View Future GrowthToho Gas 과거 순이익 실적과거 기준 점검 5/6Toho Gas은 연평균 19.2%의 비율로 수입이 증가해 온 반면, Gas Utilities 산업은 수입이 13.3% 증가했습니다. 매출은 연평균 7.2%의 비율로 증가했습니다. Toho Gas의 자기자본이익률은 6.6%이고 순이익률은 4.8%입니다.핵심 정보19.16%순이익 성장률20.89%주당순이익(EPS) 성장률Gas Utilities 산업 성장률19.49%매출 성장률7.24%자기자본이익률6.59%순이익률4.83%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported 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.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%.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, 2026Reported 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.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.모든 업데이트 보기Recent updates속보 • 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.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.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%).분석 기사 • 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%.분석 기사 • 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...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, 2026분석 기사 • 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...분석 기사 • 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...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, 2026분석 기사 • 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.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.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%).분석 기사 • 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.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, 2025분석 기사 • 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.분석 기사 • 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.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, 2025분석 기사 • 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.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.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%).분석 기사 • 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...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, 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.분석 기사 • 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.분석 기사 • 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...분석 기사 • 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.분석 기사 • 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).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 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.분석 기사 • 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%).분석 기사 • 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.분석 기사 • 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.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, 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.분석 기사 • 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...분석 기사 • 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.분석 기사 • 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...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, 2024분석 기사 • 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.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: 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.분석 기사 • 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...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 Japanese dividend payers (3.2%). Lower than average of industry peers (2.0%).분석 기사 • 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...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, 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.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, 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%).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 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.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, 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.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, 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.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, 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.매출 및 비용 세부 내역Toho Gas가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TSE:9533 매출, 비용 및 순이익 (JPY Millions)날짜매출순이익일반관리비연구개발비31 Mar 26651,08531,449147,511031 Dec 25660,81527,468146,636030 Sep 25669,76727,701144,973030 Jun 25671,37728,407143,490031 Mar 25656,01025,454141,957031 Dec 24644,00323,873138,993030 Sep 24625,48320,696139,296030 Jun 24623,81322,368138,856031 Mar 24632,98527,304137,938031 Dec 23669,64141,955139,917030 Sep 23704,13651,427136,051030 Jun 23716,83341,997135,884031 Mar 23706,07333,721136,447031 Dec 22665,20528,795135,279030 Sep 22610,27619,428135,886030 Jun 22557,03920,456136,042031 Mar 22515,31315,459135,843031 Dec 21468,331-468133,767030 Sep 21439,963-246134,017030 Jun 21435,9257,180135,536031 Mar 21434,7768,592135,745031 Dec 20448,25613,015136,830030 Sep 20458,20013,240136,104030 Jun 20466,96610,437134,265031 Mar 20485,62316,266134,179031 Dec 19483,74526,847127,679030 Sep 19490,69925,317128,209030 Jun 19480,72521,359128,731031 Mar 19461,19914,820128,042031 Dec 18448,62110,583132,920030 Sep 18439,62714,881132,995030 Jun 18431,82817,095132,929031 Mar 18428,86818,022133,198031 Dec 17420,03616,554133,368030 Sep 17403,19611,719134,718030 Jun 17392,38311,790135,718031 Mar 17390,43317,749136,753031 Dec 16404,52623,452140,123030 Sep 16419,69127,474138,740030 Jun 16444,44533,549137,924031 Mar 16479,87043,008141,071031 Dec 15520,17940,951145,151030 Sep 15552,91536,099145,088030 Jun 15576,20631,866145,4530양질의 수익: 9533는 고품질 수익을 보유하고 있습니다.이익 마진 증가: 9533의 현재 순 이익률 (4.8%)은 지난해 (3.9%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 9533의 수익은 지난 5년 동안 연평균 19.2% 증가했습니다.성장 가속화: 지난 1년간 9533 의 수익 증가율(23.6%)은 연간 평균(19.2%)을 초과합니다.수익 대 산업: 9533의 지난 1년 수익 증가율(23.6%)은 Gas Utilities 업계의 19.7%를 상회했습니다.자기자본이익률높은 ROE: 9533의 자본 수익률(6.6%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YUtilities 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/26 01:53종가2026/05/26 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
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.
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%.
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
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.
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.
속보 • 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.
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.
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%).
분석 기사 • 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%.
분석 기사 • 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...
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
분석 기사 • 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...
분석 기사 • 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...
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
분석 기사 • 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.
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.
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%).
분석 기사 • 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.
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
분석 기사 • 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.
분석 기사 • 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.
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
분석 기사 • 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.
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.
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%).
분석 기사 • 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...
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
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.
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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).
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 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.
분석 기사 • 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%).
분석 기사 • 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.
분석 기사 • 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.
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
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.
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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...
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
분석 기사 • 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.
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: 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.
분석 기사 • 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...
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 Japanese dividend payers (3.2%). Lower than average of industry peers (2.0%).
분석 기사 • 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...
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
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.
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 2.6% 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%).
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 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.
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
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.
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
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.
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: 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.