Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated
document and the Japanese original, the original shall prevail.

Consolidated Financial Results
for the Three Months Ended June 30, 2024
[Japanese GAAP]
August 7, 2024
Company name: HIROSHIMA GAS CO.,LTD.
Listing: Tokyo
Securities code: 9535
URL: https://www.hiroshima-gas.co.jp/
Representative: Tomohiko Nakagawa

President
Director,Senior Executive Officer and Manager of General
Affair Department

Inquiries: Yasutaka Okita
Telephone: +81-82-252-3000
Scheduled date to commence dividend payments: Preparation of supplementary material on financial results: None
Holding of financial results briefing: None

(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 to June 30, 2024)(1) Consolidated Operating Results(Percentages indicate year-on-year changes.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Three months endedJune 30, 2024
22,177(7.0)
1,312(38.8)
1,241(39.4)
678(46.7)
June 30, 2023
23,835
14.2
2,143
92.2
2,049
54.2
1,272
48.2
(Note) Comprehensive income:Three months ended June 30, 2024:¥
1,118 million [(42.8) %]Three months ended June 30, 2023:¥
1,956 million [(2.3) %]Basic earnings
per share
Three months ended
June 30, 2024
June 30, 2023

Diluted earnings pershare
Yen

Yen

9.90
18.62

-(2) Consolidated Financial Position
Total assets
As ofJune 30, 2024
March 31, 2024(Reference) Equity:

Millions of yen

Net assets

130,364
137,628
As of June 30, 2024:
As of March 31, 2024:

Capital adequacy ratio

Millions of yen¥¥

71,12970,51267,758 million
67,128 million

%

52.0
48.8

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2024

-

6.00

-

6.00

12.00

Fiscal year ending March 31, 2025

-

6.00

12.00

Fiscal year ending March 31, 2025

6.00
(Forecast)(Note) Revision to the forecast for dividends announced most recently:
None(Note) Breakdown of the 1st quarter dividend for the fiscal year ending March 31, 2025 :Commemorative dividend- yenSpecial dividend- yenYear-endTotal

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025(April 1, 2024 to March 31, 2025)(Percentages indicate year-on-year changes.)
Profit attributable Basic earnings per
Net sales
Operating profit
Ordinary profit
to owners of parent
shareMillions ofyen%Millions ofyen%Millions ofyen%

Full year
93,6003.2
2,100(34.1)
2,300(31.9)(Note) Revision to the financial results forecast announced most recently:
None* Notes:(1) Significant changes in the scope of consolidation during the period:
Newly included:(Company name:
Excluded:(Company name:Millions ofyen%

Yen

1,500

(35.6)

21.90None))(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:(3) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations:
2) Changes in accounting policies due to other reasons: None
3) Changes in accounting estimates: None
4) Restatement: NoneYes

None(4) Number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2024:
68,490,018 shares
March 31, 2024:
68,490,018 shares
2) Number of treasury shares at the end of the period:
June 30, 2024:
1,848 shares
March 31, 2024:
1,848 shares
3) Average number of shares outstanding during the period:
Three months ended June 30, 2024:
Three months ended June 30, 2023:

68,488,170 shares
68,371,270 shares* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public
accountants or an audit firm: None
* Proper use of earnings forecasts, and other special mattersQuarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2024
AssetsNon-current assets
Property, plant and equipment
Production facilities
Distribution facilities
Service and maintenance facilities
Other facilities
Construction in progress
Total property, plant and equipmentIntangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Retirement benefit asset
Deferred tax assets
Other investments
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Current assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsMerchandise and finished goods
Raw materials and supplies
Other current assets
Allowance for doubtful accounts
Total current assets
Total assets

As of June 30, 2024

15,54331,202
4,066
10,918
5,475
67,206106

15,27330,873
4,181
10,815
5,457
66,601
99

14,476530
819
4,119(20)19,92587,23814,654
22
546
714
4,049
(20)
19,967
86,66827,70624,113

9,388

7,346

953
9,395
2,981
(35)
50,389137,628

841
8,017
3,398
(19)
43,696130,364

(Millions of yen)
As of March 31, 2024
Liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Provision for retirement benefits for directors (andother officers)
Provision for gas holder repairs
Provision for safety measures
Provision for gas appliance warranties
Retirement benefit liability
Asset retirement obligations
Other noncurrent liabilities
Total non-current liabilities
Current liabilities
Current portion of non-current liabilities
Notes and accounts payable - trade
Income taxes payable
Other current liabilities
Total current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

As of June 30, 2024

16,00027,99416,00024,364

322-

598
420
200
310
237
933
47,017

614
375
196
298
238
1,417
43,504

2,731
10,945179
6,241
20,098
67,115

6,255
5,116
288
4,071
15,73059,2355,268
1,239
56,870(0)63,378

5,268
1,248
57,137(0)63,655

2,406

2,566

121
719
503
3,750
3,384
70,512
137,628

121
911
504
4,103
3,370
71,129130,364

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Millions of yen)
For the three months
ended June 30, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity
methodMiscellaneous expenses
Total non-operating expenses
Ordinary profit
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

For the three months
ended June 30, 2024

23,835
15,255
8,580
6,436
2,143

22,177
14,530
7,646
6,333
1,312

1103
97
202

1120
156
279

49

46

190

226

57
296
2,049
2,049
459
202
661
1,387
114
1,272

76
350
1,241
1,241
252
224
476
764
86
678

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Millions of yen)
For the three months
ended June 30, 2023
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

For the three months
ended June 30, 2024
1,387

764

458
91
12159(0)
15192

568
1,956

354
1,118

1,841

1,031

114

86