Komori
Tokyo Gas (9531) · TargetRestated

D/E ratio of approximately 0.8x in each fiscal year through fiscal 2020

First written in FY2017-Q1. 22 of 27 entries say "Restated". Latest entry: FY2026.

27entries
11years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseRestatedFY2018-Q3 – FY2020-Q3RestatedFY2021-Q1 – FY2023-Q3RestatedFY2024-Q1 – FY2025-H12016: 220162017: 320172018: 320182019: 420192020: 420202021: 320212022: 120222023: 320232024: 220242025: 120252026: 12026
Same theme, other companies
Maintaining Financial Soundness Through Net Debt/EBITDA Ratio ManagementA theme 20 companies write about · 0 as a headwind · 17 as a tailwind

The whole theme swung hardest in 2024: 3 of 14 companies on the "Worse" side.

0 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 20 companies compared. The sentences above are computed from all 20.
Full recordFilings, disclosures and news, newest first
  1. FY2026RestatedAnnual report

    「Specifically, it will use the D/E ratio (debt-to-equity ratio) as a financial discipline and manage its finances with 0.9x as a benchmark through FY2028.」

    The company continues to use a D/E ratio of 0.9x as a benchmark for financial management through FY2028. The actual D/E ratio at the end of FY2025 was 0.74, or 0.70 after taking hybrid financing into account.
  2. FY2026-H1ReframedAnnual report

    「The company will maintain its current funding capacity and ensure financial soundness while working to achieve an optimal capital structure with awareness of the cost of capital. Specifically, it will use the D/E ratio (debt-to-equity ratio) as a financial discipline and manage its finances with 0.9x as a benchmark through FY2028.」

    While maintaining the D/E ratio at 0.9x, the company changed its position from a FY2025 target to a benchmark for financial management through FY2028.
  3. FY2025-H1RestatedAnnual report

    「The company will maintain its current funding capacity and ensure financial soundness while working to achieve an optimal capital structure with awareness of the cost of capital. Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator, set a FY2025 target of approximately 0.9x, and will work to achieve it.」

    The company continues to target a FY2025 D/E ratio of approximately 0.9x and its policy of ensuring financial soundness with awareness of the cost of capital.
  4. FY2024RestatedAnnual report

    「Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator, set a FY2025 target of approximately 0.9x, and will work to achieve it.」

    The company continues to target a FY2025 D/E ratio of approximately 0.9x. The FY2023 result was 0.85, or 0.81 after taking hybrid financing into account.
  5. FY2024-Q1RestatedAnnual report

    「The company will maintain its current funding capacity and ensure financial soundness while working to achieve an optimal capital structure with awareness of the cost of capital. Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator, set a FY2025 target of approximately 0.9x, and will work to achieve it.」

    The company continues to target a FY2025 D/E ratio of approximately 0.9x and its policy of ensuring financial soundness with awareness of the cost of capital.
  6. FY2023ReframedAnnual report

    「Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator, set a FY2025 target of approximately 0.9x, and will work to achieve it.」

    While maintaining the D/E ratio target at approximately 0.9x, the company changed the target year from FY2022 to FY2025.
  7. FY2023-Q3RestatedAnnual report

    「Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator and set a target of approximately 0.9x each year through FY2022.」

    The company continues to target financial soundness of approximately 0.9x D/E each year through FY2022.
  8. FY2022RestatedAnnual report

    「D/E ratio 0.99 approximately 0.9x」

    The company continues to target a D/E ratio of approximately 0.9x each year through FY2022. The FY2021 result was 0.99.
  9. FY2022-Q2RestatedAnnual report

    「Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator and set a target of approximately 0.9x each year through FY2022.」

    The company continues to target financial soundness of approximately 0.9x D/E each year through FY2022.
  10. FY2021RestatedAnnual report

    「FY2020 results | FY2022 (medium-term management plan) | D/E ratio | 0.92 | approximately 0.9x」

    The company continues to target a D/E ratio of approximately 0.9x each year through FY2022 and disclosed a FY2020 result of 0.92.
  11. FY2021-Q3RestatedAnnual report

    「Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator and set a target of approximately 0.9x each year through FY2022.」

    The company continues to target financial soundness of approximately 0.9x D/E each year through FY2022.
  12. FY2021-Q2RestatedAnnual report

    「Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator and set a target of approximately 0.9x each year through FY2022.」

    The company continues to target financial soundness of approximately 0.9x D/E each year through FY2022.
  13. FY2021-Q1RestatedAnnual report

    「Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator and set a target of approximately 0.9x each year through FY2022.」

    The company continues to target financial soundness of approximately 0.9x D/E each year through FY2022.
  14. FY2020RaisedAnnual report

    「Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator and set a target of approximately 0.9x each year through FY2022.」

    The company changed the target period to extend through FY2022 and changed the annual target from approximately 0.8x to approximately 0.9x.
  15. FY2020-Q3RestatedAnnual report

    「Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator and set a target of approximately 0.8x each year through FY2020.」

    The company continues to target a D/E ratio of approximately 0.8x each year through FY2020. The D/E ratio for FY2020 under GPS2020 is assumed to be approximately 0.9x.
  16. FY2020-Q2RestatedAnnual report

    「Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator and set a target of approximately 0.8x each year through FY2020.」

    The company continues to target a D/E ratio of approximately 0.8x each year through FY2020. The D/E ratio for FY2020 under GPS2020 is assumed to be approximately 0.9x.
  17. FY2020-Q1RestatedAnnual report

    「Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator and set a target of approximately 0.8x each year through FY2020.」

    The company continues to target a D/E ratio of approximately 0.8x each year through FY2020. The D/E ratio for FY2020 under GPS2020 is assumed to be approximately 0.9x.
  18. FY2019RestatedAnnual report

    「Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator and set a target of approximately 0.8x each year through FY2020.」

    The company continues its D/E ratio target. The FY2018 result was 0.69, while the FY2020 assumption under GPS2020 is approximately 0.9x.
  19. FY2019-Q3RestatedAnnual report

    「Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator and set a target of approximately 0.8x each year through FY2020.」

    The company continues to target a D/E ratio of approximately 0.8x each year through FY2020. The FY2020 assumption of approximately 0.9x under GPS2020 is also shown.
  20. FY2019-Q2RestatedAnnual report

    「Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator and set a target of approximately 0.8x each year through FY2020.」

    The company continues to target a D/E ratio of approximately 0.8x each year through FY2020. The FY2020 assumption of approximately 0.9x under GPS2020 is also shown.
  21. FY2019-Q1RestatedAnnual report

    「Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator and set a target of approximately 0.8x each year through FY2020. (Note) The Tokyo Gas Group 2018–20 Management Plan GPS2020, announced on 5 October 2017, assumes a D/E ratio of approximately 0.9x for FY2020.」

    The previous target of approximately 0.8x each year and the FY2020 assumption of approximately 0.9x under GPS2020 are both shown.
  22. FY2018-Q3RestatedAnnual report

    「Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator and set a target of approximately 0.8x each year through FY2020. (Note) The Tokyo Gas Group 2018–20 Management Plan GPS2020, announced on 5 October 2017, sets the D/E ratio target for FY2020 at approximately 0.9x.」

    The previous target of approximately 0.8x each year and the FY2020 target of approximately 0.9x under GPS2020 are both shown, but no change from the previous quarter is indicated.
  23. FY2018-Q2RaisedAnnual report

    「The Tokyo Gas Group 2018–20 Management Plan GPS2020, announced on 5 October 2017, sets the D/E ratio target for FY2020 at approximately 0.9x.」

    Against the previous target of approximately 0.8x each year through FY2020, the newly announced GPS2020 sets the FY2020 target at approximately 0.9x.
  24. FY2018-Q1RestatedAnnual report

    「Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator and set a target of approximately 0.8x each year through FY2020.」

    The company continues to target a D/E ratio of approximately 0.8x each year through FY2020.
  25. FY2017-Q3RestatedAnnual report

    「Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator and set a target of approximately 0.8x each year through FY2020.」

    The company continues to target a D/E ratio of approximately 0.8x each year through FY2020.
  26. FY2017-Q2RestatedAnnual report

    「Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator and set a target of approximately 0.8x each year through FY2020.」

    The company continues to target a D/E ratio of approximately 0.8x each year through FY2020.
  27. FY2017-Q1First statedAnnual report

    「The company will maintain its current funding capacity and ensure financial soundness while working to achieve an optimal capital structure with awareness of the cost of capital. Specifically, it has designated the D/E ratio (debt-to-equity ratio) as a key management indicator and set a target of approximately 0.8x each year through FY2020.」

    The company manages its funding capacity, financial soundness and capital structure, and has set annual D/E ratio targets of approximately 0.8x through FY2020.
Moved together

"Next-Generation Energy Systems and Three Challenges under Compass2030" moved the same way as this thread, in the same document, in 2 of its 27 moves.

222222★123456
  1. ★This thread
  2. 1Next-Generation Energy Systems and Three Challenges under Compass20302×
  3. 2Shareholder distributions targeting a total payout ratio of around 60% through fiscal 20202×
  4. 3Sustainable Growth and Enhancement of Corporate Value Based on the Challenge 2020 Vision2×
  5. 4Targets of approximately 4% ROA and 8% ROE for fiscal 20202×
  6. 5GPS×G: Integrated Energy and Global Expansion2×
  7. 6Diversification of LNG Procurement Sources and Flexible Vessel Deployment2×

★ 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
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.