Tokyo Gas reports 439% profit surge, launches employee share plan

Tokyo Gas reported first-quarter net sales rose 10.3% to 647.3bn yen, driven by higher gas and electricity sales. Operating profit surged 141.4% to 62.5bn yen.

Profit attributable to owners jumped 438.7% to 101.7bn yen, boosted by extraordinary gains. The company announced a restricted stock incentive plan, disposing of 30,090 treasury shares at 4,880 yen each to its employee shareholding association.

Tokyo Gas forecasts full-year net sales of 2.75 trillion yen and profit of 183bn yen.