Hokuriku Gas raised its consolidated earnings forecast for the fiscal year ending March 2027. The company said costs for replacing aging gas pipes are expected to come in below plan and that net income is also expected to exceed the previously announced ¥1.83 billion.
Hokuriku Gas announced on the 5th that it had raised its consolidated earnings forecast for the fiscal year ending March 2027. The revision reflects expectations that construction costs for replacing aging gas pipes will come in below plan. As a result, the forecast is expected to exceed the figures initially announced.
Previously announced net income was ¥1.83 billion, but the company indicated that its earnings outlook for the period is expected to be raised as a result of lower construction costs. The specific new figures for the upward revision were not included in the article, and further disclosure is awaited.
Hokuriku Gas is based in Chuo Ward, Niigata City, and lower gas-pipe replacement costs have been cited as a factor improving profit. Further information is expected to focus on the date of the final earnings release and the new forecast figures.