Tokyo Gas Co (FRA:TOG) Retained Earnings: €7,932 Mil (As of Mar. 2026)

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FRA:TOG Tokyo Gas Co Ltd FRA:TOG
78 GF Score
Price €32.40
GF Value €26.12
! 3 Warning Signs
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What is Tokyo Gas Co Retained Earnings?

Tokyo Gas Co FRA:TOG +0.62% 78 Retained Earnings is €7,932 Mil as of Mar. 2026. GuruFocus rates FRA:TOG with a GF Score™ of 78/100 and a GF Value™ of €26.12. The stock has 3 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Tokyo Gas Co's retained earnings for the quarter that ended in Mar. 2026 was €7,932 Mil.

Tokyo Gas Co's quarterly retained earnings declined from Sep. 2025 (€7,924 Mil) to Dec. 2025 (€7,638 Mil) but then increased from Dec. 2025 (€7,638 Mil) to Mar. 2026 (€7,932 Mil).

Tokyo Gas Co's annual retained earnings increased from Mar. 2024 (€8,214 Mil) to Mar. 2025 (€8,335 Mil) but then declined from Mar. 2025 (€8,335 Mil) to Mar. 2026 (€7,932 Mil).


Tokyo Gas Co  (FRA:TOG) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Tokyo Gas Co Retained Earnings Historical Data

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The historical data trend for Tokyo Gas Co's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tokyo Gas Co Retained Earnings Chart

Tokyo Gas Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8,240.82 9,160.17 8,214.47 8,335.34 7,931.74

Tokyo Gas Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8,335.34 8,084.41 7,924.12 7,638.14 7,931.74
FRA:TOG
78GF Score
Tokyo Gas Co Ltd FRA:TOG
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
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Tokyo Gas Co Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of €7,932 Mil mean?
Tokyo Gas Co (FRA:TOG) has a Retained Earnings of €7,932 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Tokyo Gas Co and its competitors.
Is Tokyo Gas Co's Retained Earnings too high?
Tokyo Gas Co's current Retained Earnings is €7,932 Mil. Overall, Tokyo Gas Co has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Tokyo Gas Co's Retained Earnings compare to ATO and NI?
Tokyo Gas Co's Retained Earnings of €7,932 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Utilities - Regulated company?
A good Retained Earnings depends on the Utilities - Regulated industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Tokyo Gas Co and its competitors. Tokyo Gas Co's current Retained Earnings is €7,932 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Gas Co stock overvalued right now?
Tokyo Gas Co (FRA:TOG) has a current Retained Earnings of €7,932 Mil. The stock's GF Value™ is €26.12, compared to a current price of €32.40 — trading 24% above its estimated fair value. The current Retained Earnings is €7,932 Mil. Tokyo Gas Co's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Tokyo Gas Co (FRA:TOG), the current Retained Earnings is €7,932 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tokyo Gas Co (FRA:TOG) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Gas Co stock appears to be overvalued. The current stock price of €32.40 is trading 24% above its estimated GF Value™ of €26.12.

Key valuation signals for FRA:TOG:

  • Retained Earnings: €7,932 Mil
  • GF Value™: €26.12 vs. price of €32.40 (24% above fair value)
  • GF Score™: 78/100 with 3 warning signs

No single metric tells the full story. See the FRA:TOG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokyo Gas Co Business Description

Address 1-5-20 Kaigan, Minato-ku, Tokyo, JPN, 105-8527
Tokyo Gas Co Ltd is a Japanese utility company involved in the production, generation, and supply of natural gas and electricity. Tokyo Gas segments its operations into Gas, Electric Power, Overseas, and Other business units. The company's Gas division generates the vast majority of its total revenue through the supply and sale of natural gas to, namely, the Tokyo metropolitan area and other Japanese urban areas. Tokyo Gas' supply of natural gas is fairly evenly distributed amongst residential, commercial, industrial, and power generation customers. The company's Electric Power business also represents a significant income stream. This division operates a portfolio of cogeneration and natural gas-fired thermal power plants primarily located in the Tokyo area.
78GF Score

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Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€32.40
Price
€26.12
GF Value