Declared Dividend • Jul 26
Final dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 29th September 2026 Payment date: 19th November 2026 Dividend yield will be 366%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jun 12
Nippon Gas Co., Ltd. to Report Q1, 2027 Results on Jul 30, 2026 Nippon Gas Co., Ltd. announced that they will report Q1, 2027 results on Jul 30, 2026 Buy Or Sell Opportunity • May 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to €14.70. The fair value is estimated to be €18.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 9.9%. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings are also forecast to grow by 3.3% per annum over the same time period. Board Change • May 20
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 3 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). President, CEO & Representative Director Kunihiko Kashiwaya is the most experienced director on the board, commencing their role in 2013. Outside Independent Directors Tsuyoshi Yamada was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Duyuru • May 15
Nippon Gas Co., Ltd. (TSE:8174) announces an Equity Buyback for 1,500,000 shares, representing 1.41% for ¥3,000 million. Nippon Gas Co., Ltd. (TSE:8174) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 1.41% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,000 million. The purpose of the program is to increase ROE. The program will continue through March 31, 2027. As of April 30, 2026, the company had 106,506,178 issued shares (excluding treasury stock) and 6,321,020 treasury shares. Duyuru • Apr 30
Nippon Gas Co., Ltd., Annual General Meeting, Jun 25, 2026 Nippon Gas Co., Ltd., Annual General Meeting, Jun 25, 2026. Duyuru • Apr 15
Nippon Gas Co., Ltd. to Report Fiscal Year 2026 Results on Apr 30, 2026 Nippon Gas Co., Ltd. announced that they will report fiscal year 2026 results on Apr 30, 2026 Duyuru • Dec 05
Nippon Gas Co., Ltd. to Report Q3, 2026 Results on Feb 03, 2026 Nippon Gas Co., Ltd. announced that they will report Q3, 2026 results on Feb 03, 2026 Duyuru • Oct 28
Nippon Gas Co., Ltd. (TSE:8174) announces an Equity Buyback for 4,000,000 shares, representing 3.68% for ¥9,000 million. Nippon Gas Co., Ltd. (TSE:8174) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 3.68% of its issued share capital (excluding treasury stock), for a total purchase price of ¥9,000 million. The purpose of the program is to optimize capital-to-asset ratio and to reduce shareholder’s equity. The program will continue through March 31, 2026. As of September 30, 2025, the company had 108,741,184 issued shares (excluding treasury stock) and 4,086,014 treasury shares. Duyuru • Sep 04
Nippon Gas Co., Ltd. to Report Q2, 2026 Results on Oct 28, 2025 Nippon Gas Co., Ltd. announced that they will report Q2, 2026 results on Oct 28, 2025 Duyuru • Jun 05
Nippon Gas Co., Ltd. to Report Q1, 2026 Results on Jul 29, 2025 Nippon Gas Co., Ltd. announced that they will report Q1, 2026 results on Jul 29, 2025 Duyuru • May 01
Nippon Gas Co., Ltd., Annual General Meeting, Jun 25, 2025 Nippon Gas Co., Ltd., Annual General Meeting, Jun 25, 2025. Duyuru • Jan 28
Nippon Gas Co., Ltd. (TSE:8174) announces an Equity Buyback for 1,700,000 shares, representing 1.54% for ¥3,000 million. Nippon Gas Co., Ltd. (TSE:8174) announces a share repurchase program. Under the program, the company will repurchase up to 1,700,000 shares, representing 1.54% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,000 million. The purpose of the program is increasing the return on assets while growing profits and achieve a capital policy that is supported by the shareholders. The program will continue through April 30, 2025. As of end of December 2024, the company had 110,372,266 issued shares (excluding treasury stock) and 2,454,932 treasury shares. Duyuru • Jan 06
Nippon Gas Co., Ltd. Announces Passing Away of Shinji Wada, Director of the Board and Executive Officer of the Company Nippon Gas Co., Ltd. announced Shinji Wada passed away on 29 December 2024, and retired from the position of Director of the Board and Executive Officer of the company on the same day. Date of birth:3 April 1952. Date of death (resignation):29 December 2024. Work history: June 2005- President and Representative Director, May 2022 -Chairperson and Director. Duyuru • Dec 04
Nippon Gas Co., Ltd. to Report Q3, 2025 Results on Jan 28, 2025 Nippon Gas Co., Ltd. announced that they will report Q3, 2025 results on Jan 28, 2025 Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: JP¥1.41 (vs JP¥6.13 in 2Q 2024) Second quarter 2025 results: EPS: JP¥1.41 (down from JP¥6.13 in 2Q 2024). Revenue: JP¥41.4b (up 4.4% from 2Q 2024). Net income: JP¥156.0m (down 78% from 2Q 2024). Profit margin: 0.4% (down from 1.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year. Duyuru • Oct 29
Nippon Gas Co., Ltd. Announces End of Second Quarter Dividend for the Six Months Ended September 30, 2024, Payable on November 19, 2024 Nippon Gas Co., Ltd. announced end of second quarter dividend of JPY 46.25 per share for the six months ended September 30, 2024 against JPY 37.50 per share a year ago. Scheduled date of commencing dividend payments: November 19th, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥46.25 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 18 November 2024. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (6.7%). Duyuru • Sep 03
Nippon Gas Co., Ltd. to Report Q2, 2025 Results on Oct 29, 2024 Nippon Gas Co., Ltd. announced that they will report Q2, 2025 results on Oct 29, 2024 Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥13.02 (vs JP¥25.24 in 1Q 2024) First quarter 2025 results: EPS: JP¥13.02 (down from JP¥25.24 in 1Q 2024). Revenue: JP¥44.6b (down 5.4% from 1Q 2024). Net income: JP¥1.45b (down 49% from 1Q 2024). Profit margin: 3.3% (down from 6.1% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥46.25 announced Shareholders will receive a dividend of JP¥46.25. Ex-date: 27th September 2024 Payment date: 18th November 2024 Dividend yield will be 349%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (75% cash payout ratio). The dividend has increased by an average of 36% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jun 25
Nippon Gas Co., Ltd. (TSE:8174) announces an Equity Buyback for 1,500,000 shares, representing 1.35% for ¥3,000 million. Nippon Gas Co., Ltd. (TSE:8174) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 1.35% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,000 million. The program will continue through December 31, 2024. As of May 31 ,2024, the company had 111,493,233 issued shares (excluding treasury stock) and 3,823,865 treasury shares. Duyuru • May 06
Nippon Gas Co., Ltd. to Report Q1, 2025 Results on Jul 30, 2024 Nippon Gas Co., Ltd. announced that they will report Q1, 2025 results on Jul 30, 2024 Reported Earnings • May 01
Full year 2024 earnings released: EPS: JP¥95.63 (vs JP¥93.12 in FY 2023) Full year 2024 results: EPS: JP¥95.63 (up from JP¥93.12 in FY 2023). Revenue: JP¥194.4b (down 6.5% from FY 2023). Net income: JP¥10.8b (up 1.9% from FY 2023). Profit margin: 5.6% (up from 5.1% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥37.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (7.1%). Duyuru • Feb 12
Nippon Gas Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Nippon Gas Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: JP¥27.55 (vs JP¥20.37 in 3Q 2023) Third quarter 2024 results: EPS: JP¥27.55 (up from JP¥20.37 in 3Q 2023). Revenue: JP¥47.9b (down 14% from 3Q 2023). Net income: JP¥3.11b (up 34% from 3Q 2023). Profit margin: 6.5% (up from 4.2% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 02
Nippon Gas Co., Ltd. (TSE:8174) announces an Equity Buyback for 1,800,000 shares, representing 1.59% for ¥3,500 million. Nippon Gas Co., Ltd. (TSE:8174) announces a share repurchase program. Under the program, the company will repurchase up to 1,800,000 shares, representing 2.35% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,500 million. The program will continue through July 31, 2024. As of December 31 ,2023, the company had 112,864,297 issued shares (excluding treasury stock) and 2,452,801 treasury shares. Duyuru • Dec 22
Nippon Gas Co., Ltd. to Report Q3, 2024 Results on Feb 01, 2024 Nippon Gas Co., Ltd. announced that they will report Q3, 2024 results on Feb 01, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥6.13 (vs JP¥6.87 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥6.13 (up from JP¥6.87 loss in 2Q 2023). Revenue: JP¥39.7b (down 1.6% from 2Q 2023). Net income: JP¥696.0m (up JP¥1.48b from 2Q 2023). Profit margin: 1.8% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 2.0% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥37.50 per share at 3.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 17 November 2023. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.0%). Buying Opportunity • Sep 15
Now 21% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be €18.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 9.8%. For the next 3 years, revenue is forecast to grow by 1.8% per annum. Earnings is also forecast to grow by 7.9% per annum over the same time period. Duyuru • Jul 30
Nippon Gas Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023 Nippon Gas Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 Duyuru • Jul 28
Nippon Gas Co., Ltd. (TSE:8174) announces an Equity Buyback for 2,000,000 shares, representing 1.76% for ¥3,000 million. Nippon Gas Co., Ltd. (TSE:8174) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 2.35% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,000 million. The program will continue through October 31, 2023. As of June 30 ,2023, the company had 113,923,343 issued shares (excluding treasury stock) and 1,393,755 treasury shares. Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: JP¥25.24 (vs JP¥23.18 in 1Q 2023) First quarter 2024 results: EPS: JP¥25.24 (up from JP¥23.18 in 1Q 2023). Revenue: JP¥47.1b (up 5.2% from 1Q 2023). Net income: JP¥2.87b (up 8.1% from 1Q 2023). Profit margin: 6.1% (up from 5.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Buying Opportunity • Jun 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.7%. The fair value is estimated to be €16.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 1.8% per annum. Earnings is also forecast to grow by 7.8% per annum over the same time period. Buying Opportunity • May 26
Now 21% undervalued Over the last 90 days, the stock is up 3.1%. The fair value is estimated to be €16.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 0.6% per annum. Earnings is also forecast to grow by 7.6% per annum over the same time period. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: JP¥93.12 (vs JP¥86.23 in FY 2022) Full year 2023 results: EPS: JP¥93.12 (up from JP¥86.23 in FY 2022). Revenue: JP¥207.9b (up 28% from FY 2022). Net income: JP¥10.6b (up 6.6% from FY 2022). Profit margin: 5.1% (down from 6.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 9% per year. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €11.40, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Gas Utilities industry in Europe. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.72 per share. Buying Opportunity • Apr 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be €14.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings is also forecast to grow by 6.1% per annum over the same time period. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥32.50 per share at 3.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.7%). Reported Earnings • Feb 02
Third quarter 2023 earnings released: EPS: JP¥20.37 (vs JP¥23.56 in 3Q 2022) Third quarter 2023 results: EPS: JP¥20.37 (down from JP¥23.56 in 3Q 2022). Revenue: JP¥55.3b (up 33% from 3Q 2022). Net income: JP¥2.32b (down 14% from 3Q 2022). Profit margin: 4.2% (down from 6.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. Duyuru • Feb 01
Nippon Gas Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023 Nippon Gas Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2023. For the period, the company expects net sales of ¥190,000 million, Operating income of ¥16,500 million, Profit attributable to owners of parent of ¥11,000 million or ¥96.44 basic per share. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Outside Independent Director Takashi Ide was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Second quarter 2023 earnings released: JP¥6.87 loss per share (vs JP¥5.85 profit in 2Q 2022) Second quarter 2023 results: JP¥6.87 loss per share (down from JP¥5.85 profit in 2Q 2022). Revenue: JP¥40.3b (up 31% from 2Q 2022). Net loss: JP¥783.0m (down 216% from profit in 2Q 2022). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥32.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 17 November 2022. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.9%). Duyuru • Sep 04
Nippon Gas Co., Ltd. to Report Q2, 2023 Results on Nov 01, 2022 Nippon Gas Co., Ltd. announced that they will report Q2, 2023 results on Nov 01, 2022 Reported Earnings • Aug 03
First quarter 2023 earnings released: EPS: JP¥23.18 (vs JP¥15.17 in 1Q 2022) First quarter 2023 results: EPS: JP¥23.18 (up from JP¥15.17 in 1Q 2022). Revenue: JP¥44.8b (up 29% from 1Q 2022). Net income: JP¥2.66b (up 50% from 1Q 2022). Profit margin: 5.9% (up from 5.1% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 12% compared to a 11% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 19% per year. Reported Earnings • Jun 26
Full year 2022 earnings released Full year 2022 results: Revenue: JP¥162.6b (up 13% from FY 2021). Net income: JP¥9.97b (up 6.4% from FY 2021). Profit margin: 6.1% (down from 6.5% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 18% compared to a 13% decline forecast for the industry in Germany. Duyuru • Jun 08
Nippon Gas Co., Ltd. to Report Q1, 2023 Results on Aug 02, 2022 Nippon Gas Co., Ltd. announced that they will report Q1, 2023 results on Aug 02, 2022 Valuation Update With 7 Day Price Move • May 04
Investor sentiment improved over the past week After last week's 16% share price gain to €13.00, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Gas Utilities industry in Europe. Total returns to shareholders of 93% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.88 per share. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: JP¥86.23 (vs JP¥78.94 in FY 2021) Full year 2022 results: EPS: JP¥86.23 (up from JP¥78.94 in FY 2021). Revenue: JP¥162.6b (up 13% from FY 2021). Net income: JP¥9.97b (up 6.4% from FY 2021). Profit margin: 6.1% (down from 6.5% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 9.1% compared to a 6.4% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Board Director/Trustee Takashi Ide was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Apr 08
Nippon Gas Co., Ltd. to Report Fiscal Year 2022 Results on Apr 28, 2022 Nippon Gas Co., Ltd. announced that they will report fiscal year 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (5.4%). Reported Earnings • Jan 29
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥23.56 (up from JP¥17.39 in 3Q 2021). Revenue: JP¥41.7b (up 24% from 3Q 2021). Net income: JP¥2.71b (up 32% from 3Q 2021). Profit margin: 6.5% (up from 6.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Over the next year, revenue is forecast to grow 4.3% compared to a 5.1% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 29
Nippon Gas Co., Ltd. Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2022 Nippon Gas Co., Ltd. provided year-end dividend guidance for the fiscal year ending March 31, 2022. For the year, the company expects to pay year-end dividend of JPY 25.00 per share against JPY 62.50 per share paid for the same period a year ago. Duyuru • Jan 28
Nippon Gas Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2022 Nippon Gas Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2022. For the period, the company expects net sales to be JPY 160,000 million, operating income to be JPY 13,000 million, profit attributable to owners of parent to be JPY 10,000 million and basic earnings per share to be JPY 86.47. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 16% share price gain to €12.20, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Gas Utilities industry in Europe. Total returns to shareholders of 23% over the past three years. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS JP¥5.85 (vs JP¥1.85 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥30.7b (up 10% from 2Q 2021). Net income: JP¥676.0m (up JP¥897.0m from 2Q 2021). Profit margin: 2.2% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 27 November 2021. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (6.1%). Reported Earnings • Jul 30
First quarter 2022 earnings released: EPS JP¥15.17 (vs JP¥22.07 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥34.7b (up 3.2% from 1Q 2021). Net income: JP¥1.77b (down 33% from 1Q 2021). Profit margin: 5.1% (down from 7.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS JP¥237 (vs JP¥63.32 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥143.5b (up 8.3% from FY 2020). Net income: JP¥9.37b (up 21% from FY 2020). Profit margin: 6.5% (up from 5.8% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 28
Nippon Gas Co., Ltd. (TSE:8174) announces an Equity Buyback for 2,000,000 shares, representing 1.71% for ¥4,000 million. Nippon Gas Co., Ltd. (TSE:8174) announces an share repurchase program. Under the program the company will repurchase 2,000,000 shares, representing 1.71% of the outstanding shares for ¥4,000 million. The program will run until March 31, 2022. As of of the end of March, 2021, the company had 116,998,992 shares outstanding (excluding treasury stock) after giving effect to stock-split and 3,592,506 shares in treasury shown including 1,474,194 shares of the company owned by the executive compensation BIP trust. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥62.50 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (6.2%). Duyuru • Mar 04
Nippon Gas Co., Ltd. to Report Fiscal Year 2021 Results on Apr 27, 2021 Nippon Gas Co., Ltd. announced that they will report fiscal year 2021 results on Apr 27, 2021 Is New 90 Day High Low • Feb 20
New 90-day low: €38.00 The company is down 18% from its price of €46.20 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €57.82 per share. Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS JP¥52.15 (vs JP¥30.21 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥33.6b (up 4.8% from 3Q 2020). Net income: JP¥2.06b (up 69% from 3Q 2020). Profit margin: 6.1% (up from 3.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue misses expectations Revenue missed analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 9.4%, compared to a 3.0% growth forecast for the Gas Utilities industry in Germany. Duyuru • Jan 29
Nippon Gas Co., Ltd. Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2021 Nippon Gas Co., Ltd. revised consolidated earnings guidance for the full year ending March 31, 2021. For the full year, the company now expects to report net sales of JPY 140,000 million, operating income of JPY 13,500 million, and net profit attributable to owners of the parent company of JPY 8,800 million or JPY 221.40 per basic share. The company previously expected to report net sales of JPY 140,000 million, operating income of JPY 13,000 million, and net profit attributable to owners of the parent company of JPY 8,500 million or JPY 213.35 per basic share. Is New 90 Day High Low • Nov 19
New 90-day high: €43.20 The company is up 28% from its price of €33.80 on 21 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €51.70 per share. Reported Earnings • Nov 19
Second quarter 2021 earnings released: JP¥5.56 loss per share The company reported a soft second quarter result with increased losses and weaker control over expenses, although revenues were improved. Second quarter 2021 results: Revenue: JP¥27.9b (up 5.1% from 2Q 2020). Net loss: JP¥221.0m (loss widened 60% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 14% per year. Analyst Estimate Surprise Post Earnings • Nov 19
Revenue misses expectations Revenue missed analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 5.8%, compared to a 1.4% growth forecast for the Gas Utilities industry in Germany. Reported Earnings • Nov 04
Second quarter 2021 earnings released: JP¥5.56 loss per share The company reported a soft second quarter result with increased losses and weaker control over expenses, although revenues were improved. Second quarter 2021 results: Revenue: JP¥27.9b (up 5.1% from 2Q 2020). Net loss: JP¥221.0m (loss widened 60% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year. Analyst Estimate Surprise Post Earnings • Nov 04
Revenue misses expectations Revenue missed analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 5.3%, compared to a 2.6% growth forecast for the Gas Utilities industry in Germany. Is New 90 Day High Low • Sep 28
New 90-day high: €42.80 The company is up 14% from its price of €37.40 on 30 June 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €51.92 per share. Duyuru • Sep 06
Nippon Gas Co., Ltd. to Report Q2, 2021 Results on Nov 02, 2020 Nippon Gas Co., Ltd. announced that they will report Q2, 2021 results on Nov 02, 2020