Tokyo Gas Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Announces Consolidated Earnings Guidance for the Year Ending March 31, 2017; Provides Non-Consolidated Earnings Guidance for the Year Ending March 31, 2017; Announces Dividend for the Second Quarter of Fiscal Year Ending March 31, 2017; Provides Dividend Guidance for the Year Ending March 31, 2017
January 31, 2017 at 07:24 am EST
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Tokyo Gas Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported net sales of ¥1,086,075 million against ¥1,339,907 a year ago. Operating income was ¥28,162 million against ¥128,412 million a year ago. Ordinary income was ¥25,574 million against ¥125,378 million a year ago. Profit before income taxes was ¥28,493 million against ¥106,184 million a year ago. Profit was ¥17,900 million against ¥79,736 million a year ago. Profit attributable to owners of parent was ¥17,441 million against ¥78,900 million a year ago. Net income per share was ¥7.54 against ¥32.87 per share a year ago.
For the second quarter of fiscal year ending March 31, 2017, the company announced dividend of ¥5.50 per share against ¥5.00 per share.
For the fourth quarter ending March 31, 2017, the company expects to pay dividend of ¥5.50 per share against ¥6.00 per share a year ago.
For the year ending March 31, 2017, the company expects net sales of ¥1,617,000, operating income of ¥53,000 million, ordinary income of ¥46,000 million, net income attributable to the parent company of ¥41,000 million or ¥71.76 per share.
For the year ending March 31, 2017 on non-consolidated basis, the company expects net sales of ¥1,423,000, operating income of ¥25,000 million, ordinary income of ¥32,000 million, net income of ¥60,000 million or ¥25.99 per share.
Tokyo Gas Co., Ltd. specializes in production and distribution of natural gas. Net sales break down by activity as follows:
- production and distribution of natural gas (56.9%): 13billion m3 gas distributed in 2019/20;
- electric power distribution (22.4%);
- valves and gas pipes installation services (16.6%);
- real estate leasing (1.2%);
- other (0.5%): energy services, power distribution, natural gas transportation, etc.
The remaining sales (2.4%) are from international activities
Tokyo Gas Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Announces Consolidated Earnings Guidance for the Year Ending March 31, 2017; Provides Non-Consolidated Earnings Guidance for the Year Ending March 31, 2017; Announces Dividend for the Second Quarter of Fiscal Year Ending March 31, 2017; Provides Dividend Guidance for the Year Ending March 31, 2017