October 29, 2020
Consolidated Financial Results Bulletin for the 2nd Quarter Ended September 30, 2020 (J-GAAP)
Tokyo Gas Co., Ltd.
Securities code: | 9531 |
(URL https://www.tokyo-gas.co.jp/IR/english/) | |
Representative: | Mr. UCHIDA Takashi, President |
Contact: | Mr. KOMORI Rikiya, Chief Manager, |
Consolidated Settlements Sect. |
Scheduled date of the filing of quarterly report: Scheduled date of the start of dividend payments: Preparation of 2Q earnings presentation material (yes/no): Holding of 2Q earnings announcement (yes/no):
Stock listings:
Tokyo Stock Exchange, Nagoya Stock Exchange
Location of head office: Tokyo
November 13, 2020
November 27, 2020
Yes
Yes (for institutional investors)
(Amounts are rounded down to the nearest million yen)
1. Consolidated Performance for 2nd Quarter (from April 1, 2020 to September 30, 2020)
(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 | 828,071 | -9.1% | 51,644 | 11.9% | 49,760 | 2.9% | 29,350 | 3.5% | ||||
Sep. 30, 2020 | ||||||||||||
Six months ended | 910,481 | 9.4% | 46,169 | 124.4% | 48,347 | 145.4% | 28,349 | 5.3% | ||||
Sep. 30, 2019 | ||||||||||||
Note: Total comprehensive income | ||||||||||||
Six months ended September 30, 2020: 22,952 million yen (4.8%) | Six months ended September 30, 2019: 21,894 million yen (-9.6%) | |||||||||||
Profit per share | Diluted profit | |||||||||||
per share | ||||||||||||
Six months ended | 66.55 yen | - | ||||||||||
Sep. 30, 2020 | ||||||||||||
Six months ended | 63.89 yen | - | ||||||||||
Sep. 30, 2019 | ||||||||||||
(2) Consolidated Financial Position | ||||||||||||
(Unit: million yen) | ||||||||||||
Total assets | Total net assets | Equity ratio | ||||||||||
As of Sep. 30, 2020 | 2,746,284 | 1,183,973 | 42.1% | |||||||||
As of Mar. 31, 2020 | 2,537,724 | 1,159,228 | 45.2% | |||||||||
Reference: Shareholders' equity | ||||||||||||
As of September 30, 2020: 1,157,038 million yen | As of March 31, 2020: 1,147,836 million yen |
2. Dividend
Dividend per share (Unit: yen) | |||||||||
End of 1Q | End of 2Q | End of 3Q | End of 4Q | Annual | |||||
FY2019 ended Mar. 31, | - | 30.00 | - | 30.00 | 60.00 | ||||
2020 | |||||||||
FY2020 ending Mar. 31, | - | 30.00 | |||||||
2021 | |||||||||
FY2020 ending Mar. 31, | - | 30.00 | 60.00 | ||||||
2021 (Forecast) | |||||||||
Note: Revision to the dividend forecast that has been disclosed lastly: No |
3. Consolidated Results Forecast for FY2020 ending March 31, 2021 (April 1, 2020 - March 31, 2021)
(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 | 1,774,000 | -7.9% | 87,000 | -14.3% | 80,000 | -22.1% | 56,000 | 29.1% | 126.98 yen | |
Note: Revision to the consolidated results forecast that has been disclosed lastly: Yes
In the first-quarter Financial Results Bulletin released on July 29, 2020, we only disclosed operating profit forecasts, as it was difficult to reasonably quantify the impact of the global outbreak of the new coronavirus (COVID-19) on the Group's business.
In view of trends based on the accumulated performance data for the 2nd quarter consolidated cumulative period, we forecasts that the business performance will gradually recover toward the end of fiscal 2020, and as it has become possible to reasonably calculate all items including sales volume, net sales, operating expenses, and non-operating income or loss, we are disclosing them as described above.
*Notes
(1) Significant changes in consolidated subsidiaries (changes in specified subsidiaries resulting in change of scope of consolidation during the quarter) (yes/no): Yes
Newly included: 5 (Names) Castleton Resources LLC, CCI Oil and Gas II LLC,
Castleton Commodities Upstream II LLC, CCI East Texas Upstream LLC, Castleton TVL LLC
Reference: Scope of consolidation and application of equity method
Number of consolidated subsidiaries: 105 (Increased: 24, decreased: 1)
Number of equity method affiliates: 15 (Increased: 1, decreased: 1)
-
Application of accounting treatment peculiar to quarterly consolidated financial statement preparation (yes/no): Yes
Note: Please see page 8 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: No
- 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, 2020 | 442,436,059 | Mar. 31, 2020 | 442,436,059 | ||
(including treasury stock): | |||||||
2) | Number of shares of treasury stock | Sep. 30, 2020 | 1,429,243 | Mar. 31, 2020 | 1,424,746 | ||
at end of period: | |||||||
3) | Average number of shares during period: | Apr. - Sep. 2020 | 441,009,114 | Apr. - Sep. 2019 | 443,745,348 | ||
- 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
- As the COVID-19 pandemic has not yet abated, consolidated and non-consolidated results forecasts include numerous elements of uncertainty. Therefore, the forecasts are subject to drastic changes depending on future developments, which we will reflect on the forecasts as needed. 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.
Non-Consolidated Results Forecast for FY2020 ending March 31, 2021 (April 1, 2020 - March 31, 2021)
(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 | 1,584,700 | -11.4% | 66,000 | 6.4% | 65,000 | -4.9% | 52,000 | -8.3% | 117.91 | yen |
Note: Revision to the non-consolidated results forecast that has been disclosed lastly: Yes
In the first-quarter Financial Results Bulletin released on July 29, 2020, we had not determined non-consolidated results forecasts as it was difficult to reasonably quantify the impact of the global outbreak of COVID-19 on the Group's business.
In view of trends based on the accumulated performance data for the 2nd quarter consolidated cumulative period, we forecasts that the business performance will gradually recover toward the end of fiscal 2020, and as it has become possible to reasonably calculate all items including sales volume, net sales, operating expenses, and non-operating income or loss, we are disclosing them as described above.
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, 2020) | ||
Consolidated statement of comprehensive income ................................................................................................... | 7 | |
(Six months ended September 30, 2020) | ||
(3) | Notes on consolidated financial statements ............................................................................................................... | 8 |
(Note on going concerns' premise) ............................................................................................................................. | 8 | |
(Additional information)............................................................................................................................................. | 8 | |
(Significant changes in shareholders' equity)............................................................................................................ | 8 | |
(Application of accounting treatment peculiar to quarterly consolidated financial statement preparation)...... | 8 |
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Tokyo Gas Co. Ltd. published this content on 29 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2020 05:09:03 UTC