TOKYO GAS Co ( (TKGSF) ) has released its Q1 earnings. Here is a breakdown of the information TOKYO GAS Co presented to its investors.
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Tokyo Gas Co., Ltd. is a leading provider of city gas and electric power in Japan, operating primarily in the energy solutions sector with a focus on both domestic and international markets.
In its latest earnings report for the three months ended June 30, 2025, Tokyo Gas Co. reported a significant increase in financial performance, highlighted by a 10.3% rise in net sales and a substantial 438.7% increase in profit attributable to owners of the parent compared to the same period last year.
Key financial metrics showed remarkable growth, with operating profit and ordinary profit increasing by 141.4% and 122.3%, respectively. This growth was driven by increased sales volumes in both gas and electric power segments. The company also benefited from extraordinary income, including gains from the sale of non-current assets and investment securities.
Despite the strong financial performance, Tokyo Gas experienced a decrease in total assets and net assets due to seasonal factors and a reduction in interest-bearing debt. However, the company maintained a solid equity-to-asset ratio of 43.5%.
Looking ahead, Tokyo Gas remains optimistic about its future performance, forecasting continued growth in net sales and profits for the fiscal year ending March 31, 2026, driven by strong demand in both city gas and electric power sectors.