trending Market Intelligence /marketintelligence/en/news-insights/trending/jfJGPjsmdqn9UesHMJ4dEg2 content esgSubNav
In This List

Tokyo Gas fiscal Q1 profit falls YOY

Blog

Sitting on the fence: Which way will the solar panel industry turn?

Blog

Banking Essentials Newsletter May 29th Edition

Blog

Investment Banking Essentials: May 29

Podcast

Maritime and Trade Talk Episode 28: Economic impact of armed conflicts


Tokyo Gas fiscal Q1 profit falls YOY

Tokyo Gas Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥62.59 per share, a decrease of 47.8% from ¥119.87 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥29.36 billion, a decline of 49.4% from ¥58.06 billion in the prior-year period.

The normalized profit margin declined to 7.8% from 11.9% in the year-earlier period.

Total revenue declined 22.9% on an annual basis to ¥375.72 billion from ¥487.38 billion, and total operating expenses decreased 16.3% year over year to ¥328.61 billion from ¥392.84 billion.

Reported net income declined 46.6% on an annual basis to ¥39.19 billion, or ¥83.55 per share, from ¥73.41 billion, or ¥151.57 per share.

As of Aug. 15, US$1 was equivalent to ¥101.04.