Toho Gas Co., Ltd. (9533.T) Bundle
A Brief History of Toho Gas Co., Ltd.
Toho Gas Co., Ltd., established in 1885, has developed from its origins as a local gas supplier into one of Japan's leading energy companies. Initially focused on gas production for lighting, the company transitioned to supplying gas for cooking and heating as technology advanced and consumer needs evolved.
By the 1950s, Toho Gas expanded its infrastructure, investing in pipeline distribution systems. As of fiscal year 2022, the company reported a total of approximately 2.4 million gas customers, solidifying its presence in the industry. In 1991, Toho Gas began diversifying its energy offerings to include liquefied natural gas (LNG), seeking to enhance its supply stability and broaden customer service offerings.
In the early 2000s, Toho Gas took strategic steps towards sustainability, aiming to reduce environmental impact. In 2003, the company launched a program to promote energy-saving measures among its residential and commercial customers. By 2021, Toho Gas had achieved a record reduction of 1.2 million tons of CO2 emissions through its energy conservation initiatives.
| Year | Significant Event | Customer Base (millions) | CO2 Emissions Reduction (tons) |
|---|---|---|---|
| 1885 | Founded as a gas supplier | 0.01 | N/A |
| 1950s | Investment in pipeline infrastructure | 0.5 | N/A |
| 1991 | Diversified into LNG | 1.2 | N/A |
| 2003 | Energy-saving program launched | 1.8 | 100,000 |
| 2021 | CO2 emissions reduction achievement | 2.4 | 1,200,000 |
Toho Gas continued to adapt to market changes and consumer preferences through the 2010s and into the 2020s. In 2022, the company reported revenues of approximately ¥550 billion (about $5 billion USD), with a net income of ¥30 billion. The company's operational efficiency and customer satisfaction ratings significantly improved during this period, with a customer satisfaction index score of 84%.
As part of its long-term strategy, Toho Gas has been investing in renewable energy sources and smart energy systems. The company aims to align with Japan's national goals for carbon neutrality by 2050. To achieve this, investments have been made in hydrogen energy projects, with a target of producing 300,000 tons of hydrogen annually by 2030.
Toho Gas's commitment to innovation is further underscored by its R&D expenditures, which reached approximately ¥5 billion in 2022. This funding is directed towards enhancing energy efficiency technologies and expanding alternative energy sources for customers.
The company remains publicly traded on the Tokyo Stock Exchange under the ticker symbol 9533. As of October 2023, Toho Gas's stock price is approximately ¥2,300, with a market capitalization of around ¥600 billion.
Through its rich history and forward-thinking strategies, Toho Gas Co., Ltd. continues to play a vital role in Japan's energy landscape, adapting to challenges while pursuing sustainable growth and innovation.
A Who Owns Toho Gas Co., Ltd.
Toho Gas Co., Ltd. is a prominent utility company in Japan, primarily engaged in the distribution of natural gas. As of the latest financial reports, Toho Gas has a diverse ownership structure, consisting of institutional investors, individual shareholders, and other stakeholders.
As of March 31, 2023, the ownership details of Toho Gas are as follows:
| Owner Type | Percentage of Ownership |
|---|---|
| Foreign Institutions | 15.2% |
| Domestic Institutions | 34.5% |
| Individuals and Others | 28.3% |
| Company Owned Shares | 8.7% |
| Japanese Government | 3.3% |
| Other Corporations | 10.0% |
The company’s major institutional shareholders include large investment firms and mutual funds, reflective of the broader trend in Japan, where institutional ownership is typically robust.
In terms of stock performance, Toho Gas has exhibited stable financial indicators. The company's market capitalization as of the end of September 2023 was approximately ¥550 billion, with a price-to-earnings (P/E) ratio of around 12.4.
Toho Gas reported operating revenues of ¥275 billion for the fiscal year ending March 2023, marking an increase of 6% year-over-year. The operating income for the same period stood at ¥30 billion, resulting in an operating margin of approximately 10.9%.
The company has been actively investing in renewable energy initiatives, with plans to allocate ¥25 billion toward new sustainable energy projects by 2025, aiming to enhance its energy portfolio and adapt to shifting market demands.
Furthermore, Toho Gas's dividend policy reflects its commitment to returning value to shareholders, with a forecasted dividend of ¥70 per share for the fiscal year ending March 2024. This indicates a dividend yield of approximately 3.5% based on the current stock price.
The strategic direction of Toho Gas is also influenced by its major stakeholders, who advocate for sustainable practices and improved shareholder returns. The company's board comprises individuals with extensive experience in energy management and corporate governance, ensuring proper oversight of its operations and investments.
In summary, Toho Gas Co., Ltd.'s ownership structure showcases a blend of institutional and individual investors, supported by solid financial performance and a proactive approach towards sustainable energy development. The company remains a key player in Japan's energy landscape, adapting to evolving consumer needs and regulatory environments.
Toho Gas Co., Ltd. Mission Statement
Toho Gas Co., Ltd., a prominent player in the energy sector in Japan, has a mission that emphasizes sustainability, innovation, and customer satisfaction. The company aims to provide a stable and environmentally friendly supply of energy while contributing to the development of local communities.
The mission statement expresses a commitment to the following core areas:
- Responsible energy management
- Investment in innovative technologies
- Community engagement and support
As of the fiscal year 2023, Toho Gas reported a total revenue of ¥550 billion, maintaining a steady growth trajectory due to increased demand for natural gas and a focus on renewable energy initiatives.
The company’s net profit for the same year was ¥35 billion, representing a 6.5% increase year-over-year, driven by operational efficiencies and higher residential gas consumption. This financial performance underscores the alignment between their mission and tangible outcomes.
| Fiscal Year | Total Revenue (¥ billion) | Net Profit (¥ billion) | Year-over-Year Growth (%) |
|---|---|---|---|
| 2021 | ¥500 | ¥30 | 5.0% |
| 2022 | ¥517 | ¥32 | 6.7% |
| 2023 | ¥550 | ¥35 | 6.5% |
Toho Gas is also dedicated to achieving a significant reduction in CO2 emissions. The company targets a 30% decrease in emissions by 2030 compared to 2013 levels. This commitment aligns with Japan’s national goals for carbon neutrality by 2050.
In terms of customer focus, Toho Gas aims to enhance customer experience through technological advancements. The company is investing approximately ¥10 billion in digital transformation initiatives over the next five years, which includes smart meter installations and customer service improvements.
Furthermore, the mission statement highlights the importance of stakeholder engagement. Toho Gas has conducted several community programs, reflecting their commitment to social responsibility, with over ¥1 billion allocated to community development projects in 2022.
Overall, Toho Gas Co., Ltd. continues to position itself as a leader in the energy sector, focusing on sustainable growth, technological innovation, and community involvement, which is clearly articulated in their mission statement.
How Toho Gas Co., Ltd. Works
Toho Gas Co., Ltd. operates primarily in the energy sector, providing gas and related services in Japan. As of the latest fiscal year, Toho Gas reported consolidated sales of approximately JPY 451.5 billion, marking an increase from JPY 441.3 billion the previous year.
The company serves about 3.25 million customers, primarily in the Aichi Prefecture and surrounding regions. The customer base includes residential, commercial, and industrial sectors, each contributing significantly to the total sales. The residential sector typically consumes around 50% of the total gas supply.
In 2022, Toho Gas distributed approximately 3,500 million cubic meters of natural gas, reflecting a slight increase from 3,480 million cubic meters in 2021. Natural gas sales form the backbone of the company’s revenue, accounting for over 80% of total revenues.
| Year | Total Revenue (JPY billions) | Natural Gas Sales (million cubic meters) | Number of Customers |
|---|---|---|---|
| 2022 | 451.5 | 3,500 | 3.25 million |
| 2021 | 441.3 | 3,480 | 3.22 million |
| 2020 | 426.0 | 3,450 | 3.20 million |
Toho Gas also focuses on diversification through the generation and supply of electricity. The company operates gas-fired power plants and has invested in renewable energy sources, contributing to its goal of reducing carbon emissions. As of 2022, Toho Gas generated approximately 1,200 GWh of electricity, with plans to increase this capacity by an additional 200 GWh over the next two years.
In terms of operational efficiency, Toho Gas has been able to maintain a relatively low average gas supply cost at around JPY 43.5 per cubic meter. This is competitive compared to industry peers, which have average costs closer to JPY 46.0 per cubic meter.
Toho Gas's financial health is supported by a strong balance sheet, with total assets amounting to approximately JPY 600 billion and shareholders' equity of about JPY 300 billion. The company’s debt-to-equity ratio stands at 1.0, indicating a moderate level of leverage.
Recent initiatives include advancements in smart meter technology, which not only enhance customer satisfaction but also improve operational efficiency. Approximately 80% of residential customers have transitioned to smart meters, facilitating better consumption tracking and billing processes.
Toho Gas has been proactive in engaging with sustainability efforts by aiming for a 30% reduction in greenhouse gas emissions by 2030 based on 2013 levels. This aligns with Japan's national targets for carbon neutrality.
Finally, 2023 marked the company’s entry into the hydrogen production sector, aiming to produce 30,000 tons of hydrogen annually by 2025, further diversifying its energy portfolio and contributing to Japan's energy transition efforts.
How Toho Gas Co., Ltd. Makes Money
Toho Gas Co., Ltd. generates revenue primarily through the distribution of natural gas, along with several related services. As of the fiscal year ending March 31, 2023, the company's revenue was approximately ¥458.8 billion, reflecting a growth of 5.6% compared to the previous year. The core segments of their operations include gas sales, gas appliances sales, and construction services.
Gas Sales
The most significant portion of Toho Gas's revenue comes from the sale of natural gas. In the last fiscal year, the volume of natural gas sales was approximately 5.4 billion cubic meters, with a net sales value of around ¥398 billion.
Gas Appliance Sales
Toho Gas also profits from the sale of gas appliances. This segment contributed approximately ¥22.8 billion to the total revenue. Products include gas stoves, water heaters, and heating systems, with a focus on energy-efficient technology.
Construction Services
Another revenue stream for Toho Gas is their construction services, which typically involve the installation of gas pipelines and facilities. In FY2023, this segment accounted for around ¥18.8 billion in revenue, representing approximately 4.1% of total sales.
Other Revenues
Toho Gas generates additional income through various services such as maintenance and consulting for gas-related infrastructure. This accounted for roughly ¥19.8 billion in the last fiscal year.
| Revenue Stream | Fiscal Year 2022 | Fiscal Year 2023 | Growth Rate |
|---|---|---|---|
| Natural Gas Sales | ¥377 billion | ¥398 billion | 5.6% |
| Gas Appliance Sales | ¥20 billion | ¥22.8 billion | 14% |
| Construction Services | ¥18.2 billion | ¥18.8 billion | 3.3% |
| Other Revenues | ¥18.0 billion | ¥19.8 billion | 10% |
Operational Efficiency
Toho Gas has focused on operational efficiency to improve profit margins. The company's operating profit for FY2023 stood at ¥60.1 billion, with an operating margin of approximately 13.1%, up from 12.6% the previous fiscal year.
Future Growth Initiatives
Looking ahead, Toho Gas is investing in renewable energy and smart energy solutions to diversify its offerings. The company has earmarked about ¥30 billion for capital expenditures in FY2024, aimed at expanding infrastructure and enhancing sustainability initiatives.
The total assets of Toho Gas as of March 31, 2023, were valued at approximately ¥1 trillion, with shareholders' equity reported at around ¥385 billion.
In providing energy solutions, Toho Gas remains committed to expanding its customer base and enhancing service delivery, which is crucial for maintaining its competitive edge in the Japanese market.
Toho Gas Co., Ltd. (9533.T) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.