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TOHO GAS Co (9533) AI Stock Analysis

JP:9533

TOHO GAS Co

(TSE/TYO:9533)

Select Model
Rating:62Neutral
Price Target:JPY 1,352.00â–²(6.04% Upside)
Action:downgraded
Date:08/05/26

TOHO GAS's overall score of 62 balances its strong financial health—low debt, robust cash flows, and solid profitability—against a weak technical trend and modest valuation. The stock's recent price decline and below-average dividend yield temper the positive fundamentals.

Positive Factors
Balance Sheet StrengthModerate leverage and a growing equity base give TOHO GAS financial resilience as a regulated utility. Manageable debt leaves more capacity to maintain infrastructure, absorb operating variability, and pursue energy-service investment without relying excessively on external funding.
Negative Factors
Revenue VolatilityRevenue volatility and declines after FY2023 indicate that TOHO GAS remains exposed to regulated and commodity-influenced business conditions. Uneven top-line performance can make capacity planning, operating leverage, and earnings visibility less dependable across reporting periods.

TOHO GAS Co (9533) vs. iShares MSCI Japan ETF (EWJ)

-5%0%5%10%15%20%25%30%JP:9533+15.12%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 2.31B
Dividend Yield
1.76%
Average Volume (3M)
808.30K
Price to Earnings (P/E)
25.8
Beta (1Y)
0.44
Revenue Growth
-2.49%
EPS Growth
-30.83%
Country
Japan
Employees
6,131
Sector
Utilities
Sector Strength
66
Industry
Regulated Gas

TOHO GAS Co Business Overview & Revenue Model

Company 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 de...

TOHO GAS Co Financial Statement Overview

Summary

TOHO GAS exhibits a strong balance sheet with low leverage (score 85) and consistent cash flows (75). Income statement shows solid long-term growth but recent revenue decline and margin pressure (70). Overall financial health is robust, providing a stable foundation.

Income Statement

70Positive

Balance Sheet

85Very Positive

Cash Flow

75Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue634.46B651.09B656.01B632.99B706.07B515.31B
Gross Profit167.23B179.29B172.84B171.54B180.19B153.70B
EBITDA68.19B82.90B76.67B79.46B84.63B58.56B
Net Income24.26B31.45B25.45B27.30B33.72B15.46B
Balance Sheet
Total Assets833.02B809.46B758.76B734.52B693.52B655.59B
Cash, Cash Equivalents and Short-Term Investments27.52B43.01B46.75B29.77B34.01B32.30B
Total Debt166.99B166.95B161.46B140.81B146.77B140.52B
Total Liabilities337.45B331.94B310.37B277.67B291.01B272.84B
Stockholders Equity495.07B477.52B448.39B456.85B402.50B382.75B
Cash Flow
Free Cash Flow024.64B38.85B9.84B16.68B-3.60B
Operating Cash Flow065.61B83.10B47.38B56.41B35.44B
Investing Cash Flow0-41.78B-45.16B-42.08B-52.44B-54.88B
Financing Cash Flow0-26.75B-18.77B-14.24B-2.94B635.00M

TOHO GAS Co Technical Analysis

Technical Analysis SentimentPositive
Last Price1275.00

Price Trends

50DMA1231.85Positive
100DMA1212.84Positive
200DMA1241.81Positive

Market Momentum

MACD0.15Negative
RSI63.02Neutral
STOCH75.77Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9533, the sentiment is Positive. The current price of 1275.00 is above the 20-day moving average (MA) of 1212.63, above the 50-day MA of 1231.85, and above the 200-day MA of 1241.81, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 63.02 is Neutral, neither overbought nor oversold. The STOCH value of 75.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9533.

TOHO GAS Co Peers Comparison

Overall Rating

UnderperformOutperform
Sector (66)

Financial Indicators

JP:9533 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:9534JP:953474OutperformJPY 78.11B8.44―3.00%0.69%-22.03%
JP:9532JP:953268NeutralJPY 2.25T18.096.91%2.12%0.88%-27.81%
Sector *66Neutral$17.65B18.105.60%3.62%6.62%11.55%
JP:9533JP:953362NeutralJPY 466.98B25.763.73%1.76%-2.49%-30.83%
JP:8174JP:817462NeutralJPY 279.18B19.5922.07%8.06%7.75%9.01%
JP:9543JP:954360NeutralJPY 101.52B10.487.33%3.25%0.10%40.92%
JP:9531JP:953150NeutralJPY 2.17T11.0711.52%1.84%3.63%14.06%

* Utilities Sector Average

Performance Comparison

0%20%40%JP:9533JP:8174JP:9532JP:9531JP:9543JP:9534Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:9533 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:9533TOHO GAS Co 1275.00146.1212.94%
JP:8174NIPPON GAS Co866.10-82.58-8.70%
JP:9532Osaka Gas Co 5892.001142.4724.05%
JP:9531TOKYO GAS Co 6517.001209.1122.78%
JP:9543SHIZUOKA GAS CO. LTD.1370.00282.9026.02%
JP:9534Hokkaido Gas Co., Ltd.882.00223.8334.01%

TOHO GAS Co Corporate Events

Toho Gas Finalizes Adjusted Treasury Stock Disposal for Employee Share Plan

Oct 30, 2026

Toho Gas has completed payment procedures for the disposal of treasury stock under a restricted stock incentive plan for its Employee Shareholding Association, following a July 24, 2026 board resolution. The disposal involves a third-party allotment...

Toho Gas Launches ¥17 Billion Share Buyback Program

Oct 30, 2026

Toho Gas has executed a treasury stock repurchase, buying 2,003,000 shares of its common stock for approximately 2.47 billion yen through an off-auction ToSTNeT-3 transaction on the Tokyo Stock Exchange on October 30, 2026. The buyback is part of a b...

Toho Gas Launches ¥17 Billion Share Buyback Program via ToSTNeT-3

Oct 29, 2026

Toho Gas has approved a share buyback program and decided to repurchase 2.5 million shares of its common stock via an off-auction own-share repurchase transaction (ToSTNeT-3) on the Tokyo Stock Exchange at the October 29, 2026 closing price of ¥...

Toho Gas Launches ¥17 Billion Share Buy-back to Bolster Capital Policy

Oct 29, 2026

Toho Gas Co., Ltd. has approved a share buy-back program aimed at executing timely and flexible capital policy measures, reinforcing its approach to shareholder returns and balance sheet management. The plan authorizes the repurchase of up to 20 mill...

Toho Gas Swings to Operating Loss but Keeps Dividend as Full-Year Earnings Outlook Cut

Oct 29, 2026

Toho Gas reported consolidated net sales of ¥309.2 billion for the six months ended Sept. 30, 2026, up 0.7% year on year, but swung to an operating loss of ¥358 million and saw ordinary income and net income attributable to owners of the pa...

Toho Gas Completes ¥15 Billion Share Buy-Back Ahead of Plan End

Sep 18, 2026

Toho Gas has completed a share buy-back program authorized under Japan’s Companies Act, repurchasing 1,485,300 common shares on the Tokyo Stock Exchange between September 1 and September 18, 2026, for a total of about ¥1.92 billion. This t...

Toho Gas Advances Share Buy-back Program, Repurchasing Over 10.6 Million Shares

Sep 3, 2026

Toho Gas Co., Ltd., a major Japanese city gas utility listed on the TSE Prime and NSE Premier markets, continues to strengthen its capital policy through active use of share buy-backs. The company’s focus on returning value to shareholders unde...

Toho Gas Completes Treasury Share Disposal for Executive Restricted Stock

Aug 24, 2026

Toho Gas Co., Ltd. is a Japanese energy utility operating in the city gas sector, supplying natural gas and related services to households and businesses. Listed on the TSE Prime Market and NSE Premier Market under securities code 9533, the company p...

Toho Gas Advances Large-Scale Share Buy-Back Amid Capital Management Drive

Aug 5, 2026

Toho Gas Co., Ltd. has continued executing its share buy-back program, repurchasing 2,379,100 common shares on the Tokyo Stock Exchange between July 1 and July 31, 2026, for a total consideration of ¥2.89 billion, under an authorization pursuant...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 04, 2026