- Tokyo Gas has lowered its full-year operating income forecast to 117.00 billion yen, compared to the previous expectation of 125.00 billion yen and the market estimate of 132.83 billion yen.
- The company now anticipates a net income of 72.00 billion yen for the fiscal year, down from the previous 81.00 billion yen and below the estimated 89.82 billion yen.
- Tokyo Gas expects net sales to reach 2.69 trillion yen, slightly higher than the previously forecasted 2.65 trillion yen but below the consensus estimate of 2.71 trillion yen.
- The dividend forecast remains at 70.00 yen per share, slightly below the market expectation of 72.00 yen per share.
- For the third quarter, Tokyo Gas reported operating income of 34.72 billion yen, an increase of 4.8% year-over-year, but less than the estimated 36.16 billion yen.
- The third-quarter net income was 19.42 billion yen, showing a significant 68% increase year-over-year, though below the estimate of 28.37 billion yen.
- Net sales for the third quarter were 622.23 billion yen, a 1.2% decrease from the previous year and below the expected 670.51 billion yen.
- Analyst ratings for Tokyo Gas include 0 buys, 5 holds, and 0 sells.
A look at Tokyo Gas Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Tokyo Gas Company, known for producing and supplying liquefied natural gas to the Tokyo region, appears to have a promising long-term outlook according to the Smartkarma Smart Scores. With above-average ratings in Value, Growth, and Momentum, the company is positioned well for future success. The high scores in Growth and Momentum indicate strong potential for expansion and positive market movement. Although the Resilience score is lower, Tokyo Gas‘ solid ratings in other areas suggest a favorable overall outlook.
Tokyo Gas Co., Ltd. may be an attractive investment opportunity for those seeking potential growth and value. The company, which also operates in power generation and sells air conditioning appliances, seems to have a solid foundation for continued success. Investors looking for a company with strong growth prospects and market momentum might find Tokyo Gas to be a compelling choice based on the Smartkarma Smart Scores. With favorable ratings in Value, Growth, and Momentum, Tokyo Gas could be a promising long-term investment option in the energy sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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