Toho Gas Co., Ltd.

TSE:9533 Stock Report

Market Cap: JP¥465.5b

Toho Gas Future Growth

Future criteria checks 0/6

Toho Gas's earnings are forecast to decline at 2.7% per annum while its annual revenue is expected to grow at 0.9% per year. EPS is expected to grow by 2.1% per annum. Return on equity is forecast to be 4.5% in 3 years.

Key information

-2.7%

Earnings growth rate

2.13%

EPS growth rate

Gas Utilities earnings growth1.0%
Revenue growth rate0.9%
Future return on equity4.45%
Analyst coverage

Low

Last updated13 Aug 2026

Recent future growth updates

Recent updates

Analysis Article • Jul 03

Concerns Surrounding Toho Gas' (TSE:9533) Performance

The recent earnings posted by Toho Gas Co., Ltd. ( TSE:9533 ) were solid, but the stock didn't move as much as we...
Analysis Article • Feb 13

Toho Gas (TSE:9533) Will Pay A Dividend Of ¥45.00

The board of Toho Gas Co., Ltd. ( TSE:9533 ) has announced that it will pay a dividend of ¥45.00 per share on the 26th...
Analysis Article • Jan 30

Toho Gas (TSE:9533) Is Due To Pay A Dividend Of ¥45.00

Toho Gas Co., Ltd.'s ( TSE:9533 ) investors are due to receive a payment of ¥45.00 per share on 26th of June. This...
Analysis Article • Jan 09

Is 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...
Analysis Article • Dec 22

We 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...
Analysis Article • Nov 29

Toho Gas (TSE:9533) Has Announced A Dividend Of ¥45.00

Toho Gas Co., Ltd. ( TSE:9533 ) will pay a dividend of ¥45.00 on the 26th of June. Based on this payment, the dividend...
Analysis Article • Aug 25

Toho Gas Co., Ltd.'s (TSE:9533) Business Is Yet to Catch Up With Its Share Price

With a median price-to-earnings (or "P/E") ratio of close to 15x in Japan, you could be forgiven for feeling...
Analysis Article • Jul 17

Toho Gas (TSE:9533) Seems To Use Debt Quite Sensibly

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • May 24

The Returns At Toho Gas (TSE:9533) Aren't Growing

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • May 07

We Think That There Are More Issues For Toho Gas (TSE:9533) Than Just Sluggish Earnings

The subdued market reaction suggests that Toho Gas Co., Ltd.'s ( TSE:9533 ) recent earnings didn't contain any...
Analysis Article • Feb 19

A 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...
Analysis Article • Jan 26

Toho Gas Co., Ltd.'s (TSE:9533) Share Price Not Quite Adding Up

With a price-to-earnings (or "P/E") ratio of 19x Toho Gas Co., Ltd. ( TSE:9533 ) may be sending bearish signals at the...
Analysis Article • Jan 09

Be Wary Of Toho Gas (TSE:9533) And Its Returns On Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • Dec 06

Is 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...
Analysis Article • Nov 16

Estimating 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...
Analysis Article • Oct 11

Toho Gas Co., Ltd.'s (TSE:9533) Business Is Yet to Catch Up With Its Share Price

With a price-to-earnings (or "P/E") ratio of 17.8x Toho Gas Co., Ltd. ( TSE:9533 ) may be sending bearish signals at...
Analysis Article • Sep 11

Toho Gas (TSE:9533) Could Be Struggling To Allocate Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Analysis Article • Aug 08

Toho Gas' (TSE:9533) Dividend Will Be ¥40.00

Toho Gas Co., Ltd.'s ( TSE:9533 ) investors are due to receive a payment of ¥40.00 per share on 2nd of December. The...
Analysis Article • Jul 25

Toho Gas' (TSE:9533) Dividend Will Be ¥40.00

Toho Gas Co., Ltd. ( TSE:9533 ) has announced that it will pay a dividend of ¥40.00 per share on the 2nd of December...
Analysis Article • Jul 11

Toho Gas (TSE:9533) Has Announced A Dividend Of ¥40.00

Toho Gas Co., Ltd.'s ( TSE:9533 ) investors are due to receive a payment of ¥40.00 per share on 2nd of December. The...
Analysis Article • Jun 28

Toho Gas Co., Ltd.'s (TSE:9533) Popularity With Investors Is Under Threat From Overpricing

It'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...
Analysis Article • May 21

Investors Will Want Toho Gas' (TSE:9533) Growth In ROCE To Persist

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...
Analysis Article • Apr 10

Is 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...
Analysis Article • Feb 29

Toho Gas Co., Ltd.'s (TSE:9533) Shares Lagging The Market But So Is The Business

With a price-to-earnings (or "P/E") ratio of 7.6x Toho Gas Co., Ltd. ( TSE:9533 ) may be sending bullish signals at the...

Earnings and Revenue Growth Forecasts

TSE:9533 - Analysts future estimates and past financials data (JPY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/2029665,46722,067800N/A3
3/31/2028664,50022,833-8,400N/A3
3/31/2027673,53325,300-19,800N/A3
6/30/2026634,46424,259N/AN/AN/A
3/31/2026651,08531,44924,64065,607N/A
12/31/2025660,81527,468N/AN/AN/A
9/30/2025669,76727,70141,39483,381N/A
6/30/2025671,37728,407N/AN/AN/A
3/31/2025656,01025,45438,85383,096N/A
12/31/2024644,00323,873N/AN/AN/A
9/30/2024625,48320,69611,01654,462N/A
6/30/2024623,81322,368N/AN/AN/A
3/31/2024632,98527,3049,84147,376N/A
12/31/2023669,64141,955N/AN/AN/A
9/30/2023704,13651,42749,55190,540N/A
6/30/2023716,83341,997N/AN/AN/A
3/31/2023706,07333,72116,68556,414N/A
12/31/2022665,20528,795N/AN/AN/A
9/30/2022610,27619,428-1,44435,120N/A
6/30/2022557,03920,456N/AN/AN/A
3/31/2022515,31315,459-3,59635,436N/A
12/31/2021468,331-468N/AN/AN/A
9/30/2021439,963-246-2,53733,211N/A
6/30/2021435,9257,180N/AN/AN/A
3/31/2021434,7768,59230,09264,397N/A
12/31/2020448,25613,015N/AN/AN/A
9/30/2020458,20013,24033,94568,999N/A
6/30/2020466,96610,437N/AN/AN/A
3/31/2020485,62316,266N/A68,376N/A
12/31/2019483,74526,847N/AN/AN/A
9/30/2019490,69925,317N/A57,611N/A
6/30/2019480,72521,359N/AN/AN/A
3/31/2019461,19914,820N/A32,615N/A
12/31/2018448,62110,583N/AN/AN/A
9/30/2018439,62714,881N/A47,836N/A
6/30/2018431,82817,095N/AN/AN/A
3/31/2018428,86818,022N/A57,047N/A
12/31/2017420,03616,554N/AN/AN/A
9/30/2017403,19611,719N/A37,469N/A
6/30/2017392,38311,790N/AN/AN/A
3/31/2017390,43317,749N/A37,264N/A
12/31/2016404,52623,452N/AN/AN/A
9/30/2016419,69127,474N/A54,258N/A
6/30/2016444,44533,549N/AN/AN/A
3/31/2016479,87043,008N/A114,923N/A
12/31/2015520,17940,951N/AN/AN/A
9/30/2015552,91536,099N/A108,128N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9533's earnings are forecast to decline over the next 3 years (-2.7% per year).

Earnings vs Market: 9533's earnings are forecast to decline over the next 3 years (-2.7% per year).

High Growth Earnings: 9533's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 9533's revenue (0.9% per year) is forecast to grow slower than the JP market (6.3% per year).

High Growth Revenue: 9533's revenue (0.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 9533's Return on Equity is forecast to be low in 3 years time (4.5%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/12 20:32
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
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 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

Toho Gas Co., Ltd. is covered by 13 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Takahiro MoriBofA Global Research
Takashi MiyazakiCitigroup Inc
Syusaku NishikawaDaiwa Securities Co. Ltd.