Tokyo GasLtd Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Tokyo GasLtd (TSE:9531) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥2.66t (down 19% from FY 2023).
• Net income: JP¥169.9b (down 40% from FY 2023).
• Profit margin: 6.4% (down from 8.5% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: JP¥412 (down from JP¥647 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tokyo GasLtd EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 7.5%.

Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Japan are expected to remain flat.

Performance of the Japanese Gas Utilities industry.

The company's shares are down 4.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Tokyo GasLtd has 3 warning signs (and 1 which is significant) we think you should know about.

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