Seibu Gas Holdings released its financial results on 29 October. It raised its current-year ordinary income forecast from the previous ¥12.0 billion to ¥15.0 billion and expects profit growth of 19.2%. Ordinary income for the cumulative second quarter of the fiscal year ended March 2021 was ¥8.77 billion, up 60.9% year on year.
Seibu Gas Holdings announced that consolidated ordinary income for the cumulative second quarter (April–September) of the fiscal year ending March 2027 increased 60.9% year on year to ¥8.77 billion.
On the same day, it raised its full-year ordinary income forecast from ¥12.0 billion to ¥15.0 billion, a 25.0% upward revision, and expects profit growth of 19.2%. Ordinary income was ¥12.5 billion in the previous fiscal year.
In the July–September quarter, the latest three-month period, ordinary income turned profitable at ¥1.98 billion, while the operating margin on sales improved from -0.6% to 1.9%. Meanwhile, ordinary income for the second half (October–March) is estimated at approximately ¥6.22 billion.
The revisions to the current-year earnings forecasts include upward revisions to sales, operating profit, ordinary income and net income. The new forecasts are ¥277.0 billion, ¥12.5 billion, ¥15.0 billion and ¥10.0 billion, respectively.