Tokyo Gas to expand US business, including LNG trading

TOKYO, March 26 (Reuters) - Tokyo Gas 9531.T, Japan's biggest city gas provider, plans to expand its business in the United States, including in trading U.S. liquefied natural gas (LNG), the company said in its new medium-term management plan on Wednesday.

Tokyo Gas targets net profit of 131 billion yen ($871 million) in the 2025 fiscal year, up from 72 billion yen set for the fiscal year ending this March, with dividends rising by 10 yen to 80 yen per share at the end of the fiscal year of 2024.

($1 = 150.4700 yen)