Toho Gas Co (9533) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2025, increased by 4.7% year-over-year to ¥307.1 billion, with notable growth in customer accounts and electricity segment.

• Operating income rose 24.7% year-over-year to ¥23.8 billion, and net income attributable to owners grew 12.5% to ¥20.2 billion.

• Comprehensive income surged 167.9% year-over-year to ¥27.2 billion.

• Strategic focus on shifting management resources from core to strategic businesses, aiming for sustainable growth and carbon neutrality by 2050.

Financial highlights

• Gross profit increased from ¥81.6 billion to ¥89.4 billion year-over-year.

• Ordinary income rose 17.1% to ¥26.7 billion compared to the same period last year.

• Net income per share increased to ¥211.84 from ¥174.49 year-over-year.

• Equity ratio improved to 60.0% from 59.1% as of March 2025.

• Gain on sales of cross-shareholdings contributed ¥1.3 billion to extraordinary income.

Outlook and guidance

• Full-year net sales forecasted at ¥630.0 billion, a 4.0% decrease year-over-year; operating income projected at ¥27.0 billion, down 12.6%.

• Net income forecast to rise 6.1% to ¥27.0 billion; ROE projected at 6.0%.

• Dividend planned at ¥90/share for FY2025, up ¥10/share year-over-year.