- Tokyo Gas has increased its full-year net sales forecast to 2.75 trillion yen, up from a previous forecast of 2.57 trillion yen and beating the estimate of 2.71 trillion yen.
- The company continues to project an operating income of 159.00 billion yen, though the market estimate is higher at 175.6 billion yen.
- Net income outlook remains at 183.00 billion yen, slightly below the market estimate of 190.8 billion yen.
- The dividend forecast is unchanged at 80.00 yen per share, less than the estimated 84.00 yen.
- In the first quarter, Tokyo Gas reported an operating income of 62.52 billion yen, a significant increase from 24.91 billion yen compared to the same period last year.
- The net income for the first quarter was recorded at 101.73 billion yen, up from 19.90 billion yen year-over-year.
- First-quarter net sales grew by 10% year-over-year, reaching 647.34 billion yen.
- Analyst recommendations for Tokyo Gas include 2 buy ratings, 3 hold ratings, and no sell ratings.
A look at Tokyo Gas Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
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
Analysts using the Smartkarma Smart Scores have evaluated Tokyo Gas and assigned a mixed outlook based on various factors. While the company receives a strong score for its value, indicating a favorable valuation, its dividend and resilience scores are relatively lower. This suggests that Tokyo Gas may not be a top choice for income-seeking investors or those prioritizing stability amid market fluctuations.
However, Tokyo Gas shows promising scores in growth and momentum, implying potential for expansion and positive price movement in the future. As a producer and supplier of liquefied natural gas in Tokyo and neighboring regions, with additional operations in equipment maintenance, air conditioning sales, and power generation, Tokyo Gas is positioned to capitalize on growth opportunities despite some challenges in dividends and resilience.
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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