TOHO GAS CO., LTD.
9533・Prime Market・Electric Power & Gas
Governance
Company with a Board of Corporate Auditors. Comprises 9 directors (3 outside directors, all designated as independent officers) and 5 corporate auditors (3 outside auditors). A voluntary committee on nomination and compensation has been established, with all outside directors and outside corporate auditors participating. Following the June 2026 general shareholders meeting, the board is scheduled to be expanded to 10 directors (4 outside).
Risk Management
Risk factors across the group are identified annually based on the Risk Management Regulations, with the responsible department examining countermeasures. From April 2026, the structure will be reorganized so that matters are referred to the Board of Directors via the Sustainability Council (Management Committee), integrating sustainability risks, including climate change risk, into the company-wide risk management framework.
Shareholder Returns
Stable dividends are the basic policy; for the current fiscal year (FY2026, ending March 2026), the annual dividend is ¥90 (interim ¥45 + year-end ¥45), with a payout ratio of 26.5% and a dividend-on-equity ratio (DOE) of 1.8%. For the next fiscal year (FY2027, ending March 2027), the annual dividend is planned at ¥22.5 on a post-split basis (equivalent to ¥90 pre-split). Share buybacks are also being conducted on an ongoing basis (¥30,010 million in the current fiscal year).
Dividend Policy
The basic policy is to strengthen the management base while maintaining stable dividends, with dividends paid twice a year (interim and year-end). For FY2026 (ending March 2026), the annual dividend per share is ¥90 (interim ¥45 + year-end ¥45), with a payout ratio of 26.5% and a dividend-on-equity ratio (DOE) of 1.8%. A 4-for-1 stock split was implemented effective April 1, 2026, and the annual dividend forecast for FY2027 (ending March 2027) is ¥22.5 per share on a post-split basis (¥11.25 each for interim and year-end, equivalent to ¥90 on a pre-split basis). Share buybacks are also being conducted on an ongoing basis, with the acquisition amount for the current fiscal year totaling ¥30,010 million.
ESG
With TCFD endorsement, the company conducted 1.5°C and 4°C scenario analyses, setting a target of carbon neutrality by 2050. FY2024 GHG emissions were 57 thousand tons for Scope 1, 53 thousand tons for Scope 2, and 10,501 thousand tons for Scope 3. On the human capital front, the company developed 224 DX-promoting personnel (against a target of 200), achieved a 103.9% rate of male childcare leave uptake, and obtained certification as an Excellent Health Management Corporation "White 500".
Last updated: June 23, 2026