1. Japan Stocks

  2. •

    Utilities

  3. •

    Regulated Gas
Toho Gas Co., Ltd.

Toho Gas Co., Ltd.

THOGF
Toho Gas Co., Ltd.US flagOther OTC
6.44
USD
- -
- -
2.34BMarket Cap
Toho Gas Co., Ltd.
THOGF
(Other OTC)

Recent

price

6.44

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
987.84
1,103.46
1,187.2
1,284.5
1,331.86
1,107.54
906.69
1,007.05
1,084.28
1,146.58
1,029.29
1,222.17
1,679.3
1,505.21
1,622.24
1,734.07
797.93
Revenue per Share
32.77
19.6
19.53
25.76
43.68
99.26
41.22
42.32
34.84
38.4
20.34
36.66
80.2
64.93
62.95
83.76
6.5
Basic EPS, GAAP
121.95
73.58
92.22
86.65
142.86
265.24
86.54
133.96
76.68
161.44
152.45
84.04
134.17
112.66
205.49
174.74
- -
Free Cash Flow per Basic Share
10
10.02
11.26
11.25
11.26
12.54
12.53
12.53
13.75
13.76
13.75
13.78
15
14.99
20.43
21.66
- -
Dividend per Share
446.47
454.85
463.71
477.76
507.99
590.37
617.06
641.5
662.43
682.67
691.1
714.94
781.29
831.04
838.59
882.67
871.89
Book Value per Share
495.98
508.21
532.81
553.14
634.75
645.93
701.31
756.18
754.02
736.5
830.4
881.94
926.52
1,051.46
1,067.71
1,224.84
1,048.05
Tangible Book Value per Share
442
437
437
436
436
433
431
426
425
424
422
422
420
421
404
375
416
Basic Weighted Avg Shares
436,825
482,360
518,305
560,462
580,984
479,870
390,433
428,868
461,199
485,623
434,776
515,313
706,073
632,985
656,010
651,085
332,079
Sales/Revenue/Turnover
5.47
3.63
2.44
2.81
4.95
12.65
5.94
5.59
3.87
4.4
3.11
3.47
6.2
5.31
4.71
4.88
1.44
Operating Margin (%)
40,573
40,272
36,901
35,780
33,950
32,987
35,482
35,973
36,075
37,557
37,463
36,510
36,268
38,467
37,955
38,371
- -
Depreciation Expense
14,491
8,570
8,526
11,241
19,053
43,008
17,749
18,022
14,820
16,266
8,592
15,459
33,721
27,304
25,454
31,449
2,707
Net Income, GAAP
37.74
52.83
34.68
34.08
35.45
29.65
27.52
29.59
29.64
30.47
35.55
27.52
28.86
32
32.38
27.34
54.31
Effective Tax Rate (%)
3.32
1.78
1.64
2.01
3.28
8.96
4.55
4.2
3.21
3.35
1.98
3
4.78
4.31
3.88
4.83
0.82
Profit Margin (%)
-8,734
12,614
5,985
19,561
49,299
25,924
25,181
6,105
26,359
34,760
65,379
43,634
56,930
87,521
67,433
70,759
79,510
Working Capital
117,600
128,871
118,349
117,233
119,669
92,386
105,240
79,942
93,440
106,541
119,108
98,716
115,462
127,783
131,222
151,640
129,018
LT Debt
221,501
224,363
236,468
245,888
282,825
285,184
306,799
326,279
327,338
322,767
359,491
382,750
402,501
456,851
448,393
477,518
451,358
Total Equity
4.09
2.24
2.17
2.68
4.53
10.32
4.09
4.02
2.91
3.35
1.87
2.65
6.07
4.06
3.54
3.75
0.37
Return on Invested Capital (%)
4.78
2.83
2.82
3.58
5.73
12.45
5.05
5.06
4.07
4.23
2.22
3.9
8.1
6.02
5.5
6.76
0.6
Return on Capital (%)
7.47
4.33
4.25
5.47
8.86
18.02
6.81
6.69
5.34
5.7
2.96
5.21
10.71
8.05
7.39
9.38
0.76
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
2,088
- -
2,513
LT Borrowings
127,783
- -
129,018
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
421
- -
406
Market Capitalization
398,001
418,723
373,883

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
180,565
- -
178,866
Cash, Cash Equivalents & STI
29,774
- -
35,160
Accounts Receivable, Net
84,409
- -
68,527
Inventories
30,609
- -
38,445
Total Current Liabilities
93,044
- -
99,356
Payables & Accruals
- -
- -
- -
ST Debt
2,088
- -
2,513
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.4%
5.96%
6.5%
Free Cash Flow
9.91%
10.51%
-21.05%
Net Income, GAAP
8.34%
39.16%
23.55%
Sales/Revenue/Turnover
4.17%
9.62%
-0.75%
Total Cash Common Dividend
- -
- -
-1.55%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
155,275
145,631
148,678
183,401
632,985
2025
- -
- -
- -
- -
656,010
2026
- -
- -
- -
- -
651,085

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
44.23
- -
- -
- -
64.93
2025
- -
- -
- -
- -
62.95
2026
- -
- -
- -
- -
83.76

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
14.99
2025
- -
- -
- -
- -
20.43
2026
- -
- -
- -
- -
21.66
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Business
Toho Gas Co., Ltd. (Tokyo: 9533; OTC: THOGF) engages primarily in the city gas business in Japan. The company produces, supplies, and sells city gas to residential, commercial, and industrial customers; manufactures and distributes liquefied petroleum gas (LPG); and provides gas appliances, equipment, and related installation services. It also offers electricity retail services, water and sewage services, and comprehensive energy solutions including heat supply and cogeneration systems; operates gas stations for automotive fuels; and develops new energy sources such as hydrogen and biogas through research and pilot projects. Toho Gas serves markets across central Japan, with a focus on the Chubu region including Aichi, Gifu, and Mie prefectures, and maintains subsidiaries for overseas operations in North America and Asia. Founded in 1936 and headquartered in Nagoya, Japan, the company operates as part of the broader Japanese utility sector without a listed parent company. In recent developments, Toho Gas formed a strategic partnership with Toyota Motor Corporation in 2024 to advance hydrogen society initiatives, including joint development of hydrogen supply chains and fueling stations; completed the acquisition of a stake in U.S.-based Clean Hydrogen Works in early 2025 to expand green hydrogen production capabilities; and launched a new biogas plant in Aichi Prefecture in late 2024 as part of its carbon neutrality goals by 2050.

Company News

APIChatGPT

  • defenseworld.net

    Toho Gas Co., Ltd. (OTCMKTS:THOGF) Sees Significant Growth in Short Interest