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Toho Gas Co., Ltd. (9533.T)

JPY1,193.50 +7.50 (+0.63%)
JP JPX Utilities Regulated Gas
Address 19-18, Sakurada-cho 456-8511
Nagoya, JP
CEO Satoshi Yamazaki
IPO 2001-01-01
ISIN JP3600200004

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Also trades on Other OTC · THOGF (USD) Tokyo Stock Exchange · 9533.T (JPY)
Description

Toho Gas Co., Ltd., founded in 1922 and based in Nagoya, Japan, is a diverse enterprise primarily focused on the supply of gas, heat, and electricity throughout the country. Its operations span the full lifecycle of energy resources, including the development, procurement, and commercialization of natural gas and other energy sources. The company also handles the production, transport, and sale of high-pressure gases like LNG, LPG, and liquid carbon dioxide, alongside offering related products such as coke, tar, and crude oil derivatives. Additionally, it manufactures and distributes industrial chemicals, including methanol and plasticizers. Beyond its energy portfolio, Toho Gas produces and sells a broad array of equipment for gas, air conditioning, kitchens, and plumbing, in addition to general home appliances. Its commercial activities extend to retailing items like paving materials, automobiles, daily necessities, and foodstuffs. The company provides comprehensive engineering and construction services, encompassing the design, administration, and execution of civil engineering, general construction, wiring, piping, and machinery projects. It also specializes in environmental solutions, developing, manufacturing, and distributing equipment for preventing air and water pollution, managing waste, and facilitating soil reclamation. Further diversifying its business, Toho Gas is active in real estate (including buying, selling, leasing, and property management), offers IT services (data processing, and the production, leasing, and sale of computer hardware and software), and provides security solutions (both business operations and the sale/lease of security and disaster prevention equipment). Its extensive service offerings also include managing cooking and cultural classrooms, operating sports facilities, acting as a proxy for restaurant and travel agents, engaging in general leasing and financing, and performing non-life and life insurance solicitation. The company also conducts surveys, research, and consulting, among other various ventures.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY1,193.50 +7.50 (+0.63%)
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Volume Profile
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Liquidity & share structure
Average Volume
778.5K
Beta
-0.01
Float Shares
208.24M
Free Float %
57.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.24% -3.83% +3.67% -12.58% +0.90% +5.06% +21.99% +100.41% -18.00% +20.15% +222.62%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,193.50
DCF (Unlevered) 976.08 -18.2%
DCF (Levered) 3,311.71 +177.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 33% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 0 0
Hold 1 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.40
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
2 / 5
Medium
ROA Score
4 / 5
High
D/E Score
4 / 5
High
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Regulated Gas: +4.9%
    -0.8% Q1'26: -5.0% (vs Q1'25)
  • EPS growth Regulated Gas: +13.8%
    +33.1% Q1'26: +133.0% (vs Q1'25)
  • FCF margin FCF growth · Regulated Gas: +30.8%
    +2.7% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Regulated Gas: +12.9%
    +4.9% Q1'26: +3.2% (vs Q1'25)
  • ROIC Regulated Gas: +4.7%
    +3.8% Q1'26: +3.1% (vs Q1'25)
  • Share dilution Regulated Gas: 0.0%
    -7.2% Q1'26: -4.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Regulated Gas: 2.21×
    2.38× Q1'26: 2.70× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.02) × ERP
WACC = 73% × Ke + 27% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 976.08 Current price: 1,193.50
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
3 Rev. Ana.
3 EPS Ana.
Mar 2027
3 Rev. Ana.
2 EPS Ana.
Mar 2028
3 Rev. Ana.
3 EPS Ana.
Mar 2029
2 Rev. Ana.
2 EPS Ana.
Mar 2030
1 Rev. Ana.
1 EPS Ana.
Mar 2031
1 Rev. Ana.
1 EPS Ana.
Revenue
580.98B
est: 591.03B (-1.7%)
479.87B
est: 476.76B (+0.7%)
390.43B
est: 394.87B (-1.1%)
428.87B
est: 425.67B (+0.8%)
461.20B
est: 466.50B (-1.1%)
485.62B
est: 477.50B (+1.7%)
434.78B
est: 430.00B (+1.1%)
515.31B
est: 497.50B (+3.6%)
706.07B
est: 680.00B (+3.8%)
632.99B
est: 623.81B (+1.5%)
656.01B
est: 636.77B (+3.0%)
629.43B
628.30B – 630.00B
-1.2% YoY
636.97B
624.90B – 650.00B
+1.2% YoY
643.53B
638.60B – 650.00B
+1.0% YoY
646.75B
638.16B – 656.60B
+0.5% YoY
648.10B
639.50B – 657.97B
+0.2% YoY
652.10B
643.44B – 662.03B
+0.6% YoY
EBITDA
65.16B
est: 70.51B (-7.6%)
95.67B
est: 56.88B (+68.2%)
60.98B
est: 47.11B (+29.4%)
62.39B
est: 50.79B (+22.8%)
57.81B
est: 55.66B (+3.9%)
61.77B
est: 56.97B (+8.4%)
51.54B
est: 51.30B (+0.5%)
58.57B
est: 59.36B (-1.3%)
84.63B
est: 81.13B (+4.3%)
79.46B
est: 72.89B (+9.0%)
77.06B
est: 74.41B (+3.6%)
73.55B
73.42B – 73.62B
-1.2% YoY
74.43B
73.02B – 75.95B
+1.2% YoY
75.20B
74.62B – 75.95B
+1.0% YoY
75.57B
74.57B – 76.72B
+0.5% YoY
75.73B
74.73B – 76.88B
+0.2% YoY
76.20B
75.19B – 77.36B
+0.6% YoY
EBIT
31.21B
est: 31.61B (-1.3%)
62.68B
est: 25.50B (+145.8%)
25.50B
est: 21.12B (+20.7%)
26.42B
est: 22.77B (+16.0%)
21.74B
est: 24.95B (-12.9%)
24.21B
est: 25.54B (-5.2%)
14.08B
est: 23.00B (-38.8%)
22.06B
est: 26.61B (-17.1%)
48.36B
est: 36.37B (+33.0%)
40.99B
est: 31.19B (+31.4%)
38.72B
est: 31.84B (+21.6%)
31.47B
31.42B – 31.50B
-1.2% YoY
31.85B
31.25B – 32.50B
+1.2% YoY
32.18B
31.93B – 32.50B
+1.0% YoY
32.34B
31.91B – 32.83B
+0.5% YoY
32.41B
31.98B – 32.90B
+0.2% YoY
32.61B
32.17B – 33.10B
+0.6% YoY
Net Income
19.05B
est: 16.46B (+15.8%)
43.01B
est: 38.11B (+12.9%)
17.75B
est: 15.96B (+11.2%)
18.02B
est: 18.13B (-0.6%)
14.82B
est: 15.71B (-5.7%)
16.27B
est: 15.91B (+2.2%)
8.59B
est: 12.64B (-32.0%)
15.46B
est: 12.49B (+23.8%)
33.72B
est: 20.20B (+66.9%)
27.30B
est: 80.19B (-66.0%)
25.45B
est: 24.36B (+4.5%)
28.31B
26.77B – 29.85B
+16.2% YoY
23.65B
21.90B – 24.49B
-16.5% YoY
22.57B
19.19B – 28.61B
-4.6% YoY
27.83B
24.80B – 30.86B
+23.3% YoY
25.58B
25.14B – 26.09B
-8.1% YoY
27.37B
26.90B – 27.91B
+7.0% YoY
SGA
141.79B
est: 142.25B (-0.3%)
141.07B
est: 114.75B (+22.9%)
136.75B
est: 95.04B (+43.9%)
133.20B
est: 102.45B (+30.0%)
128.04B
est: 112.28B (+14.0%)
134.18B
est: 114.92B (+16.8%)
135.75B
est: 103.49B (+31.2%)
135.84B
est: 119.74B (+13.5%)
136.45B
est: 163.66B (-16.6%)
137.94B
est: 139.45B (-1.1%)
141.96B
est: 142.35B (-0.3%)
140.71B
140.45B – 140.83B
-1.2% YoY
142.39B
139.69B – 145.31B
+1.2% YoY
143.86B
142.76B – 145.31B
+1.0% YoY
144.58B
142.66B – 146.78B
+0.5% YoY
144.88B
142.96B – 147.09B
+0.2% YoY
145.77B
143.84B – 147.99B
+0.6% YoY
EPS
43.68
est: 162.80 (-73.2%)
99.26
est: 376.95 (-73.7%)
41.22
est: 157.83 (-73.9%)
42.32
est: 179.30 (-76.4%)
34.84
est: 155.40 (-77.6%)
38.41
est: 157.40 (-75.6%)
20.34
est: 125.00 (-83.7%)
36.67
est: 123.55 (-70.3%)
80.20
est: 199.80 (-59.9%)
64.93
est: 213.30 (-69.6%)
62.95
est: 64.79 (-2.8%)
76.26
71.31 – 79.51
+17.7% YoY
61.78
58.33 – 65.22
-19.0% YoY
66.57
51.11 – 76.20
+7.8% YoY
74.13
66.05 – 82.20
+11.3% YoY
68.13
66.95 – 69.47
-8.1% YoY
72.90
71.64 – 74.34
+7.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A 4/5 5/5 2/5 4/5 4/5 3/5 4/5
2026-05-28 A 4/5 5/5 2/5 4/5 4/5 3/5 4/5
2026-05-27 A 4/5 5/5 2/5 4/5 4/5 3/5 4/5
2026-05-26 A 4/5 5/5 2/5 4/5 4/5 3/5 4/5
2026-05-25 A 4/5 5/5 2/5 4/5 4/5 3/5 4/5
2026-05-22 A 4/5 5/5 2/5 4/5 4/5 3/5 4/5
2026-05-21 A 4/5 5/5 2/5 4/5 4/5 3/5 4/5
2026-05-20 A 4/5 5/5 2/5 4/5 4/5 3/5 4/5
2026-05-19 A 4/5 5/5 2/5 4/5 4/5 3/5 4/5
2026-05-18 A 4/5 5/5 2/5 4/5 4/5 3/5 4/5
2026-05-15 A 4/5 5/5 2/5 4/5 4/5 3/5 4/5
2026-05-14 A 4/5 5/5 2/5 4/5 4/5 3/5 4/5
2026-05-13 A 4/5 5/5 2/5 4/5 4/5 3/5 4/5
2026-05-12 A 4/5 5/5 2/5 4/5 4/5 3/5 4/5
2026-05-11 A 4/5 5/5 2/5 4/5 4/5 3/5 4/5
2026-05-08 A- 4/5 5/5 2/5 4/5 3/5 3/5 4/5
2026-05-07 A- 4/5 5/5 2/5 4/5 3/5 3/5 4/5
2026-05-01 A- 4/5 4/5 2/5 5/5 3/5 3/5 4/5
2026-04-30 A- 4/5 4/5 2/5 4/5 3/5 3/5 4/5
2026-04-28 A- 4/5 4/5 2/5 4/5 3/5 3/5 4/5
2026-04-27 A- 4/5 4/5 2/5 5/5 2/5 3/5 4/5
2026-04-24 A- 4/5 4/5 2/5 5/5 2/5 3/5 4/5
2026-04-23 A- 4/5 4/5 2/5 5/5 2/5 3/5 4/5
2026-04-22 A- 4/5 4/5 2/5 5/5 2/5 3/5 4/5
2026-04-21 A- 4/5 4/5 2/5 5/5 2/5 3/5 4/5
2026-04-20 A- 4/5 4/5 2/5 5/5 2/5 3/5 4/5
2026-04-17 A- 4/5 4/5 2/5 5/5 2/5 3/5 4/5
2026-04-16 A- 4/5 4/5 2/5 5/5 2/5 3/5 4/5
2026-04-15 A- 4/5 4/5 2/5 5/5 2/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-12.60B
OE per share TTM
-28.69
Owner's Yield
-2.80%
Maintenance CapEx ratio
250.96%
Maint CapEx / Avg PPE
54.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
5.26M
Shares Outstanding
363.97M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Eiji Iwama Managing Executive Officer
Katsuhiko Ozawa Senior Managing Executive Officer & Director male
Kurobe Takayuki Senior Executive Officer
Masashi Inaba Group Manager of Financial Affairs Department
Sadamasa Morii Executive Officer & Human Resources Manager
Satoshi Yamazaki President, Executive Officer & Representative Director male
Shigeru Tajima Executive Officer & Public Relations Manager
Shinsuke Kagami Senior Managing Executive Officer, GM of Sales Headquarters & Director male
Takeo Haigo Senior Managing Executive Officer & Director
Takuhiko Ono Managing Executive Officer
Tsutomu Maeda Senior Managing Executive Officer & Director
Yoichi Takei Managing Executive Officer
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits