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Tokyo Gas (9531) · InitiativeRestated

GPS×G: Integrated Energy and Global Expansion

First written in FY2019. 6 of 11 entries say "Restated". Latest entry: FY2026.

11entries
8years
1from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseFirst statedFY2019 – FY2020-Q3ReframedFY2020RestatedFY2022RestatedFY2024-Q1 – FY2025-H12019: 120192020: 220202021: 020212022: 120222023: 220232024: 220242025: 120252026: 22026
Same theme, other companies
Expansion into New Business Areas Based on Energy SupplyA theme 25 companies write about · 0 as a headwind · 32 as a tailwind

Tokyo Gas moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).

The whole theme swung hardest in 2024: 2 of 18 companies on the "Worse" side.

10 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 25 companies compared. The sentences above are computed from all 25.
Full recordFilings, disclosures and news, newest first
  1. FY2026RestatedAnnual report

    「We will focus on growing 3 businesses—energy, solutions and overseas operations—by combining the strengths of our Group: our customer base, energy assets and operational capabilities.」

    While carrying forward the previous plans, the 2026–2028 Medium-Term Management Plan places energy, solutions and overseas operations at the center of growth.
  2. 2026-05-26ReframedGeneral Meetings of Shareholders

    「We will focus on growing our three businesses—Energy, Solutions and Overseas—by combining the strengths of our Group: our customer base, energy assets and operational capabilities. As the social implementation of generative AI and other digital technologies accelerates, we will actively use AI and digital technologies to pursue a broad range of initiatives, from strengthening customer touchpoints to enhancing market competitiveness. In addition, to ensure rigorous business portfolio management, we will introduce segment-level ROIC management and seek further growth by improving the profitability of each business while optimizing resource allocation.」

    The company identified Energy, Solutions and Overseas as its growth pillars and outlined operations incorporating the use of AI and digital technologies and segment-level ROIC management.
  3. FY2026-H1ReframedAnnual report

    「Based on the Tokyo Gas Group Medium-Term Management Plan for Fiscal 2026–2028 announced on 29 October 2025, we will achieve sustainable growth and enhance corporate value by strengthening business portfolio management while maintaining a sound financial position and investing for growth.」

    Following GPS2020 and the 2020–2022 and 2023–2025 plans, the company has shifted the focus of its plan to the 2026–2028 Medium-Term Management Plan.
  4. FY2025-H1RestatedAnnual report

    「Based on the Tokyo Gas Group Medium-Term Management Plan for Fiscal 2023–2025 announced on 22 February 2023, we will achieve sustainable growth and enhance corporate value by strengthening business portfolio management while maintaining a sound financial position and investing for growth.」

    Under the 2023–2025 Medium-Term Management Plan, which followed GPS2020 and the 2020–2022 Medium-Term Management Plan, the company continues to balance business portfolio management, financial soundness and growth investments.
  5. FY2024RestatedAnnual report

    「Based on the Tokyo Gas Group Medium-Term Management Plan for Fiscal 2023–2025 announced on 22 February 2023, we will achieve sustainable growth and enhance corporate value by strengthening business portfolio management while maintaining a sound financial position and investing for growth.」

    The company continues its policy of balancing business portfolio management, financial soundness and growth investments under the 2023–2025 Medium-Term Management Plan.
  6. FY2024-Q1RestatedAnnual report

    「Based on the Tokyo Gas Group Medium-Term Management Plan for Fiscal 2023–2025 announced on 22 February 2023, we will achieve sustainable growth and enhance corporate value by strengthening business portfolio management while maintaining a sound financial position and investing for growth.」

    The company continues to combine business portfolio management, financial soundness and growth investments under the 2023–2025 Medium-Term Management Plan.
  7. FY2023ReframedAnnual report

    「Based on the Tokyo Gas Group Medium-Term Management Plan for Fiscal 2023–2025 announced on 22 February 2023, we will achieve sustainable growth and enhance corporate value by strengthening business portfolio management while maintaining a sound financial position and investing for growth.」

    The plan has been restructured from GPS2020 and the 2020–2022 Medium-Term Management Plan into Compass Transformation 23–25, centered on business portfolio management, financial soundness and growth investments.
  8. FY2022RestatedAnnual report

    「For fiscal 2022, the final year of the Tokyo Gas Group 2020–2022 Medium-Term Management Plan, segment profit is projected at ¥143.5 billion against the target of ¥140 billion.」

    The company projects segment profit above the target for the final year of the 2020–2022 Medium-Term Management Plan.
  9. FY2020ReframedAnnual report

    「Under the Tokyo Gas Group 2020–2022 Medium-Term Management Plan, the company aims to achieve segment profit of ¥140 billion in fiscal 2022 by expanding the number of customer accounts in Japan (the total number of gas, electricity and service contracts), improving profitability through cost reforms centered on the gas business, and simultaneously making growth investments in overseas operations, real estate and energy services for the future, even amid the intense competitive environment following liberalization.」

    The plan has been restructured from GPS2020 into the 2020–2022 Medium-Term Management Plan, combining customer-base expansion, cost reforms and growth investments.
  10. FY2020-Q3RestatedAnnual report

    「In the fiscal year under review, as the culmination of the Challenge 2020 Vision toward 2020, the Tokyo Gas Group advanced initiatives based on its 2018–20 Group Management Plan, GPS2020,」

    Initiatives based on GPS2020 continued as the culmination of the Challenge 2020 Vision.
  11. FY2019First statedAnnual report

    「In October 2017, Tokyo Gas Group formulated its 2018–20 Group Management Plan, GPS2020. The plan combines gas (Gas) and electricity (Power) with services tailored to customer needs (Service), delivering them to customers in Japan and overseas through various means (Global), represented by GPS×G.」

    GPS×G, which delivers gas, electricity and services to customers in Japan and overseas, is identified as the core initiative of GPS2020.
Moved together

"Shareholder distributions targeting a total payout ratio of around 60% through fiscal 2020" moved the same way as this thread, in the same document, in 3 of its 11 moves.

333222★123456
  1. ★This thread
  2. 1Shareholder distributions targeting a total payout ratio of around 60% through fiscal 20203×
  3. 2Sustainable Growth and Enhancement of Corporate Value Based on the Challenge 2020 Vision3×
  4. 3Targets of approximately 4% ROA and 8% ROE for fiscal 20203×
  5. 4Growth investment to enhance the LNG value chain2×
  6. 5Risk of fluctuations in LNG procurement prices, foreign exchange rates and crude oil prices2×
  7. 6Decline in City Gas Sales Volumes Due to Fewer Supply Customers Served by Other Operators2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Tokyo Gas's next results are scheduled for 2026-10-29. Read the earnings preview It last moved in the General Meetings of Shareholders of 2026-05-26: "Reframed".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
GPS×G: Integrated Energy and Global Expansion | TOKYO GAS CO.,LTD. (9531) | Komori