Komori
Toho Gas (9533) · PolicyRaisedLatest Governance (2026-10-09): "Restated"

Stable Dividends as a Public Utility Operator

First written in FY2016. 22 of 32 entries say "Restated". Latest entry: 2026-10-09.

32entries
11years
5from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2019-Q3RestatedFY2020-Q1 – FY2022-Q3RestatedFY2023-Q2 – FY2024-Q2RaisedFY2025-H1 – 2026-05-152016: 320162017: 320172018: 220182019: 420192020: 420202021: 220212022: 420222023: 220232024: 120242025: 120252026: 62026
Same theme, other companies
Stable, Continuous Shareholder Returns and Dividend Increase PolicyA theme 1081 companies write about · 2 as a headwind · 1105 as a tailwind
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 193 companies compared. The sentences above are computed from all 193.Comparing 200 of the theme's 1104 threads.
Full recordFilings, disclosures and news, newest first
  1. 2026-10-09RestatedGovernance

    「中期経営計画の計画期間（2025～2027年度）において、利益成長とともに累進的な増配を目指します。」

    利益成長と連動した累進的な増配方針が再確認された。
  2. FY2026RaisedAnnual report

    「Regarding shareholder returns, during the period of the medium-term management plan, from fiscal 2025 through fiscal 2027, the Company aims to increase dividends progressively alongside earnings growth.」

    In addition to the previous policy centered on stable dividends, the Company explicitly stated its policy of pursuing progressive dividend increases linked to earnings growth during fiscal 2025 through fiscal 2027. The annual dividend for the fiscal year ending March 2026 is expected to be ¥90.
  4. FY2026-H1RaisedAnnual report

    「28 October 2025 Board of Directors Common shares Retained earnings 4,233 45.0 30 September 2025 28 November 2025」

    The interim dividend was approved at ¥45 per share, an increase of ¥5 from the previous year’s ¥40. The dividend level has been raised under the policy centered on stable dividends.
  5. FY2025-H1RaisedAnnual report

    「25 June 2024 Annual General Meeting of Shareholders Common shares Retained earnings 4,205 40.0 31 March 2024 26 June 2024 30 October 2024 Board of Directors Common shares Retained earnings 4,060 40.0 30 September 2024 29 November 2024」

    The dividend per share increased from ¥30 in the previous fiscal year to ¥40 for both the year-end dividend for the fiscal year ended March 2024 and the interim dividend for the fiscal year ending September 2024. The dividend level has been raised under the policy centered on stable dividends.
  6. FY2024-Q2RestatedAnnual report

    「Interim dividend for the 153rd fiscal year At a meeting of the Board of Directors held on 31 October 2023, the following resolution was passed. Total interim dividends ¥3,154 million Interim dividend per share ¥30」

    The interim dividend was approved at ¥30 per share, totaling ¥3.154 billion, maintaining the dividend level increased from the previous fiscal year.
  7. FY2024-Q1RestatedAnnual report

    「28 June 2023 Annual General Meeting of Shareholders Common shares Retained earnings 3,153 30.0 31 March 2023 29 June 2023」

    For the fiscal year ended March 2023, the Company paid a year-end dividend of ¥30 per share, totaling ¥3.153 billion, demonstrating a dividend payment consistent with the policy centered on stable dividends.
  8. FY2023-Q2RestatedAnnual report

    「Interim dividend for the 152nd fiscal year At a meeting of the Board of Directors held on 27 October 2022, the following resolution was passed. Total interim dividends ¥3,153 million Interim dividend per share ¥30 Effective date of dividend receivable right and dividend payment commencement date 30 November 2022」

    An interim dividend of ¥30 per share, totaling ¥3.153 billion, was approved, maintaining the higher level established by the previous year-end dividend increase.
  9. FY2023-Q1AdvancedAnnual report

    「29 June 2022 Annual General Meeting of Shareholders Common shares Retained earnings 3,153 30.0 31 March 2022 30 June 2022」

    For the fiscal year ended March 2022, total year-end dividends of ¥3.153 billion, or ¥30 per share, were paid. The dividend was increased from ¥27.5 per share in the previous fiscal year.
  10. FY2022RaisedAnnual report

    「The year-end dividend for the current fiscal year was increased by ¥2.50 from the previous year-end and set at ¥30 per share after comprehensively considering business performance and other factors. Including the interim dividend of ¥27.50, the full-year dividend was ¥57.50. As a result, the payout ratio was 44.2% and the dividend-on-equity ratio was 2.0%.」

    While maintaining its stable-dividend policy, the Company increased the annual dividend from ¥55 to ¥57.5, an increase of ¥2.5.
  11. FY2022-Q3RestatedAnnual report

    「Interim dividend for the 151st fiscal year At a meeting of the Board of Directors held on 29 October 2021, the following resolution was passed. Total interim dividends ¥2,904 million Interim dividend per share ¥27.5 Effective date of dividend receivable right and dividend payment commencement date 30 November 2021」

    In line with the policy centered on stable dividends, an interim dividend of ¥27.5 per share, totaling ¥2.904 billion, was paid.
  12. FY2022-Q2RestatedAnnual report

    「Interim dividend for the 151st fiscal year At a meeting of the Board of Directors held on 29 October 2021, the following resolution was passed. Total interim dividends ¥2,904 million Interim dividend per share ¥27.5」

    In line with the policy centered on stable dividends, an interim dividend of ¥27.5 per share, totaling ¥2.904 billion, was approved.
  13. FY2022-Q1RestatedAnnual report

    「28 June 2021 Annual General Meeting of Shareholders Common shares Retained earnings 2,903 27.5 31 March 2021 29 June 2021」

    For the fiscal year ended March 2021, total dividends of ¥2.903 billion, or ¥27.5 per share, were paid, continuing the policy centered on stable dividends.
  14. FY2021-Q2RestatedAnnual report

    「Interim dividend for the 150th fiscal year At a meeting of the Board of Directors held on 29 October 2020, the following resolution was passed. Total interim dividends ¥2,904 million Interim dividend per share ¥27.5」

    In line with the policy centered on stable dividends, an interim dividend totaling ¥2.904 billion, or ¥27.5 per share, was approved.
  15. FY2021-Q1RestatedAnnual report

    「24 June 2020 Annual General Meeting of Shareholders Common shares Retained earnings 2,904 27.5 31 March 2020 25 June 2020」

    For the fiscal year ended March 2020, total dividends of ¥2.904 billion, or ¥27.5 per share, were paid, continuing the policy centered on stable dividends.
  16. FY2020RestatedAnnual report

    「The year-end dividend for the current fiscal year was set at ¥27.50 per share after comprehensively considering business performance and other factors. Including the interim dividend of ¥27.50, the full-year dividend was ¥55. As a result, the payout ratio was 42.2% and the dividend-on-equity ratio was 2.1%.」

    The Company maintained its policy centered on stable dividends and paid an annual dividend of ¥55.
  17. FY2020-Q3RestatedAnnual report

    「Interim dividend for the 149th fiscal year At a meeting of the Board of Directors held on 29 October 2019, the following resolution was passed. Total interim dividends ¥2,906 million Interim dividend per share ¥27.5」

    In line with the policy centered on stable dividends, an interim dividend totaling ¥2.906 billion, or ¥27.5 per share, was paid.
  18. FY2020-Q2RestatedAnnual report

    「29 October 2019 Board of Directors Common shares Retained earnings 2,906 27.5 30 September 2019 29 November 2019」

    An interim dividend totaling ¥2.906 billion, or ¥27.5 per share, was approved, demonstrating a dividend payment consistent with the policy centered on stable dividends.
  19. FY2020-Q1RestatedAnnual report

    「25 June 2019 Annual General Meeting of Shareholders Common shares Retained earnings 2,924 27.5 31 March 2019 26 June 2019」

    For the fiscal year ended March 2019, total dividends of ¥2.924 billion, or ¥27.5 per share, were paid. This was consistent with the policy centered on stable dividends.
  20. FY2019AdvancedAnnual report

    「The year-end dividend for the current fiscal year was set at ¥27.50 per share after comprehensively considering business performance and other factors. Including the interim dividend of ¥27.50, the full-year dividend was ¥55. As a result, the payout ratio was 45.2% and the dividend-on-equity ratio was 2.1%. The Company conducted a 1-for-5 share consolidation effective 1 October 2017. Assuming that the share consolidation had taken place at the beginning of the previous fiscal year, the previous fiscal year’s annual dividend per share would have been ¥52.50, representing an increase of ¥2.50.」

    While maintaining its stable-dividend policy, the Company increased the annual dividend from ¥52.5 to ¥55, comparing figures after the share consolidation.
  21. FY2019-Q3RestatedAnnual report

    「Interim dividend for the 148th fiscal year. At a meeting of the Board of Directors held on 30 October 2018, the following resolution was passed: Total interim dividends: ¥2,924 million; interim dividend per share: ¥27.50.」

    In line with the policy centered on stable dividends, a dividend of ¥2.924 billion in total, or ¥27.5 per share, was approved as the interim dividend.
  22. FY2019-Q2RestatedAnnual report

    「At a meeting of the Board of Directors held on 30 October 2018, the following resolution was passed. Total interim dividends ¥2,924 million Interim dividend per share ¥27.5 Effective date of dividend receivable right and dividend payment commencement date 30 November 2018」

    An interim dividend totaling ¥2.924 billion, or ¥27.5 per share, was approved, demonstrating a dividend payment consistent with the policy centered on stable dividends.
  23. FY2019-Q1RestatedAnnual report

    「25 June 2018 Annual General Meeting of Shareholders Common shares Retained earnings 2,924 27.5 31 March 2018 26 June 2018」

    A dividend payment of ¥27.5 per share was recorded for the cumulative first quarter. The dividend results are presented based on the number of shares after the share consolidation.
  24. FY2018-Q2RestatedAnnual report

    「At a meeting of the Board of Directors held on 30 October 2017, the following resolution was passed: Total interim dividends: ¥2,658 million; interim dividend per share: ¥5.」

    An interim dividend of ¥5 per share was approved, demonstrating a dividend payment consistent with the policy centered on stable dividends.
  25. FY2017RestatedAnnual report

    「As a public utility whose mission is to ensure the long-term stable supply of city gas, the Company is working to strengthen its management base and has adopted stable dividends as its basic dividend policy. The year-end dividend for the current fiscal year was set at ¥5 per share, the same as at the end of the previous fiscal year, after comprehensively considering business performance and other factors. Including the interim dividend of ¥5, the full-year dividend was ¥10. As a result, the payout ratio was 35.2% and the dividend-on-equity ratio was 2.1%.」

    The Company maintained its stable-dividend policy and paid a full-year dividend of ¥10.
  26. FY2017-Q3RestatedAnnual report

    「Interim dividend for the 146th fiscal year. At a meeting of the Board of Directors held on 31 October 2016, the following resolution was passed: Total interim dividends: ¥2,690 million; interim dividend per share: ¥5.」

    The interim dividend of ¥5 per share was recorded, continuing to demonstrate a policy centered on stable dividends.
  27. FY2017-Q2RestatedAnnual report

    「Interim dividend for the 146th fiscal year. At a meeting of the Board of Directors held on 31 October 2016, the following resolution was passed: Total interim dividends: ¥2,690 million; interim dividend per share: ¥5.」

    A resolution was passed setting the interim dividend at ¥5 per share, continuing to demonstrate a policy centered on stable dividends.
  28. FY2017-Q1RestatedAnnual report

    「27 June 2016 Annual General Meeting of Shareholders Common shares Retained earnings Total dividends: ¥2,706 million Dividend per share: ¥5.0」

    The dividend for the quarter was ¥5 per share, demonstrating a dividend payment consistent with the stable-dividend policy.
  29. FY2016First statedAnnual report

    「As a public utility whose mission is to ensure the long-term stable supply of city gas, the Company is working to strengthen its management base and has adopted stable dividends as its basic dividend policy.」

    Stable dividends remain the basic policy. The full-year dividend was ¥10, with a payout ratio of 13.3%.
Moved together

"Expansion into new business areas through electricity retailing and smart towns" moved the same way as this thread, in the same document, in 8 of its 32 moves.

855444★123456
  1. ★This thread
  2. 1Expansion into new business areas through electricity retailing and smart towns8×
  3. 2Smart Energy Society, Renewable Energy, and Hydrogen-Related Technologies5×
  4. 3Accelerating business structure reform and venturing into new areas5×
  5. 4Strengthening Technical and On-Site Capabilities and Securing and Developing Talent4×
  6. 5Flexible shareholder returns through treasury share acquisitions and cancellations4×
  7. 6Deepening Customer Relationships4×

★ 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
Toho Gas's next results are scheduled for 2026-10-29. Read the earnings preview It last moved in the Governance of 2026-10-09: "Restated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Stable Dividends as a Public Utility Operator | TOHO GAS CO.,LTD. (9533) | Komori