Toho Gas Operating Profit Falls 61.5% as Fuel-Cost Timing Effect Flips From Gain to Loss
Toho Gas's first-quarter operating profit fell 61.5% to ¥7.64bn after Japan's fuel-cost pass-through mechanism flipped from a gain to a loss amid $112.7 crude and a ¥159.6-to-the-dollar yen, even as the company keeps its full-year guidance unchanged.