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Tokyo Gas Co., Ltd. logo

Tokyo Gas Co., Ltd.

9531.T

JPXUtilitiesRegulated Gas

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Latest quote

¥6,110

+¥20.00 · +0.33%

Aug 24, 3:30 PM JST

9531.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Tokyo Gas Co.,Ltd. engages in the production, supply, and sale of city gas and LNG in Japan. It operates through Energy Solutions, Network, Overseas, and Urban development segments. The company is involved in the production, supply, and sale of electricity; provision of engineering solutions and energy services, as well as transmission service of city gas; and trading activities. It also provides offshore resource development and investment; and energy supply. In addition, the company engages in the real estate development; and leasing and management of land and buildings. The company was formerly known as Tokyo Gas Company and changed its name to Tokyo Gas Co.,Ltd. in July 1893. The company was incorporated in 1885 and is headquartered in Tokyo, Japan.

Industry
Regulated Gas
Sector
Utilities
Headquarters
JP
CEO
Shinichi Sasayama
Listed since
May 15, 1949
Employees
16,001

Market position

Day range

Current ¥6,110

52-week range

Current ¥6,110

Open
¥6,090
Previous close
¥6,090
Volume
756.4K
0.62× average
Average volume
1.22M
Average daily volume
Market cap
2.02T JPY
Beta
-0.15
Market reference 1
50-day average
¥6,108.92
+0.02% above average
200-day average
¥6,583.36
-7.19% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.59T JPY
P/E (TTM)
12.84×
P/B (TTM)
1.17×
P/S (TTM)
0.71×
EV / EBITDA
6.21×
Earnings yield
8.83%
Free cash flow yield
11.32%
Dividend yield
1.80%

Profitability & efficiency

Gross margin
17.58%
Operating margin
6.66%
Net margin
5.62%
Return on equity
13.21%
Return on assets
5.83%
Return on invested capital
4.71%

Financial health

Debt / equity
0.72×
Current ratio
1.47×
Altman Z-score
2.09
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends22%15%8%1%Gross margin, FY2022: 17.02%Gross margin, FY2023: 19.95%Gross margin, FY2024: 16.74%Gross margin, FY2025: 14.43%Gross margin, FY2026: 17.89%Operating margin, FY2022: 5.92%Operating margin, FY2023: 12.81%Operating margin, FY2024: 8.16%Operating margin, FY2025: 5.05%Operating margin, FY2026: 6.83%Net margin, FY2022: 4.44%Net margin, FY2023: 8.54%Net margin, FY2024: 6.22%Net margin, FY2025: 2.81%Net margin, FY2026: 8.00%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 17.02%. Gross margin FY2023 19.95%. Gross margin FY2024 16.74%. Gross margin FY2025 14.43%. Gross margin FY2026 17.89%. Operating margin FY2022 5.92%. Operating margin FY2023 12.81%. Operating margin FY2024 8.16%. Operating margin FY2025 5.05%. Operating margin FY2026 6.83%. Net margin FY2022 4.44%. Net margin FY2023 8.54%. Net margin FY2024 6.22%. Net margin FY2025 2.81%. Net margin FY2026 8.00%.

Income trends

Revenue

2.83T JPY+7.51%

Operating income

193.6B JPY+45.46%

Net income

226.86B JPY+205.77%
Income trends across reported periods3.61T JPY2.33T JPY1.04T JPY−247.35B JPYRevenue, FY2022: 2.15T JPYRevenue, FY2023: 3.29T JPYRevenue, FY2024: 2.66T JPYRevenue, FY2025: 2.64T JPYRevenue, FY2026: 2.83T JPYOperating income, FY2022: 127.53B JPYOperating income, FY2023: 421.48B JPYOperating income, FY2024: 217.14B JPYOperating income, FY2025: 133.09B JPYOperating income, FY2026: 193.6B JPYNet income, FY2022: 95.7B JPYNet income, FY2023: 280.92B JPYNet income, FY2024: 165.48B JPYNet income, FY2025: 74.19B JPYNet income, FY2026: 226.86B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 2.15T JPY. Revenue FY2023 3.29T JPY. Revenue FY2024 2.66T JPY. Revenue FY2025 2.64T JPY. Revenue FY2026 2.83T JPY. Operating income FY2022 127.53B JPY. Operating income FY2023 421.48B JPY. Operating income FY2024 217.14B JPY. Operating income FY2025 133.09B JPY. Operating income FY2026 193.6B JPY. Net income FY2022 95.7B JPY. Net income FY2023 280.92B JPY. Net income FY2024 165.48B JPY. Net income FY2025 74.19B JPY. Net income FY2026 226.86B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue2.83T JPY2.64T JPY2.66T JPY3.29T JPY2.15T JPY
Cost of goods sold2.33T JPY2.26T JPY2.22T JPY2.63T JPY1.79T JPY
Gross profit507.26B JPY380.49B JPY445.67B JPY656.25B JPY366.77B JPY
Research and development—7.21B JPY8.43B JPY7.36B JPY7.31B JPY
Selling, general, and administrative313.66B JPY240.19B JPY220.1B JPY227.41B JPY231.94B JPY
Operating expenses313.66B JPY247.4B JPY228.52B JPY234.77B JPY239.24B JPY
Interest income5.41B JPY7.74B JPY8.23B JPY2.46B JPY1.03B JPY
Interest expense18.9B JPY31.21B JPY19.01B JPY15.14B JPY14.47B JPY
Depreciation and amortization270.56B JPY268.23B JPY213.89B JPY209.97B JPY201.56B JPY
Operating income193.6B JPY133.09B JPY217.14B JPY421.48B JPY127.53B JPY
Net income226.86B JPY74.19B JPY165.48B JPY280.92B JPY95.7B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
+62.63%
11 comparable reports
Latest EPS result
107.15
Estimate 75.85 · Beat by 41.27%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates309.78216.69123.630.51Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 31, 2025: actual 49.34, estimate 39.6, surprise +24.60%, Beat. Q2 2025, reported Apr 28, 2025: actual 94.64, estimate 98.8, surprise -4.21%, Miss. Q3 2025, reported Jul 29, 2025: actual 289.49, estimate 100.3, surprise +188.62%, Beat. Q4 2025, reported Oct 28, 2025: actual 87.35, estimate 40.2, surprise +117.29%, Beat. Q1 2026, reported Jan 30, 2026: actual 108.39, estimate 77, surprise +40.77%, Beat. Q2 2026, reported Apr 28, 2026: actual 178.31, estimate 105.31, surprise +69.32%, Beat. Q3 2026, reported Jul 30, 2026: actual 107.15, estimate 75.85, surprise +41.27%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 35.9, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates874.22B770.25B666.27B562.29BQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 31, 2025: actual 622.1B JPY, estimate 660.34B JPY, surprise -5.79%, Miss. Q2 2025, reported Apr 28, 2025: actual 793.09B JPY, estimate 838.18B JPY, surprise -5.38%, Miss. Q3 2025, reported Jul 29, 2025: actual 647.34B JPY, estimate 595.92B JPY, surprise +8.63%, Beat. Q4 2025, reported Oct 28, 2025: actual 700.18B JPY, estimate 652.15B JPY, surprise +7.36%, Beat. Q1 2026, reported Jan 30, 2026: actual 692.12B JPY, estimate 620.95B JPY, surprise +11.46%, Beat. Q2 2026, reported Apr 28, 2026: actual 783.27B JPY, estimate 840.6B JPY, surprise -6.82%, Miss. Q3 2026, reported Jul 30, 2026: actual 673.44B JPY, estimate 706.74B JPY, surprise -4.71%, Miss. Q4 2026, reported Oct 22, 2026: actual —, estimate 697.65B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥95.00

2025 complete year+58.3% since 2021

2026 partial: ¥60.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥60.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥60.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥60.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 8, 2026

Dividend

Ex-dividend Sep 29, 2025

¥50.00

Semi-Annual

Record Sep 30, 2025 · Payment Nov 28, 2025

Dividend

Ex-dividend Mar 28, 2025

¥45.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 6, 2025

Dividend

Ex-dividend Sep 27, 2024

¥35.00

Semi-Annual

Record Sep 30, 2024 · Payment Nov 29, 2024

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ETFs holding 9531.T

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core TOPIX ETF logoiShares Core TOPIX ETF1475.T
Market value
5.05B
Weight
0.17%
AUM
2.89T JPY
Expense ratio
0.05%
Price / 1D
¥417.7-0.07%
iShares JPX-Nikkei 400 ETF logoiShares JPX-Nikkei 400 ETF1364.T
Market value
1.48B
Weight
0.25%
AUM
592.34B JPY
Expense ratio
0.05%
Price / 1D
¥3,7610.00%
iShares Core Nikkei 225 ETF logoiShares Core Nikkei 225 ETF1329.T
Market value
1.31B
Weight
0.06%
AUM
2.12T JPY
Expense ratio
0.05%
Price / 1D
¥6,789-0.77%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
183.24M
Weight
0.03%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.185-0.60%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
121.21M
Weight
0.04%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.075-0.47%
iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
85.47M
Weight
0.04%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.65-0.20%
iShares MSCI Japan ETF logoiShares MSCI Japan ETFEWJ
Market value
48.7M
Weight
0.22%
AUM
22.49B USD
Expense ratio
0.49%
Price / 1D
$94.605-0.60%
JPMorgan BetaBuilders Japan ETF logoJPMorgan BetaBuilders Japan ETFBBJP
Market value
43.07M
Weight
0.23%
AUM
18.96B USD
Expense ratio
0.19%
Price / 1D
$76.415-0.59%

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