Tokyo Gas KK

9531

Equity

ISIN JP3573000001 / Valor 763660

Tokyo Stock Exchange (2024-12-26)

JPY 4,376.00+0.18%

Tokyo Gas KK
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About company

Tokyo Gas Co., Ltd., established in 1885, is the leading natural gas utility in Japan, serving major urban areas including Tokyo, Kanagawa, Saitama, Chiba, Ibaraki, Tochigi, Gunma, Yamanashi, and Nagano. The company is primarily engaged in the production, supply, and sale of natural gas, catering to both residential and commercial customers. Tokyo Gas also extends its services to include energy-related solutions such as gas appliances, engineering services, and energy management systems. As the largest natural gas provider in the country, Tokyo Gas plays a crucial role in Japan's energy infrastructure, ensuring a stable and reliable supply of natural gas to its extensive customer base.

Summarized from source with an LLMView SourceSector: Energy

Net Sales Decline

In the second quarter of the fiscal year ending March 31, 2025, Tokyo Gas KK reported a decrease in net sales by 4.0% year-on-year, amounting to ¥1,221,494 million. This decline was primarily attributed to the impact of falling unit prices due to resource cost adjustments.

Operating and Ordinary Profit Drop

Tokyo Gas KK experienced a significant drop in operating profit by 70.5% to ¥38,231 million and ordinary profit by 80.6% to ¥28,703 million for the second quarter of the fiscal year ending March 31, 2025. The decrease was largely due to increased operating expenses driven by higher raw material costs.

Profit Attributable to Owners

The profit attributable to owners of the parent company for Tokyo Gas KK fell by 83.5% to ¥17,170 million in the second quarter of the fiscal year ending March 31, 2025. This decline was despite recording gains from the sale of investment securities and compensation income for damages.

Dividend Forecast

Tokyo Gas KK maintained its dividend forecast for the fiscal year ending March 31, 2025, with an annual dividend of ¥70.00 per share. The interim dividend was set at ¥35.00 per share, with payments scheduled to start on November 29, 2024.

Future Outlook

For the full fiscal year ending March 31, 2025, Tokyo Gas KK revised its consolidated results forecast, projecting net sales of ¥2,653,000 million, a slight decrease of 0.4% from the previous year. The company anticipates a significant reduction in operating profit by 43.3% to ¥125,000 million and ordinary profit by 53.5% to ¥106,000 million.

Summarized from source with an LLMView Source

Key figures

37.1%1Y

112%3Y

64.4%5Y

Performance

34.6%1Y

29.5%3Y

28.4%5Y

Volatility