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Tokyo Gas fiscal Q4 profit climbs 53.6% YOY


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Tokyo Gas fiscal Q4 profit climbs 53.6% YOY

Tokyo Gas Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥149.05 per share, a gain of 58.1% from ¥94.29 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥72.74 billion, an increase of 53.6% from ¥47.36 billion in the prior-year period.

The normalized profit margin rose to 10.2% from 7.0% in the year-earlier period.

Total revenue climbed 5.3% year over year to ¥712.42 billion from ¥676.79 billion, and total operating expenses came to ¥601.25 billion, compared with ¥598.58 billion in the year-earlier period.

Reported net income increased 8.9% year over year to ¥58.04 billion, or ¥118.92 per share, from ¥53.27 billion, or ¥106.07 per share.

For the year, the company's normalized net income totaled ¥213.01 per share, compared to EPS of ¥195.50 in the prior year.

Normalized net income was ¥104.29 billion, a gain from ¥98.39 billion in the prior year.

Full-year total revenue grew from the prior-year period to ¥2.293 trillion from ¥2.112 trillion, and total operating expenses rose on an annual basis to ¥2.125 trillion from ¥1.946 trillion.

The company said reported net income fell year over year to ¥95.83 billion, or ¥195.73 per share, in the full year, from ¥108.45 billion, or ¥215.49 per share.

As of June 26, US$1 was equivalent to ¥123.96.