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Hokkaido Gas Reports Decline in Financial Performance Amid Market Challenges

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Hokkaido Gas Reports Decline in Financial Performance Amid Market Challenges

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Hokkaido Gas Co., Ltd. ( (JP:9534) ) has provided an announcement.

Hokkaido Gas Co., Ltd. reported a decrease in consolidated financial results for the nine months ending December 31, 2024, with net sales down by 3.2% and profits falling over 23% compared to the previous year. The company attributed this decline to challenges in the market and announced a stock split to improve share liquidity, although forecasts for the fiscal year ending March 31, 2025, predict continued reductions in revenue and profit.

More about Hokkaido Gas Co., Ltd.

Hokkaido Gas Co., Ltd. operates in the utilities industry, focusing on the provision of gas services primarily in Japan. The company is listed on the Tokyo and Sapporo stock exchanges and its main activities include supplying natural gas and related services to its customers.

YTD Price Performance: -6.63%

Average Trading Volume: 90,858

Technical Sentiment Consensus Rating: Hold

Current Market Cap: Yen46.14B

See more data about 9534 stock on TipRanks’ Stock Analysis page.

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