Hokuriku Gas revises upward its full-year earnings forecast

Hokuriku Gas expects an increase in both consolidated and non-consolidated earnings due to cost-saving measures. The consolidated forecast sees sales decreasing from the previous estimate of JPY62.7 billion to JPY61.5 billion, but operating income increasing from JPY760 million to JPY1.29 billion, and net income attributable to shareholders rising from JPY1.49 billion (JPY320.65 per share) to JPY1.91 billion (JPY410.91 per share). Similarly, the non-consolidated forecast anticipates a decrease in sales from JPY53.8 billion to JPY52.5 billion, but operating income is projected to rise from JPY460 million to JPY950 million, and net income is forecast to increase from JPY1.37 billion (JPY294.82 per share) to JPY1.76 billion (JPY378.64 per share). The revised forecast reflects lower-than-expected gas sales volume, offset by reduced expenses in gas pipeline replacement projects and overall cost control measures.