Tokyo Gas Co., Ltd. (9531.T) stock analysis

In our weekly check, Tokyo Gas Co., Ltd. is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 15 pass, warnings: 7, red flags: 2.

About Tokyo Gas Co., Ltd.

Tokyo Gas Co., Ltd. is an Utilities company (Regulated Gas) based in Japan, listed on JPX as 9531.T.

What our checks show for 9531.T

Red flags

• Revenue fell 4.5% a year over the last 3 years.
• Recovering from its deepest fall took about 3.7 years.

Warning signs

• Analysts expect only about 2.5% a year of growth in revenue.
• Analysts expect the net margin to shrink by 1 points from today's 5.6%.
• Earnings per share fell 9.7% a year over the last 3 years.
• Net profit fell 17% a year over the last 3 years.
• The net margin is only 5.6%: little room if costs rise.
• The stock has fallen as much as 55% from a peak. Would you have held through that?
• Return on capital (ROCE) is only 5.9%.

Strengths

• Operating profit covers interest 11.6 times over.
• The net margin rose by 1.2 points over 5 years, to 5.6%.
• Operating cash flow is 2.81x net profit: the profit arrives as real cash.
• Free cash flow is 10.2% of revenue: cash for dividends, buybacks or growth.
• A large company: market value $13.13 billion.
• Beta -0.15: the stock usually moves less than the market.

Next earnings report: 2026-10-29

Similar companies

9532.T · 9502.T · POWERGRID.NS · NTPC.BO · 9503.T · ADANIPOWER.NS

Questions

What grade does Tokyo Gas Co., Ltd. (9531.T) have?

In our weekly check, Tokyo Gas Co., Ltd. is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 15 pass, warnings: 7, red flags: 2. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 9531.T stock?

This week's biggest flags for Tokyo Gas Co., Ltd.: Weak revenue growth, Slow recovery after falls, Weak revenue forecast. In total 9 of 24 checks show a warning or a red flag.

What does Tokyo Gas Co., Ltd. do?

Tokyo Gas Co., Ltd. is an Utilities company (Regulated Gas) based in Japan, listed on JPX as 9531.T.

When does Tokyo Gas Co., Ltd. report earnings next?

The next earnings report is expected on 2026-10-29. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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