Tokyo Gas Announced Revision to Forecast Results
OREANDA-NEWS. August 2, 2012. Based on recent business results trends, Tokyo Gas Co., Ltd. is to revise the forecast results released on April 27, 2012, as shown below.
Revisions to Forecast Results
1. Consolidated
Revisions to 1st half forecast for the year ending March 2013 (April 1, 2012 - September 30, 2012) Unit: JPY million
|
|
Sales |
Operating income |
Ordinary income |
Net income |
Net income per share (Yen) |
|
Previous forecasts (A) (Announced on April 27, 2012) |
859,000 |
30,000 |
29,000 |
19,000 |
7.35 |
|
Revised forecasts (B) |
863,000 |
53,000 |
54,000 |
32,000 |
12.43 |
|
Change (B - A) |
4,000 |
23,000 |
25,000 |
13,000 |
|
|
Rate of change (%) |
0.5 |
76.7 |
86.2 |
68.4 |
|
|
Ref.)Results for previous half (Results ended September 2011) |
748,378 |
1,739 |
1,931 |
-4,959 |
-1.89 |
Revisions to full year forecast for the year ending March 2013 (April 1, 2012 - March 31, 2013)
Unit: JPY million
|
|
Sales |
Operating income |
Ordinary income |
Net income |
Net income per share (Yen) |
|
Previous forecasts (A) (Announced on April 27,2012) |
1,914,000 |
99,000 |
96,000 |
63,000 |
24.37 |
|
Revised forecasts (B) |
1,844,000 |
140,000 |
138,000 |
88,000 |
34.20 |
|
Change (B - A) |
-70,000 |
41,000 |
42,000 |
25,000 |
|
|
Rate of change (%) |
-3.7 |
41.4 |
43.8 |
39.7 |
|
|
Ref.)Results for previous year (Results ended March 2012) |
1,754,257 |
77,075 |
75,620 |
46,060 |
17.70 |
2. Non-Consolidated
Revisions to 1st half forecast for the year ending March 2013 (April 1, 2012 - September 30, 2012) Unit: JPY million
|
|
Sales |
Operating income |
Ordinary income |
Net income |
Net income per share (Yen) |
|
Previous forecasts (A) (Announced on April 27, 2012) |
756,000 |
18,000 |
21,000 |
15,000 |
5.80 |
|
Revised forecasts (B) |
764,000 |
38,000 |
51,000 |
32,000 |
12.43 |
|
Change (B - A) |
8,000 |
20,000 |
30,000 |
17,000 |
|
|
Rate of change (%) |
1.1 |
111.1 |
142.9 |
113.3 |
|
|
Ref.)Results for previous half (Results ended September 2011) |
647,696 |
-12,133 |
-4,422 |
-6,272 |
-2.39 |
Revisions to full year forecast for the year ending March 2013 (April 1, 2012 - March 31, 2013)
Unit: JPY million
|
|
Sales |
Operating income |
Ordinary income |
Net income |
Net income per share (Yen) |
|
Previous forecasts (A) (Announced on April 27,2012) |
1,695,000 |
72,000 |
75,000 |
52,000 |
20.12 |
|
Revised forecasts (B) |
1,631,000 |
111,000 |
122,000 |
81,000 |
31.48 |
|
Change (B - A) |
-64,000 |
39,000 |
47,000 |
29,000 |
|
|
Rate of change (%) |
-3.8 |
54.2 |
62.7 |
55.8 |
|
|
Ref.)Results for previous year (Results ended March 2012) |
1,550,343 |
51,403 |
59,943 |
35,700 |
13.72 |
3. Reasons
Based on recent business trends, Tokyo Gas Co., Ltd. is to revise the 1st half and full year forecast results released on April 27, 2012.
As for the 1st half forecasts on non-consolidated basis, with the revised crude oil price from 120 USD/barrel to 100 USD/barrel and the revised exchange rate from 85 JPY/USD to 80 JPY/USD, which leads to the decreased gas sales unit price due to gas rate adjustment, the decreased gas material cost, the increased revenue in supplementary business, etc., sales, operating income, ordinary income and net income are to surpass previous forecasts respectively.
As for the 1st half forecasts on consolidated basis, reflecting the revisions on non-consolidated basis mentioned above, sales, operating income, ordinary income and net income are to surpass previous forecasts respectively.
As for the full year forecasts on both non-consolidated and consolidated basis, due to the revision of the assumed economic frame including crude oil price and exchange rate, both sales are to fall short of previous forecasts respectively. However, operating income, ordinary income and net income for both non-consolidated and consolidated basis are to surpass previous forecasts respectively.
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