Toho Gas reports 22% jump in Q1 net income

Toho Gas reported net income of 16.6bn yen for the first quarter ended June 30, up 21.6% year-on-year.

Sales rose 10.5% to 161.5bn yen, while operating profit surged 30.3% to 19.8bn yen. Ordinary profit increased 29.2% to 22bn yen.

The company's self-capitalization ratio stood at 60.6% as total assets decreased to 739.9bn yen from 758.8bn yen at the previous fiscal year-end.