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Toho Gas (9533) · RiskRestated

Intensifying Competition Resulting from Liberalization of the Electricity and Gas Markets

First written in FY2016. 16 of 20 entries say "Restated". Latest entry: FY2026-H1.

20entries
10years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2018-Q2 – FY2019-Q3RestatedFY2020-Q1 – FY2022-Q1RestatedFY2023-Q1 – FY2026-H12016: 320162017: 320172018: 320182019: 320192020: 220202021: 120212022: 220222023: 220232024: 020242025: 12025
Same theme, other companies
Intensifying Competition from the Liberalization of Electricity and Gas RetailingA theme 30 companies write about · 35 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2024: 8 of 21 companies on the "Worse" side.

16 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 30 companies compared. The sentences above are computed from all 30.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1RestatedAnnual report

    「There have been no material changes in the risks related to the Group's business during the interim consolidated accounting period.」

    There were no material changes in the risk of intensified competition following electricity and gas market liberalization.
  2. FY2024-Q2RestatedAnnual report

    「There were no material changes in the risks relating to the Group's business and other matters during the six months ended the second quarter.」

    There were no material changes in the risk of intensified competition following electricity and gas market liberalization.
  3. FY2024-Q1RestatedAnnual report

    「There were no material changes in the risks relating to the Group's business and other matters during the nine months ended the first quarter.」

    There were no material changes in the risk of intensified competition following electricity and gas market liberalization.
  4. FY2023-Q1RestatedAnnual report

    「There were no material changes in the risks relating to the Group's business and other matters during the nine months ended the first quarter.」

    There were no material changes in the risk of intensified competition following electricity and gas market liberalization.
  5. FY2022WorsenedAnnual report

    「The environment surrounding the energy industry has changed significantly due to intensifying competition across regional and industry boundaries, the movement toward carbon neutrality, international conditions and surging energy prices.」

    In addition to intensifying competition following the liberalisation of electricity and gas retailing, changes in the external environment were described as including intensifying competition across geographic and industry boundaries.
  6. FY2022-Q1RestatedAnnual report

    「There were no material changes in the risks relating to the Group's business and other matters during the nine months ended the first quarter.」

    There were no material changes in the risk of intensified competition following electricity and gas market liberalization.
  7. FY2021-Q2RestatedAnnual report

    「There were no material changes in the risks relating to the Group's business and other matters during the six months ended the second quarter.」

    There were no material changes in the risk of intensified competition following electricity and gas market liberalization.
  8. FY2020-Q3RestatedAnnual report

    「There were no material changes in the risks relating to the Group's business and other matters during the nine months ended the third quarter.」

    There were no material changes in the risk of intensified competition following electricity and gas market liberalization.
  9. FY2020-Q1RestatedAnnual report

    「There were no material changes in the risks relating to the Group's business and other matters during the nine months ended the first quarter.」

    There were no material changes in the risk of intensified competition following electricity and gas market liberalization.
  10. FY2019WorsenedAnnual report

    「Competition in the energy industry intensified further following the full liberalization of electricity and gas retail sales.」

    The disclosure stated that competition had intensified further against the backdrop of the full liberalization of electricity and gas retail sales.
  11. FY2019-Q3RestatedAnnual report

    「There were no material changes in the risks relating to the Group's business and other matters during the nine months ended the third quarter.」

    There were no material changes in the risk of intensified competition following electricity and gas market liberalization.
  12. FY2019-Q2RestatedAnnual report

    「There were no material changes in the risks relating to the Group's business and other matters during the six months ended the second quarter.」

    There were no material changes in the risk of intensified competition following electricity and gas market liberalization.
  13. FY2019-Q1RestatedAnnual report

    「There were no material changes in the risks relating to the Group's business and other matters during the nine months ended the first quarter.」

    There were no material changes in the risk of intensified competition following electricity and gas market liberalization.
  14. FY2018-Q3RestatedAnnual report

    「There were no material changes in the risks relating to the Group's business and other matters during the nine months ended the third quarter.」

    There were no material changes in the risk of intensified competition following electricity and gas market liberalization.
  15. FY2018-Q2RestatedAnnual report

    「There were no material changes in the risks relating to the Group's business and other matters during the six months ended the second quarter.」

    There were no material changes in the risk of intensified competition following electricity and gas market liberalization.
  16. FY2017MaterialisedAnnual report

    「In response to the full liberalization of retail sales of city gas that began in April this year, the Group will continue working to establish a fair competitive environment.」

    The disclosure stated that full liberalization of city-gas retail sales, which underpins the risk of intensified competition, had begun. It did not state that intensified competition had affected results.
  17. FY2017-Q3RestatedAnnual report

    「There were no material changes in the risks relating to the Group's business and other matters during the nine months ended the third quarter.」

    There were no material changes in the risk of intensified competition following electricity and gas market liberalization.
  18. FY2017-Q2RestatedAnnual report

    「There were no material changes in the risks relating to the Group's business and other matters during the six months ended the second quarter.」

    There were no material changes in the risk of intensified competition following electricity and gas market liberalization.
  19. FY2017-Q1RestatedAnnual report

    「There were no material changes in the risks relating to the Group's business and other matters during the nine months ended the first quarter.」

    The disclosure stated that there were no material changes in the risks relating to the business and other matters, and the risk of intensified competition following electricity and gas market liberalization remained unchanged.
  20. FY2016First statedAnnual report

    「Following the liberalization of the electricity market in April this year, the gas market will be fully liberalized next April, bringing major and rapid changes to the business environment surrounding the Company. Competition is expected to intensify further.」

    The full liberalization of the gas market following electricity market liberalization is described as a business-environment risk that will intensify competition.
Moved together

"Fluctuations in Gas Demand Due to Temperature, Economic Conditions and Regulatory Reform" moved the same way as this thread, in the same document, in 3 of its 20 moves.

32★12
  1. ★This thread
  2. 1Fluctuations in Gas Demand Due to Temperature, Economic Conditions and Regulatory Reform3×
  3. 2LNG input prices, foreign exchange, procurement negotiations and time lags2×

★ 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
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Intensifying Competition Resulting from Liberalization of the Electricity and Gas Markets | TOHO GAS CO.,LTD. (9533) | Komori