July 29, 2019
Consolidated Financial Results Bulletin for the 1st Quarter Ended June 30, 2019 (J-GAAP)
Tokyo Gas Co., Ltd.
Securities code: | 9531 |
(URL https://www.tokyo-gas.co.jp/IR/english/index.html) | |
Representative: | Mr. Takashi UCHIDA, President |
Contact: | Mr. Masami ADACHI, General Manager, |
Consolidated Settlements Group |
Scheduled date of the filing of quarterly report: Scheduled date of the start of dividend payments: Preparation of 1Q earnings presentation material (yes/no): Holding of 1Q earnings announcement (yes/no):
Stock listings:
Tokyo Stock Exchange, Nagoya Stock Exchange
Location of head office: Tokyo
(Amounts are rounded down to the nearest million yen)
1. Consolidated Performance for 1st Quarter (from April 1, 2019 to June 30, 2019)
(Unit: million yen) | ||||||||||||
(1) Consolidated Business Performance | (% of change from the corresponding period of previous year) | |||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||||
owners of parent | ||||||||||||
Three months ended | 467,218 | 16.4% | 44,021 | 89.1% | 48,390 | 101.4% | 34,927 | -7.4% | ||||
Jun. 30, 2019 | ||||||||||||
Three months ended | 401,434 | -0.7% | 23,274 | -32.9% | 24,028 | -33.0% | 37,713 | 35.4% | ||||
Jun. 30, 2018 | ||||||||||||
Note: Total comprehensive income | ||||||||||||
Three months ended June 30, 2019: 33,809 million yen (55.9%) | Three months ended June 30, 2018: 21,682 million yen (3.1%) | |||||||||||
Profit per share | Diluted profit | |||||||||||
per share | ||||||||||||
Three months ended | 78.23 yen | - | ||||||||||
Jun. 30, 2019 | ||||||||||||
Three months ended | 83.25 yen | - | ||||||||||
Jun. 30, 2018 | ||||||||||||
(2) Consolidated Financial Position | ||||||||||||
(Unit: million yen) | ||||||||||||
Total assets | Total net assets | Equity ratio | ||||||||||
As of Jun. 30, 2019 | 2,444,960 | 1,171,575 | 47.4% | |||||||||
As of Mar. 31, 2019 | 2,428,149 | 1,171,345 | 47.7% | |||||||||
Reference: Shareholders' equity | ||||||||||||
As of June 30, 2019: 1,159,357 million yen | As of March 31, 2019: 1,159,055 million yen |
2. Dividend
Dividend per share (Unit: yen) | |||||||||
End of 1Q | End of 2Q | End of 3Q | End of 4Q | Annual | |||||
FY2018 ended Mar. 31, | - | 27.50 | - | 32.50 | 60.00 | ||||
2019 | |||||||||
FY2019 ending Mar. 31, | - | ||||||||
2020 | |||||||||
FY2019 ending Mar. 31, | 30.00 | - | 30.00 | 60.00 | |||||
2020 (Forecast) | |||||||||
Note: Revision to the dividend forecast that has been disclosed lastly: No |
3. Consolidated Results Forecast for FY2019 ending March 31, 2020 (April 1, 2019 - March 31, 2020)
(Unit: million yen) (% of change from the corresponding period of previous year)
Net sales | Operating profit | Ordinary profit | Net profit attributable | Profit | ||||||
to owners of parent | per share | |||||||||
Full-year | 2,043,000 | 4.1% | 122,000 | 30.2% | 120,000 | 34.2% | 86,000 | 1.7% | 194.40 yen | |
Note: Revision to the consolidated results forecast that has been disclosed lastly: No
*Notes
- Significant changes in consolidated subsidiaries (changes in specified subsidiaries resulting in change of scope of consolidation during the quarter) (yes/no): No
-
Application of accounting treatment peculiar to quarterly consolidated financial statement preparation (yes/no): Yes
Note: Please see page 8 of the Attachment, "2. Consolidated Financial Statements and Main Notes: (3) Notes on consolidated financial statements (Application of accounting treatment peculiar to quarterly consolidated financial statement preparation)" for details. - Change in accounting policies or estimates and retrospective restatements
- Change in accounting policies in accordance with revision of accounting standards: No
- Change in accounting policies other than item 1) above: No
- Change in accounting estimates: No
- Retrospective restatements: No
- Number of issued shares (common stock)
(Unit: share) | |||||||
1) | Number of issued shares at end of period | Jun. 30, 2019 | 451,355,759 | Mar. 31, 2019 | 451,355,759 | ||
(including treasury stock): | |||||||
2) | Number of shares of treasury stock | Jun. 30, 2019 | 8,301,702 | Mar. 31, 2019 | 1,410,673 | ||
at end of period: | |||||||
3) | Average number of shares during period: | Apr. - Jun. 2019 | 446,471,083 | Apr. - Jun. 2018 | 453,020,638 | ||
- Quarterly review procedures by a certified public accountant or an audit firm do not apply to quarterly consolidated financial results bulletins.
- Explanation related to appropriate use of results forecasts and other items warranting special mention
- The above forecasts are based on the information available at the time this report was prepared, and Tokyo Gas makes no guarantee that these figures will be achieved. Actual results may differ from these forecasts for a variety of reasons. Please see page 3 of the Attachment "1. Overview of Business Performance, etc.: (2) Future outlook" for matters concerning the above forecasts.
- The information related to this Financial Results will be posted on the Web site of the Company.
Non-Consolidated Results Forecast for FY2019 ending March 31, 2020 (April 1, 2019 - March 31, 2020)
(Unit: million yen) (% of change from the corresponding period of previous year)
Net sales | Operating profit | Ordinary profit | Net income | Profit | |||||
per share | |||||||||
Full-year | 1,890,000 | 6.9% | 82,000 | 67.6% | 82,000 | 30.3% | 60,000 | 11.7% | 135.63 yen |
Note: Revision to the non-consolidated results forecast that has been disclosed lastly: No
Contents of Attachment | ||
1. Overview of Business Performance, etc............................................................................................................................. | 2 | |
(1) | Overview of business performance of the 1st quarter.............................................................................................. | 2 |
(2) | Future outlook ............................................................................................................................................................. | 3 |
2. Consolidated Financial Statements and Main Notes ........................................................................................................ | 4 | |
(1) | Consolidated balance sheets ....................................................................................................................................... | 4 |
(2) | Consolidated statements of income and comprehensive income ............................................................................. | 6 |
Consolidated statement of income ............................................................................................................................. | 6 | |
(Three months ended June 30, 2019) | ||
Consolidated statement of comprehensive income ................................................................................................... | 7 | |
(Three months ended June 30, 2019) | ||
(3) | Notes on consolidated financial statements ............................................................................................................... | 8 |
(Note on going concerns' premise) ............................................................................................................................. | 8 | |
(Additional information)............................................................................................................................................. | 8 | |
(Significant changes in shareholders' equity)............................................................................................................ | 8 | |
(Application of accounting treatment peculiar to quarterly consolidated financial statement preparation)...... | 8 | |
(Material subsequent events)...................................................................................................................................... | 8 |
1
1. Overview of Business Performance, etc.
(1) Overview of business performance of the 1st quarter | |||||||
(Unit: million yen) | |||||||
Gas | Electric | Overseas | Energy- | Real estate | Others | ||
power | related | ||||||
FY2019 | 343,015 | 72,156 | 10,912 | 70,586 | 11,153 | 26,237 | |
(% of total) | (64.3%) | (13.5%) | (2.0%) | (13.2%) | (2.1%) | (4.9%) | |
Sales | FY2018 | 290,738 | 53,167 | 12,169 | 74,388 | 11,023 | 20,342 |
(% of total) | (63.0%) | (11.5%) | (2.6%) | (16.1%) | (2.4%) | (4.4%) | |
Amount of change | 52,277 | 18,989 | -1,257 | -3,802 | 130 | 5,895 | |
(Rate of change) | 18.0% | 35.7% | -10.3% | -5.1% | 1.2% | 29.0% | |
FY2019 | 296,740 | 70,176 | 8,835 | 69,798 | 8,191 | 25,025 | |
(% of total) | (62.0%) | (14.7%) | (1.8%) | (14.6%) | (1.7%) | (5.2%) | |
Operating | FY2018 | 266,707 | 50,810 | 7,742 | 71,738 | 8,734 | 20,228 |
expenses | (% of total) | (62.7%) | (11.9%) | (1.8%) | (16.8%) | (2.1%) | (4.7%) |
Amount of change | 30,033 | 19,366 | 1,093 | -1,940 | -543 | 4,797 | |
(Rate of change) | 11.3% | 38.1% | 14.1% | -2.7% | -6.2% | 23.7% | |
FY2019 | 46,275 | 1,980 | 3,645 | 787 | 3,124 | 1,203 | |
(% of total) | (81.1%) | (3.5%) | (6.4%) | (1.4%) | (5.5%) | (2.1%) | |
Segment | FY2018 | 24,030 | 2,356 | 4,749 | 2,649 | 2,435 | 100 |
profit | (% of total) | (66.1%) | (6.5%) | (13.1%) | (7.3%) | (6.7%) | (0.3%) |
Amount of change | 22,245 | -376 | -1,104 | -1,862 | 689 | 1,103 | |
(Rate of change) | 92.6% | -16.0% | -23.2% | -70.3% | 28.3% | 1,103.2% |
Note: Figures for sales include internal transactions. Figures for operating expenses do not include expenses that cannot be allocated to specific segments. Figures for segment profit are adjusted against the amount based on operating profit of consolidated financial statements plus or minus investment income or loss on equity method.
< Consolidated City Gas Sales Volume, etc.>
Apr. - Jun. 2019 | Apr. - Jun. 2018 | Change | % change | ||||
No. of customers for city | Thousands | 9,607 | 10,189 | -582 | -5.7 | ||
gas retail sales | |||||||
No. of customers (meters) | Thousands | 11,838 | 11,702 | 136 | 1.2 | ||
volume | Residential | Mil. m3 | 808 | 778 | 30 | 3.8 | |
Commercial | Mil. m3 | 555 | 549 | 6 | 1.1 | ||
sales | Industrial | Mil. m3 | 1,587 | 1,335 | 252 | 18.9 | |
Subtotal | Mil. m3 | 2,142 | 1,884 | 258 | 13.7 | ||
gas | |||||||
Supplies to other utilities | Mil. m3 | 422 | 483 | -61 | -12.6 | ||
City | |||||||
Total | 3 | 3,372 | 3,145 | 227 | 7.2 | ||
Mil. m | |||||||
Average temperature | °C | 16.7 | 17.9 | -1.2 | - | ||
Notes: |
- No. of customers for city gas retail sales indicates the number of billed customers for city gas retail sales.
- No. of customers (meters) indicates the number of meters that includes inactive meters and meters for gas supply from other retail companies.
- "Commercial" indicates sales to commercial, public and medical institutions.
- City gas sales volumes are on the basis of 45MJ/m3.
- Average temperature is the average temperature during the period of use by each customer (from date of initial month's meter reading to final month's meter reading).
The aforementioned notes also apply to the relevant tables.
2
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Tokyo Gas Co. Ltd. published this content on 29 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2019 06:24:09 UTC