Shizuoka Gas : Notice of Revision to Consolidated Business Forecast of 2022

August 3, 2022

Company Name: SHIZUOKA GAS CO., LTD.

Representative： Kishida Hiroyuki

	Representative Director and President
	(Code Number: 9543, Tokyo Stock Exchange)
Contact:	Taniguchi Katsumi
	Accounting and Finance Manager,
	Management Planning Department
	(TEL: [phone])

Notice of Revision to Consolidated Business Forecast

SHIZUOKA GAS CO., LTD. announces the revision of its full-year consolidated business forecast for the fiscal year ending December 31, 2022 announced on February 8, 2022.

1. Revision of FY2022 consolidated business forecast (January 1 through December 31, 2022)

	Net sales	Operating profit	Ordinary profit	Profit attributable	Profit
	to owners of
	(¥ million)	(¥ million)	(¥ million)	per share (¥)
	parent(¥ million)
Previous Forecast (A)	171,660	5,920	7,140	4,330	58.44
Revised Forecast (B)	206,750	5,190	6,590	3,960	53.41
Change (B-A)	35,090	(730)	(550)	(370)
Percentage change (%)	20.4	(12.3)	(7.7)	(8.5)
(Reference)	132,988	4,989	6,474	4,115	55.55
Actual results for FY2021

2. Reasons for Revision

We revised our full-year forecast for the fiscal year ending December 31, 2022, reflecting the recent impact of crude

oil prices and foreign exchange rates. As a result, we expect net sales to exceed the previous forecast. At the same

time, we expect operating profit, ordinary profit, and profit attributable to owners of parent to fall below the previous

forecast.

(Reference) Crude Oil Price/Exchange Rate Projections

Crude oil price	Previous forecast	US$80/bbl (August and later)
(Japan CIF)	Revised forecast	US$110/bbl (August and later)
Exchange rate	Previous forecast	US$1/120yen (August and later)
Revised forecast	US$1/140yen (August and later)

(Note) The forecasts above are based on information available as of the date of the publication of this document. Actual results may differ from these forecasts due to various factors.