Key Developments: Tokyo Gas Co Ltd (9531.T)
20 Dec 2013
Latest Key Developments (Source: Significant Developments)
TOKYO GAS CO LTD:Rating has been affirmed by Rating and Investment Information, Inc (R&I) at "AA+".Rating outlook is stable. Full Article
TOKYO GAS CO LTD announced that it will retire 60,368,000 shares (a 2.34% stake) of its treasury stock on July 12, 2013. After the retirement, the total of its shares outstanding will be 2,517,551,295. Full Article
TOKYO GAS CO LTD Raises Financial Outlook for FY 2014 and Affirms Dividend Forecast for FY 2014 - Toyo Keizai
Toyo Keizai reported that TOKYO GAS CO LTD is expecting its revenue to grow by 10.5% to be JPY 2,116 billion and operating profit to grow by 10.6% to be JPY 161 billion, while profit to remain the same at approximately JPY 101 billion, for the fiscal year ending March 2014. Toyo Keizai also reported that the Company's dividend forecast remains at JPY 10 per share, for the fiscal year ending March 2014. Full Article
TOKYO GAS CO LTD announced that it has decided to repurchase up to 7,600,000 shares of its common stock (approximately 2.9% of total shares outstanding), for up to JPY 36,000 million in total, during the period from April 30, 2013 to March 31, 2014. Full Article
TOKYO GAS CO LTD announced that it has decided to issue a year-end dividend of JPY 5.5 per share, above the latest dividend forecast of JPY 4.4 per share, disclosed on January 31, 2013, to all the shareholders of record as of March 31, 2012, effective June 28, 2013. Full Article
TOKYO GAS CO LTD's Sub-subsidiary Signs Contract to Acquire Stake in Gas Development Business from Quicksilver Resources Inc.
TOKYO GAS CO LTD announced that its sub-subsidiary, TG Barnett Resources LP, has signed a contract with Quicksilver Resources Inc., to acquire a 25% stake in the gas development business in Barnet Basin, Texas, United States, for USD 485 million. Full Article
Reuters reported that TOKYO GAS CO LTD is in talks to buy a less than 10% stake in BG Group plc's Australian liquefied natural gas project. The deal includes the purchase of 1 million tonnes of LNG a year from the Australian project, which is under development. Full Article
Tokyo Gas Co., Ltd. announced that it has raised its consolidated mid-year outlook for revenue from JPY 859,000 million to JPY 863,000 million, operating profit from JPY 30,000 million to JPY 53,000 million, ordinary profit from JPY 29,000 million to JPY 54,000 million, net profit from JPY 19,000 million to JPY 32,000 million and earning per share from JPY 7.35 to JPY 12.43, for the fiscal year ending March 2013. In addition, the Company has lowered its consolidated full-year outlook for revenue from JPY 1,914,000 million to JPY 1,844,000 million, but raised the outlook for operating profit from JPY 99,000 million to JPY 140,000 million, ordinary profit from JPY 96,000 million to JPY 138,000 million, net profit from JPY 63,000 million to JPY 88,000 million and earning per share from JPY 24.37 to JPY 34.20, for the fiscal year ending March 2013. The Company raised the outlook due to the increased sales, among others. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 1,880.20 billion and net profit of JPY 73.16 billion. Full Article
Tokyo Gas Co., Ltd. announced that it has raised its consolidated full-year outlook for revenue from JPY 1,729,000 million to JPY 1,764,000 million, operating profit from JPY 70,000 million to JPY 77,000 million, ordinary profit from JPY 68,000 million to JPY 74,000 million, net profit from JPY 33,000 million to JPY 44,000 million and earning per share from JPY 12.68 to JPY 16.90, for the fiscal year ended March 2012. This is due to the increased sales as well as the decreased valuation loss of investment securities, among others. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 1,723.58 billion and net profit of JPY 36.91 billion. Full Article
The Tokyo Electric Power Company, Inc. announced that the Company, along with Tokyo Gas Co., Ltd. and Osaka Gas Co., Ltd., has signed Heads of Agreement to extend the sales and purchase contract with Brunei LNG Sendirian Berhad. Full Article
TOKYO - The Fukushima nuclear disaster is driving one of Japan's biggest industry overhauls since World War Two, as new, nimble suppliers take business from the big regional power monopolies, and manufacturers, from steelmakers to drinks firms, generate their own power and sell what they don't need.