Announcement of financial results for the year ended March 2026[PDF : 543KB]

April 30, 2026

Code No.: 9533 (URL https://www.tohogas.co.jp/) Representative: Satoshi Yamazaki, Representative Director, President Contact: Shota Itakura, General Manager of Finance Dept.

Tel: +81-52-872-9341

Date of regular general meeting of stockholders: June 25, 2026 Date of submission of financial report: June 23, 2026

Earnings supplementary explanatory documents: Yes

Earnings presentation: Yes (for institutional investors)

Shares listed on:

Tokyo Stock Exchange, Nagoya Stock Exchange Commencement of dividends payments: June 26, 2026

(Rounded down to the nearest million yen)

1. Consolidated Results for FY2025 (April 1, 2025 - March 31, 2026)

   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)	(％)
      FY2025 ended March 2026	651,085	-0.8	31,784	2.9	37,879	16.9	31,449	23.6
      FY2024 ended March 2025	656,010	3.6	30,887	-8.1	32,412	-20.6	25,454	-6.8

      Note: Comprehensive income FY2025 ended March 2026: ¥66,678 million (158.0%) FY2024 ended March 2025: ¥25,847 million (-57.4%)

      	Net income per share	Diluted income per share	Return on equity (Net income)	Return on assets (Ordinary income)	Operating income ratio
      	(Unit: yen)	(Unit: yen)	(％)	(％)	(％)
      FY2025 ended March 2026	83.76	-	6.8	4.8	4.9
      FY2024 ended March 2025	62.95	-	5.6	4.3	4.7

      Reference: Share of profit or loss of entities accounted for using equity method FY2025 ended March 2026: ¥308 million

      FY2024 ended March 2025: ¥-5,737 million

      Note: The Company has conducted a four-for-one stock split of its common shares as of April 1, 2026. We have calculated the “Net income per share” based on the assumption that the stock split was commenced at the beginning of the previous fiscal year.

   2. Consolidated financial position

      	Total assets	Net assets	Equity ratio	Book-value per share
      FY2025 ended March 2026 FY2024 ended March 2025	(Unit: million yen) 809,459 758,765	(Unit: million yen) 477,519 448,394	(％) 59.0 59.1	(Unit: yen) 1,311.98 1,148.60

      Reference: Net assets (excluding minority interests) FY2025 ended March 2026: ¥477,519 million FY2024 ended March 2025: ¥448,394 million Note: The Company has conducted a four-for-one stock split of its common shares as of April 1, 2026. We have calculated the “Book-value per share” based on the assumption that the stock split was commenced at the beginning of the previous fiscal year.

   3. Consolidated cash flow

   	Net cash provided by (used in) operating activities	Net cash provided by (used in) investment activities	Net cash provided by (used in) financing activities	Balance of cash and cash equivalents as of end of term
   FY2025 ended March 2026 FY2024 ended March 2025	(Unit: million yen) 65,607 83,096	(Unit: million yen) -41,777 -45,165	(Unit: million yen) -26,751 -18,769	(Unit: million yen) 42,988 45,079

2. Dividend

   	Dividend per share					Total dividend (Annual)	Dividend payout ratio (Consolidated)	Dividend rate for net assets (Consolidated)
   	End of 1st quarter	End of 2nd quarter	End of 3rd quarter	End of 4th quarter	Annual
   FY2024 ended March 2025 FY2025 ended March 2026	(Unit: yen) - -	(Unit: yen) 40.00 45.00	(Unit: yen) - -	(Unit: yen) 40.00 45.00	(Unit: yen) 80.00 90.00	(Unit: million yen) 7,963 8,327	(％) 31.3 26.5	(％) 1.8 1.8
   FY2026 ending March 2027 (forecast)	-	11.25	-	11.25	22.50		35.6

   Note: The Company has conducted a four-for-one stock split of its common shares as of April 1, 2026. The actual dividend amounts for FY2024 and FY2025 are stated on a pre-split basis, while the dividend forecast for FY2026 is stated on a post-split basis.

3. Consolidated Results Forecasts for FY2026 (April 1, 2026 - March 31, 2027)

   (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) (％) 670,000 2.9	(Unit: million yen) (％) 19,000 -40.2	(Unit: million yen) (％) 25,000 -34.0	(Unit: million yen) (％) 23,000 -26.9	(Unit: yen) 63.19

   Note: The Company has conducted a four-for-one stock split of its common shares as of April 1, 2026. The forecast for “Net income per share” for FY2026 takes the impact of this stock split into account.

   ※Notes

   1. Changes in significant consolidated subsidiaries: No

   2. 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

        FY2025 ended March 2026	366,267,140 shares	FY2024 ended March 2025	392,880,340 shares
        FY2025 ended March 2026	2,298,620 shares	FY2024 ended March 2025	2,496,968 shares
        FY2025 ended March 2026	375,482,565 shares	FY2024 ended March 2025	404,385,234 shares

   3. 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

Note: The Company has conducted a four-for-one stock split of its common shares as of April 1, 2026. We have calculated the “Number of outstanding shares at the end of the term”, “Number of treasury stock at the end of the term” and “Average number of outstanding shares during the term” based on the assumption that the stock split was commenced at the beginning of the previous fiscal year.

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

   	Net sales		Operating income		Ordinary income		Net income
   	(Unit: million yen)	(％)	(Unit: million yen)	(％)	(Unit: million yen)	(％)	(Unit: million yen)	(％)
   FY2025 ended March 2026	511,423	0.1	19,545	-0.9	29,661	-6.8	26,603	7.6
   FY2024 ended March 2025	510,732	2.7	19,725	-13.6	31,829	-4.5	24,714	4.0

   	Net income per share	Diluted income per share
   	(Unit: yen)	(Unit: yen)
   FY2025 ended March 2026	70.85	-
   FY2024 ended March 2025	61.12	-

   Note: The Company has conducted a four-for-one stock split of its common shares as of April 1, 2026. We have calculated the “Net income per share” based on the assumption that the stock split was commenced at the beginning of the previous fiscal year.

2. Financial position

Reference: Net assets FY2025 ended March 2026: ¥352,276 million FY2024 ended March 2025: ¥ 342,334 million

Note: The Company has conducted a four-for-one stock split of its common shares as of April 1, 2026 We have calculated the “Book-value per share” based on the assumption that the stock split was commenced at the beginning of the previous fiscal year.

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

Note: 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 March 31, 2026
   Assets Non-current 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 Long-term loans receivable Net defined benefit asset Deferred tax assets Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Current assets Cash and deposits Notes and accounts receivable - trade, and contract assets Lease receivables and investment assets Inventories Other Allowance for doubtful accounts Total current assets Total assets	53,986 143,063 28,197 52,098 21,469	51,266 140,018 26,636 55,139 23,590
   	298,815	296,650
   	16,628	17,632
   	16,628	17,632
   	170,019 14,418 49,111 2,790 19,330 -73	211,331 13,818 64,859 2,945 21,502 -142
   	255,596	314,314
   	571,040	628,597
   	46,749 84,610 17,473 28,248 11,483 -839	43,008 76,491 17,818 28,465 15,956 -879
   	187,725	180,861
   	758,765	809,459

   (Unit: million yen)

   	As of March 31, 2025	As of March 31, 2026
   Liabilities Non-current liabilities Bonds payable Long-term loans payable Deferred tax liabilities Provision for gas holder repairs Provision for safety measures Provision for gas appliance warranties Net defined benefit liability Other Total non-current liabilities Current liabilities Current portion of non-current 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 15,978 688 21,699 1,947 6,194 12,347	97,500 54,140 27,976 748 20,995 1,737 6,206 12,533
   	190,077	221,837
   	22,166 38,563 2,100 7,886 49,576	13,513 32,058 1,800 10,219 52,510
   	120,293	110,101
   	310,370	331,939
   	33,072 8,387 306,042 -2,470	33,072 8,387 298,342 -2,574
   	345,032	337,228
   	61,706 5,564 14,559 21,531	82,249 13,877 14,501 29,663
   	103,362	140,291
   	448,394	477,519
   	758,765	809,459

2. Consolidated statements of income and comprehensive income Consolidated statements of income

(Unit: million yen)

-