenue increased, the increase in supply and sales expenses and general and administrative expenses, including depreciation, was a factor behind the decline in ordinary profit. - FY2019-Q2RestatedAnnual report
「Ordinary profit decreased 17.0% year on year to ¥718 million, mainly because supply and sales expenses, including depreciation, and general and administrative expenses increased.」
Although revenue increased, the increase in supply and sales expenses and general and administrative expenses, including depreciation, was a factor behind the decline in ordinary profit. - FY2019-Q1First statedAnnual report
「Ordinary profit decreased 17.9% year on year to ¥1,312 million, mainly because selling, general and administrative expenses, including depreciation, increased. Net profit attributable to owners of the parent decreased 19.7% to ¥949 million.」
Although revenue increased, the increase in selling, general and administrative expenses, including depreciation, was identified for the first time as a factor behind the decreases in ordinary profit and quarterly net profit attributable to owners of the parent.