Tokyo Gas Co.,Ltd.

TSE:9531 Stock Report

Market Cap: JP¥1.8t

Tokyo GasLtd Future Growth

Future criteria checks 0/6

Tokyo GasLtd's earnings are forecast to decline at 8.1% per annum while its annual revenue is expected to grow at 0.2% per year. EPS is expected to grow by 0.08% per annum. Return on equity is forecast to be 7.3% in 3 years.

Key information

-8.1%

Earnings growth rate

0.084%

EPS growth rate

Gas Utilities earnings growth4.5%
Revenue growth rate0.2%
Future return on equity7.33%
Analyst coverage

Low

Last updated17 Sep 2025

Recent future growth updates

Recent updates

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

Sep 03
Tokyo GasLtd (TSE:9531) Is Due To Pay A Dividend Of ¥40.00

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

Aug 07
Tokyo GasLtd (TSE:9531) Has Announced A Dividend Of ¥40.00

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

Jul 24
Tokyo GasLtd (TSE:9531) Has Announced A Dividend Of ¥40.00

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

Jul 10
Tokyo GasLtd (TSE:9531) Will Pay A Dividend Of ¥40.00

A Look At The Intrinsic Value Of Tokyo Gas Co.,Ltd. (TSE:9531)

Apr 29
A Look At The Intrinsic Value Of Tokyo Gas Co.,Ltd. (TSE:9531)

Tokyo GasLtd (TSE:9531) Takes On Some Risk With Its Use Of Debt

Mar 10
Tokyo GasLtd (TSE:9531) Takes On Some Risk With Its Use Of Debt

What You Can Learn From Tokyo Gas Co.,Ltd.'s (TSE:9531) P/E

Feb 21
What You Can Learn From Tokyo Gas Co.,Ltd.'s (TSE:9531) P/E

Why Tokyo GasLtd's (TSE:9531) Shaky Earnings Are Just The Beginning Of Its Problems

Nov 23
Why Tokyo GasLtd's (TSE:9531) Shaky Earnings Are Just The Beginning Of Its Problems

Market Participants Recognise Tokyo Gas Co.,Ltd.'s (TSE:9531) Earnings Pushing Shares 35% Higher

Nov 21
Market Participants Recognise Tokyo Gas Co.,Ltd.'s (TSE:9531) Earnings Pushing Shares 35% Higher

Tokyo GasLtd (TSE:9531) Has A Somewhat Strained Balance Sheet

Oct 19
Tokyo GasLtd (TSE:9531) Has A Somewhat Strained Balance Sheet

Earnings and Revenue Growth Forecasts

TSE:9531 - Analysts future estimates and past financials data (JPY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/20282,709,160118,54044,250N/A5
3/31/20272,683,900117,62050,300N/A5
3/31/20262,707,740183,90070,000N/A5
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
9/30/20192,040,41185,98555,810273,586N/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
6/30/20152,245,889124,483N/AN/AN/A
3/31/20152,292,54895,828N/A223,225N/A
12/31/20142,256,91691,063N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9531's earnings are forecast to decline over the next 3 years (-8.1% per year).

Earnings vs Market: 9531's earnings are forecast to decline over the next 3 years (-8.1% per year).

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

Revenue vs Market: 9531's revenue (0.2% per year) is forecast to grow slower than the JP market (4.4% per year).

High Growth Revenue: 9531's revenue (0.2% 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 (7.3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/10 07:42
End of Day Share Price 2025/10/10 00:00
Earnings2025/06/30
Annual Earnings2025/03/31

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 22 analysts. 5 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
Takashi MiyazakiCitigroup Global Markets Japan Inc.