HOKURIKU GAS CO.,LTD. [9537.T]
TOKYO, May 15 (Pulse News Wire) – Hokuriku GAS CO.,LTD. (9537.T) revised its fiscal year 2026 earnings forecast due to higher-than-expected sales and successful cost-cutting measures.
According to the company's latest report, the group’s consolidated operating profit increased by 21%, while ordinary profit rose by 19.3%. Despite lower demand for heating and hot water during warmer winter months, business customer equipment utilization exceeded expectations, leading to overall gas sales and revenue meeting initial projections. In individual performance metrics, operating profit saw an increase of 18.3%, driven largely by reduced operational expenses across the board.
Net income per share also surpassed previous estimates, reflecting the company's efforts to streamline costs and improve efficiency. The company had previously disclosed its preliminary forecasts on November 06, 2025, which now show significant deviations from the actual results reported today. The adjustments highlight improved profitability despite challenges posed by seasonal weather conditions.
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