View ValuationToho Gas 향후 성장Future 기준 점검 0/6Toho Gas 의 수익은 연간 7.9% 감소할 것으로 예상되는 반면, 연간 수익은 0.1% 로 증가할 것으로 예상됩니다. EPS는 연간 2.9% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 5.2% 로 예상됩니다.핵심 정보-7.9%이익 성장률-2.92%EPS 성장률Gas Utilities 이익 성장2.7%매출 성장률0.1%향후 자기자본이익률5.20%애널리스트 커버리지Low마지막 업데이트19 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard Change • 3hLess than half of directors are independentThere are 7 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: 7 new directors. 4 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Independent Outside Director Michiyo Hamada is the most experienced director on the board, commencing their role in 2014. Independent Outside Director Yuuta Nakanishi was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.공시 • Apr 30Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2026Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2026.공시 • 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.공시 • 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, 2026공시 • 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, 2026공시 • 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.공시 • 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, 2025공시 • 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, 2025공시 • Apr 30Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2025Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2025.공시 • 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.공시 • 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, 2025New Risk • Nov 16New 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).공시 • 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 4.2% growth forecast for the Gas Utilities industry in Europe. 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 3% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Oct 26Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.3% to €22.40. The fair value is estimated to be €28.40, 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.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: 2.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (6.7%).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 2.6% growth forecast for the Gas Utilities industry in Europe. 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 13% per year, which means it is significantly lagging earnings.공시 • 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, 2024Valuation Update With 7 Day Price Move • Jul 31Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €28.20, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.45 per share.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 186%, which is higher than the industry average of 4.4%. 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.공시 • 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, 2024공시 • 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 released: EPS: JP¥260 (vs JP¥321 in FY 2023)Full 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 is forecast to grow 2.3% p.a. on average during the next 2 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 64% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.공시 • 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 German dividend payers (5.0%). Lower than average of industry peers (7.1%).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 forecast to decline by 5.7% 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 70% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.공시 • 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, 2024공시 • 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 2.0% 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 fallen by 28% 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 German dividend payers (4.8%). Lower than average of industry peers (5.0%).공시 • 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 forecast to decline by 1.1% 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 58% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.공시 • 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, 2023Reported Earnings • Apr 30Full year 2023 earnings released: EPS: JP¥321 (vs JP¥147 in FY 2022)Full 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 is forecast to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat.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 German dividend payers (4.7%). Lower than average of industry peers (4.7%).Reported Earnings • Jan 29Third quarter 2023 earnings released: EPS: JP¥98.45 (vs JP¥9.32 in 3Q 2022)Third 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 is forecast to decline by 6.1% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat.공시 • 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, 2023공시 • 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 released: JP¥32.63 loss per share (vs JP¥22.75 loss in 2Q 2022)Second 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 is expected to fall by 2.6% p.a. on average during the next 3 years compared to a 2.7% decline forecast for the Gas Utilities industry in Europe.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 released: JP¥32.63 loss per share (vs JP¥22.75 loss in 2Q 2022)Second 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 is forecast to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat.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 German dividend payers (5.1%). Lower than average of industry peers (4.9%).공시 • Sep 13Toho Gas Co., Ltd. to Report First Half, 2023 Results on Oct 27, 2022Toho Gas Co., Ltd. announced that they will report first half, 2023 results on Oct 27, 2022Reported 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 12% decline forecast for the industry in Germany.공시 • Jun 29Toho Gas Co., Ltd. to Report Q1, 2023 Results on Jul 28, 2022Toho Gas Co., Ltd. announced that they will report Q1, 2023 results on Jul 28, 2022Reported Earnings • Apr 29Full year 2022 earnings released: EPS: JP¥147 (vs JP¥81.36 in FY 2021)Full year 2022 results: EPS: JP¥147 (up from JP¥81.36 in FY 2021). Revenue: JP¥515.3b (up 19% from FY 2021). Net income: JP¥15.5b (up 80% from FY 2021). Profit margin: 3.0% (up from 2.0% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.9% compared to a 6.4% decline forecast for the industry in Germany.Board Change • Apr 27Less than half of directors are independentThere are 6 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.Upcoming Dividend • Mar 23Upcoming dividend of JP¥27.50 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 29 June 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (5.4%).공시 • Feb 25Toho Gas Co., Ltd. to Report Fiscal Year 2022 Results on Apr 27, 2022Toho Gas Co., Ltd. announced that they will report fiscal year 2022 results on Apr 27, 2022Reported Earnings • Jan 30Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2022 results: EPS: JP¥9.32 (down from JP¥11.40 in 3Q 2021). Revenue: JP¥128.2b (up 28% from 3Q 2021). Net income: JP¥982.0m (down 18% from 3Q 2021). Profit margin: 0.8% (down from 1.2% in 3Q 2021). Revenue exceeded analyst estimates by 12%. Over the next year, revenue is forecast to grow 1.4% compared to a 5.1% decline forecast for the industry in Germany.Reported Earnings • Oct 30Second quarter 2022 earnings released: JP¥22.75 loss per share (vs JP¥47.58 profit in 2Q 2021)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: JP¥105.1b (up 4.0% from 2Q 2021). Net loss: JP¥2.40b (down 148% from profit in 2Q 2021).Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €30.20, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total loss to shareholders of 28% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €36.01 per share.Upcoming Dividend • Sep 22Upcoming dividend of JP¥27.50 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 30 November 2021. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (6.1%).Reported Earnings • Jul 31First quarter 2022 earnings released: EPS JP¥50.42 (vs JP¥63.79 in 1Q 2021)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥102.8b (up 1.1% from 1Q 2021). Net income: JP¥5.32b (down 21% from 1Q 2021). Profit margin: 5.2% (down from 6.6% in 1Q 2021).Reported Earnings • Apr 30Full year 2021 earnings released: EPS JP¥81.36 (vs JP¥154 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥434.8b (down 11% from FY 2020). Net income: JP¥8.59b (down 47% from FY 2020). Profit margin: 2.0% (down from 3.3% in FY 2020). The decrease in margin was driven by lower revenue.Upcoming Dividend • Mar 23Upcoming dividend of JP¥27.50 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (6.2%).공시 • Mar 14Toho Gas Co., Ltd. to Report Fiscal Year 2021 Results on Apr 28, 2021Toho Gas Co., Ltd. announced that they will report fiscal year 2021 results on Apr 28, 2021Is New 90 Day High Low • Mar 04New 90-day low: €47.92The company is down 6.0% from its price of €51.00 on 04 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed 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 €52.06 per share.Reported Earnings • Feb 03Third quarter 2021 earnings released: EPS JP¥11.40 (vs JP¥13.53 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥99.9b (down 9.1% from 3Q 2020). Net income: JP¥1.20b (down 16% from 3Q 2020). Profit margin: 1.2% (down from 1.3% in 3Q 2020). The decrease in margin was driven by lower revenue.Analyst Estimate Surprise Post Earnings • Feb 03Revenue misses expectationsRevenue missed analyst estimates by 9.2%. Over the next year, revenue is expected to shrink by 2.2% compared to a 3.0% growth forecast for the Gas Utilities industry in Germany.Is New 90 Day High Low • Nov 19New 90-day high: €54.00The company is up 41% from its price of €38.20 on 21 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.94 per share.Analyst Estimate Surprise Post Earnings • Nov 17Revenue beats expectationsRevenue exceeded analyst estimates by 6.4%. Over the next year, revenue is expected to shrink by 6.9% compared to a 1.7% growth forecast for the Gas Utilities industry in Germany.Reported Earnings • Nov 15Second quarter 2021 earnings released: EPS JP¥47.58The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥101.1b (down 8.0% from 2Q 2020). Net income: JP¥5.02b (up 126% from 2Q 2020). Profit margin: 5.0% (up from 2.0% in 2Q 2020). The increase in margin was driven by lower expenses.Is New 90 Day High Low • Nov 03New 90-day high: €45.60The company is up 19% from its price of €38.20 on 05 August 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.75 per share.Analyst Estimate Surprise Post Earnings • Nov 03Revenue beats expectationsRevenue exceeded analyst estimates by 6.4%. Over the next year, revenue is expected to shrink by 6.9% compared to a 2.6% growth forecast for the Gas Utilities industry in Germany.Reported Earnings • Nov 01First half earnings releasedOver the last 12 months the company has reported total profits of JP¥13.2b, down 48% from the prior year. Total revenue was JP¥458.2b over the last 12 months, down 6.6% from the prior year.공시 • Sep 03Toho Gas Co., Ltd. to Report Q2, 2021 Results on Oct 29, 2020Toho Gas Co., Ltd. announced that they will report Q2, 2021 results on Oct 29, 2020이익 및 매출 성장 예측DB:59W - 애널리스트 향후 추정치 및 과거 재무 데이터 (JPY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/2029646,75023,150-1,200N/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/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 59W 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -7.9%).수익 vs 시장: 59W 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -7.9%).고성장 수익: 59W 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: 59W 의 수익(연간 0.1%)이 German 시장(연간 6.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 59W 의 수익(연간 0.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 59W의 자본 수익률은 3년 후 5.2%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YUtilities 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 02:17종가2026/05/20 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Toho Gas Co., Ltd.는 13명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Takahiro MoriBofA Global ResearchTakashi MiyazakiCitigroup IncSyusaku NishikawaDaiwa Securities Co. Ltd.10명의 분석가 더 보기
Board Change • 3hLess than half of directors are independentThere are 7 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: 7 new directors. 4 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Independent Outside Director Michiyo Hamada is the most experienced director on the board, commencing their role in 2014. Independent Outside Director Yuuta Nakanishi was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
공시 • Apr 30Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2026Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2026.
공시 • 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.
공시 • 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
공시 • 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
공시 • 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.
공시 • 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
공시 • 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
공시 • Apr 30Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2025Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2025.
공시 • 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.
공시 • 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
New Risk • Nov 16New 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).
공시 • 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 4.2% growth forecast for the Gas Utilities industry in Europe. 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 3% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Oct 26Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.3% to €22.40. The fair value is estimated to be €28.40, 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.
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: 2.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (6.7%).
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 2.6% growth forecast for the Gas Utilities industry in Europe. 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 13% per year, which means it is significantly lagging earnings.
공시 • 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
Valuation Update With 7 Day Price Move • Jul 31Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €28.20, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.45 per share.
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 186%, which is higher than the industry average of 4.4%. 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.
공시 • 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
공시 • 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 released: EPS: JP¥260 (vs JP¥321 in FY 2023)Full 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 is forecast to grow 2.3% p.a. on average during the next 2 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 64% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
공시 • 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 German dividend payers (5.0%). Lower than average of industry peers (7.1%).
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 forecast to decline by 5.7% 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 70% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.
공시 • 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
공시 • 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 2.0% 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 fallen by 28% 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 German dividend payers (4.8%). Lower than average of industry peers (5.0%).
공시 • 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 forecast to decline by 1.1% 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 58% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.
공시 • 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
Reported Earnings • Apr 30Full year 2023 earnings released: EPS: JP¥321 (vs JP¥147 in FY 2022)Full 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 is forecast to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat.
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 German dividend payers (4.7%). Lower than average of industry peers (4.7%).
Reported Earnings • Jan 29Third quarter 2023 earnings released: EPS: JP¥98.45 (vs JP¥9.32 in 3Q 2022)Third 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 is forecast to decline by 6.1% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat.
공시 • 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
공시 • 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 released: JP¥32.63 loss per share (vs JP¥22.75 loss in 2Q 2022)Second 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 is expected to fall by 2.6% p.a. on average during the next 3 years compared to a 2.7% decline forecast for the Gas Utilities industry in Europe.
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 released: JP¥32.63 loss per share (vs JP¥22.75 loss in 2Q 2022)Second 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 is forecast to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat.
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 German dividend payers (5.1%). Lower than average of industry peers (4.9%).
공시 • Sep 13Toho Gas Co., Ltd. to Report First Half, 2023 Results on Oct 27, 2022Toho Gas Co., Ltd. announced that they will report first half, 2023 results on Oct 27, 2022
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 12% decline forecast for the industry in Germany.
공시 • Jun 29Toho Gas Co., Ltd. to Report Q1, 2023 Results on Jul 28, 2022Toho Gas Co., Ltd. announced that they will report Q1, 2023 results on Jul 28, 2022
Reported Earnings • Apr 29Full year 2022 earnings released: EPS: JP¥147 (vs JP¥81.36 in FY 2021)Full year 2022 results: EPS: JP¥147 (up from JP¥81.36 in FY 2021). Revenue: JP¥515.3b (up 19% from FY 2021). Net income: JP¥15.5b (up 80% from FY 2021). Profit margin: 3.0% (up from 2.0% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.9% compared to a 6.4% decline forecast for the industry in Germany.
Board Change • Apr 27Less than half of directors are independentThere are 6 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.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥27.50 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 29 June 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (5.4%).
공시 • Feb 25Toho Gas Co., Ltd. to Report Fiscal Year 2022 Results on Apr 27, 2022Toho Gas Co., Ltd. announced that they will report fiscal year 2022 results on Apr 27, 2022
Reported Earnings • Jan 30Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2022 results: EPS: JP¥9.32 (down from JP¥11.40 in 3Q 2021). Revenue: JP¥128.2b (up 28% from 3Q 2021). Net income: JP¥982.0m (down 18% from 3Q 2021). Profit margin: 0.8% (down from 1.2% in 3Q 2021). Revenue exceeded analyst estimates by 12%. Over the next year, revenue is forecast to grow 1.4% compared to a 5.1% decline forecast for the industry in Germany.
Reported Earnings • Oct 30Second quarter 2022 earnings released: JP¥22.75 loss per share (vs JP¥47.58 profit in 2Q 2021)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: JP¥105.1b (up 4.0% from 2Q 2021). Net loss: JP¥2.40b (down 148% from profit in 2Q 2021).
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €30.20, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total loss to shareholders of 28% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €36.01 per share.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥27.50 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 30 November 2021. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (6.1%).
Reported Earnings • Jul 31First quarter 2022 earnings released: EPS JP¥50.42 (vs JP¥63.79 in 1Q 2021)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥102.8b (up 1.1% from 1Q 2021). Net income: JP¥5.32b (down 21% from 1Q 2021). Profit margin: 5.2% (down from 6.6% in 1Q 2021).
Reported Earnings • Apr 30Full year 2021 earnings released: EPS JP¥81.36 (vs JP¥154 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥434.8b (down 11% from FY 2020). Net income: JP¥8.59b (down 47% from FY 2020). Profit margin: 2.0% (down from 3.3% in FY 2020). The decrease in margin was driven by lower revenue.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥27.50 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (6.2%).
공시 • Mar 14Toho Gas Co., Ltd. to Report Fiscal Year 2021 Results on Apr 28, 2021Toho Gas Co., Ltd. announced that they will report fiscal year 2021 results on Apr 28, 2021
Is New 90 Day High Low • Mar 04New 90-day low: €47.92The company is down 6.0% from its price of €51.00 on 04 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed 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 €52.06 per share.
Reported Earnings • Feb 03Third quarter 2021 earnings released: EPS JP¥11.40 (vs JP¥13.53 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥99.9b (down 9.1% from 3Q 2020). Net income: JP¥1.20b (down 16% from 3Q 2020). Profit margin: 1.2% (down from 1.3% in 3Q 2020). The decrease in margin was driven by lower revenue.
Analyst Estimate Surprise Post Earnings • Feb 03Revenue misses expectationsRevenue missed analyst estimates by 9.2%. Over the next year, revenue is expected to shrink by 2.2% compared to a 3.0% growth forecast for the Gas Utilities industry in Germany.
Is New 90 Day High Low • Nov 19New 90-day high: €54.00The company is up 41% from its price of €38.20 on 21 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.94 per share.
Analyst Estimate Surprise Post Earnings • Nov 17Revenue beats expectationsRevenue exceeded analyst estimates by 6.4%. Over the next year, revenue is expected to shrink by 6.9% compared to a 1.7% growth forecast for the Gas Utilities industry in Germany.
Reported Earnings • Nov 15Second quarter 2021 earnings released: EPS JP¥47.58The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥101.1b (down 8.0% from 2Q 2020). Net income: JP¥5.02b (up 126% from 2Q 2020). Profit margin: 5.0% (up from 2.0% in 2Q 2020). The increase in margin was driven by lower expenses.
Is New 90 Day High Low • Nov 03New 90-day high: €45.60The company is up 19% from its price of €38.20 on 05 August 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.75 per share.
Analyst Estimate Surprise Post Earnings • Nov 03Revenue beats expectationsRevenue exceeded analyst estimates by 6.4%. Over the next year, revenue is expected to shrink by 6.9% compared to a 2.6% growth forecast for the Gas Utilities industry in Germany.
Reported Earnings • Nov 01First half earnings releasedOver the last 12 months the company has reported total profits of JP¥13.2b, down 48% from the prior year. Total revenue was JP¥458.2b over the last 12 months, down 6.6% from the prior year.
공시 • Sep 03Toho Gas Co., Ltd. to Report Q2, 2021 Results on Oct 29, 2020Toho Gas Co., Ltd. announced that they will report Q2, 2021 results on Oct 29, 2020