Tokyo Gas Co., Ltd.

9531

JP3573000001

Natural Gas Utilities

Market Closed - Japan Exchange Other stock markets 07:00:00 17/06/2024 BST			5-day change	1st Jan Change
3,548 ^JPY	+0.40%		+1.90%	+9.57%

06-11	Macquarie's Eku Energy Plans Energy Storage Capacity Expansion to 9 Gigawatt Hours by 2028	MT
06-11	Eku Energy aims to expand its global battery storage to 9 GWh by 2028	RE

Tokyo Gas Co.,Ltd. agreed to acquire 20% stake in FGEN LNG Corporation from First Gen LNG Holdings Corporation.

May 21, 2024

Tokyo Gas Co.,Ltd. (TSE:9531) agreed to acquire 20% stake in FGEN LNG Corporation from First Gen LNG Holdings Corporation on May 21, 2024. The deal is subject to government approvals. Mike Graffagna of Morrison & Foerster LLP (Japan) and Per Lindberg of Morrison & Foerster (Singapore) LLP acted as the legal advisor to Tokyo Gas Co.,Ltd. (TSE:9531).

Latest news about Tokyo Gas Co., Ltd.

Macquarie's Eku Energy Plans Energy Storage Capacity Expansion to 9 Gigawatt Hours by 2028	06-11	MT
Eku Energy aims to expand its global battery storage to 9 GWh by 2028	06-11	RE
Japan, EU agree to work on creating hydrogen demand and supply	06-03	RE
Tokyo Gas seeks more US natural gas assets, president says	06-03	RE
Tokyo Gas Co.,Ltd. agreed to acquire 20% stake in FGEN LNG Corporation from First Gen LNG Holdings Corporation.	05-21	CI
Tokyo Gas Co.,Ltd. acquired unknown majority stake in Furuko Holdings Co., Ltd.	05-14	CI
For Japan Inc, the weak yen may be too much of a good thing	05-01	RE
Nikkei says Soros Fund Among Investors In Japan Electricity Exchange Startup	04-25	RE
Tech Issues Roil Asian Stocks	04-25	MT
Tokyo Gas Co.,Ltd. announces an Equity Buyback for 17,000,000 shares, representing 4.25% for ¥40,000 million.	04-25	CI
Tokyo Gas Co.,Ltd. authorizes a Buyback Plan.	04-24	CI
Japan Gas Association expects LNG prices to rise, tracking oil, if Strait of Hormuz blocked	04-24	RE
Japan's Nikkei rises but caution before US earnings caps gains	04-23	RE
Renova Completes 17.8 Billion Yen Share Allotment to Tokyo Gas	04-18	MT
RENOVA, Inc. announced that it has received ¥17.8164 billion in funding from Tokyo Gas Co.,Ltd.	04-16	CI
Japan to collaborate with US on cutting floating offshore wind costs	04-11	RE
Credit Outlook, Tech Sector, Inflation Roil Asian Stock Markets	04-10	MT
Japan's Nikkei falls on caution ahead of US inflation data	04-10	RE
Japan's Nikkei slips on caution ahead of US inflation data	04-10	RE
Renova Business Forms Capital, Business Alliance With Tokyo Gas	04-02	MT
Japan's Mitsubishi invests in EIG's LNG company MidOcean Energy	04-02	RE
Renova Shares Jump After News That Tokyo Gas Plans to Acquire Stake	04-02	DJ
Renova to issue new shares worth $117.6 mln to Tokyo Gas	04-01	RE
RENOVA, Inc. announced that it expects to receive ¥17.8164 billion in funding from Tokyo Gas Co.,Ltd.	03-31	CI
Mitsubishi Teams Up with Engie and Others For Global e-NG Coalition	03-20	MT

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Company Profile

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

Sector

Natural Gas Utilities

Calendar

23/07/2024 - Q1 2024 Earnings Release (Projected)

Related indices

Nikkei 225

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Ratings for Tokyo Gas Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

3,534 JPY

Average target price

3,400 JPY

Spread / Average Target

-3.79%

Consensus

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Sector Other Natural Gas Utilities

	1st Jan change	Capi.
TOKYO GAS CO., LTD.	+9.57%	8.91B
ATMOS ENERGY CORPORATION	+0.74%	17.52B
GAIL INDIA LIMITED	+36.85%	17.46B
ADANI TOTAL GAS LIMITED	-4.20%	12.46B
OSAKA GAS COMPANY., LTD.	+19.35%	9.2B
PETRONAS GAS	+1.49%	7.41B
APA GROUP	-2.46%	7.09B
ALTAGAS LTD.	+7.44%	6.57B
CHINA GAS HOLDINGS LIMITED	-4.54%	5.18B
NATIONAL FUEL GAS COMPANY	+7.43%	5B

Other Natural Gas Utilities

Tokyo Gas Co., Ltd.

Equities

9531

JP3573000001

Natural Gas Utilities

Tokyo Gas Co.,Ltd. agreed to acquire 20% stake in FGEN LNG Corporation from First Gen LNG Holdings Corporation.

EPS Revisions