Tokyo Gas Co Ltd
Tokyo Gas Co.,Ltd. engages in the production, supply, and sale of city gas and LNG in Japan. It operates through Energy Solutions, Network, Overseas, and Urban development segments. The company is involved in the production, supply, and sale of electricity; provision of engineering solutions and energy services, as well as transmission service of city gas; and trading activities. It also provides… Read more
Tokyo Gas Co Ltd (TKGSY) - Net Assets
Latest net assets as of December 2025: $1.69 Trillion USD
Based on the latest financial reports, Tokyo Gas Co Ltd (TKGSY) has net assets worth $1.69 Trillion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.72 Trillion) and total liabilities ($2.03 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.69 Trillion |
| % of Total Assets | 45.36% |
| Annual Growth Rate | 5.53% |
| 5-Year Change | 52.89% |
| 10-Year Change | 61.54% |
| Growth Volatility | 6.23 |
Tokyo Gas Co Ltd - Net Assets Trend (1998–2025)
This chart illustrates how Tokyo Gas Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tokyo Gas Co Ltd (1998–2025)
The table below shows the annual net assets of Tokyo Gas Co Ltd from 1998 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $1.80 Trillion | +3.94% |
| 2024-03-31 | $1.73 Trillion | +9.06% |
| 2023-03-31 | $1.59 Trillion | +26.48% |
| 2022-03-31 | $1.26 Trillion | +6.64% |
| 2021-03-31 | $1.18 Trillion | +1.64% |
| 2020-03-31 | $1.16 Trillion | -1.03% |
| 2019-03-31 | $1.17 Trillion | +2.00% |
| 2018-03-31 | $1.15 Trillion | +3.20% |
| 2017-03-31 | $1.11 Trillion | -0.21% |
| 2016-03-31 | $1.12 Trillion | +2.57% |
| 2015-03-31 | $1.09 Trillion | +5.61% |
| 2014-03-31 | $1.03 Trillion | +8.77% |
| 2013-03-31 | $946.51 Billion | +10.69% |
| 2012-03-31 | $855.10 Billion | -2.17% |
| 2011-03-31 | $874.09 Billion | +5.79% |
| 2010-03-31 | $826.29 Billion | +5.31% |
| 2009-03-31 | $784.62 Billion | +0.53% |
| 2008-03-31 | $780.46 Billion | -3.17% |
| 2007-03-31 | $806.05 Billion | +9.15% |
| 2006-03-31 | $738.49 Billion | +12.34% |
| 2005-03-31 | $657.40 Billion | +9.07% |
| 2004-03-31 | $602.71 Billion | +3.25% |
| 2003-03-31 | $583.75 Billion | +2.79% |
| 2002-03-31 | $567.88 Billion | +2.05% |
| 2001-03-31 | $556.45 Billion | +14.06% |
| 2000-03-31 | $487.86 Billion | +14.91% |
| 1999-03-31 | $424.56 Billion | +0.79% |
| 1998-03-31 | $421.23 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tokyo Gas Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 390.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.34 Trillion | 77.85% |
| Common Stock | $141.84 Billion | 8.22% |
| Other Comprehensive Income | $321.50 Billion | 18.63% |
| Total Equity | $1.73 Trillion | 100.00% |
Tokyo Gas Co Ltd Competitors by Market Cap
The table below lists competitors of Tokyo Gas Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
U-Haul Holding Company
NYSE:UHAL
|
$4.73 Billion |
|
Matson Inc
NYSE:MATX
|
$4.74 Billion |
|
Kiwoom
KO:039490
|
$4.74 Billion |
|
Elia Group SA/NV
OTCGREY:ELIAF
|
$4.74 Billion |
|
Raytron Technology Co Ltd
SHG:688002
|
$4.73 Billion |
|
Gap Inc.
LSE:0ITS
|
$4.73 Billion |
|
West Fraser Timber Co Ltd
NYSE:WFG
|
$4.73 Billion |
|
Constellation Brands Inc.
SA:STZB34
|
$4.72 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tokyo Gas Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,695,747,000,000 to 1,725,443,000,000, a change of 29,696,000,000 (1.8%).
- Net income of 74,194,000,000 contributed positively to equity growth.
- Dividend payments of 28,531,000,000 reduced retained earnings.
- Share repurchases of 120,055,000,000 reduced equity.
- Other comprehensive income increased equity by 107,593,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $74.19 Billion | +4.3% |
| Dividends Paid | $28.53 Billion | -1.65% |
| Share Repurchases | $120.06 Billion | -6.96% |
| Other Comprehensive Income | $107.59 Billion | +6.24% |
| Other Changes | $-3.50 Billion | -0.2% |
| Total Change | $- | 1.75% |
Book Value vs Market Value Analysis
This analysis compares Tokyo Gas Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.01x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-03-31 | $348.92 | $16.00 | x |
| 1999-03-31 | $352.31 | $16.00 | x |
| 2000-03-31 | $400.84 | $16.00 | x |
| 2001-03-31 | $457.24 | $16.00 | x |
| 2002-03-31 | $452.57 | $16.00 | x |
| 2003-03-31 | $467.82 | $16.00 | x |
| 2004-03-31 | $500.41 | $16.00 | x |
| 2005-03-31 | $544.97 | $16.00 | x |
| 2006-03-31 | $636.02 | $16.00 | x |
| 2007-03-31 | $704.50 | $16.00 | x |
| 2008-03-31 | $701.43 | $16.00 | x |
| 2009-03-31 | $711.57 | $16.00 | x |
| 2010-03-31 | $751.39 | $16.00 | x |
| 2011-03-31 | $801.44 | $16.00 | x |
| 2012-03-31 | $805.96 | $16.00 | x |
| 2013-03-31 | $901.34 | $16.00 | x |
| 2014-03-31 | $1005.21 | $16.00 | x |
| 2015-03-31 | $1092.25 | $16.00 | x |
| 2016-03-31 | $1147.07 | $16.00 | x |
| 2017-03-31 | $1192.94 | $16.00 | x |
| 2018-03-31 | $1243.19 | $16.00 | x |
| 2019-03-31 | $1285.78 | $16.00 | x |
| 2020-03-31 | $1297.34 | $16.00 | x |
| 2021-03-31 | $1308.16 | $16.00 | x |
| 2022-03-31 | $1395.58 | $16.00 | x |
| 2023-03-31 | $1794.62 | $16.00 | x |
| 2024-03-31 | $2055.03 | $16.00 | x |
| 2025-03-31 | $2235.07 | $16.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tokyo Gas Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.81%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 2.23x
- Recent ROE (4.30%) is below the historical average (7.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 4.13% | 1.71% | 0.59x | 4.12x | $-24.53 Billion |
| 1999 | 4.22% | 1.78% | 0.58x | 4.05x | $-24.38 Billion |
| 2000 | 5.51% | 2.69% | 0.55x | 3.73x | $-21.73 Billion |
| 2001 | 4.99% | 2.54% | 0.60x | 3.25x | $-27.68 Billion |
| 2002 | 9.20% | 4.73% | 0.64x | 3.02x | $-4.50 Billion |
| 2003 | 10.21% | 5.25% | 0.67x | 2.89x | $1.23 Billion |
| 2004 | 7.48% | 3.89% | 0.69x | 2.79x | $-15.06 Billion |
| 2005 | 12.95% | 7.06% | 0.71x | 2.57x | $19.17 Billion |
| 2006 | 8.53% | 4.90% | 0.75x | 2.33x | $-10.71 Billion |
| 2007 | 12.67% | 7.31% | 0.81x | 2.13x | $21.19 Billion |
| 2008 | 5.52% | 2.86% | 0.87x | 2.22x | $-34.42 Billion |
| 2009 | 5.40% | 2.51% | 0.94x | 2.28x | $-35.53 Billion |
| 2010 | 6.61% | 3.80% | 0.77x | 2.26x | $-27.61 Billion |
| 2011 | 11.11% | 6.22% | 0.84x | 2.13x | $9.57 Billion |
| 2012 | 5.49% | 2.63% | 0.94x | 2.22x | $-37.86 Billion |
| 2013 | 10.96% | 5.31% | 0.96x | 2.15x | $8.91 Billion |
| 2014 | 10.72% | 5.13% | 0.97x | 2.15x | $7.27 Billion |
| 2015 | 8.96% | 4.18% | 1.02x | 2.11x | $-11.12 Billion |
| 2016 | 10.17% | 5.94% | 0.84x | 2.05x | $1.91 Billion |
| 2017 | 4.82% | 3.35% | 0.71x | 2.02x | $-57.02 Billion |
| 2018 | 6.60% | 4.22% | 0.76x | 2.06x | $-38.62 Billion |
| 2019 | 7.30% | 4.31% | 0.81x | 2.09x | $-31.35 Billion |
| 2020 | 3.77% | 2.25% | 0.76x | 2.21x | $-71.49 Billion |
| 2021 | 4.29% | 2.80% | 0.64x | 2.37x | $-65.88 Billion |
| 2022 | 7.80% | 4.46% | 0.67x | 2.62x | $-27.02 Billion |
| 2023 | 18.03% | 8.54% | 0.92x | 2.30x | $125.08 Billion |
| 2024 | 10.02% | 6.38% | 0.69x | 2.29x | $361.30 Million |
| 2025 | 4.30% | 2.81% | 0.68x | 2.23x | $-98.35 Billion |
Industry Comparison
This section compares Tokyo Gas Co Ltd's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $9,591,711,655
- Average return on equity (ROE) among peers: 15.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tokyo Gas Co Ltd (TKGSY) | $1.69 Trillion | 4.13% | 1.20x | $4.73 Billion |
| APA Group (APAJF) | $3.21 Billion | 8.05% | 4.14x | $6.28 Billion |
| Ascopiave S.p.A (ASCOF) | $409.67 Million | 8.69% | 1.12x | $220.54 Million |
| Atmos Energy Corporation (ATO) | $1.65 Billion | 8.96% | 2.47x | $30.35 Billion |
| Beijing Gas Blue Sky Holdings Limited (BJGBF) | $25.42 Million | 42.17% | 3.14x | $31.34 Million |
| Black Hills Corporation (BKH) | $205.40 Million | 15.77% | 1.48x | $5.29 Billion |
| CF Energy Corp (CGFEF) | $47.11 Million | 14.33% | 1.32x | $2.67 Million |
| China Gas Holdings Limited (CGHOF) | $45.80 Billion | 20.06% | 1.45x | $2.35 Billion |
| Chesapeake Utilities Corporation (CPK) | $561.58 Million | 11.60% | 2.18x | $2.98 Billion |
| China Resources Gas Group Limited (CRGGF) | $31.61 Billion | 14.08% | 1.33x | $2.74 Billion |
| China Suntien Green Energy Corporation Limited (CSGEF) | $12.40 Billion | 10.23% | 2.16x | $894.23 Million |