Shizuoka Gas : Flash Report for the First Half of 2022

Flash Report for the First Half of 2022 [Japan GAAP](Consolidated)

August 3, 2022

Company Name: SHIZUOKA GAS CO., LTD.

Listing: Tokyo Stock Exchange

Code Number:

9543

URL:

https://ir.shizuokagas.co.jp/en/

Representative:

Kishida Hiroyuki, Representative Director and President

Contact:

Taniguchi Katsumi, Accounting and Finance Manager, Management Planning Dept.

Telephone:

[phone]

Date for presentation of the quarterly report:

August 9, 2022

Date of dividend payment:

September 1, 2022

Preparation of supplemental explanatory materials: Yes

Holding of quarterly results briefing session:

Yes (for institutional investors)

1. Consolidated Business Results for the First Half (January 1 through June 30, 2022)

(Amounts under one million yen are omitted; YoY % change)

(1) Operating Results

Net sales

Operating profit

Ordinary profit

(¥ million)

(¥ million)

(¥ million)

Reporting First Half

94,795

51.7%

7,962

(44.7%

8,835

((36.2%

Previous First Half

62,480

(((6.3)

5,500

( (97.3

6,487

((123.9

Note: Total comprehensive income

(¥ million)

Reporting First Half: 7,063 (20.6%)

Previous First Half: 5,858 (－%)

Profit attributable to owners

Profit

Diluted profit

of parent (¥ million)

per share (¥)

per share (¥)

Reporting First Half

((((5,961

(（37.7%

80.42

80.30

Previous First Half

(4,330

(423.0

58.46

58.36

(2) Financial Position

Total assets

Net assets

Equity ratio

(¥ million)

(¥ million)

(%)

Reporting First Half

129,370

98,636

71.7

Previous full term

123,996

92,150

69.6

Note: Net assets excluding share

acquisition rights and non-

controlling interests (¥ million)

Reporting First Half: 92,793

Previous full term: 86,308

2. Dividend Payment

Annual dividend per share (¥)

1Q

2Q

3Q

Term-end

Total

FY 2021

-

9.00

-

9.00

18.00

FY 2022

-

9.50

/

/

/

FY 2022(forecast)

/

/

-

9.50

19.00

Note: Revision of previously announced dividend forecast: No

3. Consolidated Business Forecast for Current Term (January 1 through December 31, 2022)

(Amounts under one million yen are omitted; YoY % change)

Net sales	Operating profit	Ordinary profit	Profit attributable to	Profit per
owners of parent
(¥ million)	(¥ million)	(¥ million)	share (¥)
(¥ million)

Full term	206,750 55.5%	5,190	4.0%	6,590	1.8%	3,960 (3.8)%	53.41
Note: Revision of previously announced consolidated business forecast: Yes

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※Notes

(1) Major changes in subsidiaries: No

Note: Transfer of specified subsidiaries during the reporting First Half resulting in changes in the scope of consolidation

1. Simplified accounting and special accounting methods for quarterly financial reporting: Yes
   (Please refer to the section "(4) Notes Application of Special Accounting Methods in Preparation of Quarterly Consolidated Financial Statements" on P8)
2. Changes in accounting policies, estimates, or retrospective restatements

1. Changes in accounting policies due to revisions of accounting standards: Yes
2. Other: No
3. Changes in accounting estimates: No
4. Retrospective restatements: No

1. Number of issued shares (ordinary shares)

1. Number of shares issued at end of period (including treasury shares)

Reporting First Half:	76,192,950
Previous full term:	76,192,950
b) Number of treasury shares at end of period
Reporting First Half:	2,043,810
Previous full term:	2,090,713

c) Average number of shares outstanding during the term

Reporting First Half:	74,124,877
Previous First Half:	74,073,290

Quarterly Review

Quarterly financial results are exempt from quarterly review.

Notes on proper use of forecast, and other matters

Business forecast and other forward-looking statements contained in this document are assumptions based on information available to the company and judgments deemed rational at the time this document was published. Forward-looking statements are not a guarantee that forecast will be achieved. Actual earnings may differ significantly from business forecast due to various factors.

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Quarterly Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets

				(Million yen)
			As of December 31,2021	As of June 30,2022
Assets
	Non-current assets
		Property, plant and equipment
		Production facilities	4,736	4,386
		Distribution facilities	33,926	34,063
		Service and maintenance facilities	6,000	5,876
		Other facilities	7,984	8,729
		Construction in progress	2,343	2,781
		Total property, plant and equipment	54,992	55,837
		Intangible assets	1,266	1,789
		Investments and other assets
		Investment securities	10,113	13,610
		Long-term loans receivable	4,030	3,704
		Deferred tax assets	703	597
		Other investments	1,937	2,141
		Allowance for doubtful accounts	(71)	(71)
		Total investments and other assets	16,713	19,982
		Total non-current assets	72,972	77,609
	Current assets
		Cash and deposits	13,658	18,597
		Notes and accounts receivable - trade	15,013	-
		Notes and accounts receivable - trade, and contract	-	17,263
		assets
		Merchandise and finished goods	565	673
		Raw materials and supplies	9,193	12,515
		Accounts receivable - other	10,478	424
		Other current assets	2,167	2,328
		Allowance for doubtful accounts	(53)	(41)
		Total current assets	51,024	51,761
	Total assets	123,996	129,370

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			(Million yen)
		As of December 31,2021	As of June 30,2022
Liabilities
	Non-current liabilities
	Long-term borrowings	5,124	4,807
	Deferred tax liabilities	389	350
	Retirement benefit liability	2,739	2,647
	Other noncurrent liabilities	98	191
	Total non-current liabilities	8,352	7,997
	Current liabilities
	Current portion of non-current liabilities	1,500	1,308
	Accounts payable - trade	15,189	10,987
	Short-term borrowings	-	1,570
	Accounts payable - other	1,882	2,325
	Income taxes payable	1,724	3,371
	Provision for bonuses	411	405
	Other current liabilities	2,784	2,768
	Total current liabilities	23,494	22,737
	Total liabilities	31,846	30,734
Net assets
	Shareholders' equity
	Share capital	6,279	6,279
	Capital surplus	4,984	5,003
	Retained earnings	72,403	78,290
	Treasury shares	(1,062)	(1,038)
	Total shareholders' equity	82,604	88,534
	Accumulated other comprehensive income
	Valuation difference on available-for-sale securities	2,938	3,619
	Deferred gains or losses on hedges	320	34
	Foreign currency translation adjustment	(59)	150
	Remeasurements of defined benefit plans	503	454
	Total accumulated other comprehensive income	3,703	4,258
	Share acquisition rights	91	85
	Non-controlling interests	5,749	5,757
	Total net assets	92,150	98,636
Total liabilities and net assets	123,996	129,370

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1. Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

Consolidated Statements of Income

		(Million yen)
	For the six months	For the six months
	ended June 30,2021	ended June 30,2022
Net sales	62,480	94,795
Cost of sales	43,439	72,795
Gross profit	19,041	22,000
Selling, general and administrative expenses	13,540	14,037
Operating profit	5,500	7,962

Non-operating income

Interest income

Dividend income

Share of profit of entities accounted for using equity method

Miscellaneous income

Total non-operating income

Non-operating expenses

42	43
542	295
275	402
198	263
1,058	1,004

Interest expenses	37	43
Foreign exchange losses	22	50
Miscellaneous expenses	12	37
Total non-operating expenses	72	131
Ordinary profit	6,487	8,835
Profit before income taxes	6,487	8,835
Income taxes	1,623	2,317
Profit	4,863	6,518
Profit attributable to non-controlling interests	533	556
Profit attributable to owners of parent	4,330	5,961

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