Tokyo Gas lowered its current-year ordinary profit forecast from the previous ¥173.0 billion to ¥160.0 billion. It also released first-half results and the second-half outlook.
The results were released during the afternoon session on 29 October. Consolidated ordinary profit for the latest period, July–September (the second quarter), was ¥58.3 billion, up 2.0 times year on year. Revenue and the operating margin improved year on year, and first-half results were released accordingly.
The full-year ordinary profit forecast was lowered from the previous ¥173.0 billion to ¥160.0 billion, with the decline expected to widen. Meanwhile, the full-year consolidated net profit forecast was raised from ¥137.0 billion to ¥140.0 billion, with the decline rate expected to narrow.
For the second half, consolidated ordinary profit for October–March was estimated at ¥52.0 billion, a substantial decline from the same period of the previous year.