TOKYO GAS Co (9531) AI Stock Analysis

• Market Cap: $1.92T
• Dividend Yield: 1.62%
• Average Volume (3M): 953.27K
• Price to Earnings (P/E): 12.1
• Beta (1Y): 0.56
• Revenue Growth: 3.67%
• EPS Growth: 53.88%
• Country: JP
• Employees: 15,504
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Gas
• EPS (TTM): 282.35
• Shares Outstanding: 371,090,850
• 10 Day Avg. Volume: 822,840
• 30 Day Avg. Volume: 953,273
• PEG Ratio: -0.46
• Price to Book (P/B): 1.07
• Price to Sales (P/S): 0.70
• P/FCF Ratio: 10.38
• Enterprise Value/Market Cap: 1.50
• Enterprise Value/Revenue: 1.07
• Enterprise Value/Gross Profit: 6.44
• Enterprise Value/Ebitda: 5.49
• 1Y Price Target: $5,439.72
• Price Target Upside: 3.34% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 68 Neutral
• Price Target: ¥5,738.00 ▲(9.00% Upside)

TOKYO GAS Co's overall stock score of 68 reflects a balanced view of its financial performance, technical analysis, and valuation. The most significant factor is the financial performance, which shows moderate stability but highlights areas for improvement in profitability and debt management. Technical analysis indicates mixed market momentum, while valuation metrics suggest the stock is fairly priced with a reasonable dividend yield. The absence of earnings call and corporate events data did not impact the score.

TOKYO GAS Co Business Overview & Revenue Model

Company Description

Tokyo Gas Co., Ltd. engages in the production, supply, and sale of city and liquid gas, and LNG in Japan. The company operates through five segments: Gas, Electric Power, Overseas, Energy Related, and Real Estate. It offers engineering solutions; gas installation work and construction; and gas pipelines services, as well as engages in gas appliances business. The company is also involved in overseas resource development and investment, and energy supply activities. In addition, it engages in the real estate development business; and leasing and management of land and buildings. The company was incorporated in 1885 and is headquartered in Tokyo, Japan.

How the Company Makes Money

TOKYO GAS generates revenue primarily through the sale of natural gas to residential, commercial, and industrial customers. The company operates on a regulated pricing model, where gas prices are determined by government regulations, ensuring a stable revenue stream. Additionally, TOKYO GAS has diversified its income through electricity sales, leveraging the deregulation of the electricity market in Japan. It also earns revenue from ancillary services, such as energy efficiency consulting and maintenance services for gas appliances. Significant partnerships with local governments and participation in renewable energy projects contribute to its earnings, as the company invests in sustainable energy solutions and infrastructure, positioning itself for future growth.

TOKYO GAS Co Financial Statement Overview

Summary

TOKYO GAS Co presents a mixed financial picture. The income statement demonstrates moderate profitability and revenue growth challenges. The balance sheet indicates solid equity but rising leverage, while the cash flow statement reveals adequate operating cash flow with concerns over free cash flow consistency. The company needs to address profitability pressures and manage its debt levels to enhance financial stability.

Income Statement

TOKYO GAS Co has shown a mixed performance in its income statement metrics. The gross profit margin has been declining, indicating potential pressure on cost management or pricing. The net profit margin has also decreased, reflecting challenges in maintaining profitability. Revenue growth rates have been inconsistent, with a notable drop in 2024, followed by a slight recovery. The EBIT and EBITDA margins have fluctuated, pointing to volatility in operational efficiency. Overall, the income statement reflects moderate stability with room for improvement in profitability and revenue growth.

Balance Sheet

The balance sheet of TOKYO GAS Co exhibits strong equity, with a healthy stockholders' equity base relative to total assets. However, the debt-to-equity ratio has increased, indicating rising leverage which could pose a risk if not managed properly. The equity ratio suggests a solid financial structure, though the rising debt levels warrant attention. Return on equity has been volatile, reflecting fluctuations in profitability relative to equity. Overall, the balance sheet shows resilience but highlights the need to monitor debt levels.

Cash Flow

Cash flow metrics for TOKYO GAS Co indicate challenges in maintaining consistent free cash flow growth, with negative growth in several years. The operating cash flow to net income ratio suggests that the company is generating sufficient cash from operations relative to its net income. However, the free cash flow to net income ratio has been inconsistent, reflecting variability in capital expenditure and cash generation. Overall, the cash flow statement shows adequate operational cash flow but highlights concerns regarding free cash flow sustainability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.70T	2.64T	2.66T	3.29T	2.15T	1.77T
Gross Profit	447.35B	406.24B	475.26B	693.17B	598.61B	552.52B
EBITDA	525.39B	396.93B	484.24B	632.59B	352.64B	259.49B
Net Income	156.02B	74.19B	165.48B	280.92B	95.70B	49.51B
Balance Sheet
Total Assets	3.65T	3.86T	3.89T	3.58T	3.22T	2.74T
Cash, Cash Equivalents and Short-Term Investments	156.18B	244.49B	363.94B	453.51B	179.78B	159.09B
Total Debt	1.24T	1.34T	1.44T	1.24T	1.22T	1.05T
Total Liabilities	1.99T	2.05T	2.16T	1.99T	1.96T	1.56T
Stockholders Equity	1.59T	1.73T	1.70T	1.56T	1.25T	1.15T
Cash Flow
Free Cash Flow	0.00	177.20B	117.07B	302.09B	-51.75B	46.15B
Operating Cash Flow	0.00	363.12B	316.32B	487.03B	145.23B	255.57B
Investing Cash Flow	0.00	-263.53B	-362.01B	-203.52B	-224.66B	-295.91B
Financing Cash Flow	0.00	-255.98B	-58.34B	-22.40B	90.49B	52.01B

TOKYO GAS Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5264.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9531, the sentiment is Positive. The current price of 5264 is above the 20-day moving average (MA) of 5259.05, below the 50-day MA of 5484.64, and above the 200-day MA of 4841.02, indicating a neutral trend. The MACD of -53.89 indicates Negative momentum. The RSI at 45.97 is Neutral, neither overbought nor oversold. The STOCH value of 32.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9531.

TOKYO GAS Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9536	73 Outperform	€71.46B	8.92	8.21%	3.64%	4.02%	47.09%
9543	70 Outperform	¥84.11B	12.23	6.08%	4.20%	3.78%	-20.91%
9533	69 Neutral	$433.62B	15.19	6.41%	1.94%	7.62%	35.76%
9531	68 Neutral	$1.92T	12.15	9.66%	1.62%	3.67%	53.88%
8174	68 Neutral	¥304.26B	24.08	20.08%	3.51%	4.94%	38.06%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
9532	64 Neutral	$1.65T	10.87	9.47%	2.26%	1.36%	52.75%

TOKYO GAS Co Corporate Events

Tokyo Gas Completes Major Stock Repurchase

Tokyo Gas Co., Ltd. has completed a significant stock repurchase, acquiring 1,930,900 shares for over 11 billion yen, reaching the upper limit approved by its Board of Directors. This strategic move is part of a larger plan to acquire up to 35 million shares, reflecting the company’s efforts to enhance shareholder value and optimize its capital structure.

The most recent analyst rating on (JP:9531) stock is a Hold with a Yen5440.00 price target. To see the full list of analyst forecasts on TOKYO GAS Co stock, see the JP:9531 Stock Forecast page.

Tokyo Gas Advances Treasury Stock Buyback Program

Tokyo Gas Co., Ltd. announced the progress of its treasury stock buyback program, acquiring 3,924,400 shares worth approximately 21.99 billion yen between August 1 and August 31, 2025. This move is part of a larger initiative approved in March 2025, allowing the company to buy back up to 35 million shares, potentially impacting shareholder value and market perception positively.

The most recent analyst rating on (JP:9531) stock is a Hold with a Yen5440.00 price target. To see the full list of analyst forecasts on TOKYO GAS Co stock, see the JP:9531 Stock Forecast page.

Tokyo Gas Advances Treasury Stock Buyback Program

Tokyo Gas Co., Ltd. announced the progress of its treasury stock buyback program, acquiring 4,949,000 shares worth approximately 24.19 billion yen between July 1 and July 31, 2025. This buyback is part of a larger plan approved by the Board of Directors to acquire up to 35 million shares, reflecting the company’s strategic move to optimize its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (JP:9531) stock is a Hold with a Yen4840.00 price target. To see the full list of analyst forecasts on TOKYO GAS Co stock, see the JP:9531 Stock Forecast page.

Tokyo Gas Reports Strong Growth in Q1 2025 Earnings

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.

Tokyo Gas Announces Treasury Shares Disposal for Employee Incentive Plan

Tokyo Gas Co., Ltd. has announced a plan to dispose of treasury shares as part of a Restricted Stock Incentive Plan aimed at its employee shareholding association. This initiative is designed to enhance employee benefits and align their interests with corporate goals by allowing them to acquire company stock, thereby promoting shared value and participation in management. The disposal involves 30,090 shares and is expected to have a minimal impact on the market due to its small scale.

The most recent analyst rating on (JP:9531) stock is a Hold with a Yen4840.00 price target. To see the full list of analyst forecasts on TOKYO GAS Co stock, see the JP:9531 Stock Forecast page.

Tokyo Gas Reports Strong Q1 2025 Financial Results

Tokyo Gas Co., Ltd. reported a significant increase in its financial performance for the three months ended June 30, 2025, with net sales rising by 10.3% and profit attributable to owners of the parent surging by 438.7% year-on-year. The company also announced a stable dividend forecast for the fiscal year ending March 31, 2026, maintaining its position in the energy market despite changes in its scope of consolidation.

The most recent analyst rating on (JP:9531) stock is a Hold with a Yen4840.00 price target. To see the full list of analyst forecasts on TOKYO GAS Co stock, see the JP:9531 Stock Forecast page.