TOHO GAS Co ( (THOGF) ) has released its Q1 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 Japanese energy sector, primarily engaged in the production and distribution of gas, LPG, and electricity, with a strong presence on the Tokyo and Nagoya Stock Exchanges.
In its latest earnings report for the first quarter of fiscal year 2025, Toho Gas Co. demonstrated significant growth in its financial performance, with notable increases in net sales and income metrics compared to the previous year.
The company reported a 10.5% increase in net sales, reaching ¥161,470 million, and a substantial 30.3% rise in operating income to ¥19,840 million. Ordinary income also saw a significant boost of 29.2%, amounting to ¥22,039 million, while net income attributable to owners of the parent increased by 21.6% to ¥16,614 million. The earnings per share rose to ¥172.27 from ¥131.30 in the same period last year.
Despite a decrease in total assets from ¥758,765 million to ¥739,897 million, Toho Gas maintained a strong equity ratio of 60.6%. The company also announced a forecasted increase in dividends per share for the fiscal year ending March 2026, reflecting confidence in its ongoing financial stability and growth.
Looking ahead, Toho Gas Co. remains cautiously optimistic, with management focusing on maintaining its growth trajectory while navigating the challenges of the energy market. The company is committed to enhancing shareholder value through strategic investments and operational efficiencies.