Flash Report for the First Half of 2021 [Japan GAAP](Consolidated)

August 4, 2021

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:

+81-54-284-7990

Date for presentation of the quarterly report:

August 6, 2021

Date of dividend payment:

September 1, 2021

Preparation of supplemental explanatory materials: Yes

Holding of quarterly results briefing session:

Yes (for institutional investors)

1. Consolidated Business Results for the First Half (January 1 through June 30, 2021)

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

(1) Operating Results

Net sales

Operating profit

Ordinary profit

(¥ million)

(¥ million)

(¥ million)

Reporting First Half

62,480

(6.3)%

5,500

(97.3%

6,487

123.9%

Previous First Half

66,645

(14.5)

2,788

(((60.3)

2,897

(((60.9)

Note: Total comprehensive income

(¥ million)

Reporting First Half: 5,858 (－%)

Previous First Half: (658) (－%)

Profit attributable to owners

Profit

Diluted profit

of parent (¥ million)

per share (¥)

per share (¥)

Reporting First Half

((((4,330

( 423.0%

58.46

58.36

Previous First Half

828

(((83.1)

11.18

11.16

(2) Financial Position

Total assets

Net assets

Equity ratio

(¥ million)

(¥ million)

(%)

Reporting First Half

113,848

92,399

76.3

Previous full term

118,177

87,673

69.4

Note: Net assets excluding share

acquisition rights and non-

controlling interests (¥ million)

Reporting First Half: 86,812

Previous full term: 82,073

2. Dividend Payment

Annual dividend per share (¥)

1Q

2Q

3Q

Term-end

Total

FY 2020

-

8.50

-

8.50

17.00

FY 2021

-

9.00

/

/

/

FY 2021(forecast)

/

/

-

9.00

18.00

Note: Revision of previously announced dividend forecast: No

3. Consolidated Business Forecast for Current Term (January 1 through December 31, 2021)

(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

132,670 9.4%

4,400 (35.6)%

5,840 (21.0)%

3,600 (2.9)%

48.59

Note: Revision of previously announced consolidated business forecast: Yes

1

※Notes

(1) Major changes in subsidiaries: No

Note: Transfer of specified subsidiaries during the reporting First Half resulting in changes in the scope of consolidation

  1. Simplified accounting and special accounting methods for quarterly financial reporting: Yes
    (Please refer to the section "Notes(3) Application of Special Accounting Methods in Preparation of Quarterly Consolidated Financial Statements" on P8)
  2. Changes in accounting policies, estimates, or retrospective restatements
  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
  1. Number of issued shares (ordinary shares)
  1. Number of shares issued at end of period (including treasury shares)

Reporting First Half:

76,192,950

Previous full term:

76,192,950

b) Number of treasury shares at end of period

Reporting First Half:

2,090,699

Previous full term:

2,145,148

c) Average number of shares outstanding during the term

Reporting First Half:

74,073,290

Previous First Half:

74,028,082

Quarterly Review

Quarterly financial results are exempt from quarterly review.

Notes on proper use of forecast, and other matters

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

Quarterly Consolidated Financial Statements and Notes (1)Consolidated Balance Sheets

(¥ million)

December 31,2020

June 30,2021

Assets

Non-current assets

Property, plant and equipment

Production facilities

5,892

5,279

Distribution facilities

34,213

33,713

Service and maintenance facilities

5,135

6,119

Other facilities

7,481

7,494

Construction in progress

2,096

1,752

Total property, plant and equipment

54,819

54,359

Intangible assets

935

1,000

Investments and other assets

Investment securities

8,218

10,006

Long-term loans receivable

4,463

4,101

Deferred tax assets

987

694

Other investments and other assets

1,810

1,931

Allowance for doubtful accounts

（73）

（72）

Total investments and other assets

15,406

16,661

Total non-current assets

71,160

72,022

Current assets

Cash and deposits

31,732

22,000

Notes and accounts receivable-trade

8,492

9,830

Merchandise and finished goods

307

307

Raw materials and supplies

4,863

7,314

Other current assets

1,646

2,407

Allowance for doubtful accounts

（25）

（34）

Total current assets

47,016

41,826

Total assets

118,177

113,848

Note: Amounts under one million yen are omitted.

3

(¥ million)

December 31,2020

June 30,2021

Liabilities

Non-current liabilities

Long-term borrowings

4,373

3,779

Deferred tax liabilities

172

222

Retirement benefit liability

3,045

2,961

Other non-current liabilities

99

99

Total non-current liabilities

7,691

7,062

Current liabilities

Current portion of non-current liabilities

1,712

1,519

Accounts payable-trade

9,571

6,368

Accounts payable-other

3,140

2,086

Income taxes payable

2,089

1,951

Provision for bonuses

423

420

Allowance for ship allocation adjustment

2,900

－

Other current liabilities

2,976

2,040

Total current liabilities

22,812

14,386

Total liabilities

30,503

21,449

Net assets

Shareholders' equity

Share capital

6,279

6,279

Capital surplus

4,948

4,971

Retained earnings

69,583

73,284

Treasury shares

（1,090）

（1,062）

Total shareholders' equity

79,721

83,472

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

2,341

2,877

Deferred gains or losses on hedges

(218)

262

Foreign currency translation adjustment

（104）

（104）

Remeasurements of defined benefit plans

333

304

Total accumulated other comprehensive income

2,352

3,339

Share acquisition rights

108

91

Non-controlling interests

5,491

5,495

Total net assets

87,673

92,399

Total liabilities and net assets

118,177

113,848

Note: Amounts under one million yen are omitted.

4

(2)Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

Consolidated Statements of Income

(¥ million)

First Half ended June 30

2020

2021

Net sales

(66,645

62,480

Cost of sales

(50,257

43,439

Gross profit

(16,388

19,041

Selling, general and administrative expenses

(13,600

13,540

Operating profit

(2,788

5,500

Non-operating income

Interest income

51

42

Dividend income

112

542

Share of profit of entities accounted for using equity method

－

((275

Miscellaneous income

176

198

Total non-operating income

339

1,058

Non-operating expenses

Interest expenses

48

37

Foreign exchange losses

(103

(22

Share of loss of entities accounted for using equity method

68

－

Miscellaneous expenses

(((10

12

Total non-operating expenses

230

72

Ordinary profit

((2,897

(6,487

Extraordinary income

Gain on sales of investment securities

(30

－

Total extraordinary income

(30

－

Profit before income taxes

(2,927

6,487

Income taxes

(1,653

1,623

Profit

(1,273

4,863

Profit attributable to non-controlling interests

445

533

Profit attributable to owners of parent

828

4,330

Note: Amounts under one million yen are omitted.

5

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Shizuoka Gas Co. Ltd. published this content on 04 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2021 06:35:03 UTC.