1. Japan Stocks

  2. •

    Utilities

  3. •

    Regulated Gas
Tokyo Gas Co.,Ltd.

Tokyo Gas Co.,Ltd.

9531.T
Tokyo Gas Co.,Ltd.JP flagTokyo Stock Exchange
6,252.00
JPY
-40.00
- -
2.08TMarket Cap
Tokyo Gas Co.,Ltd.
9531.T
(Tokyo Stock Exchange)

Recent

price

6,252.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
2,865.01
3,369.66
3,722.69
4,196.79
4,682.55
3,929.64
3,437.67
3,890
4,353.73
4,351.99
4,002.54
4,901.05
7,576.52
6,453
6,831.38
- -
3,508.84
Revenue per Share
178.16
88.47
197.59
215.49
195.73
233.39
115.09
164.12
187.6
97.86
112.25
217.67
646.99
401.08
192.22
- -
166.27
Basic EPS, GAAP
21.52
18.12
79.43
-7.19
36.39
278.29
93.73
119.13
-147.16
195.96
107.02
-117.69
695.76
247.65
147.81
- -
- -
Free Cash Flow per Basic Share
47.63
45.47
45.09
53.05
50.6
50.4
58.42
55.13
55.32
62.93
59.97
60.1
67.88
66.69
73.92
- -
- -
Dividend per Share
1,605.43
1,629.77
1,791.81
1,925.35
2,037.65
2,193.9
2,242.44
2,360.42
2,481.36
2,508.16
2,568.23
2,770.3
3,345.9
3,586.01
3,847.38
- -
3,742.31
Book Value per Share
1,554.42
1,548.92
1,713.28
1,782.67
1,944.1
2,039.16
2,238.79
2,309.05
2,331.79
2,267.31
2,001.41
2,230.82
2,935.98
2,611.95
2,700.84
- -
2,565.16
Tangible Book Value per Share
536
521
515
503
490
480
462
457
451
442
441
440
434
413
386
346
397
Basic Weighted Avg Shares
1,535,242
1,754,257
1,915,639
2,112,117
2,292,548
1,884,656
1,587,085
1,777,344
1,962,308
1,925,235
1,765,146
2,154,860
3,289,634
2,662,420
2,636,809
- -
1,391,787
Sales/Revenue/Turnover
7.98
4.39
7.6
7.86
7.49
10.19
3.68
6.54
4.78
5.27
4.4
5.92
12.81
8.16
5.05
- -
6.51
Operating Margin (%)
145,389
144,438
135,015
136,950
138,635
142,274
160,871
161,093
157,574
165,615
176,087
196,810
205,076
209,764
263,842
- -
- -
Depreciation Expense
95,467
46,060
101,678
108,451
95,828
111,936
53,134
74,987
84,555
43,293
49,505
95,702
280,916
165,481
74,194
- -
65,953
Net Income, GAAP
38.22
36.6
30.92
30.65
34.37
27.47
21.69
34.4
28.09
35.57
23.74
28.83
30.91
33.22
31.58
- -
34.01
Effective Tax Rate (%)
6.22
2.63
5.31
5.13
4.18
5.94
3.35
4.22
4.31
2.25
2.8
4.44
8.54
6.22
2.81
- -
4.74
Profit Margin (%)
130,521
177,997
207,019
211,337
195,555
186,909
140,460
126,822
189,119
192,327
135,715
347,880
611,756
639,409
436,916
- -
529,701
Working Capital
499,731
563,013
578,393
646,039
651,911
648,390
641,749
653,678
729,540
834,539
933,879
1,117,344
1,156,238
1,269,631
1,229,193
- -
1,300,895
LT Debt
874,094
855,100
946,511
1,029,491
1,087,260
1,115,170
1,112,807
1,148,431
1,171,343
1,159,137
1,178,269
1,281,148
1,589,299
1,758,821
1,801,468
- -
1,786,397
Total Equity
5.43
3.38
6.6
6.94
6.37
7.71
2.54
4.21
3.57
3.29
2.78
3.84
10.71
4.76
2.9
- -
1.94
Return on Invested Capital (%)
7.46
3.61
7.2
7.26
6.19
7.01
3.57
4.77
5.13
2.64
2.79
4.52
11.3
6.35
3.37
- -
2.56
Return on Capital (%)
11.51
5.39
11.49
11.47
9.75
10.92
5.09
7.1
7.7
3.89
4.42
8.14
21.04
11.29
5.01
- -
4.36
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
73,492
- -
56,945
LT Borrowings
1,269,631
- -
1,300,895
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
399
- -
387
Market Capitalization
1,492,152
1,356,568
1,323,626

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
1,308,913
- -
1,101,486
Cash, Cash Equivalents & STI
363,938
- -
212,967
Accounts Receivable, Net
459,297
- -
412,456
Inventories
137,535
- -
164,191
Total Current Liabilities
669,504
- -
571,785
Payables & Accruals
- -
- -
- -
ST Debt
73,492
- -
56,945
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
649,696
623,035
629,890
761,897
2,662,420
2025
- -
- -
- -
- -
2,636,809
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
180.9
- -
- -
- -
401.08
2025
- -
- -
- -
- -
192.22
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
66.69
2025
- -
- -
- -
- -
73.92
2026
- -
- -
- -
- -
- -
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Business
Tokyo Gas Co., Ltd. engages primarily in the production, supply, and sale of city gas and liquefied natural gas (LNG) within the Tokyo metropolitan and surrounding areas in Japan. Its core business segments include Energy Solutions, which encompasses city gas manufacture and sale, LNG trading, electricity sales, engineering and energy services; the Network segment responsible for gas transportation and supply infrastructure; the Overseas segment focused on international resource development, energy supply, and investment; and the Urban Business segment engaging in real estate development and rental services. The company also operates power generation facilities and provides gas appliance sales and maintenance services. Tokyo Gas has been expanding its energy portfolio into renewable sources such as solar and biomass, and it has strategic investments overseas, including in the United States. The company is advancing initiatives under its "Compass 2030" vision to lead future energy systems with a focus on decarbonization, digital transformation, and customer-centric solutions. A significant recent development includes a new 20-year LNG supply agreement with Venture Global to procure 1 million tonnes per annum starting in 2030. Additionally, Tokyo Gas is strengthening its presence in the US energy market through acquisitions and investments, while enhancing its customer engagement through increased digital initiatives and new service offerings in the Kanto region, aiming for nationwide expansion via partnerships. Founded in 1885 and headquartered in Tokyo, the company also operates subsidiaries such as Tokyo Gas Chemicals Co., Ltd., which manufactures industrial gases leveraging LNG cold energy for environmental efficiency. Tokyo Gas balances a broad service portfolio spanning gas, electricity, engineering solutions, urban real estate, and overseas energy ventures, positioning itself as a comprehensive energy solutions provider in Japan and beyond with a strong focus on sustainable growth and innovation.