Tōkyō Gas (9531) Stock Price, Fundamentals & Analysis

What 9531 does

Tōkyō Gas (9531) is a Japanese utility listed on the Tokyo Stock Exchange, headquartered in Tokyo and employing around 16,001 people. The company produces, supplies, and sells city gas and LNG in Japan, and also generates and sells electricity. It operates through four segments — Energy Solutions, Network, Overseas, and Urban development — covering engineering and energy services, gas appliances, gas construction, city gas transmission, and trading. Beyond its core energy business, it is involved in overseas resource development and investment, energy supply, real estate development, and the leasing and management of land and buildings. It sits in the Utilities sector, in the regulated gas industry, alongside peers such as Osaka Gas (9532), Tokyo Electric Power (9501), and Chubu Electric Power (9502).

Key numbers explained

• Price of 6,226 JPY, up +0.96% today, within a 52-week range of 5,000 – 7,967 — the stock has gained 17% over the past year.
• Market capitalisation of 2.03T JPY — the total market value of all shares, a common way to size a company.
• Trailing P/E ratio of 9.5 — the share price equals about 9.5 years of current earnings; the forward P/E of 23 reflects expected earnings instead.
• Earnings per share of 654.98 JPY over the trailing twelve months.
• Dividend yield of 1.93%, with 17% of earnings paid out as dividends — a modest payout ratio that leaves most earnings retained.
• Profit margin of 5.6% and operating margin of 8.2% on revenue of 2.86T JPY, which grew 4% year over year.
• Return on equity of 9.6% and a price-to-book ratio of 1.19 — the market values the company slightly above the accounting value of its net assets.
• A beta of -0.15 suggests the share price has historically moved independently of, and even slightly opposite to, the broader market.

What to watch

As a regulated gas utility, Tōkyō Gas (9531) is typically sensitive to energy prices, regulatory decisions on tariffs, and seasonal demand for gas and electricity. Its diversified activities — overseas investments and real estate among them — mean results can also reflect conditions outside the domestic utility business. The next earnings date is Oct 29, 2026, and the ex-dividend date is Sep 29, 2026. Investors often compare it with other Japanese utilities such as The Kansai Electric Power Co. (9503) or follow the broader Nikkei 225 for market context.