Worth reading
58In focus
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
-10.4
% (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 January 2026–30 June 2026ConsolidatedJapanese GAAPNet Sales103,066¥ millionYear on year -0.5%Progress 51.2%
Operating profit8,828¥ millionYear on year -10.4%Progress 91.8%
Ordinary income9,895¥ millionYear on year +6.2%Progress 95.0%
Net income attributable to owners of the parent6,540¥ millionYear on year -2.9%Progress 71.8%
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¥86.77
Financial position at period-end
Total assets194,930¥ million
of which net assets 147,450 ¥ millionEquity ratio 72.5%vs. prior year-end +5.5pt
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.
Cash inflows and outflows
Operating+5,891
Investment-6,788
Financials-4,837
Net change-5,734
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥27,011 million
Segment revenueSegment Gas / Current interim period ¥76,276 million / Prior-year period ¥81,914 million / Year on year against the same period last year Not disclosed, Segment LPG and Other Energy / Current interim period ¥16,066 million / Prior-year period ¥15,323 million / Year on year against the same period last year Not disclosed, Segment Other (non-reportable segments) / Current interim period ¥10,723 million / Prior-year period ¥6,369 million / Year on year against the same period last year Not disclosed
Segment profitSegment Gas / Current interim period ¥8,946 million / Prior-year period ¥10,334 million / Year on year against the same period last year Not disclosed, Segment LPG and Other Energy / Current interim period ¥1,686 million / Prior-year period ¥1,269 million / Year on year against the same period last year Not disclosed, Segment Other (non-reportable segments) / Current interim period ¥129 million / Prior-year period ¥306 million / Year on year against the same period last year Not disclosed
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 revision
Annual Dividend Forecast¥43 → ¥45
Factors Behind Changes in Business Performance
The consolidation of Good Living Co., Ltd. and other subsidiaries and the launch of operations by SHIZUOKA GAS AMERICA.CO contributed to higher revenue, while downward adjustments to gas selling prices under the raw material cost adjustment system and other factors resulted in lower revenue and operating income. Ordinary income increased due to the recognition of gains on investments in silent partnerships due to foreign exchange effects and 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 consolidationMaterial changes No / New Not disclosed / Excluded Not disclosed / Company name Not disclosed
Material subsequent eventsOn 30 July 2026, the Company invested US$62 million as part of its investment in LNG business operator MidOcean Energy. The impact on consolidated results for the fiscal year ending December 2026 is currently under review.
Impairment lossNone recorded for the interim period
Breakdown of extraordinary income (loss)No extraordinary income or extraordinary loss was recognized during the interim period
Depreciation and amortization¥4,722 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors)
Issued Shares at Period-End76,192,950
Treasury Shares at Period-End786,821
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–30 June 2026 |
| Net Sales | ¥103,066 million (YoY -0.5%) |
| Operating profit | ¥8,828 million (YoY -10.4%) |
| Ordinary income | ¥9,895 million (YoY +6.2%) |
| Profit attributable to owners of the parent | ¥6,540 million (YoY -2.9%) |
| Net income per share | ¥86.77 |
| Equity ratio | End of the current fiscal period 72.5 / End of previous period 67 |
| Total assets | ¥194,930 million |
| Net assets | ¥147,450 million |
| Cash flows from operating activities | ¥5,891 million |
| Cash flows from investing activities | ¥-6,788 million |
| Cash flows from financing activities | ¥-4,837 million |
| Cash and cash equivalents at end of period | ¥27,011 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 revision |
| Annual Dividend Forecast | ¥43 → ¥45 |
| Segment revenue | Segment Gas / Current interim period ¥76,276 million / Prior-year period ¥81,914 million / Year on year against the same period last year Not disclosed, Segment LPG and Other Energy / Current interim period ¥16,066 million / Prior-year period ¥15,323 million / Year on year against the same period last year Not disclosed, Segment Other (non-reportable segments) / Current interim period ¥10,723 million / Prior-year period ¥6,369 million / Year on year against the same period last year Not disclosed |
| Segment profit | Segment Gas / Current interim period ¥8,946 million / Prior-year period ¥10,334 million / Year on year against the same period last year Not disclosed, Segment LPG and Other Energy / Current interim period ¥1,686 million / Prior-year period ¥1,269 million / Year on year against the same period last year Not disclosed, Segment Other (non-reportable segments) / Current interim period ¥129 million / Prior-year period ¥306 million / Year on year against the same period last year Not disclosed |
| Depreciation and amortization | ¥4,722 million |
| Impairment loss | None recorded for the interim period |
| Breakdown of extraordinary income (loss) | No extraordinary income or extraordinary loss was recognized during the interim period |
| 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 | Material changes No / New Not disclosed / Excluded Not disclosed / Company name Not disclosed |
| Material subsequent events | On 30 July 2026, the Company invested US$62 million as part of its investment in LNG business operator MidOcean Energy. The impact on consolidated results for the fiscal year ending December 2026 is currently under review. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors) |
| Issued Shares at Period-End | 76,192,950 |
| Treasury Shares at Period-End | 786,821 |
| Factors Behind Changes in Business Performance | The consolidation of Good Living Co., Ltd. and other subsidiaries and the launch of operations by SHIZUOKA GAS AMERICA.CO contributed to higher revenue, while downward adjustments to gas selling prices under the raw material cost adjustment system and other factors resulted in lower revenue and operating income. Ordinary income increased due to the recognition of gains on investments in silent partnerships due to foreign exchange effects and other factors. |
Items this document does not state (5)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlog
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.The consolidation of Good Living Co., Ltd. and other subsidiaries, as well as the launch of operations by SHIZUOKA GAS AMERICA.CO, contributed to higher revenue. However, downward adjustments to gas selling prices under the raw material cost adjustment system and other factors led to lower revenue and operating income. The increase in ordinary income was attributable to the recognition of gains on investments in silent partnerships due to foreign exchange effects and other factors.
How to read this page
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