TOHO GAS Co ( (THOGF) ) has released its Q4 earnings. Here is a breakdown of the information TOHO GAS Co presented to its investors.
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Toho Gas Co., Ltd. is a prominent player in the energy sector, primarily engaged in the production, supply, and sales of gas, along with related services such as gas appliance sales and electricity distribution. The company is listed on the Tokyo and Nagoya Stock Exchanges.
In its latest earnings report for the fiscal year 2024, Toho Gas Co. reported a 3.6% increase in net sales, reaching 656,010 million yen. However, the company faced challenges with a decline in operating income by 8.1% and a significant drop in ordinary income by 20.6% compared to the previous year.
Key financial metrics highlighted in the report include a net income attributable to owners of the parent of 25,454 million yen, a decrease of 6.8% from the prior year. The company’s equity ratio stood at 59.1%, with total assets amounting to 758,765 million yen. Despite the decline in income, Toho Gas increased its annual dividend per share to 80 yen, reflecting a commitment to shareholder returns.
Looking ahead, Toho Gas Co. anticipates a challenging fiscal year 2025, with forecasts indicating a 7% decrease in net sales and a 22.3% decline in operating income. The company remains focused on strategic adjustments and operational efficiencies to navigate the evolving energy market landscape.