TOKYO GAS Co Ltd (JP:9531)
:9531
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TOKYO GAS Co
(9531)
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Rating:63Neutral
Price Target:
¥7,388.00
▲(18.44% Upside)
Action:ReiteratedDate:04/30/26
The score is primarily supported by solid financial performance, including a strong 2026 earnings rebound and stronger operating cash flow, offset by notable historical volatility. Technical indicators are mixed-to-weak (negative MACD and below key moving averages), while valuation is reasonable but not especially compelling given the modest dividend yield.
Positive Factors
Integrated LNG procurement & vertical footprint
Owning LNG procurement, handling, storage and downstream supply creates durable operational control and margin capture across the value chain. This integration helps stabilize supply, supports sourcing optimization, and reinforces competitive barriers versus pure retailers over a multi‑month to multi‑year horizon.
Negative Factors
Earnings and cashflow volatility
Large year-to-year swings in revenue, margins and net income indicate earnings volatility driven by commodity, demand and timing effects. This inconsistent profitability complicates multi‑year planning, capital allocation and dividend predictability for investors focusing on steady utility cash flows.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated LNG procurement & vertical footprint
Owning LNG procurement, handling, storage and downstream supply creates durable operational control and margin capture across the value chain. This integration helps stabilize supply, supports sourcing optimization, and reinforces competitive barriers versus pure retailers over a multi‑month to multi‑year horizon.
Read all positive factors
TOKYO GAS Co (9531) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.21T
Dividend Yield1.53%
Average Volume (3M)953.27K
Price to Earnings (P/E)10.3
Beta (1Y)0.56
Revenue Growth7.51%
EPS Growth232.54%
CountryJP
Employees15,504
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)426.99
Shares Outstanding334,959,260
10 Day Avg. Volume822,840
30 Day Avg. Volume953,273
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.50
Price to Sales (P/S)0.91
P/FCF Ratio8.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)375.34
Revenue Forecast (FY)¥3.05T
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; ...
How the Company Makes Money
TOKYO GAS primarily makes money by selling energy and related services across several main streams. (1) City gas sales: The core revenue driver is selling city gas to households, businesses, and industrial users. Earnings depend on customer volume...
TOKYO GAS Co Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
66
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.70T | 2.83T | 2.64T | 2.66T | 3.29T | 2.15T |
| Gross Profit | 447.14B | 507.26B | 380.49B | 445.67B | 656.25B | 366.77B |
| EBITDA | 441.61B | 464.16B | 401.32B | 431.03B | 631.45B | 329.08B |
| Net Income | 153.98B | 226.86B | 74.19B | 165.48B | 280.92B | 95.70B |
Balance Sheet | ||||||
| Total Assets | 3.65T | 3.89T | 3.86T | 3.90T | 3.58T | 3.19T |
| Cash, Cash Equivalents and Short-Term Investments | 156.18B | 187.10B | 244.49B | 363.94B | 453.51B | 179.78B |
| Total Debt | 1.24T | 1.21T | 1.34T | 1.44T | 1.26T | 1.22T |
| Total Liabilities | 1.99T | 2.10T | 2.05T | 2.14T | 1.99T | 1.91T |
| Stockholders Equity | 1.59T | 1.72T | 1.73T | 1.69T | 1.56T | 1.25T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 290.93B | 177.20B | 135.61B | 336.38B | -21.97B |
| Operating Cash Flow | 0.00 | 451.84B | 363.12B | 316.32B | 487.03B | 145.23B |
| Investing Cash Flow | 0.00 | -206.93B | -263.53B | -362.01B | -203.52B | -224.66B |
| Financing Cash Flow | 0.00 | -296.34B | -255.98B | -58.34B | -22.40B | 90.49B |
TOKYO GAS Co Technical Analysis
Neutral
6238.00
Price Trends
7439.54
Negative
6874.33
Positive
6081.97
Positive
Market Momentum
-109.38
Positive
39.37
Neutral
13.14
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9531, the sentiment is Neutral. The current price of 6238 is below the 20-day moving average (MA) of 7294.94, below the 50-day MA of 7439.54, and above the 200-day MA of 6081.97, indicating a neutral trend. The MACD of -109.38 indicates Positive momentum. The RSI at 39.37 is Neutral, neither overbought nor oversold. The STOCH value of 13.14 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9531.
TOKYO GAS Co Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥102.41B | 27.62 | 7.99% | 3.89% | -0.51% | 14.01% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | ¥304.97B | 11.01 | 20.44% | 3.28% | 4.21% | 30.94% | |
63 Neutral | ¥2.21T | 10.29 | 11.05% | 1.53% | 7.51% | 232.54% | |
63 Neutral | ¥2.26T | 11.58 | 10.44% | 1.98% | 1.99% | 95.71% | |
61 Neutral | ¥81.75B | 19.64 | 9.07% | 3.61% | 2.90% | 13.95% | |
59 Neutral | ¥451.24B | 15.57 | 6.03% | 1.81% | -0.75% | 33.35% |
* Utilities Sector Average
JP:9531
TOKYO GAS Co
6,614.00
1,940.36
41.52%
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TOKYO GAS Co Corporate Events
Tokyo Gas Profit Triples and Dividend Rises Despite Lower Earnings Outlook
Apr 28, 2026
Tokyo Gas reported consolidated net sales of ¥2.83 trillion for the year ended March 31, 2026, up 7.5% year on year, with operating profit surging 48.5% to ¥197.7 billion and profit attributable to owners of the parent jumping 205.8% to ...
Tokyo Gas Hikes Year-End Dividend, Lifting Full-Year Payout to 110 Yen
Apr 28, 2026
Tokyo Gas has announced that its Board of Directors approved an increase in the year-end dividend for the fiscal year ended March 31, 2026, raising the payout to 60 yen per share from a prior projection of 50 yen. This brings the total annual divi...
Tokyo Gas Launches ¥50 Billion Share Buyback to Strengthen Shareholder Returns
Apr 28, 2026
Tokyo Gas has approved a new share repurchase program, authorizing the acquisition of up to 12 million common shares, or about 3.6% of shares outstanding, for a maximum total of ¥50 billion. The buyback will run from May 7 to September 30, 20...
Tokyo Gas to Retire 9.7% of Outstanding Shares in Capital Adjustment
Mar 25, 2026
Tokyo Gas Co., Ltd. has resolved to retire 36,131,600 shares of its common stock, equivalent to 9.7% of its issued shares prior to the move, following a decision by its Board of Directors on March 25, 2026. The retirement, scheduled for April 24, ...
Tokyo Gas Completes ¥80 Billion Share Buyback Tranche
Mar 9, 2026
Tokyo Gas has completed a tranche of its share buyback program, acquiring 678,700 common shares on the Tokyo Stock Exchange between March 1 and March 6, 2026, for a total of about ¥5.22 billion. With this latest purchase, the company has reac...
Tokyo Gas Nears Upper Limit of ¥80 Billion Share Buyback Program
Mar 3, 2026
Tokyo Gas has continued to execute its share buyback program, repurchasing 2,637,800 common shares for about ¥19.8 billion on the Tokyo Stock Exchange between February 1 and February 28, 2026. The buyback, conducted under board approval based...
Tokyo Gas Overhauls Board and Executive Lineup in Planned 2026 Leadership Refresh
Feb 19, 2026
Tokyo Gas Co., Ltd. announced a slate of leadership changes, including the planned appointment of Takashi Uchida as director and chairperson of the board, alongside a lineup of internal and outside directors to be formalized after the June 2026 or...
Tokyo Gas Reports Ongoing Progress in Large-Scale Share Buyback Program
Feb 3, 2026
Tokyo Gas has reported progress on its ongoing share buyback program, acquiring 3,212,800 shares of its common stock for a total of approximately ¥20.9 billion via market purchases on the Tokyo Stock Exchange between January 1 and January 31,...
Tokyo Gas Profit Quadruples as Earnings Outlook and Dividend Payouts Are Raised
Jan 30, 2026
Tokyo Gas reported strong consolidated results for the nine months ended 31 December 2025, with net sales up 10.6% year on year to ¥2.04 trillion and operating profit surging 87.5% to ¥138.3 billion. Ordinary profit more than doubled and...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.