TOKYO, Apr 28 (Pulse News Wire) – Tokyo GAS CO.,LTD. (9531.T) reported higher revenue but lower profits for the fiscal year ended March 31, 2026.
Revenue increased by 4.0%, reaching ¥2.07 trillion, while operating profit decreased by 5.9% to ¥197.7 billion compared to the previous fiscal year. Net profit attributable to parent shareholders fell by 39.6% to ¥229.6 billion. For the upcoming fiscal year ending March 31, 2027, the company expects a slight decline in urban gas sales due to reduced household demand and industrial consumption.
However, electricity sales are forecast to rise by 1.5%. Despite anticipated increases in raw material costs, Tokyo Gas projects revenue growth driven by price adjustments for natural gas supplies. The company plans to hold its annual general meeting on June 26, 2026, and distribute dividends beginning June 8, 2026.
The dividend payout ratio is expected to increase to 16.8% for the fiscal year ending March 31, 2026, up from 14.1% in the prior year.
🟡 Confidence: Standard AI-translated content.