New Risk • 17h
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 55% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks High level of debt (60% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Annuncio • Jun 03
Tokyo Gas Co.,Ltd. to Report Q1, 2027 Results on Jul 30, 2026 Tokyo Gas Co.,Ltd. announced that they will report Q1, 2027 results on Jul 30, 2026 Buy Or Sell Opportunity • May 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to €35.20. The fair value is estimated to be €44.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Earnings per share has declined by 12%. For the next 3 years, revenue is forecast to grow by 0.5% per annum. Earnings are forecast to decline by 10% per annum over the same time period. Board Change • May 20
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. 1 highly experienced director. Chairperson of the Board Takashi Uchida is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Apr 21
Tokyo Gas Co.,Ltd. to Report Fiscal Year 2026 Results on Apr 28, 2026 Tokyo Gas Co.,Ltd. announced that they will report fiscal year 2026 results on Apr 28, 2026 Annuncio • Jan 31
Shizuoka Financial Group,Inc. (TSE:5831) agreed to acquire 80% stake in Tokyo Gas Lease Co., Ltd. from Tokyo Gas Co.,Ltd. (TSE:9531). Shizuoka Financial Group,Inc. (TSE:5831) agreed to acquire 80% stake in Tokyo Gas Lease Co., Ltd. from Tokyo Gas Co.,Ltd. (TSE:9531) on January 30, 2026. Shizuoka Financial Group will acquire 768 shares.
For the period ending March 31, 2025, Tokyo Gas Lease Co., Ltd. reported total revenue of ¥7.45 billion and net income of ¥463 million. As of March 31, 2025, Tokyo Gas Lease Co., Ltd. reported total assets of ¥53 billion and total common equity of ¥14.99 billion.
The expected completion of the transaction is in April 2026. Annuncio • Jan 30
Tokyo Gas Co.,Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026 Tokyo Gas Co.,Ltd. revised consolidated earnings guidance for the fiscal year ending March 31, 2026. For the year, the company expected net sales of JPY 2,839,000 million; Operating profit of JPY 185,000 million; Profit attributable to owners of parent of JPY 194,000 million; and Basic earnings per share of JPY 560.15. Annuncio • Dec 04
Tokyo Gas Co.,Ltd. to Report Q3, 2026 Results on Jan 30, 2026 Tokyo Gas Co.,Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 Annuncio • Sep 03
Tokyo Gas Co.,Ltd. to Report Q2, 2026 Results on Oct 29, 2025 Tokyo Gas Co.,Ltd. announced that they will report Q2, 2026 results on Oct 29, 2025 Annuncio • Jul 29
Tokyo Gas Co.,Ltd. (TSE:9531) acquired an unknown majority stake in SkyDisc,Inc. Tokyo Gas Co.,Ltd. (TSE:9531) acquired an unknown majority stake in SkyDisc,Inc. on July 25, 2025. Going forward, Tokyo Gas will work with the SkyDisc's management team and shareholders to strengthen the deployment of DX solutions, including "Optimal Works" an automated production planning solution for the manufacturing industry using AI and SaaS.
Tokyo Gas Co.,Ltd. (TSE:9531) completed the acquisition of an unknown majority stake in SkyDisc,Inc. on July 25, 2025. Annuncio • Jul 02
Tokyo Gas Co.,Ltd. to Report Q1, 2026 Results on Jul 30, 2025 Tokyo Gas Co.,Ltd. announced that they will report Q1, 2026 results on Jul 30, 2025 Annuncio • Jun 06
Tokyo Gas Co.,Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026 Tokyo Gas Co.,Ltd. revised consolidated earnings guidance for the Fiscal Year Ending March 31, 2026. For the fiscal year ending March 31, 2026, on the consolidated basis, the company expects net sales to be JPY 2,754,000 million as compared to previous guidance of JPY 2,754,000 million. Operating profit is expected to be JPY 159,000 million as compared to previous guidance of JPY 159,000 million. Profit attributable to owners of parent is expected to be JPY 183,000 million as compared to previous guidance of JPY 134,000 million. Basic per share is expected to be JPY 522.09 per share as compared to previous guidance of JPY 384.49 per share.
In accordance with the decision to liquidate overseas consolidated subsidiary, Tokyo Gas Australia Pty Ltd, as disclosed in the "Notice Concerning the voluntary winding up of Tokyo Gas Australia Pty Ltd, a wholly-owned subsidiary and recording of extraordinary income" dated May 29, 2025, a gain will be recognized by reversing the foreign currency translation adjustment account related to this company. The exchange rate has now been finalized and the amount to be recorded in extraordinary income has been calculated, resulting in a forecast of JPY 68.0 billion. As a result, profit attributable to owners of parent, net of income taxes, is now expected to change from the previous forecast. Annuncio • May 09
Eisai Co., Ltd. (TSE:4523) completed the acquisition of EcoNaviSta, Inc. (TSE:5585) from a group of shareholders. Eisai Co., Ltd. (TSE:4523) proposed to acquire EcoNaviSta, Inc. (TSE:5585) from a group of shareholders for ¥17 billion on March 14, 2025. As part of transaction ¥2190 per share is paid towards the common equity of EcoNaviSta, Inc. whereas ¥21,150 yen per Second Series Share Acquisition Right, ¥18,400 yen per Third Series Share Acquisition Right, ¥18,230 yen per Fourth Series Share Acquisition Right and ¥12,460 yen per Fifth Series Share Acquisition Right is paid. The transaction is subject to minimum tender. Nomura Securities Co., Ltd. acted as financial and TMI Associates acted as legal advisor to Eisai Co., Ltd. whereas Trustees Advisory K.K. acted as financial and City-Yuwa Partners acted as legal advisor to EcoNaviSta, Inc.
Eisai Co., Ltd. (TSE:4523) completed the acquisition of EcoNaviSta, Inc. (TSE:5585) from a group of shareholders on May 7, 2025. Annuncio • Apr 28
Tokyo Gas Co.,Ltd., Annual General Meeting, Jun 27, 2025 Tokyo Gas Co.,Ltd., Annual General Meeting, Jun 27, 2025. Annuncio • Mar 26
Tokyo Gas Co.,Ltd. (TSE:9531) announces an Equity Buyback for 35,000,000 shares, representing 9.36% for ¥120,000 million. Tokyo Gas Co.,Ltd. (TSE:9531) announces a share repurchase program. Under the program, the company will repurchase up to 35,000,000 shares, representing 9.36% of its total shares outstanding (excluding treasury shares), for a total of ¥120,000 million. The purpose of repurchase program is to improve capital efficiency and control equity capital. The repurchase program is valid till September 30, 2025. As of February 28, 2025, the company had 388,893,859 issued shares and had 15,025,167 shares in treasury. Annuncio • Mar 04
Tokyo Gas Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2025 Tokyo Gas Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2025 Annuncio • Feb 19
Tokyo Gas Co.,Ltd. (TSE:9531) completed the acquisition of 20% stake in FGEN LNG Corporation from First Gen LNG Holdings Corporation. Tokyo Gas Co.,Ltd. (TSE:9531) agreed to acquire 20% stake in FGEN LNG Corporation from First Gen LNG Holdings Corporation on May 21, 2024. The deal is subject to government approvals. Mike Graffagna of Morrison & Foerster LLP (Japan) and Per Lindberg of Morrison & Foerster (Singapore) LLP acted as the legal advisor to Tokyo Gas Co.,Ltd. (TSE:9531).
Tokyo Gas Co.,Ltd. (TSE:9531) completed the acquisition of 20% stake in FGEN LNG Corporation from First Gen LNG Holdings Corporation on February 19, 2025. Annuncio • Jan 31
Tokyo Gas Co.,Ltd. (TSE:9531) announces an Equity Buyback for 14,000,000 shares, representing 3.6% for ¥40,000 million. Tokyo Gas Co.,Ltd. (TSE:9531) announces a share repurchase program. Under the program, the company will repurchase up to 14,000,000 shares, representing 3.6% of its total shares outstanding (excluding treasury shares), for a total of ¥40,000 million. The purpose of repurchase program is to improve capital efficiency and control equity capital. The repurchase program is valid till March 31, 2025. As of December 31, 2024, the company had 388,893,859 shares outstanding (excluding treasury shares) and had 7,167,263 shares in treasury. Board Change • Dec 30
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Masayuki Yamamura was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Dec 03
Tokyo Gas Co.,Ltd. to Report Q3, 2025 Results on Jan 31, 2025 Tokyo Gas Co.,Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 01
Second quarter 2025 earnings released: JP¥7.02 loss per share (vs JP¥63.13 profit in 2Q 2024) Second quarter 2025 results: JP¥7.02 loss per share (down from JP¥63.13 profit in 2Q 2024). Revenue: JP¥634.6b (up 1.9% from 2Q 2024). Net loss: JP¥2.73b (down 110% from profit in 2Q 2024). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Annuncio • Oct 30
Tokyo Gas Co.,Ltd. (TSE:9531) announces an Equity Buyback for 17,000,000 shares, representing 4.37% for ¥40,000 million. Tokyo Gas Co.,Ltd. (TSE:9531) announces a share repurchase program. Under the program, the company will repurchase up to 17,000,000 shares, representing 4.37% of its total shares outstanding (excluding treasury shares), for a total of ¥40,000 million. The purpose of repurchase program is to improve capital efficiency and control equity capital. The repurchase program is valid till March 31, 2025. As of October 18, 2024, the company had 388,893,859 shares outstanding (excluding treasury shares) and had 1,260,038 shares in treasury. Annuncio • Oct 09
Chevron Reportedly in Talks to Offload Texas Gas Assets to Tokyo Gas for Up to $1 Billion Chevron Corporation (NYSE:CVX) is in talks to sell its east Texas natural gas assets to Tokyo Gas Co.,Ltd. (TSE:9531) for up to $1 billion, the Financial Times reported on October 08, 2024, citing three people familiar with the discussions. Talks over a potential deal for Chevron’s (CVX) portfolio in the Haynesville shale have been ongoing for months, the people said, as the Japanese utility looks to boost its access to abundant U.S. reserves of the fuel and secure supplies for its home nation, which relies on fossil fuel imports to support its energy requirements. Tokyo Gas gained access to the Haynesville basin last December through a $2.7 billion deal for Rockcliff Energy. The utility is already a key producer in the basin, generating about 1.3 billion cubic feet a day of gas there. For Chevron (CVX), a deal would mark another step in its multibillion-dollar divestment plan as it looks to close its $53 billion acquisition of Hess. The energy major is looking to unload $10 billion to $15 billion of non-core assets by 2028 in an effort to optimize its global energy portfolio. In a March filing with the Securities and Exchange Commission, the company said it was “evaluating strategic opportunities” for its Haynesville acreage. The said assets include 72,000 acres of mostly undeveloped land, but it currently remains unclear how much gas the land is believed to hold. The report comes shortly Chevron (CVX) agreed to sell some of its Alberta assets worth $6.5 billion to Canadian Natural Resources. Annuncio • Sep 27
Tokyo Gas Co.,Ltd. to Report Q2, 2025 Results on Oct 30, 2024 Tokyo Gas Co.,Ltd. announced that they will report Q2, 2025 results on Oct 30, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 29 November 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.8%). New Risk • Aug 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.3% Last year net profit margin: 9.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (59% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.3% net profit margin). Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥50.17 (vs JP¥181 in 1Q 2024) First quarter 2025 results: EPS: JP¥50.17 (down from JP¥181 in 1Q 2024). Revenue: JP¥586.9b (down 9.7% from 1Q 2024). Net income: JP¥19.9b (down 74% from 1Q 2024). Profit margin: 3.4% (down from 12% in 1Q 2024). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Jul 17
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Masayuki Yamamura was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Jul 11
Final dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 27th September 2024 Payment date: 29th November 2024 Dividend yield will be 183%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 7.1% over the next 3 years. However, it would need to fall by 81% to increase the payout ratio to a potentially unsustainable range. Annuncio • Jun 28
Tokyo Gas Co.,Ltd. to Report Q1, 2025 Results on Jul 31, 2024 Tokyo Gas Co.,Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024 Annuncio • Apr 28
Tokyo Gas Co.,Ltd., Annual General Meeting, Jun 27, 2024 Tokyo Gas Co.,Ltd., Annual General Meeting, Jun 27, 2024. Reported Earnings • Apr 26
Full year 2024 earnings released: EPS: JP¥412 (vs JP¥647 in FY 2023) Full year 2024 results: EPS: JP¥412 (down from JP¥647 in FY 2023). Revenue: JP¥2.66t (down 19% from FY 2023). Net income: JP¥169.9b (down 40% from FY 2023). Profit margin: 6.4% (down from 8.5% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 26
Tokyo Gas Co.,Ltd. (TSE:9531) announces an Equity Buyback for 17,000,000 shares, representing 4.25% for ¥40,000 million. Tokyo Gas Co.,Ltd. (TSE:9531) announces a share repurchase program. Under the program, the company will repurchase up to 17,000,000 shares, representing 4.25% of its total shares outstanding (excluding treasury shares), for a total of ¥40,000 million. The purpose of repurchase program is to return profits to the shareholder based on the company’s shareholder return policy. The repurchase program is valid till March 31, 2025. As of March 31, 2024, the company had 400,452,159 shares outstanding (excluding treasury shares) and had 1,436,376 shares in treasury. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥37.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 06 June 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (7.2%). Annuncio • Mar 21
Tokyo Gas Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2024 Tokyo Gas Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2024 Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: JP¥28.56 (vs JP¥223 in 3Q 2023) Third quarter 2024 results: EPS: JP¥28.56 (down from JP¥223 in 3Q 2023). Revenue: JP¥629.9b (down 33% from 3Q 2023). Net income: JP¥11.6b (down 88% from 3Q 2023). Profit margin: 1.8% (down from 10% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.2% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Annuncio • Dec 24
Tokyo Gas Co.,Ltd. to Report Q3, 2024 Results on Jan 31, 2024 Tokyo Gas Co.,Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Annuncio • Nov 29
Tokyo Gas Reportedly Joins Race to Acquire Stake in Think Gas Distribution Tokyo Gas Co.,Ltd. (TSE:9531) has joined the race to acquire a minority stake in Think Gas Distribution Private Limited, Indian natural gas supplier owned by private equity fund I Squared Capital Advisors, LLC, said two people aware of the development. Tokyo Gas is doing due diligence at present, said sources. The potential investor will buy about 30% stake in Think Gas, valuing the company at $1 billion - $1.2 billion. Investment bank Barclays is advising I Squared for the stake sale. Mubadala Investment, the sovereign wealth fund of the United Arab Emirates, is the other major contender for the minority stake. Mubadala Investment and a couple of Japanese investors, including Sumitomo Corporation (TSE:8053), are among the contenders to acquire a 30% stake in Think Gas Distribution, ET first reported on May 12. Reported Earnings • Oct 27
Second quarter 2024 earnings released: EPS: JP¥63.13 (vs JP¥76.60 in 2Q 2023) Second quarter 2024 results: EPS: JP¥63.13 (down from JP¥76.60 in 2Q 2023). Revenue: JP¥623.0b (down 17% from 2Q 2023). Net income: JP¥26.3b (down 21% from 2Q 2023). Profit margin: 4.2% (down from 4.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 2.4% p.a. on average during the next 3 years compared to a 1.7% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥32.50 per share at 1.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 29 November 2023. Payout ratio is a comfortable 8.8% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.0%). Annuncio • Aug 25
CPC Reportedly Set for Dorado Stake CPC Corporation, Taiwan is being tipped as the most likely buyer of an additional stake in the Dorado oil and gas project off the coast of Western Australia. Owner Santos Limited (ASX:STO) is understood to have had four or five parties in a data room, in a process run by investment bank Goldman Sachs. Among them are believed to be Kufpec (Kuwait Foreign Petroleum Exploration Company K.S.C.) and at least one Japanese suitor, with Mitsui & Co., Ltd. (TSE:8031) and Mitsubishi Corporation (TSE:8058) likely candidates. Other likely parties are Tokyo Gas Co.,Ltd. (TSE:9531), Osaka Gas Co., Ltd. (TSE:9532) and Jadestone Energy plc (AIM:JSE). But the latest chatter in the market is that Santos is pinning its hopes on CPC investing further. CPC recently finalised a deal with Carnarvon, the other owner of the project, to buy a 10% interest in Dorado and its Pavo project for an all-up payment of $146 million. Santos has an 80% interest in Dorado and the thinking in the market is that it remains keen to reduce that exposure to about 60%. Azure Capital-advised Carnarvon Energy was the only other holder before CPC bought in. Dorado, once owned by Woodside Petroleum and later Quadrant Energy before it was purchased by Santos, is an integrated oil and gas project that will be developed in two phases. It is located in the Bedout sub-basin, about 140km off the coast of WA's Port Hedland. Annuncio • Aug 18
Tokyo Gas Co.,Ltd. to Report Q2, 2024 Results on Oct 26, 2023 Tokyo Gas Co.,Ltd. announced that they will report Q2, 2024 results on Oct 26, 2023 Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: JP¥181 (vs JP¥88.06 in 1Q 2023) First quarter 2024 results: EPS: JP¥181 (up from JP¥88.06 in 1Q 2023). Revenue: JP¥649.7b (up 6.5% from 1Q 2023). Net income: JP¥77.7b (up 102% from 1Q 2023). Profit margin: 12% (up from 6.3% in 1Q 2023). Revenue is forecast to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Jul 09
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Outside Independent Director Tsutomu Tannowa was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jun 16
Tokyo Gas Co.,Ltd. to Report Q1, 2024 Results on Jul 27, 2023 Tokyo Gas Co.,Ltd. announced that they will report Q1, 2024 results on Jul 27, 2023 Board Change • May 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. President, CEO, Representative Corporate Executive Officer & Director Shinichi Sasayama was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 28
Full year 2023 earnings released: EPS: JP¥647 (vs JP¥202 in FY 2022) Full year 2023 results: EPS: JP¥647 (up from JP¥202 in FY 2022). Revenue: JP¥3.29t (up 53% from FY 2022). Net income: JP¥280.9b (up 217% from FY 2022). Profit margin: 8.5% (up from 4.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 2.9% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥32.50 per share at 2.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 6.8% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.7%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥223 (vs JP¥4.56 in 3Q 2022) Third quarter 2023 results: EPS: JP¥223 (up from JP¥4.56 in 3Q 2022). Revenue: JP¥938.9b (up 82% from 3Q 2022). Net income: JP¥96.5b (up JP¥94.5b from 3Q 2022). Profit margin: 10% (up from 0.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annuncio • Dec 26
Tokyo Gas Co.,Ltd. to Report Q3, 2023 Results on Jan 31, 2023 Tokyo Gas Co.,Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Nov 17
Second quarter 2023 earnings released: EPS: JP¥76.60 (vs JP¥36.49 in 2Q 2022) Second quarter 2023 results: EPS: JP¥76.60 (up from JP¥36.49 in 2Q 2022). Revenue: JP¥751.3b (up 62% from 2Q 2022). Net income: JP¥33.2b (up 107% from 2Q 2022). Profit margin: 4.4% (up from 3.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.7% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 28
Second quarter 2023 earnings released: EPS: JP¥76.60 (vs JP¥36.49 in 2Q 2022) Second quarter 2023 results: EPS: JP¥76.60 (up from JP¥36.49 in 2Q 2022). Revenue: JP¥751.3b (up 62% from 2Q 2022). Net income: JP¥33.2b (up 107% from 2Q 2022). Profit margin: 4.4% (up from 3.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annuncio • Sep 24
Tokyo Gas Co.,Ltd. to Report Q2, 2023 Results on Oct 27, 2022 Tokyo Gas Co.,Ltd. announced that they will report Q2, 2023 results on Oct 27, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥32.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 29 November 2022. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.9%). Board Change • Jul 31
High number of new directors Independent Outside Director Hiroyuki Sekiguchi was the last director to join the board, commencing their role in 2022. Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥88.06 (vs JP¥35.92 in 1Q 2022) First quarter 2023 results: EPS: JP¥88.06 (up from JP¥35.92 in 1Q 2022). Revenue: JP¥609.9b (up 49% from 1Q 2022). Net income: JP¥38.4b (up 143% from 1Q 2022). Profit margin: 6.3% (up from 3.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 14% compared to a 12% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annuncio • Jun 25
Tokyo Gas Co.,Ltd. to Report Q1, 2023 Results on Jul 27, 2022 Tokyo Gas Co.,Ltd. announced that they will report Q1, 2023 results on Jul 27, 2022 Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: JP¥202 (vs JP¥112 in FY 2021) Full year 2022 results: EPS: JP¥202 (up from JP¥112 in FY 2021). Revenue: JP¥2.15t (up 22% from FY 2021). Net income: JP¥88.7b (up 79% from FY 2021). Profit margin: 4.1% (up from 2.8% in FY 2021). Over the next year, revenue is forecast to grow 17% compared to a 6.4% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Mami Indo was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annuncio • Apr 08
Tokyo Gas Co.,Ltd. to Report Fiscal Year 2022 Results on Apr 27, 2022 Tokyo Gas Co.,Ltd. announced that they will report fiscal year 2022 results on Apr 27, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (5.5%). Reported Earnings • Jan 29
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥4.56 (down from JP¥36.39 in 3Q 2021). Revenue: JP¥514.9b (up 27% from 3Q 2021). Net income: JP¥2.00b (down 88% from 3Q 2021). Profit margin: 0.4% (down from 4.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 12%. Over the next year, revenue is forecast to grow 6.3% compared to a 5.1% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS JP¥36.49 (vs JP¥29.47 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥464.4b (up 13% from 2Q 2021). Net income: JP¥16.0b (up 23% from 2Q 2021). Profit margin: 3.5% (up from 3.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 27 November 2021. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (6.1%). Reported Earnings • Jul 29
First quarter 2022 earnings released: EPS JP¥35.92 (vs JP¥37.08 in 1Q 2021) The company reported a poor first quarter result with weaker earnings and revenues, although profit margins were flat. First quarter 2022 results: Revenue: JP¥408.2b (down 1.8% from 1Q 2021). Net income: JP¥15.8b (down 3.3% from 1Q 2021). Profit margin: 3.9% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • May 01
Full year 2021 earnings released: EPS JP¥112 (vs JP¥98.07 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥1.77t (down 8.3% from FY 2020). Net income: JP¥49.5b (up 14% from FY 2020). Profit margin: 2.8% (up from 2.3% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 24
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (6.1%). Annuncio • Mar 06
Tokyo Gas Co.,Ltd. to Report Fiscal Year 2021 Results on Apr 28, 2021 Tokyo Gas Co.,Ltd. announced that they will report fiscal year 2021 results on Apr 28, 2021 Is New 90 Day High Low • Feb 27
New 90-day low: €16.70 The company is down 14% from its price of €19.40 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.91 per share. Reported Earnings • Feb 21
Third quarter 2021 earnings released: EPS JP¥36.39 (vs JP¥12.04 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥405.4b (down 10% from 3Q 2020). Net income: JP¥16.0b (up 202% from 3Q 2020). Profit margin: 4.0% (up from 1.2% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 21
Revenue misses expectations Revenue missed analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 2.3%, compared to a 3.7% growth forecast for the Gas Utilities industry in Germany. Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS JP¥36.39 (vs JP¥12.04 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥405.4b (down 10% from 3Q 2020). Net income: JP¥16.0b (up 202% from 3Q 2020). Profit margin: 4.0% (up from 1.2% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue misses expectations Revenue missed analyst estimates by 2.6%. Over the next year, revenue is forecast to stay flat compared to a 3.0% growth forecast for the Gas Utilities industry in Germany. Analyst Estimate Surprise Post Earnings • Nov 17
Revenue beats expectations Revenue exceeded analyst estimates by 8.1%. Over the next year, revenue is expected to shrink by 4.6% compared to a 1.7% growth forecast for the Gas Utilities industry in Germany. Reported Earnings • Nov 17
Second quarter 2021 earnings released: EPS JP¥29.47 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥412.4b (down 7.0% from 2Q 2020). Net income: JP¥13.0b (up JP¥19.6b from 2Q 2020). Profit margin: 3.2% (up from net loss in 2Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 11
New 90-day high: €20.20 The company is up 11% from its price of €18.20 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.33 per share. Reported Earnings • Nov 01
First half earnings released Over the last 12 months the company has reported total profits of JP¥44.4b, down 48% from the prior year. Total revenue was JP¥1.84t over the last 12 months, down 9.7% from the prior year. Analyst Estimate Surprise Post Earnings • Nov 01
Semi-annual earnings released: Revenue beats expectations Semi-annual revenue exceeded analyst estimates by 8.1% at JP¥828.1b. Revenue is expected to shrink by 7.9% over the next year, compared to a 2.0% growth forecast for the Gas Utilities industry in Germany. Annuncio • Sep 06
Tokyo Gas Co.,Ltd. to Report Q2, 2021 Results on Oct 29, 2020 Tokyo Gas Co.,Ltd. announced that they will report Q2, 2021 results on Oct 29, 2020 Annuncio • Jun 29
Tokyo Gas Co.,Ltd. to Report Q1, 2021 Results on Jul 29, 2020 Tokyo Gas Co.,Ltd. announced that they will report Q1, 2021 results on Jul 29, 2020