Nippon Gas Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Provides Dividend and Earnings Guidance for the Full Year Ending March 31, 2020
February 04, 2020 at 02:00 am EST
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Nippon Gas Co., Ltd. announced consolidated earnings results for the nine months ended December 31, 2019. For the period, the company reported net sales of JPY 91,325 million against JPY 82,677 million a year ago. Operating income was JPY 5,519 million against JPY 2,821 million a year ago. Profit was JPY 3,234 million or JPY 78.88 per basic share against JPY 987 million or JPY 23.17 per basic share a year ago.
The company provided year-end dividend guidance for the full year ending March 31, 2020. For the year, the company expects to pay year-end dividend of JPY 35.00 per share against JPY 47.00 paid a year ago.
For the year, on consolidated basis, the company expects to report net sales of JPY 135,000 million, operating income of JPY 11,000 million, profit attributable to owners of parent of JPY 6,500 million or JPY 157.41 per share.
NIPPON GAS CO., LTD. is a Japan-based company principally engaged in the supply of gas, the sale of gas equipment and home equipment. The Company operates its business through two business segments. The Liquefied Petroleum Gas (LPG) segment conducts gas supply sales, simple gas business, gas equipment sales, and gas piping construction. The City Gas segment conducts city gas supply sales, gas equipment sales, and gas piping work.
Nippon Gas Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Provides Dividend and Earnings Guidance for the Full Year Ending March 31, 2020