Toho Gas Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Toho Gas (TSE:9533) Full Year 2024 Results

Key Financial Results

• 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.
• EPS: JP¥260 (down from JP¥321 in FY 2023).

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

Toho Gas EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) exceeded analyst estimates by 1.1%.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 2 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 up 15% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Toho Gas that we have uncovered.

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