October 28, 2021
Consolidated Financial Results Bulletin for the 2nd Quarter Ended September 30, 2021 (J-GAAP)
Tokyo Gas Co., Ltd.
Securities code: | 9531 | Stock listings: | |||||||||||||
(URL https://www.tokyo-gas.co.jp/IR/english/index.html) | Tokyo Stock Exchange, Nagoya Stock Exchange | ||||||||||||||
Representative: | Mr. UCHIDA Takashi, Representative Corporate | ||||||||||||||
Executive Officer, President and CEO | |||||||||||||||
Contact: | Mr. KOMORI Rikiya, Chief Manager, | Location of head office: Tokyo | |||||||||||||
Consolidated Settlements Sect. | |||||||||||||||
Scheduled date of the filing of quarterly report: | November 15, 2021 | ||||||||||||||
Scheduled date of the start of dividend payments: | November 29, 2021 | ||||||||||||||
Preparation of 2Q earnings presentation material (yes/no): Yes | |||||||||||||||
Holding of 2Q earnings announcement (yes/no): | Yes (for institutional investors) | ||||||||||||||
(Amounts are rounded down to the nearest million yen) | |||||||||||||||
1. Consolidated Performance for 2nd Quarter (from April 1, 2021 to September 30, 2021) | |||||||||||||||
(Unit: million yen) | |||||||||||||||
(1) Consolidated Business Performance | (% of change from the corresponding period of previous year) | ||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||||||
owners of parent | |||||||||||||||
Six months ended | 872,616 | 5.4% | 45,342 | -12.2% | 46,330 | -6.9% | 31,849 | 14.5% | |||||||
Sep. 30, 2021 | |||||||||||||||
Six months ended | 828,071 | -9.1% | 51,671 | 11.9% | 49,787 | 3.0% | 27,822 | -1.9% | |||||||
Sep. 30, 2020 | |||||||||||||||
Note: Total comprehensive income | |||||||||||||||
Six months ended September 30, 2021: 43,092 million yen (115.3%) | Six months ended September 30, 2020: 20,011 million yen (-8.6%) | ||||||||||||||
Profit per share | Diluted profit | ||||||||||||||
per share | |||||||||||||||
Six months ended | 72.42 yen | - | |||||||||||||
Sep. 30, 2021 | |||||||||||||||
Six months ended | 63.09 yen | - | |||||||||||||
Sep. 30, 2020 | |||||||||||||||
Note: As provisional accounting treatments on business combinations were confirmed in the FY2020 ended March 31, 2021, the figures for the six months ended September 30, 2020 reflect the confirmed details of the provisional accounting treatments.
(2) Consolidated Financial Position
(Unit: million yen) | |||||
Total assets | Total net assets | Equity ratio | |||
As of Sep. 30, 2021 | 2,978,177 | 1,206,026 | 39.9% | ||
As of Mar. 31, 2021 | 2,738,348 | 1,178,271 | 42.1% | ||
Reference: Shareholders' equity | |||||
As of September 30, 2021: 1,187,700 million yen | As of March 31, 2021: 1,153,813 million yen |
2. Dividend
Dividend per share (Unit: yen) | |||||||||
End of 1Q | End of 2Q | End of 3Q | End of 4Q | Annual | |||||
FY2020 ended Mar. 31, | - | 30.00 | - | 30.00 | 60.00 | ||||
2021 | |||||||||
FY2021 ending Mar. 31, | - | 30.00 | |||||||
2022 | |||||||||
FY2021 ending Mar. 31, | - | 35.00 | 65.00 | ||||||
2022 (Forecast) | |||||||||
Note: Revision to the dividend forecast that has been disclosed lastly: Yes |
3. Consolidated Results Forecast for FY2021 ending March 31, 2022 (April 1, 2021 - March 31, 2022)
(Unit: million yen) (% of change from the corresponding period of previous year)
Net sales | Operating profit | Ordinary profit | Net profit attributable | Profit | ||||||
to owners of parent | per share | |||||||||
Full-year | 1,970,000 | 11.6% | 100,000 | 28.7% | 93,000 | 31.9% | 67,000 | 35.3% | 152.39 yen | |
Note: Revision to the consolidated results forecast that has been disclosed lastly: Yes
*Notes
-
Significant changes in consolidated subsidiaries (changes in specified subsidiaries resulting in change of scope of consolidation during the quarter) (yes/no): No
Reference: Scope of consolidation and application of equity method
Number of consolidated subsidiaries: 108 (Increased: 2, decreased: 1)
Number of subsidiaries and affiliates accounted for by equity method: 15 - Application of accounting treatment peculiar to quarterly consolidated financial statement preparation (yes/no): Yes
Note: Please see page 9 of the Attachment, "2. Consolidated Financial Statements and Main Notes: (3) Notes on consolidated financial statements (Application of accounting treatment peculiar to quarterly consolidated financial statement preparation)" for details. - Change in accounting policies or estimates and retrospective restatements
- Change in accounting policies in accordance with revision of accounting standards: Yes
- Change in accounting policies other than item 1) above: No
- Change in accounting estimates: No
- Retrospective restatements: No
- Number of issued shares (common stock)
(Unit: share) | |||||||
1) | Number of issued shares at end of period | Sep. 30, 2021 | 440,996,559 | Mar. 31, 2021 | 442,436,059 | ||
(including treasury stock): | |||||||
2) | Number of shares of treasury stock | Sep. 30, 2021 | 1,443,820 | Mar. 31, 2021 | 1,437,924 | ||
at end of period: | |||||||
3) | Average number of shares during period: | Apr. - Sep. 2021 | 439,795,455 | Apr. - Sep. 2020 | 441,009,114 | ||
Note: As the Company introduced a share delivery trust for executives in the second quarter ended September 30, 2021, Company shares held by the trust were included in the treasury stock that was deducted in calculating the number of shares of treasury stock at end of period and the average number of shares during period.
- Quarterly review procedures by a certified public accountant or an audit firm do not apply to quarterly consolidated financial results bulletins.
- Explanation related to appropriate use of results forecasts and other items warranting special mention
-
The consolidated and non-consolidated results forecasts include numerous elements of uncertainty, including the impact of the COVID-19 pandemic. Therefore, the forecasts are subject to drastic changes depending on future developments.
For details of the above forecasts, please refer to "1. Overview of Business Performance, etc. (2) Future outlook" on page
3 of the Attachment. - The information related to this Financial Results will be posted on the Web site of the Company.
-
The consolidated and non-consolidated results forecasts include numerous elements of uncertainty, including the impact of the COVID-19 pandemic. Therefore, the forecasts are subject to drastic changes depending on future developments.
Non-Consolidated Results Forecast for FY2021 ending March 31, 2022 (April 1, 2021 - March 31, 2022)
(Unit: million yen) (% of change from the corresponding period of previous year)
Net sales | Operating profit | Ordinary profit | Net income | Profit | |||||
per share | |||||||||
Full-year | 1,770,000 | 9.7% | 42,000 | -10.8% | 37,000 | -20.9% | 28,000 | -34.1% | 63.68 yen |
Note: Revision to the non-consolidated results forecast that has been disclosed lastly: Yes
Contents of Attachment | ||
1. Overview of Business Performance, etc............................................................................................................................. | 2 | |
(1) | Overview of business performance of the 2nd quarter ............................................................................................ | 2 |
(2) | Future outlook ......................................................................................................................................................... | 3 |
2. Consolidated Financial Statements and Main Notes ........................................................................................................ | 4 | |
(1) | Consolidated balance sheets .................................................................................................................................... | 4 |
(2) | Consolidated statements of income and comprehensive income............................................................................. | 6 |
Consolidated statement of income............................................................................................................................. | 6 | |
(Six months ended September 30, 2021) | ||
Consolidated statement of comprehensive income ................................................................................................... | 7 | |
(Six months ended September 30, 2021) | ||
(3) | Notes on consolidated financial statements............................................................................................................. | 8 |
(Note on going concerns' premise)............................................................................................................................ | 8 | |
(Additional information) ........................................................................................................................................... | 8 | |
(Significant changes in shareholders' equity)............................................................................................................ | 9 | |
(Application of accounting treatment peculiar to quarterly consolidated financial statement preparation) .............. | 9 | |
(Change in accounting policies) .............................................................................................................................. | 10 |
1
1. Overview of Business Performance, etc.
(1) Overview of business performance of the 2nd quarter | |||||||
(Unit: million yen) | |||||||
Gas | Electric | Overseas | Energy- | Real estate | Others | ||
power | related | ||||||
FY2021 | 561,856 | 193,792 | 37,800 | 147,778 | 28,475 | 48,549 | |
(% of total) | (55.2%) | (19.0%) | (3.7%) | (14.5%) | (2.8%) | (4.8%) | |
Sales | FY2020 | 544,060 | 195,558 | 19,164 | 154,163 | 22,930 | 52,428 |
(% of total) | (55.1%) | (19.8%) | (1.9%) | (15.6%) | (2.3%) | (5.3%) | |
Amount of change | 17,796 | -1,766 | 18,636 | -6,385 | 5,545 | -3,879 | |
(Rate of change) | 3.3% | -0.9% | 97.2% | -4.1% | 24.2% | -7.4% | |
FY2021 | 527,420 | 185,592 | 28,895 | 140,999 | 20,304 | 47,805 | |
(% of total) | (55.6%) | (19.5%) | (3.0%) | (14.8%) | (2.1%) | (5.0%) | |
Operating | FY2020 | 496,184 | 182,372 | 16,695 | 148,454 | 19,149 | 50,881 |
expenses | (% of total) | (54.3%) | (20.0%) | (1.8%) | (16.2%) | (2.1%) | (5.6%) |
Amount of change | 31,236 | 3,220 | 12,200 | -7,455 | 1,155 | -3,076 | |
(Rate of change) | 6.3% | 1.8% | 73.1% | -5.0% | 6.0% | -6.0% | |
FY2021 | 34,435 | 8,200 | 10,509 | 6,779 | 8,630 | 786 | |
(% of total) | (49.7%) | (11.8%) | (15.2%) | (9.8%) | (12.4%) | (1.1%) | |
Segment | FY2020 | 47,876 | 13,185 | 1,723 | 5,708 | 4,262 | 1,537 |
profit/loss | (% of total) | (64.5%) | (17.7%) | (2.3%) | (7.7%) | (5.7%) | (2.1%) |
Amount of change | -13,441 | -4,985 | 8,786 | 1,071 | 4,368 | -751 | |
(Rate of change) | -28.1% | -37.8% | 509.9% | 18.8% | 102.5% | -48.9% | |
Notes: |
- Figures for sales include internal transactions. Figures for operating expenses do not include expenses that cannot be allocated to specific segments. Figures for segment profit/loss are adjusted against the amount based on operating profit/loss of consolidated financial statements plus or minus investment income or loss on equity method.
- As provisional accounting treatments on business combinations were confirmed in the FY2020 ended March 31, 2021, the figures for the six months ended September 30, 2020 reflect the confirmed details of the provisional accounting treatments.
- Consolidated City Gas Sales Volume, etc.>
Apr. - Sep. 2021 | Apr. - Sep. 2020 | Change | % change | ||||
No. of customers for city | Thousands | 8,762 | 8,975 | -213 | -2.4 | ||
gas retail sales | |||||||
No. of customers (meters) | Thousands | 12,132 | 12,005 | 127 | 1.1 | ||
volume | Residential | Mil. m3 | 1,135 | 1,242 | -107 | -8.6 | |
Commercial | Mil. m3 | 1,022 | 1,059 | -37 | -3.4 | ||
sales | Industrial | Mil. m3 | 2,838 | 2,469 | 369 | 14.9 | |
Subtotal | Mil. m3 | 3,860 | 3,527 | 333 | 9.4 | ||
gas | |||||||
Supplies to other utilities | Mil. m3 | 724 | 800 | -76 | -9.5 | ||
City | |||||||
Total | 3 | 5,719 | 5,569 | 150 | 2.7 | ||
Mil. m | |||||||
Average temperature | °C | 21.5 | 21.3 | 0.2 | - | ||
Notes: |
- No. of customers for city gas retail sales indicates the number of billed customers for city gas retail sales.
- No. of customers (meters) indicates the number of meters that includes inactive meters and meters for gas supply from other retail companies.
- "Commercial" indicates sales to commercial, public and medical institutions.
- City gas sales volumes are on the basis of 45MJ/m3.
- Average temperature is the average temperature during the period of use by each customer (from date of initial
month's meter reading to final month's meter reading). The aforementioned notes also apply to the relevant tables.
2
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Tokyo Gas Co. Ltd. published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2021 05:10:02 UTC.