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Tokyo Gas Co., Ltd.

Business Summary

Tokyo Gas Co., Ltd. engages in the provision of city gas and other gas-related products. It operates through the following segments: Gas, Electric Power, Overseas Business, Energy-related, Real Estate, and Others. The Gas segment produces, supplies, and sells city gas and liquid gas. The Electric Power segment handles electric power services. The Overseas Business segment deals with overseas resource development, investment, and energy. The Energy-related segment includes engineering solutions, gas appliances, and gas construction works. The Real Estate segment leases and manages land and buildings. The Others segment includes information processing service and shipping businesses. The company was founded by Eiichi Shibusawa on October 1, 1885 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2023 JPYUSD
Gross Profit693,172M5,115.00M
Operating income421,477M3,110.13M
Income before tax407,479M3,006.83M
Net income280,917M2,072.92M
Diluted EPS646.994.77
Dividends Per Share650.47
Total Assets3,581.42B26,909.79M
Total liabilities1,992.11B14,968.20M
Total equity1,558.40B11,709.40M
Operating cash flow487,030M3,593.85M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 1,962.30B 1,925.23B 1,765.14B 2,145.19B 3,289.63B
Gross Profit 452,093M 474,952M 443,691M 474,956M 693,172M
Operating income 93,705M 101,419M 77,676M 117,778M 421,477M
Income before tax 117,248M 67,476M 66,184M 126,865M 407,479M
Net income 84,555M 43,293M 49,505M 88,746M 280,917M
EBITDA 255,979M 271,743M 258,355M 319,334M 630,777M
Diluted EPS 187.60 97.86 112.25 201.84 646.99
Dividends Per Share 60 60 60 65 65
Total Assets 2,428.14B 2,539.91B 2,738.34B 3,216.94B 3,581.42B
Total liabilities 1,256.79B 1,380.77B 1,560.07B 1,957.66B 1,992.11B
Total equity 1,159.05B 1,147.74B 1,153.81B 1,227.19B 1,558.40B
Operating cash flow 141,306M 306,296M 255,574M 145,227M 487,030M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 17,695.24M 17,707.25M 16,643.30M 19,090.02M 24,274.61M
Gross Profit 4,076.77M 4,368.34M 4,183.49M 4,226.61M 5,115.00M
Operating income 844.99M 932.79M 732.39M 1,048.10M 3,110.13M
Income before tax 1,057.29M 620.60M 624.03M 1,128.96M 3,006.83M
Net income 762.48M 398.18M 466.77M 789.74M 2,072.92M
EBITDA 2,308.30M 2,499.34M 2,435.99M 2,841.74M 4,654.58M
Diluted EPS 1.69 0.90 1.05 1.79 4.77
Dividends Per Share 0.54 0.55 0.56 0.57 0.47
Total Assets 21,937.47M 23,527.57M 24,781.43M 26,504.15M 26,909.79M
Total liabilities 11,354.72M 12,790.28M 14,118.31M 16,129.07M 14,968.20M
Total equity 10,471.66M 10,631.71M 10,441.75M 10,110.79M 11,709.40M
Operating cash flow 1,274.23M 2,817.14M 2,409.77M 1,292.36M 3,593.85M

Valuation Measures

Mar 2023
Operating margin12.81%
Profit margin8.53%

Key executives

  • President & Representative Director: Takashi Uchida
  • Representative Director, EVP & GM-Living Services: Masaru Takamatsu
  • Representative Director, EVP & GM-Energy Solutions: Kunio Nohata
  • Executive Officer & Manager-Living Sales Planning: Masayuki Kado
  • Executive Officer & Manager-Wide Area Sales: Masako Konishi


  • Nippon Life Insurance Co. (7.1%)
  • Nomura Asset Management Co., Ltd. (3.6%)
  • BlackRock Fund Advisors (3.1%)
  • The Vanguard Group, Inc. (2.5%)
  • Tokyo Gas Employee Stock Ownership Plan (2.0%)
  • Fukoku Mutual Life Insurance Co. (Investment Portfolio) (1.7%)
  • Daiwa Asset Management Co. Ltd. (1.6%)
  • Nikko Asset Management Co., Ltd. (1.6%)
  • Dai Ichi Life Insurance Pension Fund (1.6%)
  • BlackRock Japan Co., Ltd. (1.5%)

Contact Details

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    Last Updated on 29 May, 2023

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