Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com -- Tokyo Gas announced a new medium-term plan targeting a return on equity of 9% and segment profit of ¥210 billion by fiscal year 2029.
The company outlined its three-year cumulative cash flow allocations, which include ¥1.1 trillion for investments, ¥200 billion for shareholder returns, and another ¥200 billion for flexible strategic allocations.
In a move to enhance shareholder value, Tokyo Gas increased its full-year dividend per share guidance for fiscal year 2026 to ¥100, up from its previous guidance of ¥80.
The utility also revealed plans for a substantial share buyback program, allocating up to ¥80 billion to repurchase a maximum of 20 million shares, representing approximately 5.4% of its outstanding shares.
For the current fiscal year ending March 2026, Tokyo Gas slightly raised its recurring profit guidance from ¥147.0 billion to ¥151.0 billion, which remains below the ¥166.3 billion consensus estimate compiled by FactSet.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.