Tokyo Gas Co.,Ltd.

TSE:9531 Stock Report

Market Cap: JP¥2.0t

Tokyo GasLtd Future Growth

Future criteria checks 0/6

Tokyo GasLtd's earnings are forecast to decline at 10.1% per annum while its annual revenue is expected to grow at 1% per year. EPS is expected to decline by 4.6% per annum. Return on equity is forecast to be 8.1% in 3 years.

Key information

-10.1%

Earnings growth rate

-4.61%

EPS growth rate

Gas Utilities earnings growth-3.6%
Revenue growth rate1.0%
Future return on equity8.13%
Analyst coverage

Good

Last updated17 Jun 2026

Recent future growth updates

Recent updates

Analysis Article • May 05

Tokyo GasLtd's (TSE:9531) Solid Profits Have Weak Fundamentals

Despite posting some strong earnings, the market for Tokyo Gas Co.,Ltd.'s ( TSE:9531 ) stock hasn't moved much. We did...
Analysis Article • Jan 30

Tokyo GasLtd (TSE:9531) Has Announced A Dividend Of ¥50.00

The board of Tokyo Gas Co.,Ltd. ( TSE:9531 ) has announced that it will pay a dividend on the 8th of June, with...
Analysis Article • Dec 01

Tokyo GasLtd's (TSE:9531) Dividend Will Be ¥50.00

Tokyo Gas Co.,Ltd. ( TSE:9531 ) has announced that it will pay a dividend of ¥50.00 per share on the 8th of June. Even...
Analysis Article • Sep 03

Tokyo GasLtd (TSE:9531) Is Due To Pay A Dividend Of ¥40.00

The board of Tokyo Gas Co.,Ltd. ( TSE:9531 ) has announced that it will pay a dividend on the 1st of December, with...
Analysis Article • Aug 07

Tokyo GasLtd (TSE:9531) Has Announced A Dividend Of ¥40.00

Tokyo Gas Co.,Ltd. ( TSE:9531 ) will pay a dividend of ¥40.00 on the 1st of December. This takes the annual payment to...
Analysis Article • Jul 24

Tokyo GasLtd (TSE:9531) Has Announced A Dividend Of ¥40.00

The board of Tokyo Gas Co.,Ltd. ( TSE:9531 ) has announced that it will pay a dividend on the 1st of December, with...
Analysis Article • Jul 10

Tokyo GasLtd (TSE:9531) Will Pay A Dividend Of ¥40.00

Tokyo Gas Co.,Ltd. ( TSE:9531 ) has announced that it will pay a dividend of ¥40.00 per share on the 1st of December...

Earnings and Revenue Growth Forecasts

TSE:9531 - Analysts future estimates and past financials data (JPY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/20293,019,633142,183103,250401,4006
3/31/20283,013,533138,783107,500402,8006
3/31/20273,036,317126,267-2,275334,5336
3/31/20262,834,749226,857156,190451,837N/A
12/31/20252,832,711206,930N/AN/AN/A
9/30/20252,762,835186,704141,148429,530N/A
6/30/20252,697,321157,038N/AN/AN/A
3/31/20252,636,80974,19457,051363,120N/A
12/31/20242,605,61890,972N/AN/AN/A
9/30/20242,613,28183,12358,586324,377N/A
6/30/20242,601,754112,167N/AN/AN/A
3/31/20242,664,518169,936117,066331,210N/A
12/31/20232,892,061228,374N/AN/AN/A
9/30/20233,201,088313,259405,608602,170N/A
6/30/20233,329,391320,147N/AN/AN/A
3/31/20233,289,634280,916302,089487,030N/A
12/31/20223,057,885222,990N/AN/AN/A
9/30/20222,633,858128,53610,032203,798N/A
6/30/20222,346,925111,375N/AN/AN/A
3/31/20222,145,19788,745-51,747145,227N/A
12/31/20211,919,14737,958N/AN/AN/A
9/30/20211,809,69152,004-48,405161,408N/A
6/30/20211,757,70348,959N/AN/AN/A
3/31/20211,765,14649,50547,197255,574N/A
12/31/20201,796,65655,124N/AN/AN/A
9/30/20201,842,82544,38381,756287,266N/A
6/30/20201,873,67124,809N/AN/AN/A
3/31/20201,925,23543,38286,724306,296N/A
12/31/20191,997,76683,566N/AN/AN/A
9/30/20192,040,41185,985N/A273,586N/A
6/30/20192,028,09281,769N/AN/AN/A
3/31/20191,962,30884,555N/A141,306N/A
12/31/20181,882,47961,273N/AN/AN/A
9/30/20181,819,39369,947N/A154,454N/A
6/30/20181,774,67884,845N/AN/AN/A
3/31/20181,777,34474,987N/A259,738N/A
12/31/20171,722,50184,053N/AN/AN/A
9/30/20171,669,63458,597N/A214,331N/A
6/30/20171,615,46941,802N/AN/AN/A
3/31/20171,587,08553,134N/A238,734N/A
12/31/20161,630,82450,477N/AN/AN/A
9/30/20161,691,01857,832N/A301,832N/A
6/30/20161,772,99277,713N/AN/AN/A
3/31/20161,884,656111,936N/A354,658N/A
12/31/20152,052,326136,940N/AN/AN/A
9/30/20152,162,918119,398N/A370,678N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9531's earnings are forecast to decline over the next 3 years (-10.1% per year).

Earnings vs Market: 9531's earnings are forecast to decline over the next 3 years (-10.1% per year).

High Growth Earnings: 9531's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 9531's revenue (1% per year) is forecast to grow slower than the JP market (6.3% per year).

High Growth Revenue: 9531's revenue (1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 9531's Return on Equity is forecast to be low in 3 years time (8.1%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/08 16:53
End of Day Share Price 2026/07/08 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Tokyo Gas Co.,Ltd. is covered by 19 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Masanori MaruoBarclays
Takahiro MoriBofA Global Research
Citi ResearchCitigroup Inc