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Tokyo GASTOKYO GAS CO.,LTD.9531東証プライム電気・ガス業FY ending Mar 2026, consolidated, J-GAAP

Tokyo GAS FY ending Mar 2026 results

About 86% of Tokyo GAS's sales come from Energy solution, with Global Business and Network making up much of the rest.

Out of every ¥100 of sales, about ¥7 is left as operating profit.

Revenue changed +7.5% from the prior year, operating profit +48.5%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +7.5% · profit +48.5%, calculated from disclosed figures.

Operating leverage: 6.46× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+7.5%¥2.64T → ¥2.83T
Gross profit
+24.9%¥406.2B → ¥507.3B
Operating income
+48.5%¥133.1B → ¥197.7B
Net income attributable to owners
+205.8%¥74.2B → ¥226.9B
Operating cash flow
+24.4%¥363.1B → ¥451.8B
Free cash flow
+173.8%¥57.1B → ¥156.2B

Results at a glance

  • Revenue for the FY ending Mar 2026 was ¥2.83T, up +7.5% from ¥2.64T.
  • Operating income grew much faster, from ¥133.1B to ¥197.7B (+48.5%).
  • Net income rose +205.8%, from ¥74.2B to ¥226.9B, helped by one-off gains on top of the core business.
  • Operating cash flow also rose to ¥451.8B (+24.4%), and free cash flow came to ¥156.2B.

What drove the change

  • Higher electricity sales volumes and higher selling prices in the North American shale gas business lifted revenue
  • Operating costs rose with power procurement and personnel costs, but sales grew faster
  • A one-off gain from releasing foreign currency translation adjustments outweighed impairment losses and boosted net income

Things to watch

  • The expanded US shale gas business makes earnings more sensitive to Henry Hub gas prices and exchange rates
  • Most LNG is imported, so trouble at supplier countries, gas fields or shipping could disrupt supply and hurt results
  • Unusual weather, such as a warm winter or a hot summer, changes gas and power sales, especially to households

Annual Securities Report (226th term) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report (226th term) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Tokyo GAS sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥82
SG&A
¥11
Operating profit
¥7
Net profit kept
¥8

Annual margin trends

Gross margin17.9%
FY ending Mar 2021: 31.3%31.3%FY ending Mar 2022: 18.0%18.0%FY ending Mar 2023: 21.1%21.1%FY ending Mar 2024: 17.7%17.7%FY ending Mar 2025: 15.4%15.4%FY ending Mar 2026: 17.9%17.9%FY21FY22FY23FY24FY25FY26
Operating margin7.0%
FY ending Mar 2021: 4.4%4.4%FY ending Mar 2022: 5.9%5.9%FY ending Mar 2023: 12.8%12.8%FY ending Mar 2024: 8.2%8.2%FY ending Mar 2025: 5.0%5.0%FY ending Mar 2026: 7.0%7.0%FY21FY22FY23FY24FY25FY26
Net margin8.0%
FY ending Mar 2021: 2.8%2.8%FY ending Mar 2022: 4.4%4.4%FY ending Mar 2023: 8.5%8.5%FY ending Mar 2024: 6.2%6.2%FY ending Mar 2025: 2.8%2.8%FY ending Mar 2026: 8.0%8.0%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第226期(2025/04/01－2026/03/31)

    ID S100YH8W2026-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第225期(2024/04/01－2025/03/31)

    ID S100W10L2025-06-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第224期(2023/04/01－2024/03/31)

    ID S100TUIH2024-06-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第223期(2022/04/01－2023/03/31)

    ID S100R87L2023-06-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第222期(令和3年4月1日－令和4年3月31日)

    ID S100OJKI2022-06-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第221期(令和2年4月1日－令和3年3月31日)

    ID S100LSTE2021-06-29Open

Extracted from XBRL: 55 / Derived from other figures: 2

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