TOHO GAS Co (9533) AI Stock Analysis

• Market Cap: ¥456.80B
• Dividend Yield: 1.8%
• Average Volume (3M): 201.02K
• Price to Earnings (P/E): 16.4
• Beta (1Y): 0.32
• Revenue Growth: 7.08%
• EPS Growth: 43.50%
• Country: JP
• Employees: 6,042
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Gas
• EPS (TTM): 39.57
• Shares Outstanding: 98,220,085
• 10 Day Avg. Volume: 184,110
• 30 Day Avg. Volume: 201,023
• PEG Ratio: -5.38
• Price to Book (P/B): 0.93
• Price to Sales (P/S): 0.64
• P/FCF Ratio: 10.76
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 48,736.96
• Revenue Forecast (FY): ¥95.98T

• Rating: 73 Outperform
• Price Target: ¥5,030.00 ▲(4.73% Upside)

TOHO GAS Co's overall stock score is driven by strong technical indicators and a stable financial performance. The stock's upward momentum and robust cash flow position are significant strengths. However, the valuation is only moderate, reflecting a fair price relative to earnings and a modest dividend yield. The absence of earnings call insights and corporate events means these factors do not influence the score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term financial stability.

Cash Flow Generation

Robust cash flow growth enhances the company's ability to fund operations, invest in growth opportunities, and manage debt.

Equity Position

A strong equity base provides financial stability and flexibility, supporting long-term strategic initiatives and risk management.

Negative Factors

Net Profit Margin Pressure

Decreasing net profit margins may limit profitability and affect the company's ability to reinvest in growth and innovation.

High Debt Levels

High debt levels can strain financial resources and limit operational flexibility, posing a risk to long-term financial health.

Profitability Metrics

Moderate operational efficiency indicates room for improvement in profitability, which is crucial for sustaining competitive advantage.

TOHO GAS Co Business Overview & Revenue Model

Company Description

TOHO GAS Co., Ltd. is a leading energy company based in Japan, primarily engaged in the supply of natural gas and electricity. The company operates within the utilities sector, focusing on the production, distribution, and sale of gas, as well as offering related services such as installation and maintenance. TOHO GAS serves residential, commercial, and industrial customers, providing them with energy solutions that support their heating, cooking, and electricity needs.

How the Company Makes Money

TOHO GAS generates revenue primarily through the sale of natural gas and electricity to its customer base. The company charges consumers based on the volume of gas and electricity consumed, which constitutes its main revenue stream. Additionally, TOHO GAS earns income from service fees related to the installation and maintenance of gas appliances, as well as other energy-related services. The company may also benefit from partnerships with local governments and other businesses to expand its infrastructure and service offerings, thus enhancing its market reach and revenue potential. Regulatory frameworks and energy pricing policies in Japan significantly influence TOHO GAS's earnings, as they determine pricing structures and operational costs.

TOHO GAS Co Financial Statement Overview

Summary

TOHO GAS Co presents a stable financial position with consistent revenue growth and strong equity ratios. The company shows robust cash flow generation, which supports its operational needs and strategic investments. While profitability metrics show some pressure on net income, the overall financial health remains solid, supported by efficient cost management and a strong equity position.

Income Statement

TOHO GAS Co has demonstrated a steady revenue growth trend with a notable increase in Total Revenue from ¥632.99 billion to ¥656.01 billion, representing a growth rate of 3.64%. Gross Profit Margin is strong at 26.29%, reflecting efficient cost management. However, the Net Profit Margin decreased to 3.88%, indicating pressure on net earnings. EBIT Margin at 4.65% and EBITDA Margin at 11.69% show moderate operational efficiency, though there's room for improvement in profitability.

Balance Sheet

The company's Debt-to-Equity Ratio stands at 0.35, indicating a balanced leverage position. Return on Equity (ROE) is 5.68%, which is modest but stable. The Equity Ratio is strong at 59.10%, suggesting a solid equity base. However, the high total debt level of ¥155.49 billion presents a potential risk if not managed carefully.

Cash Flow

TOHO GAS Co exhibits a robust cash flow position with a significant increase in Free Cash Flow from ¥9.84 billion to ¥38.85 billion, translating to a remarkable growth rate of 294.96%. The Operating Cash Flow to Net Income Ratio is strong at 3.26, highlighting efficient cash conversion from operations. Free Cash Flow to Net Income Ratio is at 1.53, indicating effective use of free cash flow to support net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	671.38B	656.01B	632.99B	706.07B	515.31B	434.78B
Gross Profit	178.60B	172.46B	171.54B	180.19B	153.70B	149.26B
EBITDA	84.42B	76.67B	79.52B	85.40B	58.58B	51.92B
Net Income	28.41B	25.45B	27.30B	33.72B	15.46B	8.59B
Balance Sheet
Total Assets	739.90B	758.76B	734.52B	693.51B	655.59B	601.83B
Cash, Cash Equivalents and Short-Term Investments	31.94B	46.75B	29.77B	34.01B	32.30B	50.73B
Total Debt	154.52B	155.49B	129.87B	118.14B	101.65B	123.82B
Total Liabilities	291.18B	310.37B	277.67B	291.01B	272.84B	242.34B
Stockholders Equity	448.71B	448.39B	456.85B	402.50B	382.75B	359.49B
Cash Flow
Free Cash Flow	0.00	38.85B	9.84B	16.68B	-3.60B	30.09B
Operating Cash Flow	0.00	83.10B	47.38B	56.41B	35.44B	64.40B
Investing Cash Flow	0.00	-45.16B	-42.08B	-52.44B	-54.88B	-40.97B
Financing Cash Flow	0.00	-18.77B	-14.24B	-2.94B	635.00M	-6.76B

TOHO GAS Co Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 4803.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9533, the sentiment is Neutral. The current price of 4803 is above the 20-day moving average (MA) of 4752.50, above the 50-day MA of 4644.30, and above the 200-day MA of 4296.50, indicating a neutral trend. The MACD of 6.86 indicates Positive momentum. The RSI at 46.57 is Neutral, neither overbought nor oversold. The STOCH value of 30.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9533.

TOHO GAS Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9531	77 Outperform	$2.29T	12.06	11.05%	1.48%	5.72%	148.08%
8174	76 Outperform	¥324.04B	24.50	21.07%	3.26%	4.45%	53.88%
9533	73 Outperform	¥456.80B	16.40	6.03%	1.80%	7.08%	43.50%
9543	70 Outperform	€89.29B	9.17	8.29%	3.92%	1.08%	37.11%
9536	68 Neutral	¥71.83B	8.01	9.07%	3.61%	9.39%	77.24%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
9532	63 Neutral	¥2.14T	12.09	10.44%	1.99%	1.99%	95.71%

TOHO GAS Co Corporate Events

Toho Gas Co., Ltd. Announces Share Buy-back Program

Toho Gas Co., Ltd. announced a share buy-back program, repurchasing 440,900 shares for approximately ¥2.1 billion between November 1 and November 30, 2025. This move is part of a broader plan approved by the Board of Directors to repurchase up to 5 million shares, valued at up to ¥15 billion, by March 31, 2026, aiming to enhance shareholder value and optimize capital structure.

Toho Gas Announces Share Buyback to Enhance Shareholder Value

Toho Gas Co., Ltd. has announced the repurchase of 747,900 shares of its common stock, valued at approximately ¥3.31 billion, as part of a broader plan to buy back up to 5 million shares by March 2026. This strategic move is aimed at enhancing shareholder value and optimizing the company’s capital structure, reflecting a commitment to returning value to its investors.

Toho Gas Co. Reports Strong Financial Performance and Dividend Increase

Toho Gas Co., Ltd. reported a 4.7% increase in net sales and a 24.7% rise in operating income for the six months ended September 30, 2025, compared to the previous year. The company also announced a dividend increase, reflecting its strong financial performance and commitment to shareholder returns.

Toho Gas Announces Strategic Share Buy-Back Plan

Toho Gas Co., Ltd. has announced a share buy-back plan authorized by its Board of Directors to repurchase up to 5 million shares, equivalent to 5.3% of its outstanding shares, with a total value of up to 15 billion yen. This strategic move, set to occur between October 1, 2025, and March 31, 2026, aims to execute timely and flexible capital policy measures, potentially enhancing shareholder value and optimizing the company’s capital structure.

Toho Gas Concludes Share Buy-Back Program

Toho Gas Co., Ltd. has completed a share buy-back program, repurchasing 467,500 shares worth approximately ¥2.08 billion. This transaction marks the conclusion of a repurchase plan approved in March 2025, which aimed to buy back up to 5 million shares, enhancing shareholder value and potentially improving market perception.