Shizuoka Gas Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2020; Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2020
May 13, 2020 at 02:00 am EDT
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Shizuoka Gas Co., Ltd. reported consolidated earnings results for the first quarter ended March 31, 2020. For the quarter, the company reported net sales of JPY 36,320 Million compared to JPY 42,624 Million a year ago. Operating profit was JPY 3,057 Million compared to JPY 3,413 Million a year ago. Profit attributable to owners of parent was JPY 1,817 Million compared to JPY 2,296 Million a year ago. Profit per share was JPY 24.56 compared to JPY 31.08 a year ago. Diluted profit per share was JPY 24.51 compared to JPY 31.03 a year ago. Profit was JPY 2,081 Million compared to JPY 2,586 Million a year ago.
The company provided consolidated earnings guidance for the fiscal year ending December 31, 2020. For the period, the company expects net sales to be of JPY 136,150 Million. Operating profit expected to be of JPY 6,450 Million. Profit attributable to owners of parent expected to be of JPY 4,370 Million. Profit per share expected to be of JPY 59.08.
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. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2020; Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2020
SHIZUOKA GAS CO., LTD. 
