New Risk • Jul 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.7% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Reported Earnings • Jul 28
First quarter 2027 earnings released: EPS: JP¥26.19 (vs JP¥43.07 in 1Q 2026) First quarter 2027 results: EPS: JP¥26.19 (down from JP¥43.07 in 1Q 2026). Revenue: JP¥144.8b (down 10% from 1Q 2026). Net income: JP¥9.42b (down 43% from 1Q 2026). Profit margin: 6.5% (down from 10% in 1Q 2026). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Declared Dividend • Jul 26
Final dividend of JP¥11.25 announced Shareholders will receive a dividend of JP¥11.25. Ex-date: 29th September 2026 Payment date: 30th November 2026 Dividend yield will be 177%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 6.1% 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 4.2% over the next 3 years. However, it would need to fall by 70% to increase the payout ratio to a potentially unsustainable range. Announcement • May 29
Toho Gas Co., Ltd. to Report Q1, 2027 Results on Jul 27, 2026 Toho Gas Co., Ltd. announced that they will report Q1, 2027 results on Jul 27, 2026 Board Change • May 20
Less than half of directors are independent There 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. Announcement • Apr 30
Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2026 Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2026. Announcement • Mar 31
Toho 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. Announcement • Jan 30
Toho Gas Co., Ltd. to Report Fiscal Year 2026 Results on Apr 30, 2026 Toho Gas Co., Ltd. announced that they will report fiscal year 2026 results on Apr 30, 2026 Announcement • Dec 03
Toho Gas Co., Ltd. to Report Q3, 2026 Results on Jan 30, 2026 Toho Gas Co., Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 Announcement • Sep 30
Toho 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. Announcement • Jul 31
Toho Gas Co., Ltd. to Report Q2, 2026 Results on Oct 28, 2025 Toho Gas Co., Ltd. announced that they will report Q2, 2026 results on Oct 28, 2025 Announcement • May 14
Toho Gas Co., Ltd. to Report Q1, 2026 Results on Jul 30, 2025 Toho Gas Co., Ltd. announced that they will report Q1, 2026 results on Jul 30, 2025 Announcement • Apr 30
Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2025 Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2025. Announcement • Mar 27
Toho 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. Announcement • Feb 03
Toho Gas Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2025 Toho Gas Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2025 New Risk • Nov 16
New major risk - Revenue and earnings growth Earnings 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). Announcement • Nov 05
Toho Gas Co., Ltd. to Report Q3, 2025 Results on Jan 30, 2025 Toho Gas Co., Ltd. announced that they will report Q3, 2025 results on Jan 30, 2025 Reported Earnings • Nov 01
Second 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 26
Now 21% undervalued after recent price drop Over 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 20
Upcoming dividend of JP¥40.00 per share Eligible 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 02
First 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. Announcement • Aug 01
Toho Gas Co., Ltd. to Report Q2, 2025 Results on Oct 30, 2024 Toho Gas Co., Ltd. announced that they will report Q2, 2025 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Jul 31
Investor 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 11
Final dividend of JP¥40.00 announced Shareholders 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. Announcement • Jun 08
Toho Gas Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024 Toho Gas Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024 Announcement • Apr 27
Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2024 Toho Gas Co., Ltd., Annual General Meeting, Jun 25, 2024. Reported Earnings • Apr 26
Full 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. Announcement • Mar 29
Toho 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 21
Upcoming dividend of JP¥30.00 per share Eligible 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 01
Third 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. Announcement • Feb 01
Toho Gas Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2024 Toho Gas Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2024 Announcement • Nov 09
Toho Gas Co., Ltd. to Report Q3, 2024 Results on Jan 30, 2024 Toho Gas Co., Ltd. announced that they will report Q3, 2024 results on Jan 30, 2024 Reported Earnings • Nov 02
Second 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 21
Upcoming dividend of JP¥30.00 per share at 2.2% yield Eligible 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%). Announcement • Jul 29
Toho Gas Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023 Toho Gas Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Jul 28
First 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. Announcement • May 15
Toho Gas Co., Ltd. to Report Q1, 2024 Results on Jul 27, 2023 Toho Gas Co., Ltd. announced that they will report Q1, 2024 results on Jul 27, 2023 Reported Earnings • Apr 30
Full 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 23
Upcoming dividend of JP¥30.00 per share at 2.4% yield Eligible 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 29
Third 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. Announcement • Jan 27
Toho Gas Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2023 Toho Gas Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2023 Announcement • Nov 30
Toho Gas Co., Ltd. to Report Q3, 2023 Results on Jan 27, 2023 Toho Gas Co., Ltd. announced that they will report Q3, 2023 results on Jan 27, 2023 Reported Earnings • Nov 16
Second 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 16
Less than half of directors are independent There 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 28
Second 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 22
Upcoming dividend of JP¥30.00 per share Eligible 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%). Announcement • Sep 13
Toho Gas Co., Ltd. to Report First Half, 2023 Results on Oct 27, 2022 Toho Gas Co., Ltd. announced that they will report first half, 2023 results on Oct 27, 2022 Reported Earnings • Jul 30
First 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. Announcement • Jun 29
Toho Gas Co., Ltd. to Report Q1, 2023 Results on Jul 28, 2022 Toho Gas Co., Ltd. announced that they will report Q1, 2023 results on Jul 28, 2022 Reported Earnings • Apr 29
Full 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 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 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 23
Upcoming dividend of JP¥27.50 per share Eligible 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%). Announcement • Feb 25
Toho Gas Co., Ltd. to Report Fiscal Year 2022 Results on Apr 27, 2022 Toho Gas Co., Ltd. announced that they will report fiscal year 2022 results on Apr 27, 2022 Reported Earnings • Jan 30
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third 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 30
Second 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 13
Investor sentiment deteriorated over the past week After 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 22
Upcoming dividend of JP¥27.50 per share Eligible 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 31
First 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 30
Full 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 23
Upcoming dividend of JP¥27.50 per share Eligible 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%). Announcement • Mar 14
Toho Gas Co., Ltd. to Report Fiscal Year 2021 Results on Apr 28, 2021 Toho Gas Co., Ltd. announced that they will report fiscal year 2021 results on Apr 28, 2021 Is New 90 Day High Low • Mar 04
New 90-day low: €47.92 The 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 03
Third 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 03
Revenue misses expectations Revenue 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 19
New 90-day high: €54.00 The 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 17
Revenue beats expectations Revenue 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 15
Second quarter 2021 earnings released: EPS JP¥47.58 The 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 03
New 90-day high: €45.60 The 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 03
Revenue beats expectations Revenue 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 01
First half earnings released Over 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. Announcement • Sep 03
Toho Gas Co., Ltd. to Report Q2, 2021 Results on Oct 29, 2020 Toho Gas Co., Ltd. announced that they will report Q2, 2021 results on Oct 29, 2020