Shizuoka Gas : Supplementary Information for the First Quarter of 2024

FY2024 1Q Supplementary Information

（January-March）

SHIZUOKA GAS CO.,LTD.

TSE:9543

May 9th,2024

Contents

Ⅰ . Summary Financial Results	… 3
for FY2024 1Q

Disclaimer

• Forecasts are based on information available to the management when this was drafted.
• Actual financial results may significantly differ from these forecasts due to any unforeseen economic and business circumstances.

Ⅰ . Summary Financial Results for FY2024 1Q

FY2024 1Q Financial Highlights

◎1Q Results： Lower sales, Lower profits

• Gas sales volume -3.7% year on year
  (Wholesale) Decreased due to the sales volume in wholesale customers. (Large-Lot Sales) Decreased due to low operation in existing customers. (Small-Lot Sales) Decreased due to higher temperature.
• Net sales decreased by 26.2% due to lower unit price of sale.
  Ordinary profit decreased by 72.7% due to adjustment of sliding time lag.

			FY2023 1Q	FY2024 1Q	Change	Change（％）
	●Gas sales volume (Non-Consolidated)
	430	414	-16	96.3
		（million m3,45MJ)
		Wholesale	204	191	-14	93.3
		Large-lot-sale	178	177	-1	99.3
		Small-lot-sale	48	47	-1	98.2
	●Net sales	（billion yen）	73.6	54.3	-19.3	73.8
	●Ordinary profit after Sliding time lag
	11.1	6.6	-4.5	59.5
	adjustment	(billion yen)
		Ordinary profit	14.3	3.9	-10.4	27.3
		Sliding time lag	3.2	-2.7	-5.9		－
							4

Gas Sales Volume（Non-consolidated）

430 96.3% 414

[-16]

93.3%

204 [-14]191

99.3%

178 [-1] 177

48	98.2%	47
[-1]
FY2023 1Q		FY2024 1Q

Unit; Million m3(45MJ/m3) * Figures in [ ] are the difference from the results in FY2023 1Q

	・Decreased in sales volume to
Wholesale	[-14]
	wholesale customers

	・Additional customers in 2024	[+1]
Large-lot-sale
	・Existing customers	[-2]

・Decreased in sales volume to

	commercial customers	[-1]
Small-lot-sale
	・Decreased in sales volume to
	residential customers	[-0]

5

Breakdown of Consolidated Ordinary Profit (Year-on-Year comparison)

			Unit : billion yen
	FY2023 1Q	FY2024 1Q	Change
Ordinary profit after	11.1	6.6	-4.5
Sliding-time-lag adjustment
Ordinary profit	14.3	3.9	-10.4
Sliding-time-lag	3.2	-2.7	-5.9

11.1	+0.7	+0.1	-5.1
	Subsidiary
	Miscellaneous
	expenses
				-0.2	6.6
			Raw material	City gas sales
			price	volume
FY2023					FY2024
1Q					1Q

6