Fukuoka-based Saibu Gas Holdings reported a revenue decline of 0.7% to ¥254.4 billion in FY2024, the first such drop in nine years, but net profit rose 3.4% to ¥6.4 billion. Despite record-high gas sales volumes driven by weather and increased restaurant demand, lower gas prices due to raw material cost adjustments led to reduced revenue. Company president Takuji Kato noted a sense of relief over the results, citing the nearing end of depreciation costs for the Hibiki LNG terminal. Source: Saibu Gus Holdings
Photo from Saibu Gus official website
Stay informed with the latest Fukuoka & Kyushu news and events in English. Sign up for our free weekly newsletter today and never miss a beat. Opt out anytime, your privacy is our priority. Get the inside scoop with The Now
Summaries based on public content, errors may occur during translation. Images credited independently. Send feedback using this form.
