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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.