The company’s latest financial statement, prepared under Japanese accounting standards, shows revenue rising to ¥42.88 billion, up from ¥40.60 billion during the same period last year. This steady growth in the top line helped the utility navigate a volatile energy market, reversing the downward trend seen in the previous fiscal cycle.

Reversing Operational Losses

The shift in the bottom line was driven by a robust recovery in core operations. Hokuriku Gas recorded an operating profit of ¥1.03 billion, a sharp contrast to the ¥968 million loss reported a year earlier. The company's performance across key metrics highlights the scale of the recovery:

• Pretax profit reached ¥1.34 billion, following a ¥756 million loss in the prior year.
• Net profit stood at ¥915 million, compared to a ¥150 million deficit.
• Earnings per share rose to ¥196.47, up from a loss of ¥32.35.

This recovery underscores a period of stabilization for the regional gas provider as it approaches the end of the fiscal year ending March 2025. The results indicate that the utility has successfully recalibrated its operations to return to sustainable profitability.