TOHO GAS Co Ltd (JP:9533)
:9533
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TOHO GAS Co
(9533)
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Rating:59Neutral
Price Target:
¥1,287.00
▼(-73.20% Downside)
Action:DowngradedDate:05/02/26
The score is driven mainly by solid underlying financial stability (especially the balance sheet) but tempered by modest profitability and uneven cash-flow conversion. Near-term technical indicators are the biggest drag, with price below key moving averages and negative MACD. Valuation is broadly reasonable, though the dividend yield provides only moderate support.
Positive Factors
Solid balance sheet and moderate leverage
Moderate debt-to-equity and rising equity indicate the company is well-capitalized for a capital-intensive utility. This durability supports funding of network maintenance and regulated capex, preserves financial flexibility through rate cycles, and reduces refinancing risk over the medium term.
Negative Factors
Modest and inconsistent profitability
Low net margins limit internal capital formation and leave a smaller cushion against input-cost or regulatory shocks. The retreat from FY2023 peak margins suggests profitability is sensitive to rate, cost or volume shifts, constraining the company's ability to sustainably grow equity or fund expansions without higher leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Solid balance sheet and moderate leverage
Moderate debt-to-equity and rising equity indicate the company is well-capitalized for a capital-intensive utility. This durability supports funding of network maintenance and regulated capex, preserves financial flexibility through rate cycles, and reduces refinancing risk over the medium term.
Read all positive factors
TOHO GAS Co (9533) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥451.24B
Dividend Yield1.81%
Average Volume (3M)201.02K
Price to Earnings (P/E)15.6
Beta (1Y)0.37
Revenue Growth-0.75%
EPS Growth33.35%
CountryJP
Employees6,042
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)72.98
Shares Outstanding366,267,150
10 Day Avg. Volume184,110
30 Day Avg. Volume201,023
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)0.99
Price to Sales (P/S)0.73
P/FCF Ratio19.19
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)56.98
Revenue Forecast (FY)¥630.30B
TOHO GAS Co Business Overview & Revenue Model
Company Description
Toho Gas Co., Ltd. engages in the gas, and heat and electricity supply businesses in Japan. It is also involved in the development, purchase, and sale of natural gas and other energy resources; production, transportation, and sale of high-pressure...
How the Company Makes Money
TOHO GAS makes money primarily by selling city gas to end users and charging for energy-related services connected to that supply. Its main revenue stream is regulated/utility-like gas sales: the company procures feedstock (commonly LNG), processe...
TOHO GAS Co Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
74
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 671.38B | 651.09B | 656.01B | 632.99B | 706.07B | 515.31B |
| Gross Profit | 178.99B | 179.29B | 172.84B | 171.54B | 180.19B | 153.70B |
| EBITDA | 81.53B | 70.16B | 77.06B | 79.46B | 84.63B | 58.56B |
| Net Income | 28.41B | 31.45B | 25.45B | 27.30B | 33.72B | 15.46B |
Balance Sheet | ||||||
| Total Assets | 739.90B | 809.46B | 758.76B | 734.52B | 693.52B | 655.59B |
| Cash, Cash Equivalents and Short-Term Investments | 31.94B | 43.01B | 46.75B | 29.77B | 34.01B | 32.30B |
| Total Debt | 154.52B | 166.95B | 161.46B | 140.81B | 146.77B | 140.52B |
| Total Liabilities | 291.18B | 331.94B | 310.37B | 277.67B | 291.01B | 272.84B |
| Stockholders Equity | 448.71B | 477.52B | 448.39B | 456.85B | 402.50B | 382.75B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 24.64B | 38.85B | 9.84B | 16.68B | -3.60B |
| Operating Cash Flow | 0.00 | 65.61B | 83.10B | 47.38B | 56.41B | 35.44B |
| Investing Cash Flow | 0.00 | -41.78B | -45.16B | -42.08B | -52.44B | -54.88B |
| Financing Cash Flow | 0.00 | -26.75B | -18.77B | -14.24B | -2.94B | 635.00M |
TOHO GAS Co Technical Analysis
Positive
4803.00
Price Trends
1309.19
Negative
1259.17
Positive
1171.91
Positive
Market Momentum
10.87
Negative
52.48
Neutral
27.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9533, the sentiment is Positive. The current price of 4803 is above the 20-day moving average (MA) of 1275.96, above the 50-day MA of 1309.19, and above the 200-day MA of 1171.91, indicating a neutral trend. The MACD of 10.87 indicates Negative momentum. The RSI at 52.48 is Neutral, neither overbought nor oversold. The STOCH value of 27.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9533.
TOHO 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% | |
71 Outperform | ¥69.52B | 3.34 | ― | 2.88% | 2.48% | 10.65% | |
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% | |
59 Neutral | ¥451.24B | 15.57 | 6.03% | 1.81% | -0.75% | 33.35% |
* Utilities Sector Average
JP:9533
TOHO GAS Co
1,232.00
198.24
19.18%
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51.48%
TOHO GAS Co Corporate Events
Toho Gas Lifts FY2025 Profit and Dividend but Warns of Earnings Drop Ahead
Apr 30, 2026
Toho Gas reported FY2025 consolidated net sales of ¥651.1 billion, down 0.8% year on year, while operating income rose 2.9% to ¥31.8 billion and net income attributable to owners jumped 23.6% to ¥31.4 billion, supported by improved ...
Toho Gas Launches ¥15 Billion Share Buyback Around 4-for-1 Stock Split
Mar 31, 2026
Toho Gas Co., Ltd. has announced that its board has approved a share buy-back program aimed at enabling timely and flexible capital policy measures. The company plans to repurchase up to 4 million shares of common stock, equivalent to 4.4% of its ...
Toho Gas Group Unveils Business Plan for FY2026
Mar 31, 2026
Toho Gas Group has formulated its business plan for the fiscal year 2026, outlining the company’s strategic direction for the upcoming period. The plan is intended to guide operations and resource allocation across the group, although detail...
Toho Gas Completes ¥15 Billion Share Buy-Back Program
Mar 24, 2026
Toho Gas Co., Ltd. has completed a share buy-back program authorized under its Articles of Incorporation, repurchasing common stock on the Tokyo Stock Exchange between March 1 and March 24, 2026. The latest tranche amounted to 574,600 shares for a...
Toho Gas Advances Share Buy-Back, Repurchasing Over 2.5 Million Shares
Mar 4, 2026
Toho Gas Co., Ltd. has continued its ongoing share buy-back program, repurchasing 306,100 shares of common stock on the Tokyo Stock Exchange between February 1 and February 28, 2026, for a total consideration of ¥1,655,544,500. This latest tr...
Toho Gas to Cancel 6.8% of Shares, Adjusts Forthcoming Stock Split
Feb 26, 2026
Toho Gas will cancel 6,653,300 shares of its common stock, representing 6.77% of issued shares, following a Board resolution under the Companies Act, with the cancellation scheduled for March 31, 2026. After this move, the total number of issued s...
Toho Gas Advances Share Buyback Under Capital Return Plan
Feb 4, 2026
Toho Gas disclosed that it repurchased 515,500 shares for ¥2.62 billion via open-market purchases on the Tokyo Stock Exchange between January 1 and January 31, 2026, as part of a previously authorized buyback program targeti...
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.