Tokyo Gas increases dividend, announces share buyback program

Tokyo Gas (TSE:9531) announced today a revision to its dividend forecast for the fiscal year ending March 2025, alongside a new share buyback program. The company will increase its year-end dividend by ¥10 to ¥45 per share, bringing the total annual dividend to ¥80 per share, up from the previously forecasted ¥70. This increase reflects a comprehensive review of the company's financial outlook and aligns with its policy of maintaining a stable dividend while gradually increasing payouts in line with long-term earnings growth. Tokyo Gas targets a consolidated payout ratio of approximately 40%.