Shizuoka Gas : 〔Delayed〕Notice of Revision to Consolidated Business Forecast
August 06, 2020 at 10:34 pm EDT
Share
August 5, 2020
Company Name: SHIZUOKA GAS CO., LTD.
Representative:
Kishida Hiroyuki
Representative Director and President
(Code Number: 9543, First Section of Tokyo
Stock Exchange)
Inquiries to:
Taniguchi Katsumi
Accounting and Finance Manager,
Management Strategy Department
(TEL: +81-54-284-7990)
Notice of Revision to Consolidated Business Forecast
SHIZUOKA GAS CO., LTD. announces the revision of its full-year consolidated business forecast for the fiscal year ending December 31, 2020 announced on May 13, 2020.
1. Revision of FY2020 consolidated business forecast (January 1 through December 31, 2020)
Net sales
Operating profit
Ordinary profit
Profit attributable
Profit
to owners of
(¥ million)
(¥ million)
(¥ million)
per share (¥)
parent(¥ million)
Previous Forecast (A)
136,150
6,450
6,980
4,370
59.08
Revised Forecast (B)
119,210
5,480
5,830
2,830
38.22
Change (B-A)
(16,940)
(970)
(1,150)
(1,540)
Percentage change (%)
(12.4)
(15.0)
(16.5)
(35.2)
(Reference)
141,544
7,852
8,537
5,519
74.62
Actual results for FY2019
2. Reasons for Revision
The consolidated business forecast for the fiscal year ending December 31, 2020 remained in the financial forecast announced on February 5, 2020 due to difficulties in estimating our financial forecast as a result of the spread of COVID-19 and was estimated based on currently available information.
Because signs of resumed economic activity are emerging since lifting of the emergency order, it is assumed that the gas sales volume (non-consolidated) for the full year will recover gradually toward the second half of 2021. Also, we are expecting this volume to be 1,440 million m3, which is 93.6% of the previously announced forecast. After August, we expect the price of crude oil to be 45 dollars/bbl and the exchange rate to be 110 yen/dollar, while net sales are expected to decrease by 12.4% to ¥119,210 million. We expect operating profit to decrease by 15.0% to ¥5,480 million, ordinary profit to decrease by 16.5% to ¥5,830 million, and profit attributable to owners of parent to decrease by 35.2% to ¥2,830 million.
Shizuoka Gas Co. Ltd. published this content on 07 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2020 02:33:11 UTC
SHIZUOKA GAS CO., LTD. is a Japan-based distributor of gas. The Company operates in two segments. The Gas segment is engaged in the manufacture, supply and sales of gas, as well as manufacture and sales of liquefied natural gas with its subsidiaries. The Liquefied Petroleum Gas (LPG) segment is engaged in the sales and wholesale of LPG, sales of associated equipment, as well as piping working. The other business includes order construction, gas equipment sales, renovation, and leasing businesses.
SHIZUOKA GAS CO., LTD. 
