HIROSHIMA GAS Co.,Ltd. reported consolidated earnings results for the six months ended September 30, 2015. For the period, the company reported net sales of ¥37,158 million against ¥41,112 million a year ago. Operating income was ¥2,795 million against ¥1,328 million a year ago. Ordinary income was ¥3,067 million against ¥1,586 million a year ago. Net income attributable to the parent company was ¥1,932 million or ¥29.55 per basic share against ¥772 million or ¥13.04 per basic share a year ago. Income before income taxes and minority was ¥3,067 million against ¥1,489 million a year ago. In the second quarter, sales decreased 9.6% from one year earlier to ¥37,158 million because of a decline in unit sales prices in accordance with the system of adjusting gas tariffs to reflect the cost of gas resources. Earnings increased mainly because of a decrease in the cost of gas resources in conjunction with the decline in the price of crude oil. Compared with the second quarter of the previous fiscal year, operating income was up 110.4%.

For the year ending March 31, 2016, on consolidated basis, the company expects net sales of ¥83,000 million, operating income of ¥4,400 million, ordinary income of ¥4,800 million, profit attributable to owners of parent of ¥3,100 million or ¥47.41 per share.

For the year ending March 31, 2016, on non-consolidated basis, the company expects net sales of ¥64,000 million, operating income of ¥2,300 million, ordinary income of ¥3,600 million, net income of ¥2,400 million or ¥36.70 per share.

The company declared dividend of ¥3.00 per share for the second quarter ended September 30, 2015 against ¥3.00 per share paid a year ago. Scheduled date of commencement of dividend payment is December 1, 2015.

The company expects to pay a dividend of ¥3.00 per share for the year ending March 31, 2016 against ¥5.00 per share a year ago.