Toho Gas reports strong Q2, upgrades full-year forecast on higher profits

Toho Gas reported a significant increase in its second-quarter consolidated results for the fiscal year ending March 2026. Sales revenue rose by 4.7% to JPY 307,161m compared to the previous interim period. Operating profit increased by 24.7% to JPY 23,817m, while ordinary profit climbed 17.1% to JPY 26,734m. Net profit attributable to owners of the parent company also saw a substantial increase of 12.5% to JPY 20,236m. The company attributed the higher profits to an expanded profit margin resulting from the raw material cost adjustment system.

Based on these strong interim results and updated forecasts for gas and electricity sales volumes, Toho Gas has revised its full-year consolidated earnings projections upward. The company now anticipates full-year sales revenue of JPY 630,000m, operating profit of JPY 27,000m, and ordinary profit of JPY 33,000m. Net profit attributable to owners of the parent company is projected to reach JPY 27,000m, reflecting a 6.1% increase from the previous forecast.

The company also noted a 2.5% increase in total customer accounts at the end of the interim period, reaching 3,106 thousand. Additionally, Toho Gas acquired 3,544,800 shares of its common stock for JPY 14,999m during the period from April 1, 2025, to September 22, 2025, completing its share repurchase program.