NIPPON GAS Co (JP:8174) has released an update.
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Nippon Gas Co., Ltd. reported that their first quarter gross profit was on target, with a minor positive variance, despite higher sales acquisition costs from a significant increase in LP Gas customers. They expect to offset these higher costs in the subsequent quarters and maintain their full-year profit forecast, with a strong outlook that includes the highest forecasted net income for the fiscal year ending in March 2025. Additionally, the company announced a planned dividend of ¥10.2 billion and a share buyback of up to ¥3.0 billion that was previously declared in June 2024.
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