Shizuoka Gas : Flash Report for the Term Ended December31,2021

Flash Report for the Term Ended December31,2021Japan GAAP] (Consolidated)

							February 8, 2022
Company Name: SHIZUOKA GAS CO., LTD.	Listing:Tokyo Stock Exchange (1st section)
Code Number:	9543			URL:https://ir.shizuokagas.co.jp/en/
Representative: Kishida Hiroyuki, Representative Director and President
Inquiries to:	Taniguchi Katsumi, Accounting and Finance Manager, Management Strategy Dept.
Telephone:	[phone]
Date of annual general meeting of shareholders		March 23, 2022
Date for presentation of the financial statements report		March 24, 2022
Date of dividend payment:				March 24, 2022
Preparation of supplemental explanatory materials：		Yes
Holding of FY2021 financial briefing session：		Yes(for institutional investors)
1. Consolidated Business Results (January 1 to December 31, 2021)
(Amounts under one million yen are omitted; YoY % change)
(1) Operating Results
	Net sales	Operating profit	Ordinary profit	Profit attributable to
	(¥ million)	(¥ million)	(¥ million)	owners of parent (¥ million)
Reporting term	132,988	(9.6%	4,989 ((((26.9)%	6,474	(12.4)%	4,115 (((11.0%
Previous term	121,320	(14.3)%	6,828 ((((13.0)%	7,391	(13.4)%	3,709 (((32.8)%

Note: Total comprehensive income（¥ million） Reporting term: 6,339 (74.3%)

Previous term: 3,637((42.8%))

Profit per share (¥)

Diluted profit

Return on equity

Ordinary profit /

Operating profit /

per share (¥)

(ROE) (%)

Total assets (%)

Net sales (%)

Reporting term

55.55

55.46

4.9

5.3

3.8

Previous term

50.09

50.00

4.6

6.3

5.6

Reference: Share of profit of entities accounted for using equity method（¥ million） Reporting term: 604

Previous term: 172

(2) Financial Position

Total assets

Net assets

Equity ratio (%)

Net assets per share (¥)

(¥ million)

(¥ million)

Reporting term

123,996

92,150

69.6

1,164.72

Previous term

118,177

87,673

69.4

1,108.38

Reference: Net assets excluding share acquisition rights and non-controlling interests (¥ million)

Reporting term: 86,308

Previous term: 82,073

(3) Cash Flows

Cash flows from

Cash flows from

Cash flows from

Cash and cash

operating activities

investing activities

financing activities

equivalents at end of

(¥ million)

(¥ million)

(¥ million)

period (¥ million)

Reporting term

((6,909)

(9,797)

(1,412)

13,548

Previous term

20,303

(8,428)

(4,490)

31,615

2. Dividend Payment

		Dividend per share (¥)		Total amount for		Dividend
						Pay-out ratio	payments/
						annual dividend
	End of	End of	End of	End of		(consolidated)	Net assets
	Total	payments
	(%)	(consolidated)
	Q1	Q2	Q3	Q4	(¥ million)
			(%)
FY 2020	-	8.50	-	8.50	17.00	1,221	33.9	1.5
FY 2021	-	9.00	-	9.00	18.00	1,333	32.4	1.6
FY 2022(forecast)	-	9.50	-	9.50	19.00	/	32.5	/

－ 1 －

3. Consolidated Business Forecast for the Term Ended December 31, 2022

(Amounts under one million yen are omitted; YoY % change)

	Net sales	Operating profit	Ordinary profit	Profit attributable to	Profit per
	owners of parent
	(¥ million)	(¥ million)	(¥ million)	share (¥)
	(¥ million)
Full term	171,660 29.1 %	5,920 18.7 %	7,140 10.3 %	4,330	5.2%	58.44

※Notes

1. Major changes in subsidiaries: No
   Note: Transfer of specified subsidiaries during the reporting period resulting in changes in the scope of consolidation
2. Changes in accounting policies, estimates, or retrospective restatements
3. 1. Changes in accounting policies due to revisions of accounting standards: No
   2. Other: No
   3. Changes in accounting estimates: No
   4. Retrospective restatements: No
4. Number of issued shares (ordinary shares)
5. 1. Number of issued shares at end of period (including treasury shares)

Reporting term:	76,192,950
Previous term:	76,192,950

b) Number of treasury shares at end of period

Reporting term:	2,090,713
Previous term:	2,145,148

1. Average number of shares outstanding during the term
   Reporting term: 74,087,885

Previous term:

74,037,997

※This flash report is exempt from review procedures under the Financial Instruments and Exchange Act.

※Caution Concerning Forward-Looking Statements

Business forecast and other forward-looking statements contained in this document are assumptions based on information available to the company and judgments deemed rational at the time this document was published. Forward-looking statements are not a guarantee that forecast will be achieved. Actual earnings may differ significantly from business forecast due to various factors.

－ 2 －

Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets

	(¥ million)
As of December31	2020	2021
Assets
Non-current assets
Property, plant and equipment
Production facilities	5,892	4,736
Distribution facilities	34,213	33,926
Service and maintenance facilities	5,135	6,000
Other facilities	7,481	7,984
Construction in progress	2,096	2,343
Total property, plant and equipment	54,819	54,992
Intangible assets	935	1,266
Investments and other assets
Investment securities	8,218	10,113
Long-term loans receivable	4,463	4,030
Deferred tax assets	987	703
Other investments and other assets	1,810	1,937
Allowance for doubtful accounts	(73)	(71)
Total investments and other assets	15,406	16,713
Total non-current assets	71,160	72,972
Current assets
Cash and deposits	31,732	13,658
Notes and accounts receivable - trade	8,492	15,013
Merchandise and finished goods	307	565
Raw materials and supplies	4,863	9,193
Accounts receivable - other	257	10,478
Other current assets	1,388	2,167
Allowance for doubtful accounts	(25)	(53)
Total current assets	47,016	51,024
Total assets	118,177	123,996

Note: Amounts under one million yen are omitted.

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	(¥ million)
As of December 31	2020	2021
Liabilities
Non-current liabilities
Long-term borrowings	4,373	5,124
Deferred tax liabilities	172	389
Retirement benefit liability	3,045	2,739
Other non-current liabilities	99	98
Total non-current liabilities	7,691	8,352
Current liabilities
Current portion of non-current liabilities	1,712	1,500
Accounts payable-trade	9,571	15,189
Accounts payable-other	3,140	1,882
Income taxes payable	2,089	1,724
Provision for bonuses	423	411
Allowance for ship allocation adjustment	2,900	－
Other current liabilities	2,976	2,784
Total current liabilities	22,812	23,494
Total liabilities	30,503	31,846
Net assets
Shareholders' equity
Share capital	6,279	6,279
Capital surplus	4,948	4,984
Retained earnings	69,583	72,403
Treasury shares	(1,090)	(1,062)
Total shareholders' equity	79,721	82,604
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	2,341	2,938
Deferred gains or losses on hedges	(218)	(320
Foreign currency translation adjustment	(104)	(59)
Remeasurements of defined benefit plans	333	503
Total accumulated other comprehensive income	2,352	3,703
Share acquisition rights	108	91
Non-controlling interests	5,491	5,749
Total net assets	87,673	92,150
Total liabilities and net assets	118,177	123,996

Note: Amounts under one million yen are omitted.

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1. Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

Consolidated Statements of Income

	(¥ million)
Year ended December 31	2020	2021
Net sales	121,320	132,988
Cost of sales	87,120	100,332
Gross profit	34,199	32,655
Selling, general and administrative expenses	27,371	27,665
Operating profit	6,828	4,989
Non-operating income
Interest income	98	87
Dividend income	216	660
Share of profit of entities accounted for using equity method	172	604
Miscellaneous income	306	305
Total non-operating income	794	1,657
Non-operating expenses
Interest expenses	90	73
Foreign exchange losses	121	83
Miscellaneous expenses	18	16
Total non-operating expenses	231	172
Ordinary profit	7,391	6,474
Extraordinary income
Gain on sales of investment securities	30	32
Total extraordinary income	30	32
Extraordinary losses
Loss on valuation of investment securities	143	－
Total extraordinary losses	143	－
Profit before income taxes	7,278	6,506
Income taxes-current	2,934	1,513
Income taxes-deferred	(115)	13
Total income taxes	2,819	1,527
Profit	4,458	4,979
Profit attributable to non-controlling interests	749	863
Profit attributable to owners of parent	3,709	4,115

Note: Amounts under one million yen are omitted.

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