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TOKYO GAS, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 3%, Dividend Revised Upward by 20 Yen

Wed Oct 29, 2025 1:30 pm JST Earnings

9531 TOKYO GAS CO.,LTD. 【J-GAAP】

Earnings Report

TOKYO GAS CO.,LTD. <9531> [TSE Prime] announced its financial results in the afternoon session on October 29th (13:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 3.2 times that of the same period last year, reaching 86.2 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 2.7%, from the previous forecast of 147 billion yen to 151 billion yen (compared to 113 billion yen in the previous period), increasing the growth rate from 29.4% to 32.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 24.9% from the same period last year to 64.7 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 80 yen to 100 yen (compared to 80 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 18 times that of the same period last year, reaching 29.0 billion yen. The operating profit margin improved from 2.1% in the same period last year to 4.7%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 1,272,731 129,740 147,645 103,983 245.8 66.3 Oct 26, 2023 J-GAAP
Apr - Sep, 2024 1,221,631 39,405 27,309 16,034 40.8 24.0 Oct 30, 2024 J-GAAP
Apr - Sep, 2025 1,347,520 95,294 86,203 129,680 366.2 57.1 Oct 29, 2025 J-GAAP
YoY +10.3% +141.8% +215.7% +708.8% +797.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 40 Apr 28, 2025 J-GAAP
Apr - Sep, 2025 Results 1,347,520 95,294 86,203 129,680 366.2 50 Oct 29, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 2,754,000 159,000 147,000 183,000 533.6 80 Jun 6, 2025 J-GAAP
Mar, 2026 New 2,839,000 166,000 151,000 194,000 565.7 100 Oct 29, 2025 J-GAAP
Revision Rate +3.1% +4.4% +2.7% +6.0% +6.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 1,415,178 93,685 86,290 58,160 150.7 45 Apr 28, 2025 J-GAAP
Oct - Mar, 2025 Guidance 1,491,480 70,706 64,797 64,320 187.6 50 Oct 29, 2025 J-GAAP
YoY +5.4% -24.5% -24.9% +10.6% +24.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 2,662,420 217,143 222,766 165,481 401.1 70 Apr 25, 2024 J-GAAP
Mar, 2025 2,636,809 133,090 113,599 74,194 192.2 80 Apr 28, 2025 J-GAAP
Mar, 2026 Guidance 2,839,000 166,000 151,000 194,000 565.7 100 Oct 29, 2025 J-GAAP
YoY +7.7% +24.7% +32.9% +161.5% +194.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 634,802 13,506 1,605 -2,849 -7.3 2.1 Oct 30, 2024 J-GAAP
Oct - Dec, 2024 622,090 33,549 41,208 20,557 52.7 5.4 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 793,088 60,136 45,082 37,603 97.4 7.6 Apr 28, 2025 J-GAAP
Apr - Jun, 2025 647,341 62,523 57,137 101,727 282.4 9.7 Jul 30, 2025 J-GAAP
Jul - Sep, 2025 700,179 32,771 29,066 27,953 78.9 4.7 Oct 29, 2025 J-GAAP
YoY +10.3% +142.6% +1,711.0% － －

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