Worth reading
50Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
14.2
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 January 2026–31 March 2026ConsolidatedJapanese GAAPNet Sales53,788¥ millionYear on year -4.1%Progress 26.7%
Operating profit5,281¥ millionYear on year +14.2%Progress 54.9%
Ordinary income5,760¥ millionYear on year +22.5%Progress 55.3%
Net income attributable to owners of the parent3,619¥ millionYear on year +20.6%Progress 39.7%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥48.03
Financial position at period-end
Total assets191,202¥ million
of which net assets 143,590 ¥ millionEquity ratio 71.9%vs. prior year-end +4.9pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Segment revenue
Gas40,08083.4%
LPG and other energy7,95316.6%
Segment profit
Gas5,18585.9%
LPG and other energy84814.1%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥201,130 million (YoY 0.0%)
Operating profit¥9,620 million (YoY -31.6%)
Ordinary income¥10,420 million (YoY -29.4%)
Net income¥9,110 million (YoY -9.3%)
Revision to Earnings ForecastNo
Annual Dividend Forecast43 yen → 44 yen
Factors Behind Changes in Business Performance
Downward adjustments to gas selling prices under the raw material cost adjustment system, a decline in gas sales volumes, and lower cost of sales resulting from the receipt of prepaid LNG, among other factors
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNewly consolidated: 0 companies; excluded from consolidation: 0 companies (material changes to the scope of consolidation during the period: None)
Material subsequent eventsThe company decided to invest US$100 million in MidOcean Energy, an LNG company, through an EIG-managed fund and establish a strategic partnership. A memorandum of understanding was signed on 22 April 2026.
Depreciation and amortization¥2,367 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone (対象者：Not disclosed)
Issued Shares at Period-End76,192,950
Treasury Shares at Period-End839,983
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–31 March 2026 |
| Net Sales | ¥53,788 million (YoY -4.1%) |
| Operating profit | ¥5,281 million (YoY +14.2%) |
| Ordinary income | ¥5,760 million (YoY +22.5%) |
| Profit attributable to owners of the parent | ¥3,619 million (YoY +20.6%) |
| Net income per share | ¥48.03 |
| Equity ratio | End of the current fiscal period 71.9 / End of previous period 67 |
| Total assets | ¥191,202 million |
| Net assets | ¥143,590 million |
| Full-year earnings forecast | Net Sales ¥201,130 million (YoY 0.0%) / Operating profit ¥9,620 million (YoY -31.6%) / Ordinary income ¥10,420 million (YoY -29.4%) / Net income ¥9,110 million (YoY -9.3%) |
| Revision to Earnings Forecast | No |
| Annual Dividend Forecast | 43 yen → 44 yen |
| Segment revenue | Gas ¥40,080 million / LPG and other energy ¥7,953 million |
| Segment profit | Gas ¥5,185 million / LPG and other energy ¥848 million |
| Depreciation and amortization | ¥2,367 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | Newly consolidated: 0 companies; excluded from consolidation: 0 companies (material changes to the scope of consolidation during the period: None) |
| Material subsequent events | The company decided to invest US$100 million in MidOcean Energy, an LNG company, through an EIG-managed fund and establish a strategic partnership. A memorandum of understanding was signed on 22 April 2026. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | None (対象者：Not disclosed) |
| Issued Shares at Period-End | 76,192,950 |
| Treasury Shares at Period-End | 839,983 |
| Factors Behind Changes in Business Performance | Downward adjustments to gas selling prices under the raw material cost adjustment system, a decline in gas sales volumes, and lower cost of sales resulting from the receipt of prepaid LNG, among other factors |
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossBreakdown of extraordinary income (loss)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Net sales decreased due to downward adjustments to gas selling prices under the raw material cost adjustment system and a decline in gas sales volumes, among other factors. Operating profit increased primarily because the receipt in the first quarter of LNG for which only the costs had been prepaid in fiscal 2021, in response to the sharp decline in demand, reduced cost of sales.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.