TOHO GAS Co ( (THOGF) ) has released its Q3 earnings. Here is a breakdown of the information TOHO GAS Co presented to its investors.
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Toho Gas Co., Ltd. is a prominent player in the energy sector, primarily engaged in the production, supply, and sale of gas in Japan, with its shares listed on the Tokyo and Nagoya Stock Exchanges.
In its latest earnings report for the third quarter ending December 31, 2024, Toho Gas Co. has shown a modest increase in net sales, despite experiencing declines in key profitability metrics like operating income and net income attributable to owners of the parent.
The company reported a 2.5% increase in net sales amounting to ¥460,602 million. However, operating income dropped significantly by 23.3% to ¥21,806 million, and ordinary income decreased by 16.6% to ¥27,703 million. Net income attributable to owners declined by 13.5% to ¥22,043 million. The comprehensive income took a notable hit, dropping by 60.8% compared to the same period last year. Additionally, the equity ratio slightly decreased to 60% from the previous fiscal year’s 62.2%.
Toho Gas Co. has maintained its dividend forecast, aiming for a total of ¥80 per share for the fiscal year ending March 2025. The company has also revised its previously announced forecasts, reflecting adjustments in its strategic direction and market conditions.
Looking ahead, Toho Gas Co. remains focused on navigating the challenges within the energy market while aiming to stabilize its financial performance. The management has expressed a cautious outlook, emphasizing the importance of strategic measures to enhance operational efficiency and shareholder value.
