Tokyo Gas (TYO:9531) raised its full-year profit forecast for the fiscal year ending March 2026, citing gains from the liquidation of its Australian subsidiary, according to a Friday filing on the Tokyo bourse.

The company now expects profit attributable to owners of parent to reach 183 billion yen, compared with the previous forecast of 134 billion yen.

Basic earnings per share are now projected to be 522.09 yen, up from 384.49 yen previously.

Revenue forecast remains unchanged at 2.574 trillion yen.

The increase stems from an expected 68 billion yen extraordinary gain related to the reversal of the foreign currency translation adjustment for Tokyo Gas Australia, following the finalization of exchange rates, the company said.