View ValuationToho Gas 将来の成長Future 基準チェック /06Toho Gasの収益は年間7.9%で減少すると予測されていますが、年間収益は年間0.1%で増加すると予測されています。EPS は年間 減少すると予測されています。自己資本利益率は 3 年後に5.2% 2.9%なると予測されています。主要情報-7.9%収益成長率-2.92%EPS成長率Gas Utilities 収益成長-4.6%収益成長率0.1%将来の株主資本利益率5.20%アナリストカバレッジLow最終更新日19 May 2026今後の成長に関する最新情報Price Target Changed • Mar 28Price target increased by 9.4% to JP¥4,273Up from JP¥3,907, the current price target is an average from 3 analysts. New target price is 12% below last closing price of JP¥4,862. Stock is up 15% over the past year. The company is forecast to post earnings per share of JP¥305 for next year compared to JP¥252 last year.Price Target Changed • Aug 22Price target decreased by 19% to JP¥3,350Down from JP¥4,130, the current price target is an average from 2 analysts. New target price is 27% below last closing price of JP¥4,611. Stock is up 5.7% over the past year. The company is forecast to post earnings per share of JP¥296 for next year compared to JP¥252 last year.Major Estimate Revision • May 21Consensus EPS estimates increase by 20%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from JP¥632.0b to JP¥624.6b. EPS estimate rose from JP¥207 to JP¥248. Net income forecast to shrink 8.5% next year vs 3.8% decline forecast for Gas Utilities industry in Japan. Consensus price target broadly unchanged at JP¥4,097. Share price fell 3.2% to JP¥4,063 over the past week.Price Target Changed • Aug 20Price target increased by 42% to JP¥4,120Up from JP¥2,905, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥4,334. Stock is up 72% over the past year. The company is forecast to post earnings per share of JP¥220 for next year compared to JP¥260 last year.Price Target Changed • Aug 13Price target increased by 7.9% to JP¥2,945Up from JP¥2,730, the current price target is an average from 2 analysts. New target price is 31% below last closing price of JP¥4,283. Stock is up 71% over the past year. The company is forecast to post earnings per share of JP¥214 for next year compared to JP¥260 last year.Major Estimate Revision • May 15Consensus EPS estimates increase by 17%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from JP¥661.8b to JP¥640.0b. EPS estimate rose from JP¥180 to JP¥211. Net income forecast to shrink 20% next year vs 14% decline forecast for Gas Utilities industry in Japan. Consensus price target up from JP¥2,730 to JP¥2,905. Share price fell 5.1% to JP¥3,840 over the past week.すべての更新を表示Recent updatesライブニュース • May 17Toho Gas Sets FY2026 Dividend at ¥90 and Announces Four-for-One Stock SplitToho Gas plans to raise its total annual dividend for the fiscal year ending March 31, 2026 to 90 yen per share, with a year-end dividend of 45 yen. The company links this higher dividend level to its Medium-Term Management Plan, which emphasizes progressive shareholder returns alongside profit growth. Toho Gas will conduct a four-for-one stock split effective April 1, 2026, and post-split it forecasts a dividend of 22.50 yen per share for FY2026. The combination of a higher total dividend and a stock split signals that management is aligning its capital policy with the Medium-Term Management Plan focus on shareholder returns while keeping the per-share payout consistent after the split. For you, the key things to watch are how the split affects liquidity and investor interest, and whether future earnings and cash flows support maintaining or adjusting this indicated dividend level.Reported Earnings • May 01Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥335 (up from JP¥62.95 in FY 2025). Revenue: JP¥651.1b (flat on FY 2025). Net income: JP¥31.4b (up 24% from FY 2025). Profit margin: 4.8% (up from 3.9% in FY 2025). Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 9.8%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year and the company’s share price has also increased by 25% per year.お知らせ • Apr 30Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2026Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2026.お知らせ • Mar 31Toho Gas Co., Ltd. (TSE:9533) announces an Equity Buyback for 4,000,000 shares, representing 4.4% for ¥15,000 million.Toho Gas Co., Ltd. (TSE:9533) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 4.4% of its share capital, for ¥15,000 million. The company will repurchase its shares in order to implement flexible capital policies. The share repurchase program will run until September 30, 2026. As of March 30, 2026, the company had 90,992,130 shares outstanding (excluding treasury shares) and 7,227,955 shares in treasury.Price Target Changed • Mar 28Price target increased by 9.4% to JP¥4,273Up from JP¥3,907, the current price target is an average from 3 analysts. New target price is 12% below last closing price of JP¥4,862. Stock is up 15% over the past year. The company is forecast to post earnings per share of JP¥305 for next year compared to JP¥252 last year.Upcoming Dividend • Mar 23Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.8%).分析記事 • Feb 13Toho Gas (TSE:9533) Will Pay A Dividend Of ¥45.00The board of Toho Gas Co., Ltd. ( TSE:9533 ) has announced that it will pay a dividend of ¥45.00 per share on the 26th...Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥41.13 (vs JP¥40.59 in 3Q 2025)Third quarter 2026 results: EPS: JP¥41.13. Revenue: JP¥158.2b (down 5.4% from 3Q 2025). Net income: JP¥3.82b (down 5.7% from 3Q 2025). Profit margin: 2.4% (in line with 3Q 2025). Revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Asia are expected to grow by 3.2%.分析記事 • Jan 30Toho Gas (TSE:9533) Is Due To Pay A Dividend Of ¥45.00Toho Gas Co., Ltd.'s ( TSE:9533 ) investors are due to receive a payment of ¥45.00 per share on 26th of June. This...お知らせ • Jan 30Toho Gas Co., Ltd. to Report Fiscal Year 2026 Results on Apr 30, 2026Toho Gas Co., Ltd. announced that they will report fiscal year 2026 results on Apr 30, 2026分析記事 • Jan 09Is Toho Gas (TSE:9533) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Dec 22We Like These Underlying Return On Capital Trends At Toho Gas (TSE:9533)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...お知らせ • Dec 03Toho Gas Co., Ltd. to Report Q3, 2026 Results on Jan 30, 2026Toho Gas Co., Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026分析記事 • Nov 29Toho Gas (TSE:9533) Has Announced A Dividend Of ¥45.00Toho Gas Co., Ltd. ( TSE:9533 ) will pay a dividend of ¥45.00 on the 26th of June. Based on this payment, the dividend...Declared Dividend • Nov 29First half dividend of JP¥45.00 announcedShareholders will receive a dividend of JP¥45.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 1.8%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 12% over the next 3 years. However, it would need to fall by 84% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Oct 30Second quarter 2026 earnings released: EPS: JP¥38.28 (vs JP¥42.37 in 2Q 2025)Second quarter 2026 results: EPS: JP¥38.28 (down from JP¥42.37 in 2Q 2025). Revenue: JP¥145.7b (down 1.1% from 2Q 2025). Net income: JP¥3.62b (down 16% from 2Q 2025). Profit margin: 2.5% (down from 2.9% in 2Q 2025). Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Asia are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.お知らせ • Sep 30Toho Gas Co., Ltd. (TSE:9533) announces an Equity Buyback for 5,000,000 shares, representing 5.31% for ¥15,000 million.Toho Gas Co., Ltd. (TSE:9533) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 5.31% of its share capital, for ¥15,000 million. The company will repurchase its shares in order to implement flexible capital policies. The share repurchase program will run until March 31, 2026. As of September 29, 2025, the company had 94,073,506 shares outstanding (excluding treasury shares) and 4,146,579 shares in treasury.Upcoming Dividend • Sep 22Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 01 December 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.2%).分析記事 • Aug 25Toho Gas Co., Ltd.'s (TSE:9533) Business Is Yet to Catch Up With Its Share PriceWith a median price-to-earnings (or "P/E") ratio of close to 15x in Japan, you could be forgiven for feeling...Price Target Changed • Aug 22Price target decreased by 19% to JP¥3,350Down from JP¥4,130, the current price target is an average from 2 analysts. New target price is 27% below last closing price of JP¥4,611. Stock is up 5.7% over the past year. The company is forecast to post earnings per share of JP¥296 for next year compared to JP¥252 last year.Reported Earnings • Jul 31First quarter 2026 earnings released: EPS: JP¥172 (vs JP¥131 in 1Q 2025)First quarter 2026 results: EPS: JP¥172 (up from JP¥131 in 1Q 2025). Revenue: JP¥161.5b (up 11% from 1Q 2025). Net income: JP¥16.6b (up 22% from 1Q 2025). Profit margin: 10% (in line with 1Q 2025). Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Asia are expected to grow by 1.6%. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Jul 31Toho Gas Co., Ltd. to Report Q2, 2026 Results on Oct 28, 2025Toho Gas Co., Ltd. announced that they will report Q2, 2026 results on Oct 28, 2025分析記事 • Jul 17Toho Gas (TSE:9533) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Declared Dividend • Jul 09Final dividend of JP¥45.00 announcedShareholders will receive a dividend of JP¥45.00. Ex-date: 29th September 2025 Payment date: 1st December 2025 Dividend yield will be 2.0%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 2.6% over the next 3 years. However, it would need to fall by 62% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Jun 29Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: JP¥252 (down from JP¥260 in FY 2024). Revenue: JP¥656.0b (up 3.6% from FY 2024). Net income: JP¥25.5b (down 6.8% from FY 2024). Profit margin: 3.9% (down from 4.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 2.8%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • May 24The Returns At Toho Gas (TSE:9533) Aren't GrowingIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Major Estimate Revision • May 21Consensus EPS estimates increase by 20%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from JP¥632.0b to JP¥624.6b. EPS estimate rose from JP¥207 to JP¥248. Net income forecast to shrink 8.5% next year vs 3.8% decline forecast for Gas Utilities industry in Japan. Consensus price target broadly unchanged at JP¥4,097. Share price fell 3.2% to JP¥4,063 over the past week.お知らせ • May 14Toho Gas Co., Ltd. to Report Q1, 2026 Results on Jul 30, 2025Toho Gas Co., Ltd. announced that they will report Q1, 2026 results on Jul 30, 2025分析記事 • May 07We Think That There Are More Issues For Toho Gas (TSE:9533) Than Just Sluggish EarningsThe subdued market reaction suggests that Toho Gas Co., Ltd.'s ( TSE:9533 ) recent earnings didn't contain any...Reported Earnings • May 01Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: JP¥252 (down from JP¥260 in FY 2024). Revenue: JP¥656.0b (up 3.6% from FY 2024). Net income: JP¥25.5b (down 6.8% from FY 2024). Profit margin: 3.9% (down from 4.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 2.8%. Revenue is forecast to stay flat during the next 3 years compared to a 1.3% growth forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 30Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2025Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2025.お知らせ • Mar 27Toho Gas Co., Ltd. (TSE:9533) announces an Equity Buyback for 5,000,000 shares, representing 5.12% for ¥15,000 million.Toho Gas Co., Ltd. (TSE:9533) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 5.12% of its share capital, for ¥15,000 million. The company will repurchase its shares in order to implement flexible capital policies. The share repurchase program will run until September 30, 2025. As of March 26, 2025, the company had 105,97,595,853 shares outstanding (excluding treasury shares) and 7,660,432 shares in treasury.Upcoming Dividend • Mar 21Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.2%).分析記事 • Feb 19A Look At The Intrinsic Value Of Toho Gas Co., Ltd. (TSE:9533)Key Insights Toho Gas' estimated fair value is JP¥3,939 based on 2 Stage Free Cash Flow to Equity With JP¥4,002 share...お知らせ • Feb 03Toho Gas Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2025Toho Gas Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2025Reported Earnings • Jan 31Third quarter 2025 earnings released: EPS: JP¥40.59 (vs JP¥8.34 in 3Q 2024)Third quarter 2025 results: EPS: JP¥40.59 (up from JP¥8.34 in 3Q 2024). Revenue: JP¥167.2b (up 13% from 3Q 2024). Net income: JP¥4.05b (up 362% from 3Q 2024). Profit margin: 2.4% (up from 0.6% in 3Q 2024). 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 Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.分析記事 • Jan 26Toho Gas Co., Ltd.'s (TSE:9533) Share Price Not Quite Adding UpWith a price-to-earnings (or "P/E") ratio of 19x Toho Gas Co., Ltd. ( TSE:9533 ) may be sending bearish signals at the...Buy Or Sell Opportunity • Jan 24Now 20% undervaluedOver the last 90 days, the stock has risen 3.8% to JP¥3,871. The fair value is estimated to be JP¥4,843, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 2.3% in 2 years. Earnings are forecast to grow by 12% in the next 2 years.分析記事 • Jan 09Be Wary Of Toho Gas (TSE:9533) And Its Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...分析記事 • Dec 06Is Toho Gas (TSE:9533) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Buy Or Sell Opportunity • Dec 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.3% to JP¥3,820. The fair value is estimated to be JP¥4,859, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 2.3% in 2 years. Earnings are forecast to grow by 12% in the next 2 years.Declared Dividend • Nov 30First half dividend of JP¥40.00 announcedShareholders will receive a dividend of JP¥40.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 2.0%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (20% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 5.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Nov 19Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.6% to JP¥3,872. The fair value is estimated to be JP¥4,859, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 2.3% in 2 years. Earnings are forecast to grow by 4.5% in the next 2 years.分析記事 • Nov 16Estimating The Intrinsic Value Of Toho Gas Co., Ltd. (TSE:9533)Key Insights Toho Gas' estimated fair value is JP¥4,859 based on 2 Stage Free Cash Flow to Equity With JP¥3,891 share...New Risk • Nov 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.09% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.09% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (3.3% net profit margin).お知らせ • Nov 05Toho Gas Co., Ltd. to Report Q3, 2025 Results on Jan 30, 2025Toho Gas Co., Ltd. announced that they will report Q3, 2025 results on Jan 30, 2025Reported Earnings • Nov 01Second quarter 2025 earnings released: EPS: JP¥42.37 (vs JP¥57.07 in 2Q 2024)Second quarter 2025 results: EPS: JP¥42.37 (down from JP¥57.07 in 2Q 2024). Revenue: JP¥147.3b (up 1.1% from 2Q 2024). Net income: JP¥4.33b (down 28% from 2Q 2024). Profit margin: 2.9% (down from 4.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.5% growth forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Oct 17Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.5% to JP¥3,842. The fair value is estimated to be JP¥4,825, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to grow by 2.5% in 2 years. Earnings are forecast to decline by 3.4% in the next 2 years.分析記事 • Oct 11Toho Gas Co., Ltd.'s (TSE:9533) Business Is Yet to Catch Up With Its Share PriceWith a price-to-earnings (or "P/E") ratio of 17.8x Toho Gas Co., Ltd. ( TSE:9533 ) may be sending bearish signals at...Upcoming Dividend • Sep 20Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.5%).分析記事 • Sep 11Toho Gas (TSE:9533) Could Be Struggling To Allocate CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...Price Target Changed • Aug 20Price target increased by 42% to JP¥4,120Up from JP¥2,905, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥4,334. Stock is up 72% over the past year. The company is forecast to post earnings per share of JP¥220 for next year compared to JP¥260 last year.Price Target Changed • Aug 13Price target increased by 7.9% to JP¥2,945Up from JP¥2,730, the current price target is an average from 2 analysts. New target price is 31% below last closing price of JP¥4,283. Stock is up 71% over the past year. The company is forecast to post earnings per share of JP¥214 for next year compared to JP¥260 last year.分析記事 • Aug 08Toho Gas' (TSE:9533) Dividend Will Be ¥40.00Toho Gas Co., Ltd.'s ( TSE:9533 ) investors are due to receive a payment of ¥40.00 per share on 2nd of December. The...Reported Earnings • Aug 02First quarter 2025 earnings released: EPS: JP¥131 (vs JP¥177 in 1Q 2024)First quarter 2025 results: EPS: JP¥131 (down from JP¥177 in 1Q 2024). Revenue: JP¥146.1b (down 5.9% from 1Q 2024). Net income: JP¥13.7b (down 27% from 1Q 2024). Profit margin: 9.4% (down from 12% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.5% growth forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • Aug 01Toho Gas Co., Ltd. to Report Q2, 2025 Results on Oct 30, 2024Toho Gas Co., Ltd. announced that they will report Q2, 2025 results on Oct 30, 2024New Risk • Jul 31New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.5% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change).Valuation Update With 7 Day Price Move • Jul 31Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥4,648, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Gas Utilities industry in Japan. Total loss to shareholders of 9.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,887 per share.分析記事 • Jul 25Toho Gas' (TSE:9533) Dividend Will Be ¥40.00Toho Gas Co., Ltd. ( TSE:9533 ) has announced that it will pay a dividend of ¥40.00 per share on the 2nd of December...分析記事 • Jul 11Toho Gas (TSE:9533) Has Announced A Dividend Of ¥40.00Toho Gas Co., Ltd.'s ( TSE:9533 ) investors are due to receive a payment of ¥40.00 per share on 2nd of December. The...Declared Dividend • Jul 11Final dividend of JP¥40.00 announcedShareholders will receive a dividend of JP¥40.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 2.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (15% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 5.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 12% over the next 3 years. However, it would need to fall by 83% to increase the payout ratio to a potentially unsustainable range.分析記事 • Jun 28Toho Gas Co., Ltd.'s (TSE:9533) Popularity With Investors Is Under Threat From OverpricingIt's not a stretch to say that Toho Gas Co., Ltd.'s ( TSE:9533 ) price-to-earnings (or "P/E") ratio of 14.8x right now...お知らせ • Jun 08Toho Gas Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024Toho Gas Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024分析記事 • May 21Investors Will Want Toho Gas' (TSE:9533) Growth In ROCE To PersistIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...Major Estimate Revision • May 15Consensus EPS estimates increase by 17%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from JP¥661.8b to JP¥640.0b. EPS estimate rose from JP¥180 to JP¥211. Net income forecast to shrink 20% next year vs 14% decline forecast for Gas Utilities industry in Japan. Consensus price target up from JP¥2,730 to JP¥2,905. Share price fell 5.1% to JP¥3,840 over the past week.お知らせ • Apr 27Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2024Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2024.Reported Earnings • Apr 26Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: JP¥260 (down from JP¥321 in FY 2023). Revenue: JP¥633.0b (down 10% from FY 2023). Net income: JP¥27.3b (down 19% from FY 2023). Profit margin: 4.3% (down from 4.8% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) exceeded analyst estimates by 1.1%. Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, while revenues in the Gas Utilities industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Apr 26Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥4,135, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Gas Utilities industry in Japan. Total loss to shareholders of 28% over the past three years.分析記事 • Apr 10Is Toho Gas (TSE:9533) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...お知らせ • Mar 29Toho Gas Co., Ltd. (TSE:9533) announces an Equity Buyback for 4,000,000 shares, representing 3.8% for ¥10,000 million.Toho Gas Co., Ltd. (TSE:9533) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 3.8% of its share capital, for ¥10,000 million. The company will repurchase its shares in order to execute timely and flexible capital policy measures. The share repurchase program will run until September 30, 2024. As of February 29, 2024, the company had 105,141,299 shares outstanding (excluding treasury shares) and 114,986 shares in treasury.Upcoming Dividend • Mar 21Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.0%).分析記事 • Feb 29Toho Gas Co., Ltd.'s (TSE:9533) Shares Lagging The Market But So Is The BusinessWith a price-to-earnings (or "P/E") ratio of 7.6x Toho Gas Co., Ltd. ( TSE:9533 ) may be sending bullish signals at the...お知らせ • Feb 01Toho Gas Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2024Toho Gas Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2024Reported Earnings • Feb 01Third quarter 2024 earnings released: EPS: JP¥8.34 (vs JP¥98.45 in 3Q 2023)Third quarter 2024 results: EPS: JP¥8.34 (down from JP¥98.45 in 3Q 2023). Revenue: JP¥148.7b (down 19% from 3Q 2023). Net income: JP¥877.0m (down 92% from 3Q 2023). Profit margin: 0.6% (down from 5.6% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 5.7% p.a. on average during the next 3 years compared to a 1.5% decline forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.Price Target Changed • Dec 16Price target increased by 33% to JP¥2,860Up from JP¥2,145, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥2,724. Stock is up 5.5% over the past year. The company is forecast to post earnings per share of JP¥220 for next year compared to JP¥321 last year.お知らせ • Nov 09Toho Gas Co., Ltd. to Report Q3, 2024 Results on Jan 30, 2024Toho Gas Co., Ltd. announced that they will report Q3, 2024 results on Jan 30, 2024Reported Earnings • Nov 02Second quarter 2024 earnings released: EPS: JP¥57.07 (vs JP¥32.63 loss in 2Q 2023)Second quarter 2024 results: EPS: JP¥57.07 (up from JP¥32.63 loss in 2Q 2023). Revenue: JP¥145.6b (down 8.0% from 2Q 2023). Net income: JP¥6.00b (up JP¥9.43b from 2Q 2023). Profit margin: 4.1% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Revenue is expected to fall by 4.1% p.a. on average during the next 3 years compared to a 2.6% decline forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 21Upcoming dividend of JP¥30.00 per share at 2.2% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (2.2%).お知らせ • Jul 29Toho Gas Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023Toho Gas Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023Reported Earnings • Jul 28First quarter 2024 earnings released: EPS: JP¥177 (vs JP¥98.20 in 1Q 2023)First quarter 2024 results: EPS: JP¥177 (up from JP¥98.20 in 1Q 2023). Revenue: JP¥155.3b (up 7.4% from 1Q 2023). Net income: JP¥18.6b (up 80% from 1Q 2023). Profit margin: 12% (up from 7.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to fall by 1.1% p.a. on average during the next 3 years compared to a 2.5% decline forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.お知らせ • May 15Toho Gas Co., Ltd. to Report Q1, 2024 Results on Jul 27, 2023Toho Gas Co., Ltd. announced that they will report Q1, 2024 results on Jul 27, 2023Major Estimate Revision • May 10Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥611.4b to JP¥621.4b. EPS estimate increased from JP¥165 to JP¥183 per share. Net income forecast to shrink 44% next year vs 11% growth forecast for Gas Utilities industry in Japan . Consensus price target of JP¥1,280 unchanged from last update. Share price was steady at JP¥2,560 over the past week.Price Target Changed • May 03Price target decreased by 35% to JP¥1,280Down from JP¥1,955, the current price target is provided by 1 analyst. New target price is 50% below last closing price of JP¥2,543. Stock is down 13% over the past year. The company is forecast to post earnings per share of JP¥165 for next year compared to JP¥321 last year.Reported Earnings • Apr 29Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: JP¥321 (up from JP¥147 in FY 2022). Revenue: JP¥706.1b (up 37% from FY 2022). Net income: JP¥33.7b (up 118% from FY 2022). Profit margin: 4.8% (up from 3.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 61%. Revenue is expected to fall by 1.9% p.a. on average during the next 3 years compared to a 2.4% decline forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.Upcoming Dividend • Mar 23Upcoming dividend of JP¥30.00 per share at 2.4% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.7%).Major Estimate Revision • Feb 12Consensus EPS estimates increase by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from JP¥630.0b to JP¥670.0b. EPS estimate increased from JP¥162 to JP¥200 per share. Net income forecast to shrink 37% next year vs 5.0% growth forecast for Gas Utilities industry in Japan . Consensus price target broadly unchanged at JP¥1,945. Share price was steady at JP¥2,484 over the past week.Reported Earnings • Jan 28Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: JP¥98.45 (up from JP¥9.32 in 3Q 2022). Revenue: JP¥183.2b (up 43% from 3Q 2022). Net income: JP¥10.3b (up JP¥9.37b from 3Q 2022). Profit margin: 5.6% (up from 0.8% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to decline by 6.1% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.お知らせ • Jan 27Toho Gas Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2023Toho Gas Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2023Major Estimate Revision • Dec 01Consensus EPS estimates increase by 21%The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥600.0b to JP¥630.0b. EPS estimate increased from JP¥133 to JP¥162 per share. Net income forecast to shrink 12% next year vs 13% growth forecast for Gas Utilities industry in Japan . Consensus price target of JP¥1,955 unchanged from last update. Share price fell 3.8% to JP¥2,675 over the past week.お知らせ • Nov 30Toho Gas Co., Ltd. to Report Q3, 2023 Results on Jan 27, 2023Toho Gas Co., Ltd. announced that they will report Q3, 2023 results on Jan 27, 2023Reported Earnings • Nov 16Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: JP¥32.63 loss per share (further deteriorated from JP¥22.75 loss in 2Q 2022). Revenue: JP¥158.3b (up 51% from 2Q 2022). Net loss: JP¥3.43b (loss widened 43% from 2Q 2022). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Japan are expected to remain flat. 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 13% per year, which means it has not declined as severely as earnings.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Taku Oshima was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Oct 28Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: JP¥32.63 loss per share (further deteriorated from JP¥22.75 loss in 2Q 2022). Revenue: JP¥158.3b (up 51% from 2Q 2022). Net loss: JP¥3.43b (loss widened 43% from 2Q 2022). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Japan are expected to remain flat. 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 13% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Sep 22Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.6%).Major Estimate Revision • Aug 31Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 revenue forecast fell from JP¥615.0b to JP¥607.5b. EPS estimate rose from JP¥133 to JP¥162. Net income forecast to shrink 17% next year vs 12% decline forecast for Gas Utilities industry in Japan. Consensus price target of JP¥1,300 unchanged from last update. Share price fell 2.3% to JP¥3,125 over the past week.Reported Earnings • Jul 30First quarter 2023 earnings released: EPS: JP¥98.20 (vs JP¥50.42 in 1Q 2022)First quarter 2023 results: EPS: JP¥98.20 (up from JP¥50.42 in 1Q 2022). Revenue: JP¥144.5b (up 41% from 1Q 2022). Net income: JP¥10.3b (up 94% from 1Q 2022). Profit margin: 7.1% (up from 5.2% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.8%, compared to a 22% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 36% 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.Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥3,270, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Gas Utilities industry in Japan. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,036 per share.業績と収益の成長予測TSE:9533 - アナリストの将来予測と過去の財務データ ( )JPY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/2029646,75023,150-1,200N/A23/31/2028643,53322,567-12,100N/A33/31/2027636,96723,650-11,800N/A33/31/2026651,08531,44924,64065,607N/A12/31/2025660,81527,468N/AN/AN/A9/30/2025669,76727,70141,39483,381N/A6/30/2025671,37728,407N/AN/AN/A3/31/2025656,01025,45438,85383,096N/A12/31/2024644,00323,873N/AN/AN/A9/30/2024625,48320,69611,01654,462N/A6/30/2024623,81322,368N/AN/AN/A3/31/2024632,98527,3049,84147,376N/A12/31/2023669,64141,955N/AN/AN/A9/30/2023704,13651,42749,55190,540N/A6/30/2023716,83341,997N/AN/AN/A3/31/2023706,07333,72116,68556,414N/A12/31/2022665,20528,795N/AN/AN/A9/30/2022610,27619,428-1,44435,120N/A6/30/2022557,03920,456N/AN/AN/A3/31/2022515,31315,459-3,59635,436N/A12/31/2021468,331-468N/AN/AN/A9/30/2021439,963-246-2,53733,211N/A6/30/2021435,9257,180N/AN/AN/A3/31/2021434,7768,59230,09264,397N/A12/31/2020448,25613,015N/AN/AN/A9/30/2020458,20013,24033,94568,999N/A6/30/2020466,96610,437N/AN/AN/A3/31/2020485,62316,26634,81068,376N/A12/31/2019483,74526,847N/AN/AN/A9/30/2019490,69925,317N/A57,611N/A6/30/2019480,72521,359N/AN/AN/A3/31/2019461,19914,820N/A32,615N/A12/31/2018448,62110,583N/AN/AN/A9/30/2018439,62714,881N/A47,836N/A6/30/2018431,82817,095N/AN/AN/A3/31/2018428,86818,022N/A57,047N/A12/31/2017420,03616,554N/AN/AN/A9/30/2017403,19611,719N/A37,469N/A6/30/2017392,38311,790N/AN/AN/A3/31/2017390,43317,749N/A37,264N/A12/31/2016404,52623,452N/AN/AN/A9/30/2016419,69127,474N/A54,258N/A6/30/2016444,44533,549N/AN/AN/A3/31/2016479,87043,008N/A114,923N/A12/31/2015520,17940,951N/AN/AN/A9/30/2015552,91536,099N/A108,128N/A6/30/2015576,20631,866N/AN/AN/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 9533の収益は今後 3 年間で減少すると予測されています (年間-7.9% )。収益対市場: 9533の収益は今後 3 年間で減少すると予測されています (年間-7.9% )。高成長収益: 9533の収益は今後 3 年間で減少すると予測されています。収益対市場: 9533の収益 ( 0.1% ) JP市場 ( 5.3% ) よりも低い成長が予測されています。高い収益成長: 9533の収益 ( 0.1% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 9533の 自己資本利益率 は、3年後には低くなると予測されています ( 5.2 %)。成長企業の発掘7D1Y7D1Y7D1YUtilities 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 07:46終値2026/05/22 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Toho Gas Co., Ltd. 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。13 アナリスト機関Takahiro MoriBofA Global ResearchTakashi MiyazakiCitigroup IncSyusaku NishikawaDaiwa Securities Co. Ltd.10 その他のアナリストを表示
Price Target Changed • Mar 28Price target increased by 9.4% to JP¥4,273Up from JP¥3,907, the current price target is an average from 3 analysts. New target price is 12% below last closing price of JP¥4,862. Stock is up 15% over the past year. The company is forecast to post earnings per share of JP¥305 for next year compared to JP¥252 last year.
Price Target Changed • Aug 22Price target decreased by 19% to JP¥3,350Down from JP¥4,130, the current price target is an average from 2 analysts. New target price is 27% below last closing price of JP¥4,611. Stock is up 5.7% over the past year. The company is forecast to post earnings per share of JP¥296 for next year compared to JP¥252 last year.
Major Estimate Revision • May 21Consensus EPS estimates increase by 20%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from JP¥632.0b to JP¥624.6b. EPS estimate rose from JP¥207 to JP¥248. Net income forecast to shrink 8.5% next year vs 3.8% decline forecast for Gas Utilities industry in Japan. Consensus price target broadly unchanged at JP¥4,097. Share price fell 3.2% to JP¥4,063 over the past week.
Price Target Changed • Aug 20Price target increased by 42% to JP¥4,120Up from JP¥2,905, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥4,334. Stock is up 72% over the past year. The company is forecast to post earnings per share of JP¥220 for next year compared to JP¥260 last year.
Price Target Changed • Aug 13Price target increased by 7.9% to JP¥2,945Up from JP¥2,730, the current price target is an average from 2 analysts. New target price is 31% below last closing price of JP¥4,283. Stock is up 71% over the past year. The company is forecast to post earnings per share of JP¥214 for next year compared to JP¥260 last year.
Major Estimate Revision • May 15Consensus EPS estimates increase by 17%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from JP¥661.8b to JP¥640.0b. EPS estimate rose from JP¥180 to JP¥211. Net income forecast to shrink 20% next year vs 14% decline forecast for Gas Utilities industry in Japan. Consensus price target up from JP¥2,730 to JP¥2,905. Share price fell 5.1% to JP¥3,840 over the past week.
ライブニュース • May 17Toho Gas Sets FY2026 Dividend at ¥90 and Announces Four-for-One Stock SplitToho Gas plans to raise its total annual dividend for the fiscal year ending March 31, 2026 to 90 yen per share, with a year-end dividend of 45 yen. The company links this higher dividend level to its Medium-Term Management Plan, which emphasizes progressive shareholder returns alongside profit growth. Toho Gas will conduct a four-for-one stock split effective April 1, 2026, and post-split it forecasts a dividend of 22.50 yen per share for FY2026. The combination of a higher total dividend and a stock split signals that management is aligning its capital policy with the Medium-Term Management Plan focus on shareholder returns while keeping the per-share payout consistent after the split. For you, the key things to watch are how the split affects liquidity and investor interest, and whether future earnings and cash flows support maintaining or adjusting this indicated dividend level.
Reported Earnings • May 01Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥335 (up from JP¥62.95 in FY 2025). Revenue: JP¥651.1b (flat on FY 2025). Net income: JP¥31.4b (up 24% from FY 2025). Profit margin: 4.8% (up from 3.9% in FY 2025). Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 9.8%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year and the company’s share price has also increased by 25% per year.
お知らせ • Apr 30Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2026Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2026.
お知らせ • Mar 31Toho Gas Co., Ltd. (TSE:9533) announces an Equity Buyback for 4,000,000 shares, representing 4.4% for ¥15,000 million.Toho Gas Co., Ltd. (TSE:9533) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 4.4% of its share capital, for ¥15,000 million. The company will repurchase its shares in order to implement flexible capital policies. The share repurchase program will run until September 30, 2026. As of March 30, 2026, the company had 90,992,130 shares outstanding (excluding treasury shares) and 7,227,955 shares in treasury.
Price Target Changed • Mar 28Price target increased by 9.4% to JP¥4,273Up from JP¥3,907, the current price target is an average from 3 analysts. New target price is 12% below last closing price of JP¥4,862. Stock is up 15% over the past year. The company is forecast to post earnings per share of JP¥305 for next year compared to JP¥252 last year.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.8%).
分析記事 • Feb 13Toho Gas (TSE:9533) Will Pay A Dividend Of ¥45.00The board of Toho Gas Co., Ltd. ( TSE:9533 ) has announced that it will pay a dividend of ¥45.00 per share on the 26th...
Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥41.13 (vs JP¥40.59 in 3Q 2025)Third quarter 2026 results: EPS: JP¥41.13. Revenue: JP¥158.2b (down 5.4% from 3Q 2025). Net income: JP¥3.82b (down 5.7% from 3Q 2025). Profit margin: 2.4% (in line with 3Q 2025). Revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Asia are expected to grow by 3.2%.
分析記事 • Jan 30Toho Gas (TSE:9533) Is Due To Pay A Dividend Of ¥45.00Toho Gas Co., Ltd.'s ( TSE:9533 ) investors are due to receive a payment of ¥45.00 per share on 26th of June. This...
お知らせ • Jan 30Toho Gas Co., Ltd. to Report Fiscal Year 2026 Results on Apr 30, 2026Toho Gas Co., Ltd. announced that they will report fiscal year 2026 results on Apr 30, 2026
分析記事 • Jan 09Is Toho Gas (TSE:9533) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Dec 22We Like These Underlying Return On Capital Trends At Toho Gas (TSE:9533)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
お知らせ • Dec 03Toho Gas Co., Ltd. to Report Q3, 2026 Results on Jan 30, 2026Toho Gas Co., Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026
分析記事 • Nov 29Toho Gas (TSE:9533) Has Announced A Dividend Of ¥45.00Toho Gas Co., Ltd. ( TSE:9533 ) will pay a dividend of ¥45.00 on the 26th of June. Based on this payment, the dividend...
Declared Dividend • Nov 29First half dividend of JP¥45.00 announcedShareholders will receive a dividend of JP¥45.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 1.8%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 12% over the next 3 years. However, it would need to fall by 84% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Oct 30Second quarter 2026 earnings released: EPS: JP¥38.28 (vs JP¥42.37 in 2Q 2025)Second quarter 2026 results: EPS: JP¥38.28 (down from JP¥42.37 in 2Q 2025). Revenue: JP¥145.7b (down 1.1% from 2Q 2025). Net income: JP¥3.62b (down 16% from 2Q 2025). Profit margin: 2.5% (down from 2.9% in 2Q 2025). Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Asia are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
お知らせ • Sep 30Toho Gas Co., Ltd. (TSE:9533) announces an Equity Buyback for 5,000,000 shares, representing 5.31% for ¥15,000 million.Toho Gas Co., Ltd. (TSE:9533) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 5.31% of its share capital, for ¥15,000 million. The company will repurchase its shares in order to implement flexible capital policies. The share repurchase program will run until March 31, 2026. As of September 29, 2025, the company had 94,073,506 shares outstanding (excluding treasury shares) and 4,146,579 shares in treasury.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 01 December 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.2%).
分析記事 • Aug 25Toho Gas Co., Ltd.'s (TSE:9533) Business Is Yet to Catch Up With Its Share PriceWith a median price-to-earnings (or "P/E") ratio of close to 15x in Japan, you could be forgiven for feeling...
Price Target Changed • Aug 22Price target decreased by 19% to JP¥3,350Down from JP¥4,130, the current price target is an average from 2 analysts. New target price is 27% below last closing price of JP¥4,611. Stock is up 5.7% over the past year. The company is forecast to post earnings per share of JP¥296 for next year compared to JP¥252 last year.
Reported Earnings • Jul 31First quarter 2026 earnings released: EPS: JP¥172 (vs JP¥131 in 1Q 2025)First quarter 2026 results: EPS: JP¥172 (up from JP¥131 in 1Q 2025). Revenue: JP¥161.5b (up 11% from 1Q 2025). Net income: JP¥16.6b (up 22% from 1Q 2025). Profit margin: 10% (in line with 1Q 2025). Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Asia are expected to grow by 1.6%. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Jul 31Toho Gas Co., Ltd. to Report Q2, 2026 Results on Oct 28, 2025Toho Gas Co., Ltd. announced that they will report Q2, 2026 results on Oct 28, 2025
分析記事 • Jul 17Toho Gas (TSE:9533) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Declared Dividend • Jul 09Final dividend of JP¥45.00 announcedShareholders will receive a dividend of JP¥45.00. Ex-date: 29th September 2025 Payment date: 1st December 2025 Dividend yield will be 2.0%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 2.6% over the next 3 years. However, it would need to fall by 62% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Jun 29Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: JP¥252 (down from JP¥260 in FY 2024). Revenue: JP¥656.0b (up 3.6% from FY 2024). Net income: JP¥25.5b (down 6.8% from FY 2024). Profit margin: 3.9% (down from 4.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 2.8%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • May 24The Returns At Toho Gas (TSE:9533) Aren't GrowingIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Major Estimate Revision • May 21Consensus EPS estimates increase by 20%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from JP¥632.0b to JP¥624.6b. EPS estimate rose from JP¥207 to JP¥248. Net income forecast to shrink 8.5% next year vs 3.8% decline forecast for Gas Utilities industry in Japan. Consensus price target broadly unchanged at JP¥4,097. Share price fell 3.2% to JP¥4,063 over the past week.
お知らせ • May 14Toho Gas Co., Ltd. to Report Q1, 2026 Results on Jul 30, 2025Toho Gas Co., Ltd. announced that they will report Q1, 2026 results on Jul 30, 2025
分析記事 • May 07We Think That There Are More Issues For Toho Gas (TSE:9533) Than Just Sluggish EarningsThe subdued market reaction suggests that Toho Gas Co., Ltd.'s ( TSE:9533 ) recent earnings didn't contain any...
Reported Earnings • May 01Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: JP¥252 (down from JP¥260 in FY 2024). Revenue: JP¥656.0b (up 3.6% from FY 2024). Net income: JP¥25.5b (down 6.8% from FY 2024). Profit margin: 3.9% (down from 4.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 2.8%. Revenue is forecast to stay flat during the next 3 years compared to a 1.3% growth forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 30Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2025Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2025.
お知らせ • Mar 27Toho Gas Co., Ltd. (TSE:9533) announces an Equity Buyback for 5,000,000 shares, representing 5.12% for ¥15,000 million.Toho Gas Co., Ltd. (TSE:9533) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 5.12% of its share capital, for ¥15,000 million. The company will repurchase its shares in order to implement flexible capital policies. The share repurchase program will run until September 30, 2025. As of March 26, 2025, the company had 105,97,595,853 shares outstanding (excluding treasury shares) and 7,660,432 shares in treasury.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.2%).
分析記事 • Feb 19A Look At The Intrinsic Value Of Toho Gas Co., Ltd. (TSE:9533)Key Insights Toho Gas' estimated fair value is JP¥3,939 based on 2 Stage Free Cash Flow to Equity With JP¥4,002 share...
お知らせ • Feb 03Toho Gas Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2025Toho Gas Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2025
Reported Earnings • Jan 31Third quarter 2025 earnings released: EPS: JP¥40.59 (vs JP¥8.34 in 3Q 2024)Third quarter 2025 results: EPS: JP¥40.59 (up from JP¥8.34 in 3Q 2024). Revenue: JP¥167.2b (up 13% from 3Q 2024). Net income: JP¥4.05b (up 362% from 3Q 2024). Profit margin: 2.4% (up from 0.6% in 3Q 2024). 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 Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
分析記事 • Jan 26Toho Gas Co., Ltd.'s (TSE:9533) Share Price Not Quite Adding UpWith a price-to-earnings (or "P/E") ratio of 19x Toho Gas Co., Ltd. ( TSE:9533 ) may be sending bearish signals at the...
Buy Or Sell Opportunity • Jan 24Now 20% undervaluedOver the last 90 days, the stock has risen 3.8% to JP¥3,871. The fair value is estimated to be JP¥4,843, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 2.3% in 2 years. Earnings are forecast to grow by 12% in the next 2 years.
分析記事 • Jan 09Be Wary Of Toho Gas (TSE:9533) And Its Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
分析記事 • Dec 06Is Toho Gas (TSE:9533) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Buy Or Sell Opportunity • Dec 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.3% to JP¥3,820. The fair value is estimated to be JP¥4,859, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 2.3% in 2 years. Earnings are forecast to grow by 12% in the next 2 years.
Declared Dividend • Nov 30First half dividend of JP¥40.00 announcedShareholders will receive a dividend of JP¥40.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 2.0%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (20% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 5.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Nov 19Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.6% to JP¥3,872. The fair value is estimated to be JP¥4,859, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 2.3% in 2 years. Earnings are forecast to grow by 4.5% in the next 2 years.
分析記事 • Nov 16Estimating The Intrinsic Value Of Toho Gas Co., Ltd. (TSE:9533)Key Insights Toho Gas' estimated fair value is JP¥4,859 based on 2 Stage Free Cash Flow to Equity With JP¥3,891 share...
New Risk • Nov 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.09% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.09% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (3.3% net profit margin).
お知らせ • Nov 05Toho Gas Co., Ltd. to Report Q3, 2025 Results on Jan 30, 2025Toho Gas Co., Ltd. announced that they will report Q3, 2025 results on Jan 30, 2025
Reported Earnings • Nov 01Second quarter 2025 earnings released: EPS: JP¥42.37 (vs JP¥57.07 in 2Q 2024)Second quarter 2025 results: EPS: JP¥42.37 (down from JP¥57.07 in 2Q 2024). Revenue: JP¥147.3b (up 1.1% from 2Q 2024). Net income: JP¥4.33b (down 28% from 2Q 2024). Profit margin: 2.9% (down from 4.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.5% growth forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Oct 17Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.5% to JP¥3,842. The fair value is estimated to be JP¥4,825, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to grow by 2.5% in 2 years. Earnings are forecast to decline by 3.4% in the next 2 years.
分析記事 • Oct 11Toho Gas Co., Ltd.'s (TSE:9533) Business Is Yet to Catch Up With Its Share PriceWith a price-to-earnings (or "P/E") ratio of 17.8x Toho Gas Co., Ltd. ( TSE:9533 ) may be sending bearish signals at...
Upcoming Dividend • Sep 20Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.5%).
分析記事 • Sep 11Toho Gas (TSE:9533) Could Be Struggling To Allocate CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Price Target Changed • Aug 20Price target increased by 42% to JP¥4,120Up from JP¥2,905, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥4,334. Stock is up 72% over the past year. The company is forecast to post earnings per share of JP¥220 for next year compared to JP¥260 last year.
Price Target Changed • Aug 13Price target increased by 7.9% to JP¥2,945Up from JP¥2,730, the current price target is an average from 2 analysts. New target price is 31% below last closing price of JP¥4,283. Stock is up 71% over the past year. The company is forecast to post earnings per share of JP¥214 for next year compared to JP¥260 last year.
分析記事 • Aug 08Toho Gas' (TSE:9533) Dividend Will Be ¥40.00Toho Gas Co., Ltd.'s ( TSE:9533 ) investors are due to receive a payment of ¥40.00 per share on 2nd of December. The...
Reported Earnings • Aug 02First quarter 2025 earnings released: EPS: JP¥131 (vs JP¥177 in 1Q 2024)First quarter 2025 results: EPS: JP¥131 (down from JP¥177 in 1Q 2024). Revenue: JP¥146.1b (down 5.9% from 1Q 2024). Net income: JP¥13.7b (down 27% from 1Q 2024). Profit margin: 9.4% (down from 12% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.5% growth forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • Aug 01Toho Gas Co., Ltd. to Report Q2, 2025 Results on Oct 30, 2024Toho Gas Co., Ltd. announced that they will report Q2, 2025 results on Oct 30, 2024
New Risk • Jul 31New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.5% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change).
Valuation Update With 7 Day Price Move • Jul 31Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥4,648, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Gas Utilities industry in Japan. Total loss to shareholders of 9.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,887 per share.
分析記事 • Jul 25Toho Gas' (TSE:9533) Dividend Will Be ¥40.00Toho Gas Co., Ltd. ( TSE:9533 ) has announced that it will pay a dividend of ¥40.00 per share on the 2nd of December...
分析記事 • Jul 11Toho Gas (TSE:9533) Has Announced A Dividend Of ¥40.00Toho Gas Co., Ltd.'s ( TSE:9533 ) investors are due to receive a payment of ¥40.00 per share on 2nd of December. The...
Declared Dividend • Jul 11Final dividend of JP¥40.00 announcedShareholders will receive a dividend of JP¥40.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 2.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (15% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 5.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 12% over the next 3 years. However, it would need to fall by 83% to increase the payout ratio to a potentially unsustainable range.
分析記事 • Jun 28Toho Gas Co., Ltd.'s (TSE:9533) Popularity With Investors Is Under Threat From OverpricingIt's not a stretch to say that Toho Gas Co., Ltd.'s ( TSE:9533 ) price-to-earnings (or "P/E") ratio of 14.8x right now...
お知らせ • Jun 08Toho Gas Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024Toho Gas Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024
分析記事 • May 21Investors Will Want Toho Gas' (TSE:9533) Growth In ROCE To PersistIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...
Major Estimate Revision • May 15Consensus EPS estimates increase by 17%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from JP¥661.8b to JP¥640.0b. EPS estimate rose from JP¥180 to JP¥211. Net income forecast to shrink 20% next year vs 14% decline forecast for Gas Utilities industry in Japan. Consensus price target up from JP¥2,730 to JP¥2,905. Share price fell 5.1% to JP¥3,840 over the past week.
お知らせ • Apr 27Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2024Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2024.
Reported Earnings • Apr 26Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: JP¥260 (down from JP¥321 in FY 2023). Revenue: JP¥633.0b (down 10% from FY 2023). Net income: JP¥27.3b (down 19% from FY 2023). Profit margin: 4.3% (down from 4.8% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) exceeded analyst estimates by 1.1%. Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, while revenues in the Gas Utilities industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Apr 26Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥4,135, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Gas Utilities industry in Japan. Total loss to shareholders of 28% over the past three years.
分析記事 • Apr 10Is Toho Gas (TSE:9533) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
お知らせ • Mar 29Toho Gas Co., Ltd. (TSE:9533) announces an Equity Buyback for 4,000,000 shares, representing 3.8% for ¥10,000 million.Toho Gas Co., Ltd. (TSE:9533) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 3.8% of its share capital, for ¥10,000 million. The company will repurchase its shares in order to execute timely and flexible capital policy measures. The share repurchase program will run until September 30, 2024. As of February 29, 2024, the company had 105,141,299 shares outstanding (excluding treasury shares) and 114,986 shares in treasury.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.0%).
分析記事 • Feb 29Toho Gas Co., Ltd.'s (TSE:9533) Shares Lagging The Market But So Is The BusinessWith a price-to-earnings (or "P/E") ratio of 7.6x Toho Gas Co., Ltd. ( TSE:9533 ) may be sending bullish signals at the...
お知らせ • Feb 01Toho Gas Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2024Toho Gas Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2024
Reported Earnings • Feb 01Third quarter 2024 earnings released: EPS: JP¥8.34 (vs JP¥98.45 in 3Q 2023)Third quarter 2024 results: EPS: JP¥8.34 (down from JP¥98.45 in 3Q 2023). Revenue: JP¥148.7b (down 19% from 3Q 2023). Net income: JP¥877.0m (down 92% from 3Q 2023). Profit margin: 0.6% (down from 5.6% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 5.7% p.a. on average during the next 3 years compared to a 1.5% decline forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.
Price Target Changed • Dec 16Price target increased by 33% to JP¥2,860Up from JP¥2,145, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥2,724. Stock is up 5.5% over the past year. The company is forecast to post earnings per share of JP¥220 for next year compared to JP¥321 last year.
お知らせ • Nov 09Toho Gas Co., Ltd. to Report Q3, 2024 Results on Jan 30, 2024Toho Gas Co., Ltd. announced that they will report Q3, 2024 results on Jan 30, 2024
Reported Earnings • Nov 02Second quarter 2024 earnings released: EPS: JP¥57.07 (vs JP¥32.63 loss in 2Q 2023)Second quarter 2024 results: EPS: JP¥57.07 (up from JP¥32.63 loss in 2Q 2023). Revenue: JP¥145.6b (down 8.0% from 2Q 2023). Net income: JP¥6.00b (up JP¥9.43b from 2Q 2023). Profit margin: 4.1% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Revenue is expected to fall by 4.1% p.a. on average during the next 3 years compared to a 2.6% decline forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥30.00 per share at 2.2% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (2.2%).
お知らせ • Jul 29Toho Gas Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023Toho Gas Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023
Reported Earnings • Jul 28First quarter 2024 earnings released: EPS: JP¥177 (vs JP¥98.20 in 1Q 2023)First quarter 2024 results: EPS: JP¥177 (up from JP¥98.20 in 1Q 2023). Revenue: JP¥155.3b (up 7.4% from 1Q 2023). Net income: JP¥18.6b (up 80% from 1Q 2023). Profit margin: 12% (up from 7.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to fall by 1.1% p.a. on average during the next 3 years compared to a 2.5% decline forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
お知らせ • May 15Toho Gas Co., Ltd. to Report Q1, 2024 Results on Jul 27, 2023Toho Gas Co., Ltd. announced that they will report Q1, 2024 results on Jul 27, 2023
Major Estimate Revision • May 10Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥611.4b to JP¥621.4b. EPS estimate increased from JP¥165 to JP¥183 per share. Net income forecast to shrink 44% next year vs 11% growth forecast for Gas Utilities industry in Japan . Consensus price target of JP¥1,280 unchanged from last update. Share price was steady at JP¥2,560 over the past week.
Price Target Changed • May 03Price target decreased by 35% to JP¥1,280Down from JP¥1,955, the current price target is provided by 1 analyst. New target price is 50% below last closing price of JP¥2,543. Stock is down 13% over the past year. The company is forecast to post earnings per share of JP¥165 for next year compared to JP¥321 last year.
Reported Earnings • Apr 29Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: JP¥321 (up from JP¥147 in FY 2022). Revenue: JP¥706.1b (up 37% from FY 2022). Net income: JP¥33.7b (up 118% from FY 2022). Profit margin: 4.8% (up from 3.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 61%. Revenue is expected to fall by 1.9% p.a. on average during the next 3 years compared to a 2.4% decline forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥30.00 per share at 2.4% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.7%).
Major Estimate Revision • Feb 12Consensus EPS estimates increase by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from JP¥630.0b to JP¥670.0b. EPS estimate increased from JP¥162 to JP¥200 per share. Net income forecast to shrink 37% next year vs 5.0% growth forecast for Gas Utilities industry in Japan . Consensus price target broadly unchanged at JP¥1,945. Share price was steady at JP¥2,484 over the past week.
Reported Earnings • Jan 28Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: JP¥98.45 (up from JP¥9.32 in 3Q 2022). Revenue: JP¥183.2b (up 43% from 3Q 2022). Net income: JP¥10.3b (up JP¥9.37b from 3Q 2022). Profit margin: 5.6% (up from 0.8% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to decline by 6.1% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
お知らせ • Jan 27Toho Gas Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2023Toho Gas Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2023
Major Estimate Revision • Dec 01Consensus EPS estimates increase by 21%The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥600.0b to JP¥630.0b. EPS estimate increased from JP¥133 to JP¥162 per share. Net income forecast to shrink 12% next year vs 13% growth forecast for Gas Utilities industry in Japan . Consensus price target of JP¥1,955 unchanged from last update. Share price fell 3.8% to JP¥2,675 over the past week.
お知らせ • Nov 30Toho Gas Co., Ltd. to Report Q3, 2023 Results on Jan 27, 2023Toho Gas Co., Ltd. announced that they will report Q3, 2023 results on Jan 27, 2023
Reported Earnings • Nov 16Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: JP¥32.63 loss per share (further deteriorated from JP¥22.75 loss in 2Q 2022). Revenue: JP¥158.3b (up 51% from 2Q 2022). Net loss: JP¥3.43b (loss widened 43% from 2Q 2022). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Japan are expected to remain flat. 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 13% per year, which means it has not declined as severely as earnings.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Taku Oshima was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Oct 28Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: JP¥32.63 loss per share (further deteriorated from JP¥22.75 loss in 2Q 2022). Revenue: JP¥158.3b (up 51% from 2Q 2022). Net loss: JP¥3.43b (loss widened 43% from 2Q 2022). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Japan are expected to remain flat. 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 13% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.6%).
Major Estimate Revision • Aug 31Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 revenue forecast fell from JP¥615.0b to JP¥607.5b. EPS estimate rose from JP¥133 to JP¥162. Net income forecast to shrink 17% next year vs 12% decline forecast for Gas Utilities industry in Japan. Consensus price target of JP¥1,300 unchanged from last update. Share price fell 2.3% to JP¥3,125 over the past week.
Reported Earnings • Jul 30First quarter 2023 earnings released: EPS: JP¥98.20 (vs JP¥50.42 in 1Q 2022)First quarter 2023 results: EPS: JP¥98.20 (up from JP¥50.42 in 1Q 2022). Revenue: JP¥144.5b (up 41% from 1Q 2022). Net income: JP¥10.3b (up 94% from 1Q 2022). Profit margin: 7.1% (up from 5.2% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.8%, compared to a 22% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 36% 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.
Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥3,270, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Gas Utilities industry in Japan. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,036 per share.