Announced the financial results for the second quarter ended September 2025[PDF : 355KB]

October 28, 2025

Code No.: 9533 (URL https://www.tohogas.co.jp/) Representative: Satoshi Yamazaki, Representative Director, President Contact: Yutaka Katahira,

General Manager of Finance Dept

Tel: +81-52-872-9341

Date of filing semi-annual securities report: November 13, 2025 Commencement of dividend payments: November 28, 2025 Quarterly earnings supplementary explanatory documents: Yes Quarterly earnings presentation: Yes (for institutional investors)

Shares listed on:

Tokyo Stock Exchange, Nagoya Stock Exchange

(Rounded down to the nearest million yen)

1. Consolidated Results for the Six Months Ended September 30, 2025

   1. Consolidated business results (Percentage figures indicate the percentage change on the results for the previous year)

      	Net sales		Operating income		Ordinary income		Net income attributable to owners of the parent
      	(Unit: million yen)	(％)	(Unit: million yen)	(％)	(Unit: million yen)	(％)	(Unit: million yen)	(％)
      April 1 – September 30, 2025	307,161	4.7	23,817	24.7	26,734	17.1	20,236	12.5
      April 1 – September 30, 2024	293,404	-2.5	19,098	-33.7	22,839	-28.4	17,989	-26.9

      Note: Comprehensive income 2nd Quarter ended September 2025: ¥27,157 million (167.9%), 2nd Quarter ended September 2024: ¥10,138 million (-76.3%)

      	Net income per share	Diluted earnings per share
      	(Unit: yen)	(Unit: yen)
      April 1 – September 30, 2025	211.84	-
      April 1 – September 30, 2024	174.49	-

   2. Consolidated financial position

   	Total assets	Net assets	Equity ratio
   2nd Quarter ended September 2025 FY2024 ended March 2025	(Unit: million yen) 760,818 758,765	(Unit: million yen) 456,743 448,394	(％) 60.0 59.1

   Reference: Net assets (excluding minority interests)

   2nd Quarter ended September 2025: ¥456,743 million, FY2024 ended March 2025: ¥448,394 million

2. Dividends

   	Dividend per share
   	End of 1st Quarter	End of 2nd Quarter	End of 3rd Quarter	End of 4th Quarter	Total
   FY2024 ended March 2025 FY2025 ending March 2026	(Unit: yen) - -	(Unit: yen) 40.00 45.00	(Unit: yen) -	(Unit: yen) 40.00	(Unit: yen) 80.00
   FY2025 ending March 2026 (forecasts)			-	45.00	90.00

   Notes: Revision of previously announced dividend forecasts: No

3. Consolidated Results Forecast for the Year Ending March 2026 (April 1, 2025 - March 31, 2026)

   (Percentage figures indicate the percentage change on the results for the previous year)

   	Net sales	Operating income	Ordinary income	Net income attributable to owners of the parent	Net income per share
   Full term	(Unit: million yen) (％) 630,000 -4.0	(Unit: million yen) (％) 27,000 -12.6	(Unit: million yen) (％) 33,000 1.8	(Unit: million yen) (％) 27,000 6.1	(Unit: yen) 287.01

   Notes: Revision of previously announced forecasts during this period: Yes

   • Notes

     1. Changes in significant consolidated subsidiaries: No

     2. Application of accounting treatment peculiar to quarterly consolidated financial statement preparation: Yes*

        * For details, please refer to “3. Notes about Consolidated Statements (Application of accounting treatment specific to the preparation of quarterly consolidated financial statements)” on page 6.

     3. Changes in accounting treatment principles, changes in accounting estimates, and retrospective restatements

        • Changes accompanied by reform of accounting standards: No

        • Other changes: No

        • Changes in accounting estimates: No

        • Retrospective restatements: No

     4. Number of outstanding shares (common stock)

        2nd Quarter ended September 2025	98,220,085 shares	FY2024 ended March 2025	98,220,085 shares
        2nd Quarter ended September 2025	4,146,579 shares	FY2024 ended March 2025	624,242 shares
        2nd Quarter ended September 2025	95,527,068 shares	2nd Quarter ended September 2024	103,100,472 shares

        Number of outstanding shares at the end of the term

        (Inclusive of treasury stock)

        Number of treasury stock at the end of the term

        Average number of outstanding shares during the term

   • This report of consolidated financial results is not subject to audit.

   • Notes on proper use of forecasts and other matters

The forecasts in this document are based on the information available at the time of the release of this document. Due to various factors, the actual result may vary from the forecast data.

1. Consolidated balance sheet

   (Unit: million yen)

   	As of March 31, 2025	As of September 30, 2025
   Assets Noncurrent assets Property, plant and equipment Production facilities Distribution facilities Service and maintenance facilities Other facilities Construction in progress Total property, plant and equipment Intangible assets Other Total intangible assets Investments and other assets Investment securities Net defined benefit asset Other Allowance for doubtful accounts Total investments and other assets Total noncurrent assets Current assets Cash and deposits Notes and accounts receivable and contract assets Securities Inventories Other Allowance for doubtful accounts Total current assets Total assets	53,986 143,063 28,197 52,098 21,469	52,003 139,422 27,492 52,032 21,038
   	298,815	291,988
   	16,628	16,786
   	16,628	16,786
   	170,019 49,111 36,539 -73	188,700 49,799 37,425 -73
   	255,596	275,852
   	571,040	584,627
   	46,749 84,610 -28,248 28,956 -839	28,326 67,720 22,000 27,948 31,037 -841
   	187,725	176,191
   	758,765	760,818

   (Unit: million yen)

   	As of March 31, 2025	As of September 30, 2025
   Liabilities Noncurrent liabilities Bonds payable Long-term loans payable Provision for gas holder repairs Reserve for safety measures Provision for gas appliance warranties Net defined benefit liability Other Total noncurrent liabilities Current liabilities Current portion of noncurrent liabilities Notes and accounts payable-trade Short-term loans payable Income taxes payable Other Total current liabilities Total liabilities Net assets Shareholders' equity Capital stock Capital surplus Retained earnings Treasury stock Total shareholders' equity Other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans Total other comprehensive income Total net assets Total liabilities and net assets	87,500 43,722 688 21,699 1,947 6,194 28,326	87,500 40,412 717 20,333 1,778 6,259 32,448
   	190,077	189,450
   	22,166 38,563 2,100 7,886 49,576	24,367 36,980 1,800 10,642 40,834
   	120,293	114,625
   	310,370	304,075
   	33,072 8,387 306,042 -2,470	33,072 8,389 322,374 -17,377
   	345,032	346,460
   	61,706 5,564 14,559 21,531	73,588 5,239 11,010 20,445
   	103,362	110,283
   	448,394	456,743
   	758,765	760,818

2. Consolidated statements of income and comprehensive income, Consolidated statements of income for the Six Months

(Unit: million yen)

(Unit: million yen)