TOHO GAS Co (9533) AI Stock Analysis

• Market Cap: ¥417.81B
• Dividend Yield: 1.88%
• Average Volume (3M): 185.86K
• Price to Earnings (P/E): 16.9
• Beta (1Y): 0.41
• Revenue Growth: 3.64%
• EPS Growth: -3.86%
• Country: JP
• Employees: 6,042
• Sector: Utilities
• Sector Strength: 75
• Industry: Regulated Gas
• EPS (TTM): 35.72
• Shares Outstanding: 98,220,085
• 10 Day Avg. Volume: 120,250
• 30 Day Avg. Volume: 185,856
• PEG Ratio: 1.98
• Price to Book (P/B): 0.89
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ¥4,445.75
• Price Target Upside: 4.83% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 67 Neutral
• Price Target: ¥4,522.00 ▲(6.63%Upside)

TOHO GAS Co's overall score is primarily driven by its stable financial performance, characterized by strong cash flow and a solid equity position. Technical analysis indicates stability with neutral momentum, while valuation metrics suggest the stock is reasonably priced. The absence of significant earnings call data or corporate events leaves the score reliant on financial and technical insights.

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 gases, including LNG, LPG, and liquefied carbon dioxide; sale of coke, tar, and crude oil products; and production and sale of chemical industrial products, such as methanol and plasticizers. In addition, the company produces and sells gas, air-conditioning, kitchen, and plumbing equipment, as well as home appliances; sells paving materials, automobiles, daily sundries, and foodstuffs; designs, administers, and constructs civil engineering, construction, wiring, piping, and machinery projects; and designs, produces, and sells equipment for the prevention of air and water pollution and treatment of waste, as well as soil reclamation projects. Further, it is involved in the buying and selling, leasing, and management of real estate; provision of data processing and services; production, lease, and sale of computer hardware and software; security business; and sale and lease of security and disaster prevention equipment. Additionally, the company engages in the management of cooking and cultural classrooms, and sport facilities; restaurant and travel agent proxy business; general leasing and financing activities; non-life insurance agency and life insurance soliciting businesses; and surveys, research, and consulting, as well as other businesses. The company was incorporated in 1922 and is headquartered in Nagoya, Japan.

How the Company Makes Money

TOHO GAS Co., Ltd. generates revenue through the sale of city gas and LPG to a diverse customer base, including households, businesses, and industries. The company earns income by charging for gas usage based on consumption, leveraging its extensive distribution network to ensure widespread service delivery. Additionally, TOHO GAS has expanded into electricity supply, further diversifying its revenue streams. The company also benefits from its involvement in the sale and installation of gas appliances, as well as construction services related to gas facilities. Strategic partnerships and investments in renewable energy projects contribute to the company's earnings, supporting its commitment to sustainability and energy efficiency.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	656.01B	632.99B	706.07B	515.31B	434.78B
Gross Profit	172.46B	171.54B	180.19B	153.70B	149.26B
EBITDA	76.67B	79.52B	85.40B	58.58B	51.92B
Net Income	25.45B	27.30B	33.72B	15.46B	8.59B
Balance Sheet
Total Assets	758.76B	734.52B	693.51B	655.59B	601.83B
Cash, Cash Equivalents and Short-Term Investments	46.75B	29.77B	34.01B	32.30B	50.73B
Total Debt	155.49B	129.87B	118.14B	101.65B	123.82B
Total Liabilities	310.37B	277.67B	291.01B	272.84B	242.34B
Stockholders Equity	448.39B	456.85B	402.50B	382.75B	359.49B
Cash Flow
Free Cash Flow	38.85B	9.84B	16.68B	-3.60B	30.09B
Operating Cash Flow	83.10B	47.38B	56.41B	35.44B	64.40B
Investing Cash Flow	-45.16B	-42.08B	-52.44B	-54.88B	-40.97B
Financing Cash Flow	-18.77B	-14.24B	-2.94B	635.00M	-6.76B

TOHO GAS Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4241.00
• 50DMA: Positive
• 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:9533, the sentiment is Positive. The current price of 4241 is above the 20-day moving average (MA) of 4146.20, above the 50-day MA of 4107.16, and above the 200-day MA of 3997.69, indicating a bullish trend. The MACD of 35.73 indicates Negative momentum. The RSI at 61.04 is Neutral, neither overbought nor oversold. The STOCH value of 79.81 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8174	78 Outperform	¥290.00B	25.41	16.52%	3.49%	2.93%	8.93%
9536	74 Outperform	¥68.61B	10.79	6.29%	3.78%	-0.74%	3.34%
9543	72 Outperform	€83.66B	9.23	7.82%	4.21%	4.77%	44.40%
9532	70 Outperform	¥1.48T	11.20	8.11%	2.54%	-0.67%	4.48%
9531	70 Outperform	$1.82T	25.58	4.25%	1.63%	-1.04%	-52.11%
9533	67 Neutral	¥417.81B	16.90	5.51%	1.88%	3.64%	-3.86%
Sector *	63 Neutral	HK$30.50B	8.75	5.37%	4.09%	-3.09%	4.51%

TOHO GAS Co Corporate Events

Toho Gas Executes Share Buy-back to Enhance Shareholder Value

Toho Gas Co., Ltd. announced the repurchase of 584,200 shares of its common stock, valued at approximately ¥2.37 billion, conducted through market purchases on the Tokyo Stock Exchange during June 2025. This buy-back is part of a broader strategy approved by the Board of Directors to repurchase up to 5 million shares, aiming to enhance shareholder value and optimize capital structure.

Toho Gas Announces Share Buy-back Strategy

Toho Gas Co., Ltd. announced the repurchase of 573,600 shares of its common stock, valued at approximately ¥2.37 billion, between May 1 and May 31, 2025, as part of a broader buy-back strategy authorized by its Board of Directors. This move is part of a larger plan to repurchase up to 5 million shares, potentially impacting the company’s market positioning and shareholder value.

Toho Gas Maintains Dividend Payout, Plans Future Increases

Toho Gas Co., Ltd. announced a resolution to allocate surplus funds as dividends, maintaining a dividend of 40 yen per share for the fiscal year ending March 2025, consistent with the previous year. The company plans to progressively increase dividends in alignment with profit growth during its new Medium-Term Management Plan from FY2025 to FY2027, signaling a stable financial outlook and commitment to shareholder returns.

Toho Gas Initiates Share Buy-back to Enhance Shareholder Value

Toho Gas Co., Ltd. has announced a share buy-back, repurchasing 617,400 shares valued at approximately ¥2.51 billion between April 1 and April 30, 2025. This move is part of a broader strategy approved by the Board of Directors to repurchase up to 5 million shares, representing 5.1% of outstanding shares, with a total value of up to ¥15 billion by September 30, 2025. The share buy-back is expected to enhance shareholder value and optimize the company’s capital structure.

Toho Gas Co. Expands Focus to Renewable Energy and Hydrogen

Toho Gas Co., Ltd. announced its intention to amend its Articles of Incorporation to include renewable energy and hydrogen businesses, aligning with its future business development goals. This strategic move indicates the company’s shift towards sustainable energy solutions, potentially enhancing its market positioning and offering new opportunities for stakeholders.

Toho Gas Reports FY2024 Financial Results with Increased Sales and Dividends

Toho Gas Co., Ltd. reported its consolidated financial results for FY2024, showing a 3.6% increase in net sales but a decline in operating and ordinary income by 8.1% and 20.6%, respectively. The company also announced an increase in annual dividends, reflecting a commitment to shareholder returns despite the challenges in profitability.