Announced the financial results for the third quarter ended December 2025[PDF : 261KB]

January 30, 2026

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

Commencement of dividend payments: -

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 Nine Months Ended December 31, 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)	(ï¼…)	(Unit: million yen)	(ï¼…)	(Unit: million yen)	(ï¼…)	(Unit: million yen)	(ï¼…)
      April 1	– December 31, 2025	465,407	1.0	25,819	18.4	29,903	7.9	24,057	9.1
      April 1	– December 31, 2024	460,602	2.5	21,806	-23.3	27,703	-16.6	22,043	-13.5

      Note: Comprehensive income 3rd Quarter ended December 2025: ¥42,611 million (164.1%), 3rd Quarter ended December 2024: ¥16,132 million (-60.8%)

      		Net income per share	Diluted earnings per share
      		(Unit: yen)	(Unit: yen)
      April 1	– December 31, 2025	254.17	-
      April 1	– December 31, 2024	216.06	-

   2. Consolidated financial position

   	Total assets	Net assets	Equity ratio
   3rd Quarter ended December 2025 FY2024 ended March 2025	(Unit: million yen) 776,974 758,765	(Unit: million yen) 461,454 448,394	(ï¼…) 59.4 59.1

   Reference: Net assets (excluding minority interests)

   3rd Quarter ended December 2025: ¥461,454 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: None

3. Consolidated Results Forecasts 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) (ï¼…) 630,000 -4.0	(Unit: million yen) (ï¼…) 27,000 -12.6	(Unit: million yen) (ï¼…) 33,000 1.8	(Unit: million yen) (ï¼…) 27,000 6.1	(Unit: yen) 292.24

   Notes: Revision of previously announced forecasts during this period: None

   ※Notes

   1. Changes in significant consolidated subsidiaries: None

   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 7.

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

      • Changes accompanied by reform of accounting standards: None

      • Other changes: None

      • Changes in accounting estimates: None

      • Retrospective restatements: None

   4. Number of outstanding shares (common stock)

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

* Review of the attached quarterly consolidated financial statements by a certified public accountant or an audit firm: None

* 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 December 31, 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 Inventories Other Allowance for doubtful accounts Total current assets Total assets	53,986 143,063 28,197 52,098 21,469	51,122 140,158 26,758 52,877 19,086
   	298,815	290,002
   	16,628	17,316
   	16,628	17,316
   	170,019 49,111 36,539 -73	205,271 50,040 37,651 -73
   	255,596	292,890
   	571,040	600,209
   	46,749 84,610 28,248 28,956 -839	30,585 81,318 31,989 33,726 -854
   	187,725	176,764
   	758,765	776,974

   (Unit: million yen)

   	As of March 31, 2025	As of December 31, 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	97,500 40,363 732 19,515 1,737 6,362 35,310
   	190,077	201,521
   	22,166 38,563 2,100 7,886 49,576	24,982 37,708 1,800 7,196 42,310
   	120,293	113,998
   	310,370	315,519
   	33,072 8,387 306,042 -2,470	33,072 8,389 321,517 -25,134
   	345,032	337,845
   	61,706 5,564 14,559 21,531	81,325 9,562 12,820 19,900
   	103,362	123,609
   	448,394	461,454
   	758,765	776,974

2. Consolidated statements of income and comprehensive income Consolidated statements of income for the Nine Months

(Unit: million yen)