Tokyo Gas revises upwards full-year profit forecast by 36.6%
Tokyo Gas (TSE: 9531) announced today a substantial upward revision to its consolidated earnings forecast for the fiscal year ending March 31, 2026. The company projects a 36.6% increase in profit attributable to owners of the parent, raising it from JPY134,000 million to JPY183,000 million. This revision stems primarily from the planned liquidation of Tokyo Gas Australia Pty Ltd, a wholly-owned subsidiary. The liquidation will result in a one-time gain from the reversal of the foreign currency translation adjustment account, estimated at JPY68,000 million. While revenue and operating income forecasts remain unchanged at JPY2,574,000 million and JPY159,000 million respectively, this extraordinary income significantly boosts the overall profit outlook for the fiscal year. Basic earnings per share are now projected to be JPY522.09, a considerable jump from the previous estimate of JPY384.49.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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