Tokyo Gas has unveiled its medium-term management plan, projecting a nearly doubled net profit for the fiscal year 2026 and revealing plans for expansion in the United States. The company anticipates a net profit increase to 131 billion yen in the 2025-26 fiscal year compared to 72 billion yen in the current fiscal year. They also plan to raise dividends to 80 yen per share and initiate a share buyback of up to 120 billion yen in the first half of the 2026 fiscal year. Tokyo Gas aims to enhance collaboration between its LNG trading and shale gas operations in the U.S. while strengthening its presence globally. The company foresees its shale gas business becoming a significant profit contributor by 2025. With an investment target of over 1.1 trillion yen and planned shareholder returns exceeding 200 billion yen in fiscal years 2026-2028, the company also intends to sell approximately 100 billion yen worth of real estate. Tokyo Gas did not reference U.S. activist investor Elliott Management in its presentation, who recently acquired a 5.03% stake in the company. Despite this, Tokyo Gas shares closed 2% lower in Tokyo's trading session.